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An arbitration clause in the contract prevents arbitration until alternative remedies are made by the government
Delhi High Court observed that an arbitration clause in the contract prevents arbitration until alternative remedies are made by the...
Mar 19, 20242 min read
The Auction Purchaser Cannot Prevent the Bank from Entering into a One Time Settlement as the Sale was not Confirmed
The Bench of Justice N. Nagesh of Kerala High Court observed that the right of redemption for borrowers ends upon the publication of the...
Mar 15, 20242 min read
Failure to duly register security interest, as mandated, renders the claimant ineligible for secured creditor status
The Company Law Appellate Tribunal (NCLAT), Chennai Bench comprising Justices M. Venugopal & Sharad Kumar Sharma (Judicial Members) and...
Mar 14, 20243 min read
Principles of Natural Justice, Including the Right to a Fair Hearing, is Essential in Adjudicatory Proceedings
The National Company Law Appellate Tribunal (NCLAT), Principal Bench comprising Justices Ashok Bhushan (Chairperson) & Yogesh Khanna...
Mar 13, 20242 min read
Sections 73 and 74 of the Indian Contract Act Do Not Apply to the Forfeiture of Earnest Money under Rule 9(5) of the SARFAESI Rules
A three-judge bench of the Supreme Court comprising Dr. Dhananjaya Y. Chandrachud, CJI and Justices J.B. Pardiwala and Manoj Misra, held...
Mar 12, 20242 min read
Clear and conclusive evidence is essential in contractual disputes; the key legal principle involves discrediting unsupported oral agreements
An oral assurance given by a bank officer for settlement lacked evidentiary support. The key legal principle is the necessity for clear...
Mar 12, 20242 min read
Bank failed to comply with the statutory requirement of providing a 15 days notice to the borrowers before the auction of the property
Debts Recovery Appellate Tribunal (DRAT), Allahabad Bench comprising Justice R.D. Khare, (Chairperson) observed that the appellant-Bank...
Mar 11, 20242 min read
Major Banking Overhaul: 5-Day Work Week and 17% Salary Hike for Bank Employees
In a significant development for the banking sector, the All India Bank Officers' Confederation has announced the successful conclusion...
Mar 10, 20242 min read
DY Chandrachud, CJI appeals Simplicity and Accessibility in Legal Judgments
In a significant event held today (9 March 2024), marking the inaugural ceremony of the Hamara Samvidhan Hamara Samman (Our Constitution...
Mar 9, 20242 min read
Delhi High Court Decodes SARFAESI Act Jurisdiction in Claims below 10 Lakhs under RDB Act, 1993
A Division Bench, consisting of Justices Vibhu Bakhru and Amit Mahajan, emphasized that the relief provided by Section 13(10) of the...
Mar 9, 20242 min read
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