RBI Directions 2025 reshape India’s Project Finance framework
Project Finance re-defined under RBI’s new Directions.
NBFC
Delhi High Court sets aside RBI’s NBFC registration cancellation of Shabros Finvest; Directs reconsideration
The central dispute involved RBI’s cancellation of Shabros Finvest Pvt. Ltd.’s NBFC registration for allegedly failing to meet the prescribed Net Owned Fund (NOF) requirement.
Despite acknowledging ECL’s violations, RBI failed to act; Delhi High Court upholds direction to RBI to intervene
It is an elementary principle that when a public authority is vested with specific powers, it is duty bound to act accordingly. Therefore, any failure to exercise statutory powers gives rise to a cause of action to secure performance of such duty by way of issuance of writ of mandamus under Article 226.
RBI imposes penalty of Rs. 10.4 lakhs on HP Financial Services for failing to adhere to its KYC, NBFC, and IT framework regulations for the non-banking financial sector
HP Financial Services not only failed to establish a periodic review of risk categorization of accounts but also failed to form an IT Strategy Committee as well as an IT Steering Committee.
Decoding Mortgage Redemption in Banking
by Abhishek Saini†
When can decree on admission be passed? Madras HC explains how general admission of facts v. admission of claim, makes difference
Madras High Court: Dr G. Jayachandran, J., refused to pass a decree in favour of the plaintiff who relied on general admission
Kar HC | If the petitioner unconditionally withdraws a particular matter can the said subject matter be re agitated in any other proceedings? HC analyses
Karnataka High Court: Suraj Govindraj J., dismissed the writ petition on grounds of maintainability. The facts of the case are such that
Ori HC | Are private banking companies discharging banking services amenable to writ jurisdiction? HC analyses
Orissa High Court: Biswajit Mohanty J., dismissed the petition being non-maintainable. The facts of the case are such that the petitioner took
Cabinet approves Special Liquidity Scheme for NBFCs/HFCs to address their Liquidity Stress
Union Cabinet, has given its approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for
Indian Data Protection Regime & the Future of Fintechs in India
(Kritika Krishnamurthy, Director, Bridge Policy Think Tank and Aashrit Verma, Consultant, Bridge Policy Think Tank) The FinTech industry has grown out of
SAT | Tribunal modifies suspension of appellant from NSE for 5 days to banning them from registering new clients for a period of one month
Securities Appellate Tribunal (SAT): Coram of Justice Tarun Agarwala, (Presiding Officer), Justice M. T. Joshi (Judicial Member), and Dr C. K. G. Nair
Court directs Reserve Bank of India to keep a check on the excessive rates of interest being charged by Non Banking Financial Companies
Madras High Court: While hearing a public interest litigation seeking to raise the issue of the excessive rates of interest charged by