patna high court
Case BriefsHigh Courts

The right to recovery of the Banks and Financial Institutions if pitted against the constitutional right of life of a person to live with dignity and not to be deprived of without following the established procedure of law, the constitutional rights of the person shall prevail.

Case BriefsSupreme Court

‘Audi alteram partem application cannot be impliedly excluded under the Master Directions on Frauds.’

Case BriefsSupreme Court

The Supreme Court observed that principles of natural justice should be necessarily read into the provisions of the Master Directions on Frauds, to save it from the vice of arbitrariness.

Delhi High Court
Case BriefsHigh Courts

The PIL seeks formulation and implementation of a scheme that conclusively addresses the grievances of other home buyers who may not have the capacity to approach courts/forums to seek redressal against builders.

Legislation UpdatesNotifications

The Reserve Bank of India (hereinafter called the Reserve Bank) issued Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022. These

Case BriefsSupreme Court

Supreme Court observed that Vijay Mallya “never showed any remorse nor tendered any apology for his conduct” of transferring a huge sum of US$40 million to his children instead of repaying his debt of more than Rs. 9000 crores to the banks.

Central Government Notification
Legislation UpdatesRules & Regulations

The Central Government has notified the Assisted Reproductive Technology (Regulation) Rules, 2022 in order to regulate the functioning of Assisted Reproductive Technology

Business NewsHot Off The PressNews

The guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs). The non-individual borrowers enjoying aggregate

Legal RoundUpSupreme Court Roundups

Year 2021! The year that started with the hope of the COVID-19 Pandemic nearing an end with countries starting vaccination, ended up

Case BriefsHigh Courts

Delhi High Court: Asha Menon, J., expressed that, The Banks seek collaterals and security to prevent losses to themselves. It is, but

Case BriefsSupreme Court

Supreme Court: The bench of Ashok Bhushan and MR Shah, JJ has refused to pass any direction in the petition seeking effective

Case BriefsTribunals/Commissions/Regulatory Bodies

National Company Law Appellate Tribunal (NCLAT): The Division Bench of Justice Anant Bijay Singh, Judicial Member and Shreesha Merla, Technical Member held

Case BriefsCOVID 19Supreme Court

There was no justification shown by the Government to restrict the relief of not charging interest on interest with respect to the loans up to Rs. 2 crores only and that too restricted to only 8 categories.

Reserve Bank of India
Hot Off The PressNews

Master Direction on Digital Payment Security Controls The Master Direction provides necessary guidelines for the Regulated Entities (Scheduled Commercial Banks, Small Finance

Case BriefsSupreme Court

“Banks cannot wash off their hands and claim that they bear no liability towards their customers for the operation of the locker.”

Case BriefsSupreme Court

Supreme Court: In a breather to customers in the case relating to waiver of interest on loan during the moratorium period, the

Case BriefsSupreme Court

Employers prescribe qualifications to any post, not Courts.

Hot Off The PressNews

There have been several media reports alluding to steep increase in service charges by certain Public Sector Banks (PSBs).  In this context,

Case BriefsHigh Courts

Delhi High Court: A Division Bench of Hima Kohli and Subramonium Prasad, JJ., considered the following question: Whether a bank/financial institution can institute

Legislation UpdatesStatutes/Bills/Ordinances

The Banking Regulation (Amendment) Bill, 2020 Which Act will the said bill amend? The Banking Regulation (Amendment) Bill, 2020 will amend the