financial irregularities

PMC Bank Unity Bank
Case BriefsHigh Courts

The Bombay High Court noted that RBI framed the PMC Bank—Unity Bank amalgamation scheme during a period of severe financial stress for PMC Bank, and held that the measures, including depositor classification and reduced interest, were valid steps taken in public interest.

Dr. Sandip Ghosh bail
Hot Off The PressNews

Kolkata Court also granted bail to police officer Abhijit Mondal.

National Company Law Appellate Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

The NCLAT noted that the NCLT had not delegated its jurisdiction to the 15-member committee but tasked the committee to act under the NCLT’s oversight, ensuring compliance with its guidance and observations.