RBI | Lakshmi Vilas Bank Limited branches to operate as DBS Bank India Limited branches
The Government of India sanctioned the Scheme for the amalgamation of the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd. The
Moratorium
Cabinet approves Scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited
Scheme of Amalgamation The Union Cabinet has given its approval to the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with
[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan
BACKGROUND The financial position of The Lakshmi Vilas Bank Ltd. (the bank) has undergone a steady decline with the bank incurring continuous
Del HC | Is the liability of Principal Borrower and Guarantor co-extensive? Court reiterates SC’s position on continuation of SARFAESI proceedings against Guarantor by banks
Delhi High Court: A Division Bench of Hima Kohli and Subramonium Prasad, JJ., considered the following question: Whether a bank/financial institution can institute
NCLAT upholds NCLT Judgment allowing liquidator to sell company’s assets attached by ED
National Company Law Appellate Tribunal (NCLAT): A Bench comprising of Justice S.J. Mukhopadhaya (Chairperson) and Justice B.L. Bhat (Judicial member) rejected an
Kar HC | Court directs RBI to monitor implementation of the Circular relating to regulatory package during COVID times
Karnataka High Court: Suraj Govindaraj, J., dealt with a petition which was filed in order to enforce the regulatory package announced by
Causatum of Corona on the Banking Sector
by Arjun Garg* & Rati Tandon**
COVID-19 | Del HC |SMA-2 not to be further classified as NPA if interest not paid during moratorium period (1-3-2020 to 31-5-2020); classification as NPA by Yes Bank reversed
Delhi High Court: Sanjeev Sachdeva, J. while addressing a petition held that, Classification of Petitioner’s account as Non-Performing Asset could not have been
COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19
Delhi High Court: Sanjeev Sachdeva, J. addressed the urgent matter with regard to a direction being sought to Yes Bank regarding not taking any
[LIVE] BREAKING | COVID-19 | RBI announces measures to combat Corona Virus — Moratorium of 3 months on all loans
Significant pointers placed by RBI Governor Shaktikanta Das in the press conference: Liquidity in markets 150 RBI Staff quarantined. Minimise market volatility.
RBI | Yes Bank Ltd. placed under Moratorium
The financial position of Yes Bank Ltd. (the bank) has undergone a steady decline largely due to inability of the bank to
Application for initiation of corporate insolvency resolution process against DHFL filed under Insolvency and Bankruptcy Code, 2016
The Reserve Bank filed an application for initiation of corporate insolvency resolution process against Dewan Housing Finance Corporation Limited (DHFL) under Section
Breaking | BCI approves of 3 years moratorium on approval of new law colleges in the country
Bar Council of India (BCI) has unanimously approved the proposal of Sh. Ved Prakash Sharma, Member, BCI to put moratorium for three
NCLT not to entertain application under Section 9 I&B Code before expiry of 10 days from date of giving notice under Section 8(1): NCLAT
National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial)
Section 138 NI Act proceedings not covered within the period of moratorium under Section 14 I&B Code: NCLAT
National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial),
Arbitration clause cannot be invoked during moratorium
National Company Law Appellate Tribunal: In the judgment delivered by S.J. Mukhopadhaya (Chairperson), A.I.S. Cheema (Judicial Member) and Balvinder Singh (Technical Member)
NCLAT: ‘Moratorium’ will not affect any suit or case pending before Supreme Court u/Art. 32 or any High Court u/Art. 226
National Company Law Appellate Tribunal: Canara Bank, the appellant-financial creditor, challenged the impugned order passed by National Company Law Tribunal, Hyderabad Bench whereby
Moratorium provisions under Maharashtra Relief Undertakings (Special Provisions Act), 1958 repugnant to Insolvency and Bankruptcy Code of 2016
Supreme Court: Dealing with the question relating to applicability of the Maharashtra Relief Undertakings (Special Provisions Act), 1958 vis-a-vis the Insolvency and