Union Bank of India Archives

CAM successfully advises Union Bank of India in Bankruptcy Petition Against Kapil Wadhawan; NCLT Mumbai Admits Petition

Kapil Wadhawan had executed a joint deed of personal guarantee to secure the credit facilities extended to erstwhile Dewan Housing Finance Corporation Ltd., not exceeding INR. 50,656.84 Crores.

Case Briefs High Courts

‘Bank cannot open Lookout Circular as an arm-twisting tactic’; Delhi HC quashes Circular issued by Union Bank of India to recover debt

The Delhi High Court said that a Lookout Circular is a major impediment for a person who wants to travel abroad.

Case Briefs High Courts

Accused cannot claim statutory right of default bail on the ground that investigation qua other accused was pending: Supreme Court in DHFL Fraud Case

Supreme Court noted that the right of the investigating officer to pray for further investigation in terms of Section 173 (8) is not taken away only because a chargesheet is filed under Section 173 (2) against the accused.

Case Briefs High Courts

Writ petition under Article 226 of the Constitution cannot be filed for seeking alteration in contract: Delhi High Court

The Delhi High Court held that a borrower cannot ask for alteration of contract by way of a writ petition and a contract can only be altered through mutual consent between the parties.

Case Briefs High Courts

Del HC | Penalty imposed on CPIOs for “changing stands” leading to apprehension of mala fides and unreasonable conduct; Elaborate principles laid down for exercise of power by CPIOs

Delhi High Court: Prathiba M. Singh, J., upheld that order of the Central Information Commission whereby a penalty of Rs 10000 was

News Treaties/Conventions/International Agreements

Government e-Marketplace signs MoU with Union Bank of India

Government e-Marketplace (GeM) signed a Memorandum of Understanding (MoU) with Union Bank of India (UBI) in New Delhi on October 10, 2019. Through