Supreme Court Asks RBI Whether Banks Should Notify Borrowers of Interest Rate Changes and Provide Annual Loan Statements
![Supreme Court Asks RBI Whether Banks Should Notify Borrowers of Interest Rate Changes and Provide Annual Loan Statements](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![Following the NCLT's Admission of the Insolvency Application and Cancellation of Auction, the Bid Amount Should Be Refunded to the Successful Bidder](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- Aug 6
- 2 min
Following the NCLT's Admission of the Insolvency Application and Cancellation of Auction, the Bid Amount Should Be Refunded to the Successful Bidder
![](https://static.wixstatic.com/media/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.webp)
![NCLT lacks jurisdiction over insolvency proceedings involving personal guarantees in the context of partnership firms](https://static.wixstatic.com/media/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.jpg/v1/fill/w_209,h_180,fp_0.50_0.50,q_90,enc_auto/d515a3_7d6a0ec3440048ee9651592943157ffb~mv2.webp)
- Aug 5
- 3 min
NCLT lacks jurisdiction over insolvency proceedings involving personal guarantees in the context of partnership firms
![](https://static.wixstatic.com/media/d515a3_3a4965336da543548557d3d12bb89c15~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_3a4965336da543548557d3d12bb89c15~mv2.webp)
![Civil Court's Jurisdiction Remains When the Debts Recovery Tribunal Cannot Effectively Address Remedy](https://static.wixstatic.com/media/d515a3_3a4965336da543548557d3d12bb89c15~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_3a4965336da543548557d3d12bb89c15~mv2.webp)
- Aug 5
- 2 min
Civil Court's Jurisdiction Remains When the Debts Recovery Tribunal Cannot Effectively Address Remedy
![](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
![High Court affirms the IBBI's decision to suspend the Insolvency Professional's registration for appointing a related firm for excessive fees](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- Aug 5
- 2 min
High Court affirms the IBBI's decision to suspend the Insolvency Professional's registration for appointing a related firm for excessive fees
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![Dismissal of Restoration Application Is Erroneous as It Is Based on Merit Evaluation Rather Than Assessing Cause for Non-Appearance](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- Aug 4
- 3 min
Dismissal of Restoration Application Is Erroneous as It Is Based on Merit Evaluation Rather Than Assessing Cause for Non-Appearance
![Directors Cannot Be Held Vicariously Liable Without Specific Allegations of Their Responsibility for the Company's Business](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- Aug 4
- 2 min
Directors Cannot Be Held Vicariously Liable Without Specific Allegations of Their Responsibility for the Company's Business
![](https://static.wixstatic.com/media/d515a3_431deef0d41a40dfbf57b31880bc8a7c~mv2.jpg/v1/fill/w_242,h_242,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_431deef0d41a40dfbf57b31880bc8a7c~mv2.webp)
![Recovery Actions May Have Severe Consequences for Borrowers; High Court Can Use Article 227 Jurisdiction for Clear Failures by the DRT](https://static.wixstatic.com/media/d515a3_431deef0d41a40dfbf57b31880bc8a7c~mv2.jpg/v1/fill/w_209,h_173,fp_0.50_0.50,q_90,enc_auto/d515a3_431deef0d41a40dfbf57b31880bc8a7c~mv2.webp)
- Aug 3
- 2 min
Recovery Actions May Have Severe Consequences for Borrowers; High Court Can Use Article 227 Jurisdiction for Clear Failures by the DRT
![Supreme Court Issues Contempt Notice to Vishakhapatnam Bar Association for Hindering Debts Recovery Tribunal Proceedings](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- Aug 3
- 2 min
Supreme Court Issues Contempt Notice to Vishakhapatnam Bar Association for Hindering Debts Recovery Tribunal Proceedings
![](https://static.wixstatic.com/media/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.jpg/v1/fill/w_235,h_235,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.webp)
![RBI Provides Update on Withdrawal of ₹2000 Denomination Banknotes](https://static.wixstatic.com/media/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.jpg/v1/fill/w_209,h_168,fp_0.50_0.50,q_90,enc_auto/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.webp)
- Aug 3
- 1 min
RBI Provides Update on Withdrawal of ₹2000 Denomination Banknotes