No provision in the IBC for the recovery of funds raised fraudulently by a firm undergoing CIRP
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![No provision in the IBC for the recovery of funds raised fraudulently by a firm undergoing CIRP](https://static.wixstatic.com/media/d515a3_5b4c0bac329b4018b5e2fb733d9787d9~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_5b4c0bac329b4018b5e2fb733d9787d9~mv2.webp)
The Delhi High Court has issued notice on a petition filed by ninety-four financial creditors who claim that the Insolvency and...
![RBI imposes a monetary penalty of ₹27.50 lakh on Dhanlaxmi Bank Ltd, Thrissur, Kerala](https://static.wixstatic.com/media/d515a3_e4a5377487fd49e59dd8bcf3f9c4c895~mv2.png/v1/fill/w_209,h_200,fp_0.50_0.50,q_95,enc_auto/d515a3_e4a5377487fd49e59dd8bcf3f9c4c895~mv2.webp)
- Aug 25, 2021
- 2 min
RBI imposes a monetary penalty of ₹27.50 lakh on Dhanlaxmi Bank Ltd, Thrissur, Kerala
The Reserve Bank of India (RBI) has imposed, by an order dated 23 August 2021, a monetary penalty of ₹27.50 lakh (Rupees Twenty Seven...
![HDFC Bank working to regain credit card market share](https://static.wixstatic.com/media/d515a3_e1cfcc9d06534ba183505f27d8556ed2~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_e1cfcc9d06534ba183505f27d8556ed2~mv2.webp)
- Aug 25, 2021
- 2 min
HDFC Bank working to regain credit card market share
Private sector lender HDFC Bank hopes to regain its market share in the credit card business in the next three to four quarters after the...
![Due to a backlog of bankruptcy cases, India is no longer a viable option for dying businesses](https://static.wixstatic.com/media/d515a3_06f88d109f18475284b5015cfa6c98e1~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_06f88d109f18475284b5015cfa6c98e1~mv2.webp)
- Aug 25, 2021
- 2 min
Due to a backlog of bankruptcy cases, India is no longer a viable option for dying businesses
There are 27 tribunals are being overseen by 29 judges around the country, which are at least 25 judges short of what is required. Many...
![A panel of RBI pushing for the merger of weaker Urban Co-operative banks](https://static.wixstatic.com/media/d515a3_d1d455813ebc48abaa7a17228874eaf0~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_d1d455813ebc48abaa7a17228874eaf0~mv2.webp)
- Aug 25, 2021
- 2 min
A panel of RBI pushing for the merger of weaker Urban Co-operative banks
Weak urban co-operative banks (UCBS) could get a regulatory nudge to explore voluntary mergers or convert into a non-banking society at...
![Streamlining outbound investments](https://static.wixstatic.com/media/d515a3_be33318eeb6f4a47a9516049a4902b65~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_be33318eeb6f4a47a9516049a4902b65~mv2.webp)
- Aug 24, 2021
- 2 min
Streamlining outbound investments
Outbound investments from India. have been traditionally governed by the Foreign Exchange Management (Transfer or Issue of Any Foreign...
![Limits placed on National Company Law Tribunals (NCLTs) by the Supreme Court](https://static.wixstatic.com/media/d515a3_a4cc1dadab204f4da7594f30e701c073~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_a4cc1dadab204f4da7594f30e701c073~mv2.webp)
- Aug 24, 2021
- 2 min
Limits placed on National Company Law Tribunals (NCLTs) by the Supreme Court
What is the role of the Adjudicating Authority (AA) under the IBC? Can the AA go into the merits of the decision of the Committee of...
![Inflation's resurgence has sparked debate regarding monetary policy responses: RBI Governor](https://static.wixstatic.com/media/d515a3_59e23c04089f4a75a2f64d8989690080~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_59e23c04089f4a75a2f64d8989690080~mv2.webp)
- Aug 24, 2021
- 2 min
Inflation's resurgence has sparked debate regarding monetary policy responses: RBI Governor
The rise of inflation in May and June, according to RBI Governor Shaktikanta Das, revived the debate regarding monetary policy response....
![Mukesh Ambani vs. Jeff Bezos fight for Future points to lacunae in India's bankruptcy law](https://static.wixstatic.com/media/d515a3_626be67bcc9e4ed290feb2135c9d58a1~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_626be67bcc9e4ed290feb2135c9d58a1~mv2.webp)
- Aug 24, 2021
- 3 min
Mukesh Ambani vs. Jeff Bezos fight for Future points to lacunae in India's bankruptcy law
A telecom company and a store are shining a light on India's experience with aided corporate death and rebirth. The vision that stares...
![RBI wants you to memorize 16-digit Credit, Debit card numbers, Expiry date, CVV for security purpose](https://static.wixstatic.com/media/d515a3_8295acfee014456db9d62336186b6484~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_8295acfee014456db9d62336186b6484~mv2.webp)
- Aug 24, 2021
- 2 min
RBI wants you to memorize 16-digit Credit, Debit card numbers, Expiry date, CVV for security purpose
The Reserve Bank of India (RBI) is adamant about its amended data storage policy requirements. The RBI has rejected payment gateway...
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