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Aug 14, 20243 min read
Supreme Court Sets Aside High Court Order, Affirms Mandatory Compliance with MSME Restructuring Framework Before NPA Classification
Supreme Court set aside the High Court order and affirmed mandatory compliance with the MSME restructuring framework before NPA...
Aug 11, 20242 min read
Government Introduces Banking Laws (Amendment) Bill 2024: Key Reforms to Enhance Bank Account Flexibility and Governance
On August 9, 2024, the Government introduced the Banking Laws (Amendment) Bill, 2024 in the Lok Sabha, marking a significant overhaul of...
Aug 11, 20242 min read
RBI Proposes Enhanced UPI Limits and New Measures to Strengthen Digital Payments and Lending Ecosystem
The Reserve Bank of India (RBI) has recently unveiled a series of proposals aimed at advancing the Unified Payments Interface (UPI)...
Aug 10, 20243 min read
NCLAT's Interpretation of SARFAESI Act Enforcement and Personal Guarantors' Rights within the Insolvency and Bankruptcy Code
NCLAT Interpreted the SARFAESI Act Enforcement and Personal Guarantors' Rights under the Insolvency and Bankruptcy Code. The National...
Aug 9, 20242 min read
RBI Mandates Fortnightly Reporting of Credit Information: Enhanced Timeliness and Compliance Guidelines Effective January 1, 2025
In line with the Reserve Bank of India’s (RBI) updated guidelines, the frequency of credit information reporting by Credit Institutions...
Aug 7, 20241 min read
Winners Announced for Reserve Bank of India’s Financial Literacy Ideathon 2024
On August 5, 2024, the Reserve Bank of India (RBI) concluded its Financial Literacy Ideathon, a key event in its Financial Literacy Week...
Aug 7, 20242 min read
Supreme Court Asks RBI Whether Banks Should Notify Borrowers of Interest Rate Changes and Provide Annual Loan Statements
Supreme Court asked RBI whether banks should notify borrowers of interest rate changes and provide Annual Loan Statements. The Supreme...
Aug 6, 20242 min read
Following the NCLT's Admission of the Insolvency Application and Cancellation of Auction, the Bid Amount Should Be Refunded to the Successful Bidder
High Court held that following the NCLT's admission of the Insolvency Application and cancellation of the auction, the bid amount should...
Aug 5, 20243 min read
NCLT lacks jurisdiction over insolvency proceedings involving personal guarantees in the context of partnership firms
High Court ruled that the NCLT lacks jurisdiction over insolvency proceedings involving personal guarantees in the context of partnership...
Aug 5, 20242 min read
Civil Court's Jurisdiction Remains When the Debts Recovery Tribunal Cannot Effectively Address Remedy
High Court noted that the civil court's jurisdiction remains when the Debts Recovery Tribunal cannot effectively address remedy. The...
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