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May 22, 20232 min read
₹ 2,000 banknotes exclusively be deposited in respective bank accounts: PIL filed in Delhi HC
In a Public Interest Litigation (PIL) filed by BJP leader and Advocate Ashwini Kumar Upadhyay, the Delhi High Court is presented with a...
May 20, 20232 min read
Controversy Erupts: Central Govt's Ordinance Challenges Supreme Court Ruling on Delhi Admn. Services
In a swift response to the Supreme Court's recent judgement granting legislative and executive power over administrative services in...
May 19, 20232 min read
Supreme Court welcomes new Judges: Justice Prashant Kumar Mishra & Advocate KV Viswanathan Sworn In
Justice Prashant Kumar Mishra and senior advocate KV Viswanathan were officially sworn in as Supreme Court judges in New Delhi, India....
May 19, 20232 min read
RBI decides to withdraw ₹ 2,000 denomination banknotes from circulation with immediate effect
The Reserve Bank of India (RBI), on May 19, decided to withdraw ₹2,000 denomination banknotes from circulation. However, the banknotes in...
May 18, 20231 min read
Surprise Cabinet Reshuffle: Arjun Ram Meghwal replaces Kiren Rijiju as Law Minister
In a surprising move, Arjun Ram Meghwal has been appointed as the new Law Minister, replacing Kiren Rijiju, who has been shifted to the...
May 15, 20232 min read
Any OTS Proposal which was submitted if it contains acknowledgement, the limitation will be extended
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson and Barun Mitra,...
May 14, 20234 min read
If the bank refuses to extend credit facilities, the borrower has no option but to clear their dues
The Supreme Court bench comprising Justices Abhay S. Oka and Rajesh Bindal was hearing an appeal on Thursday and held that if the bank...
May 6, 20232 min read
CMM/ DM does not need to adjudicate any dispute between the borrower, secured creditor & 3rd parties
The Bombay High Court bench comprising Justices Nitin Jamdar and Abhay Ahuja was recently hearing a Petition on the SARFAESI proceeding...
May 4, 20236 min read
Aggrieved party has a remedy u/s 17 of the SARFAESI Act against any step taken by the Bank u/s 13(4)
The Supreme Court bench comprising Justices M. R. Shah and C.T. Ravikumar was on Tuesday, hearing an appeal on the SARFAESI proceeding...
Apr 29, 20233 min read
Without there being any demand to the Guarantor, the period of limitation cannot be commenced
As per clauses of the Deed of Guarantee, it is clear that although the Guarantor immediately become liable for any default committed by...
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