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Nov 16, 20221 min read
Shri Vivek Joshi, Secretary, Department of Financial Services, nominated on RBI Central Board
The Central Government has nominated Shri Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance, Government of...
Nov 15, 20221 min read
Govt asks to close loss-making Public sector companies by filing insolvency application under IBC
India has asked state-owned firms to consider moving the country's insolvency court to shut loss-making units, hoping for speedier...
Nov 15, 20222 min read
RBI announces "Award scheme for writing books originally in Hindi on Economics, Banking & Financial"
Award scheme for writing books originally in Hindi on Economics/Banking/Financial subjects Year 2021-2022 With a view to encouraging...
Nov 14, 20224 min read
Civil Court has jurisdiction to try a suit filed by a borrower against a bank/ financial institution
The Supreme Court held that the Civil Court has jurisdiction to try a suit filed by a borrower against a bank or financial institution....
Nov 10, 20225 min read
Proceeding in good faith in a forum which is unable to entertain for like nature may save limitation
The Supreme Court Bench comprising Justices Indira Banerjee and J.K. Maheshwari was hearing an interesting issue of limitation in an...
Nov 9, 20221 min read
IBBI rescinds a few circulars issued under section 196 of IBC with immediate effect
The Insolvency and Bankruptcy Board of India (IBBI) had issued a few circulars, from time to time, in the exercise of powers under...
Nov 7, 20221 min read
Appellant is not entitled to get benefit of extending limitation on the basis of date of free copy
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson and Barun Mitra,...
Nov 7, 20221 min read
RBI announces premature redemption price for Sovereign Gold Bond (SGB 2017-18 - Series VI)
GOI Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series VI - Issue date November 06, 2017)---Sovereign Gold...
Nov 7, 20225 min read
NCLAT finds the date when cheques were dishonoured is rightly considered as the date of default
The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson, Dr. Alok Srivastava...
Nov 5, 20228 min read
High Court while exercising the powers under Article 226, cannot direct the bank to reschedule OTS
The Supreme Court Bench comprising Justices M. R. Shah and Krishna Murari, J. was hearing an Appeal on Friday and held that the High...
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