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Nov 13, 20243 min read
Supreme Court Affirms Limited Redemption Rights under SARFAESI Act Post-Auction Notice, Reinforcing Auction Finality and Debt Recovery Mechanisms
The Supreme Court held that the borrowers' right to redeem the mortgage is extinguished upon the publication of the auction notice under...
Nov 5, 20243 min read
IBBI and IBA Launch Centralized eBKray Platform to Enhance Transparency and Recovery in IBC Liquidation Auctions
In a transformative step for asset liquidation under the Insolvency and Bankruptcy Code (IBC), the Insolvency and Bankruptcy Board of...
Nov 4, 20242 min read
Supreme Court Mandates Strict Compliance with MSME Revival Framework Before NPA Classification by Banks
The Supreme Court mandated strict compliance with the MSME revival framework by banks before classifying loan accounts as NPAs. The...
Nov 4, 20241 min read
Strict Enforcement of Protections Against NPA Classification and Recovery Actions by Banks: MSME Borrowers Demand
The National MSME Borrowers Association recently emphasized the urgent need for the enforcement of a 2015 Notification that mandates a...
Oct 19, 20242 min read
Engagement of Research Associates in Law at the Insolvency and Bankruptcy Board of India (IBBI) on a Contract Basis
The Insolvency and Bankruptcy Board of India (IBBI), established under the Insolvency and Bankruptcy Code, 2016, has invited applications...
Oct 15, 20242 min read
Central Banking at Crossroads: Navigating Challenges, Innovation, and the Future
In his keynote address at the RBI@90 High-Level Conference held in New Delhi on October 14, 2024, Governor Shaktikanta Das emphasized the...
Oct 11, 20241 min read
The Reserve Bank (RBI) Proposes Beneficiary Name Verification for RTGS and NEFT Transactions
The Central Bank has proposed a significant enhancement to its Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer...
Oct 11, 20241 min read
Byju’s Allegedly Transferred Funds in Violation of U.S. Bankruptcy Rules
Indian edtech company Byju's, already embroiled in legal and financial difficulties, is now facing fresh allegations of fund transfers in...
Sep 25, 20242 min read
NCLAT Affirms Validity of Co-operative Banks' Debt Assignments to Asset Reconstruction Companies Under SARFAESI Act
NCLAT upheld the validity of the assignment of debt by co-operative banks to asset reconstruction companies under the SARFAESI Act. The...
Sep 24, 20242 min read
A legal representative requires explicit client authorization to withdraw an application; any withdrawal without such authority is invalid
A legal representative required explicit client authorization to withdraw an application; any withdrawal made without such authority was...
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