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Aug 22, 20241 min read
CBDT Chairman Assures Timely Overhaul of Income Tax Act Amid Successful Faceless Regime Rollout
The Central Board of Direct Taxes (CBDT) Chairman, Ravi Agrawal, has affirmed that the comprehensive review of the Income Tax Act of 1961...
Aug 22, 20242 min read
Supreme Court Seeks Nationwide Reforms for Bar Associations: Nodal Counsel Appointed to Oversee Suggestions and Enhancements
On August 21, 2024, the Supreme Court of India issued a significant directive aimed at reforming the functioning of Bar Associations...
Aug 22, 20242 min read
Government Appoints Nine Additional Judges as Permanent Members of Allahabad High Court
On August 21, 2024, the Government of India issued a significant notification through the Ministry of Law and Justice, confirming the...
Aug 21, 20243 min read
Public sector banks cannot arbitrarily withdraw an accepted One-Time Settlement (OTS) once the agreed amount has been fully paid
The High Court held that a public sector bank cannot arbitrarily withdraw an accepted One-Time Settlement (OTS) once the agreed amount...
Aug 21, 20243 min read
NCLAT Confirms SARFAESI Act Auction of Subsidiary Assets Doesn't Breach IBC Moratorium: Jurisdictional Clarity Affirmed
The NCLAT has affirmed that the auction of a subsidiary's assets under the SARFAESI Act does not violate Section 14(1)(d) of the IBC,...
Aug 21, 20241 min read
RBI Launches Nationwide RBI90Quiz for Undergraduates Students to Mark 90 Years of Service
The Reserve Bank of India (RBI) has introduced the RBI90Quiz, a nationwide quiz competition aimed at undergraduate students, to...
Aug 20, 20242 min read
Once a Bank Accepts Payment Under a Settlement Scheme (OTS), It Cannot Refuse to Release Mortgaged Property Despite Minor Non-Compliance
High Court held that once a bank accepts payment under a settlement scheme (OTS), it cannot refuse to release mortgaged property despite...
Aug 16, 20243 min read
High Court Finds Delays by TransUnion CIBIL Ltd in Updating Borrowers' Credit Ratings Constitute a Breach of Their Fundamental Rights Under Article 21
High Court found Delays by TransUnion CIBIL Ltd. in updating borrowers' credit ratings constitute a breach of their fundamental rights...
Aug 14, 20242 min read
Exploring the Role of Insolvency Professionals: Second Annual Research Workshop on Insolvency and Bankruptcy
The Second Annual Research Workshop  will be held on 1st & 2nd March 2025 at the Indian Institute of Management Ahmedabad (IIMA),...
Aug 14, 20243 min read
Effect of IBC Moratorium on SARFAESI Act Proceedings: Clarifying Jurisdictional Overlap
NCLAT upheld the NCLT’s decision, affirming that the EoI issued by Respondent No.1 did not contravene Section 14(1)(d) of the IBC. The...
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