May 27, 20231 minRBI approves the voluntary amalgamation of Maratha Sahakari Bank with The Cosmos Cooperative BankThe Reserve Bank of India has sanctioned the Scheme of Amalgamation of Maratha Sahakari Bank Ltd., Mumbai, Maharashtra with The Cosmos...
May 27, 20233 minSale proceeds from the auction of secured assets cannot be used for Pre-deposit purposesThe Gujarat High Court Single Judge Bench comprising Justice Aniruddha P. Mayee was hearing a petition on SARFAESI Act and held that the...
May 26, 20232 minProvisions of SARFAESI Act bar the jurisdiction of civil court except in cases where claim is absurdThe Bombay High Court (Goa Bench) comprising Justice Bharat P. Deshpande was hearing an Application on SARFAESI Act and held that the...
May 26, 20233 min₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender: RBI₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934 primarily to meet the immediate currency...
May 25, 20231 minDismissal of Application under Section 17 of SARFAESI Act at the Preliminary Stage is unjustifiedThe Division Bench of the Andhra Pradesh High Court comprising Justices A.V. Sesha Sai and Duppala Venkata Ramana was hearing a petition...