Nov 15, 20223 minA genuine dispute which requires further investigation, cannot be subject to a Section 9 proceedingThe National Company Law Appellate Tribunal (NCLAT), New Delhi Bench comprising Justice Ashok Bhushan, Chairperson and Barun Mitra,...
Nov 14, 20224 minDeclaring CoC being in order with aid of OCs, despite absence of sole FC, is a serious contraventionThe Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (Board), noted that the Code has carefully vested...
Nov 14, 20224 minCivil Court has jurisdiction to try a suit filed by a borrower against a bank/ financial institutionThe Supreme Court held that the Civil Court has jurisdiction to try a suit filed by a borrower against a bank or financial institution....
Nov 12, 20221 minRBI announces Premature redemption price for Sovereign Gold Bond Scheme (SGB 2016-17 Series III)In terms of GOI Notification F.No.4(16) - W&M/2016 dated October 20, 2016 (SGB 2016-17 Series III - Issue date November 17, 2016) on...
Nov 12, 20222 minBombay High Court dismisses Chanda Kochhar’s plea against ICICI BankIn a victory for ICICI Bank, the Bombay High Court ruled that ICICI Bank’s retroactive termination of Kochhar is prima facie ‘valid.’ The...