Tags : Discussion Paper, Governance, Commercial Banks
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Calcutta High Court Asks Reserve Bank of India to Act Against Bank of Baroda(17.02.2020)
Calcutta High Court has asked the Reserve Bank of India to consider “appropriate steps” against the Bank of Baroda, including cancelling its banking l.....
Tags : Calcutta High Court, Reserve Bank of India, Bank of Baroda
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RBI Authorises Select Bank Branches to Collect Advance Tax(16.08.2016)
Reserve Bank of India (RBI) has authorised various bank branches, including those of SBI, ICICI, HDFC Bank, PNB and Bank of Baroda, to collect income .....
Tags : Reserve Bank of India, Advance Tax
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Bom. HC: Banks to Show Evidence to Borrowers Before Invoking Circular on Wilful Default(27.03.2024)
Bombay High Court has held that commercial banks need to show the evidence to defaulting borrowers before invoking the master circular on wilful defau.....
Tags : Bombay High Court, Wilful Default, Commercial Banks
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Specified Bank Notes (Cessation of Liabilities) Bill, 2017 Receives President Assent(01.03.2017)
Specified Bank Notes (Cessation of Liabilities) Bill, 2017 that provides for cessation of liabilities on specified bank notes has received assent fr.....
Tags : Specified Bank Notes (Cessation of Liabilities) Bill, 2017
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Supreme Court Issues Notice in Woman's Habeas Corpus Plea to Trace Missing Husband(12.01.2022)
Supreme Court has issued notice to the High Commissioner of Malaysia in a habeas corpus petition filed by a wife seeking to trace her husband who had .....
Tags : Supreme Court, Habeas Corpus Plea to Trace Missing Husband
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Supreme Court: Is Size of Turban Part of Sikh Religion?(06.08.2018)
Supreme Court has sought to know if the topknot/ half or bun turban (patka) can be worn by Sikh athletes with helmets during participation in sporting.....
Tags : Supreme Court, Turban, Sikh
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Bombay HC Grants Bail to Men Charged under Maharashtra Government's Beef Ban Law(26.09.2016)
Bombay HC has granted bail to two brothers who were charged under Maharashtra Government's beef ban law for transporting a young bull and attempting t.....
Tags : Bombay HC, Beef Ban
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Deepak Singhal Takes Over as RBI Executive Director(04.11.2015)
Deepak Singhal has taken over as new Executive Director at the Reserve Bank of India (RBI).
Tags : Reserve Bank of India
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#Major Changes Implementing From Today: RBI’s New Credit and Debit Card Rules(01.10.2020)
Reserve Bank of India (RBI) has issued new guidelines which will become effective from 1st October, 2020 to secure debit and credit cards, whereby car.....
Tags : Reserve Bank of India, Credit and Debit Card Rules
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Inclusion of "India Post Payments Bank Limited" in the Second Schedule of the Reserve Bank of India Act, 1934(03.07.2019)
We advise that the "India Post Payments Bank Limited" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notificatio.....
Tags : Post Payments, Bank, Inclusion
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BANKING - Bombay HC Refuses Interim Relief to Kotak Mahindra Bank on Promoter Stake Issue(13.03.2019)
Bombay High Court has refused to grant any interim relief to Kotak Mahindra Bank on Reserve Bank of India’s direction to dilute promoter shareholding .....
Tags : Bombay High Court, Kotak Mahindra Bank, Reserve Bank of India
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Calcutta HC Issues Notice on Questions Related to Aviation Security of CM Mamata Banerjee(22.03.2022)
Calcutta High Court has sought the Centre's response on questions related to aviation security of West Bengal chief minister Mamata Banerjee. The Cour.....
Tags : Calcutta High Court, Aviation Security of CM Mamata Banerjee
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Reserve Bank of India Removes Charges on NEFT, RTGS Transfers(07.06.2019)
Reserve Bank of India (RBI) has announced that it is waiving off charges that are applied on bank transfers carried out either by National Electronic .....
Tags : Reserve Bank of India, NEFT, RTGS
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Calcutta HC Dismisses Bail Plea by Bangladeshi National(20.04.2020)
Calcutta High Court has denied bail to a Bangladeshi national, who has been in custody for 270 days, arrested under Sections 411 and 414 of the Indian.....
Tags : Calcutta High Court, Bail Plea by Bangladeshi National
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Bombay HC Refuses to Stay Concert by British Rock Band ‘Coldplay’(18.11.2016)
Bombay High Court has refused to stay upcoming concert by British Rock Band ‘Coldplay’, but said Maharashtra Government should take an undertaking fro.....
Tags : Bombay High Court, British Rock Band, Coldplay, Concert
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Allahabad High Court Prohibits Raising of Banners and Posters in Court Premises(12.02.2020)
Allahabad High Court has prohibited the raising of banners and posters in the Court premises, during elections to the High Court Bar Association, keep.....
Tags : Allahabad High Court, Raising of Banners and posters in Court Premises
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Delhi HC Directs SBI to Open FCRA Accounts of NGOs Within 10 Days of Receiving Centre's Approval(24.05.2021)
Delhi High Court has directed the State Bank of India (SBI) to ensure that applications for opening the Foreign Contribution (Regulation) Act, 2010 (F.....
Tags : Delhi High Court, State Bank of India, FCRA Accounts
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SEBI Imposes Fine on Axis Bank for Failure to Make Disclosures(25.03.2022)
Securities and Exchange Board of India has imposed a fine of Rs. 5 lakh on Axis Bank for failing to make requisite disclosures under the merchant bank.....
Tags : Securities and Exchange Board of India, Axis Bank
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Enforcement action in respect of statutory auditors of commercial banks(03.06.2019)
RBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the.....
Tags : Statutory auditors, Commercial banks, Enforcement action
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UAPA Tribunal Upholds Ban PFI And its Affiliates(22.03.2023)
UAPA Tribunal has upheld the ban imposed by the Central Government on the Popular Front of India (PFI) and its affiliated organisations.
Tags : UAPA Tribunal, Ban, PFI
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RBI Grants Approval for First Conversion from Urban Cooperative Bank to Small Finance Bank(07.01.2020)
Reserve Bank of India has granted ‘in-principle’ approval to Saharanpur-based, Shivalik Mercantile Cooperative Bank to convert from an Urban Cooperat.....
Tags : RBI, Small Finance Bank
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RBI Says ‘Banks Can Accept Coloured Notes’ Appeals to Avoid Dirtying Them(10.03.2017)
Reserve Bank of India has clarified that banks can accept colour-stained notes amid messages circulating on WhatsApp that public sector banks have bee.....
Tags : Reserve Bank of India, Coloured Notes
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Supreme Court Upholds RBI Regulations for Export Ban on PPE Kits(07.12.2021)
Supreme Court has upheld the measures adopted by the Reserve Bank of India to implement the ban imposed by the Union Government on the export of Perso.....
Tags : Supreme Court, RBI Regulations for Export Ban on PPE Kits
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NCLAT: Initiation Of CIRP Not A Pre-Requisite To Initiate IRP Against The Personal Guarantor(28.01.2022)
NCLAT has held that initiation of Corporate Insolvency Resolution Process is not a pre-requisite to initiate Insolvency Resolution Process (IRP) again.....
Tags : Insolvency and Bankruptcy Code, NCLAT, Corporate Insolvency Resolution Process
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Supreme Court: Union Government Cannot Freeze Assets of Punjab National Bank in Nirav Scam Case(20.02.2020)
Supreme Court had ordered that the Union Government could not have moved under company law for freezing the assets of ex-Managing Director of Punjab N.....
Tags : Supreme Court, Punjab National Bank, Nirav Scam Case
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Kerala HC Refuses Stay on Kerala Government Notification Banning Online Rummy for Stakes(09.04.2021)
Kerala High Court has refused to interfere with a Kerala Government Notification 'banning online playing of rummy when played for stakes' in plea by t.....
Tags : Kerala High Court, Notification Banning Online Rummy for Stakes
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Karnataka HC Upholds Order Banning Sand Extraction from Rivers During Rainy Seasons(19.05.2021)
Karnataka High Court has upheld the order of the Department of Mines and Geology prohibiting sand extraction from rivers during rainy season, observin.....
Tags : Karnataka High Court, Order Banning Sand Extraction from Rivers
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Madras HC Directs I-T Dept to Attach Bank Accounts of Actor Tadimalla Gautami(24.03.2022)
Madras High Court has directed Income Tax (I-T) department to lift its order attaching six bank accounts of actor Tadimalla Gautami after she pays 25%.....
Tags : Madras High Court, Bank Accounts of Actor Tadimalla Gautami
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Ker HC: Unilateral Action of Bank of Withholding Title Document After Loan is Repaid is Illegal(20.03.2023)
Kerala High Court has held that merely because the property was transferred by the petitioner during the subsistence of the mortgage, Bank is not enti.....
Tags : Kerala High Court, Bank, Loan, Security Documents
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Karnataka HC: Husband's Extra-Marital Partner Not Respondent in Domestic Violence Proceedings(29.06.2021)
Karnataka High Court has held that a wife cannot make the woman with whom her husband is having an illegal relationship as a respondent in the applica.....
Tags : Karnataka High Court, Husband's Extra-Marital Partner
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P&H HC: Even Professional Beggar has Moral & Legal Liability to Maintain His Wife(30.03.2023)
Punjab and Haryana High Court has observed that a husband has got a moral and legal liability to maintain his wife unable to maintain herself, even if.....
Tags : Punjab and Haryana High Court, Maintain, Beggar, Husband
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SC: Practice of Seeking Pre-Deposit of Bank Guarantee for Grant of Bail is Unsustainable(26.04.2023)
Supreme Court has held that the practice whereby pre-condition of furnishing bank guarantee is imposed on the accused by the Trial Court and the High .....
Tags : Supreme Court, Bank Guarantee, Bail, Unsustainable
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Uttarakhand HC to State: Strictly Enforce Construction Ban in Joshimath(16.01.2023)
Uttarakhand High Court has directed State to strictly enforce ban on construction in subsidence-hit Joshimath town in Chamoli district, and asked auth.....
Tags : Uttarakhand High Court, Joshimath, Construction Ban
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ITAT, Mumbai Denies Refund of Foreign Taxes Paid by Bank of India(12.03.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai has denied in a recent order a refund in respect of foreign taxes aggregating to Rs 182.6 crore paid by B.....
Tags : Income Tax Appellate Tribunal, Bank of India
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Kerala High Court: No Need to Interfere With New Rules on Cattle Slaughter Ban(01.06.2017)
Kerala High Court has said that there is no need for it to interfere with new rules proposing ban on cattle slaughter as it doesn't violate the Consti.....
Tags : Kerala High Court, Cattle Slaughter Ban
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Others
Guidelines for selection of MD and CEO in public sector banks approved(20.08.2015)
The guidelines on selection of Managing Directors and Chief Executive Officers in public sector banks, other than the five large public sector banks, .....
Tags : Bank, management, selection, board
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SC: Provide Highest Z+ Security to Ambani & Family Throughout Indian and Abroad(01.03.2023)
Supreme Court has directed Maharashtra Government and Ministry of Home Affairs to ensure Highest Z+ Security Cover provided to Mukesh Ambani and his f.....
Tags : Supreme Court, Mukesh Ambani, Security
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NCLAT Widens Definition of “Dispute” to Resist an Action for Insolvency Under Bankruptcy Code(29.06.2017)
NCLAT has widened definition of 'dispute' u/s 8,9 of Insolvency and Bankruptcy Code to include, apart from existing suits and arbitrations, any other .....
Tags : NCLAT, Insolvency and Bankruptcy Code
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All. HC: It’s an Obligation of Bank Officials to Fully Co-operate in Criminal Investigations(29.04.2024)
Allahabad High Court has observed that bank officials are expected to be law-abiding citizens who are under an obligation of law to cooperate in crimi.....
Tags : Allahabad High Court, Criminal Investigations, Bank Officials
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Bombay HC: No Need to ‘Recall’ Witnesses in Bilkis Bano Gang Rape Case(23.09.2016)
Bombay HC has rejected plea made by defence team to recall two witnesses, including a child witness, then merely 8 years old and a CBI Officer to test.....
Tags : Bombay HC , Bilkis Bano Gang Rape Case
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Annual Conference of Banking Ombudsmen 2017 - July 25, 2017(31.07.2017)
The Annual Conference of Banking Ombudsmen was held at Mumbai on July 25, 2017. Shri S S Mundra, Deputy Governor, Reserve Bank of India (RBI) inaugura.....
Tags : Conference, Banking, Ombudsmen
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Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh 'struck off' companies(05.09.2017)
Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 compan.....
Tags : Bank accounts, Companies, 'Struck off'
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Madras HC Dismisses PIL Seeking Exemption to Fishermen from Using Banned Purse Seine Nets(22.04.2021)
Madras High Court has dismissed a public interest litigation petition, which sought to exempt a section of fishermen from using the banned purse seine.....
Tags : Madras High Court, Use of Banned Purse Seine Nets
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RBI Strikes Down Registration Certificate of Seven NBFCs(18.08.2015)
Reserve Bank of India (RBI) has cancelled certificate of registration of seven Non-Banking Financial Companies (NBFCs) including that of Religare Fina.....
Tags : Reserve Bank of India,NBFCs
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Bank Holiday on Second and Fourth Saturdays from September 1(28.08.2015)
All scheduled and non-scheduled banks - public, private, foreign, cooperative, regional rural and local area banks - will observe public holiday on se.....
Tags : Banking, holiday, saturday
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NCLAT: If Credit Facility Agreement is Unstamped, Petition U/S Section 7 is Maintainable(29.04.2022)
National Company Law Appellate Tribunal has observed that if a credit facility agreement is unstamped, then petition under Section 7 of the Insolvency.....
Tags : National Company Law Appellate Tribunal, credit facility, Section 7, Insolvency and Bankruptcy Code, 2016
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NGT Gives Approval for Construction of India’s Future Largest Dam(16.11.2018)
National Green Tribunal has given its nod to construction of 2,880 MW Dibang Multipurpose Project (DMP) in Lower Dibang Valley district of Arunachal P.....
Tags : NGT, Dibang Multipurpose Project
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Advance against pledge of gold ornaments and jewellery(15.10.2015)
Reserve Bank of India has extended its policy standardising the valuation of gold jewellery presented towards security or collateral to cooperative ba.....
Tags : Valuation, gold, ornaments, jewllery, cooperative bank
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Delhi HC Upholds Extradition of NRI to United States in Bank Fraud Conspiracy Case(10.08.2017)
Delhi High Court has upheld order of extradition of an NRI to United States in a case alleging bank fraud conspiracy.
Tags : Delhi High Court, Bank Fraud Conspiracy
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India signs Financing Loan Agreement with the World Bank for US$ 74 Million for Uttarakhand Workforce Development Project (UKWDP)(18.09.2018)
A Loan Agreement for IBRD Credit of US$74 million equivalent for the Uttarakhand Workforce Development Project (UKWDP) was signed with the World Bank .....
Tags : Loan Agreement, World Bank, Project (UKWDP)
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Permitting non-scheduled payments banks to register as bankers to an issue(03.08.2021)
1. SEBI vide notification dated July 30, 2021, amended the SEBI (Bankers to an Issue) Regulations, 1994 (BTI Regulations) thereby permitting such othe.....
Tags : Non-scheduled payments banks, Registration, Permission
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NCLT Orders Insolvency Proceedings Against Karur KCP Packkagings(30.04.2019)
National Company Law Tribunal (NCLT) has ordered insolvency process against Tamil Nadu-based publicly-listed packaging company Karur KCP Packkagings o.....
Tags : NCLT, KCP Packkagings, Karur Vysya Bank
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Central Government extends ban on LTTE for five years(14.05.2019)
The Central Government has extended the ban on the Liberation Tigers of Tamil Eelam (LTTE) for another five years under sub-sections (1) and (3) of se.....
Tags : LTTE, Ban, Extension
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ITAT, Bangalore: Income of Minor Beneficiaries Can be Clubbed to Income of Parents(19.06.2017)
ITAT, Bangalore has held that income of minor beneficiaries can be clubbed to income of parents under section 64(1)(a) of Income Tax Act, 1961.
Tags : ITAT, Bangalore, Minor, Income
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Bombay High Court Refuses to Lift Ban on DJs, Dolby Speakers in Festivals(17.09.2018)
Bombay High Court has refused to lift the blanket ban on use of DJ and high-volume sound systems during the Ganesh Chaturthi and Navaratri festivals.
Tags : Bombay High Court, Ban on DJ, Ganesh Chaturthi
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Rajya Sabha Passes Insolvency and Bankruptcy Code (Amendment) Bill, 2019(30.07.2019)
Rajya Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2019. This Bill if passed will , ease the process of corporate restructuri.....
Tags : Rajya Sabha, Insolvency and Bankruptcy Code (Amendment) Bill, 2019
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Ker. HC: Translocation of Arikomban Not Answer to Man-Animal Conflicts(04.05.2023)
Kerala High Court in case pertaining to rogue elephant 'Arikomban', observed that lack of proper waste management is a reason for increasing incidents.....
Tags : Kerala High Court, Arikomban, Man-Animal Conflicts
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COMPANY - NCLAT Slams RCom's Lender SBI over Rs. 37,000 Crore Asset Sale(12.03.2019)
National Company Law Appellate Tribunal has slammed lenders of Reliance Communications, State Bank of India, for painting a rosy picture of Anil Amban.....
Tags : NCLAT, State Bank of India, Reliance Communication
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Delhi HC Asks Canara Bank To Pay Rs. 2.62-Lakh Compensation For Wrongful Attachment of Property(26.06.2017)
Delhi High Court has directed bank to compensate petitioner for trauma and humiliation caused due to wrongful attachment of his property because of ba.....
Tags : Delhi High Court, Canara Bank
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Delhi HC: RBI's Intention is to Maintain Status Quo on Account Classification as on March 1(15.04.2020)
Delhi High Court has provided interim relief to an account from being declared a Non Performing Asset by the Punjab & Sind Bank in light of the morato.....
Tags : Delhi High Court, Reserve Bank of India, Status Quo on Account Classification
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Delhi HC Temporarily Restrains 6 PSU Banks from Taking Coercive Action Against Company(29.04.2020)
Delhi High Court has temporarily injuncted 6 Public Sector Units banks from taking any coercive action against Eastman Auto Limited for defaults arisi.....
Tags : Delhi High Court, Coercive Action, PSU Banks
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SEBI Eases Norms on Consolidated Numbers for Banks, Insurance Companies(13.05.2020)
Securities and Exchange Board of India (SEBI) has exempted banks and insurance companies from publishing consolidated financial results for the June q.....
Tags : Securities and Exchange Board of India, Banks, Insurance Companies
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RBI imposes monetary penalty on The Jammu and Kashmir Bank Ltd(14.11.2018)
The Reserve Bank of India (RBI) has imposed, by an order dated November 05, 2018, a monetary penalty of Rs. 30 million on The Jammu and Kashmir Bank L.....
Tags : Penalty, Imposition, Bank
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RBI to issue Rs. 5 Coins to commemorate "Golden Jubilee of Indo-Pak War 1965"(03.09.2015)
The Reserve Bank of India will put into circulation Rs. 5 coins to commemorate the Golden Jubilee of Indo-Pak war 1965. Existing coins in the denomina.....
Tags : Bank, coin, war, commemorate, denomination
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Delhi HC Upholds Validity of Notifications Banning Manufacture & Sale of Chewing Tobacco Products(11.04.2023)
Delhi High Court while upholding notification of State banning manufacture & sale of chewing tobacco products and observed that though scheduled produ.....
Tags : Delhi High Court, COTPA, Notifications, Ban, Chewing Tobacco
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RBI Issues Guidelines for the Gold Monetisation Scheme(23.10.2015)
Reserve Bank of India (RBI) has issued guidelines for the Gold Monetisation Scheme. RBI has issued directions for banks on implementation of the gold .....
Tags : Reserve Bank of India , Gold Monetisation Scheme
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RBI Relaxes Stressed Asset Restructuring Rules for Banks(14.06.2016)
Reserve Bank of India (RBI) has relaxed guidelines for restructuring of large stressed assets by lenders in a move that would allow the banks to more .....
Tags : Reserve Bank of India , Asset Restructuring Rules
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Madras HC Tells TN Election Commission to Videograph Every Stage of Urban Local Body Polls(04.01.2022)
Madras High Court has asked the Tamil Nadu State Election Commission (TNSEC) to videograph the entire election process during the upcoming urban local.....
Tags : Madras High Court, Urban Local Body Polls
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Government ban on crude palm oil imports through Kerala ports in public interest(21.08.2015)
The Supreme Court held that there existed “sufficient public good” in banning the import of crude palm oil through ports in Kerala. The government had.....
Tags : Import ban, validity, constitutionality, palm oil
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SC: Sessions Judge has Power to Issue Process Against Accused in Offences Under IBC, 2016(22.04.2024)
SC while upholding issuance of process by sessions judge in an offence committed under Insolvency and Bankruptcy Code, 2016 (IBC), has observed that S.....
Tags : Supreme Court, Insolvency and Bankruptcy Code, Sessions Judge
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Karnataka HC Directs State to Ensure No Protest Held in Bangalore City Except at Freedom Park(04.03.2022)
Karnataka High Court has directed the state government to forthwith ensure that no protest, meetings, processions, etc. are held in the city of Bengal.....
Tags : Karnataka High Court, No Protest Held in Bangalore City
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Reserve Bank of India Eases Norms for No-Frills Accounts(11.06.2019)
Reserve Bank of India has eased the norms for the Basic Savings Bank Deposit (BSBD) accounts popularly known as no-frills accounts by allowing banks t.....
Tags : Reserve Bank of India, No-Frills Accounts
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SC Stays Uttarakhand HC Order Banning Fatwas(15.03.2023)
Supreme Court has made absolute the interim stay on the Uttarakhand High Court’s order that banned religious outfits and statutory panchayats/local pa.....
Tags : Supreme Court, Fatwas, Ban, Stay
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NGT Bans Use of Music Systems in Sunderbans(23.11.2016)
National Green Tribunal (NGT) has banned use of music systems by tourists in Sunderbans.
Tags : National Green Tribunal, Sunderbans, music systems
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Bombay HC: No Bar on Court Exercising Jurisdiction Even When Application U/S 7 of IBC is Filed(27.04.2022)
Bombay High Court has ruled that since application under Section 7 of the Insolvency and Bankruptcy Code, 2016 is filed, which is pending for consider.....
Tags : Bombay High Court, Section 7, Insolvency and Bankruptcy Code, 2016, Section 11, Arbitration and Conciliation Act, 1996
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Ker. HC: IO Mixes Contraband Found in Separate Packs, Bail Granted to Accused Booked Under NDPS Act(24.06.2024)
Kerala High Court has granted bail to an accused booked under the Narcotic Drugs and Psychotropic Substances, 1985(NDPS) possessing contraband after n.....
Tags : Kerala High Court, NDPS Act, Contraband
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Supreme Court: Any Direction Issued by RBI Derived from Statutory Power is Binding(05.01.2022)
Supreme Court has stated that Reserve Bank of India (RBI) has wide supervisory powers over financial institutions like SIDBI, in furtherance of which,.....
Tags : Supreme Court, Reserve Bank of India, Supervisory Powers
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Supreme Court on Highway Booze Ban: Drivers Shouldn't Be Drunk In Fast Moving Traffic(06.07.2017)
Supreme Court has said that the idea behind its verdict banning sale of liquor along highways was that a driver should not be under influence of liquo.....
Tags : Supreme Court, Highway Liquor Ban
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RBI Hikes Repo Rate by 25 bps to 6.5%(01.08.2018)
Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) has raised repo rate by 25 basis points (bps) to 6.5%.
Tags : Reserve Bank of India, Repo Rate
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Unless there is fraud of beneficiary or irretrievable harm or injury, Courts are not to interfere with encashment of Bank Guarantees(02.09.2016)
Appellant No. 1 a Joint Venture Company formed for specific purpose of constituting, commissioning and operating Kochi-Coimbatore-Erode-Salem LPG Pipe.....
Tags : Bank guarantee, Encashment, Delay, Financial Closure
read»
Bom. HC: Public Sector Banks Not Empowered to Issue Look Out Circulars Against Loan Defaulters(27.04.2024)
Bombay High Court has observed that Public Sector Banks are not authorized to issue look out circulars against loan defaulters. The power exercised by.....
Tags : Bombay High Court, Public Sector Banks, Look Out Circulars, Article 14 of COI, Article 21 of COI
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Equitas Small Finance Bank Limited commences operations(12.09.2016)
The Reserve Bank of India has issued a licence to Equitas Small Finance Bank Limited under Section 22 (1) of the Banking Regulation Act, 1949 to carry.....
Tags : Bank, Equitas Small Finance, Licence
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Delhi HC Dissolves Marriage on Husband Treating Wife as Overseas Wife for Temporary Companionship(05.01.2022)
Delhi High Court has dissolved marriage between a couple on the ground of cruelty, observing that the husband treated the wife as his overseas wife, o.....
Tags : Delhi High Court, Husband Treating Wife as Overseas Wife
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RBI Withdraws Banks' 25% Compensation(28.08.2015)
Reserve Bank of India (RBI) has withdrawn 25 per cent compensation to banks for detecting fake notes.
Tags : Reserve Bank of India,25 per cent compensation
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Del. HC: Property Given by Deceased Husband Can Only be Enjoyed by Hindu Woman Without Income(25.04.2024)
Delhi High Court has observed that a Hindu woman without income only has complete rights to enjoy the property received by her deceased husband. She c.....
Tags : Delhi High Court, Hindu Woman, Deceased Husband, Absolute Right
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Highway Booze Ban: SC Refuses to Stay Denotification of Highways in Punjab(04.07.2017)
Supreme Court has declined to stay Punjab government’s recent declassification of state highways saying 'driving within city is different from outside.....
Tags : Highway Liquor Ban, Supreme Court
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ITAT Bangalore: Expenditure Incurred on Issuance of Debentures is Revenue Expenditure(01.06.2017)
ITAT Bangalore has directed the AO to allow expenditure incurred in relation to issuance of debentures as it constitute revenue expenditure under the .....
Tags : ITAT Bangalore, Revenue Expenditure
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Bombay High Court Denies to Lift Beef Ban During Bakri Eid(22.09.2015)
Bombay HC has rejected to lift beef ban for 3 days, Sept 25-27 during Bakr-Eid, on several petitions filed by Muslim community, observing that grantin.....
Tags : Bombay High Court,Beef ban
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RBI Allows NRIs to Investment in National Pension Schemes(30.10.2015)
Reserve Bank of India (RBI) has allowed Non-Resident Indians (NRIs) to subscribe to pension scheme, which is governed, administered by Pension Fund Re.....
Tags : Reserve Bank of India, Non-Resident Indians, National Pension Schemes
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Del. HC: Bank Customers Have No Way of Contacting Officials Who Send Emails(22.02.2023)
Delhi High Court while expressing concern over computer generated e-mails sent to customers without mention of contact details of officials under whos.....
Tags : Delhi High Court, Bank, Accountability
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Supreme Court Says 'No' to Pleas Seeking Stay on Conviction of IPS Officer in 2002 Bilkis Case(31.05.2017)
Supreme Court has refused to stay conviction of an IPS officer in sensational 2002 Bilkis Bano case.
Tags : Supreme Court, Bilkis Bano
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US Supreme Court Partially Allows President Trump’s Executive Order On Travel Ban(27.06.2017)
United States Supreme Court has partially allowed President Trump’s Travel Ban order that imposes a ban on entry of individuals from six countries nam.....
Tags : United States Supreme Court, Travel Ban
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RBI Cancels Sahara's NBFC Licence for Flouting Know-Your-Customer Norms(15.09.2015)
Reserve Bank of India (RBI) has cancelled licence of Sahara India Financial Corporation Ltd (SIFCL), Sahara group’s Non-Banking Financial Co.(NBFC), e.....
Tags : Reserve Bank of India , Sahara
read»
Delhi High Court Observes that Delhi Fall in Seismic Zone 4, Concerns Disaster(29.10.2015)
Delhi HC while taking note of earthquake, has observed that Delhi fell in Seismic Zone 4, has asked Ministry of Urban Development to explain why it ha.....
Tags : Delhi HC, Centre, Delhi Govt. Ministry of Urban Development
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Delhi High Court: Finance Ministry Dept's Fine on Banks Reversed(09.09.2019)
Delhi High Court has dismissed 15 appeals by the Financial Intelligence Unit of the Finance Ministry against an order of the Appellate Tribunal of th.....
Tags : Delhi High Court, Banks
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NGT Denies to Modify its Order on Ban on 10 Year Old Vehicles(13.08.2015)
National Green Tribunal has refused to modify its order which has banned running of diesel vehicles which are over 10 years old in Delhi-NCR.
Tags : National Green Tribunal,Ban on 10 Year Old Vehicles
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Delhi HC: Not Bank’s Responsibility to Get Real Estate Project Completed(16.03.2023)
Delhi High Court while observing that banks can’t be loaded with responsibility of getting real estate projects completed, has held that it is for the.....
Tags : Delhi High Court, Real Estate, Bank
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National Green Tribunal Lifts Ban on Construction, Entry of Trucks in Delhi-NCR(20.11.2017)
National Green Tribunal has lifted the ban on construction activities in Delhi-NCR after the Central Pollution Control Board and the Delhi Pollution C.....
Tags : National Green Tribunal, Construction, Ban
read»
NCLAT: Territorial Jurisdiction Cannot be Taken Away by Agreement Between Parties(28.04.2022)
National Company Law Appellate Tribunal has observed that the territorial jurisdiction of NCLT to decide a case under the Insolvency and Bankruptcy Co.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, territorial jurisdiction
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RBI Issues Revised Guidelines for FIF(16.10.2015)
Reserve Bank of India (RBI) has issued revised guidelines for scope of activities and objectives of its Financial Inclusion Fund (FIF). The corpus of .....
Tags : Reserve Bank of India, FIF
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Issuance of Rs. 500 bank notes without inset letter, in the Mahatma Gandhi (New Series)(08.12.2016)
The Reserve Bank of India will shortly issue Rs. 500 denomination banknotes in the Mahatma Gandhi (New) Series, without any inset letter, bearing sign.....
Tags : Bank notes, Issuance, Inset Letter
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TRUSTS & SOCIETIES - Gujarat HC Stays Anandiben Patel's Appointment as Trustee of Education Trust(28.03.2019)
Gujarat High Court has stayed an order of the Ahmedabad charity commissioner by which former Chief Minister Anandiben Patel, who is presently the Gove.....
Tags : Gujarat High Court, Anandiben Patel, Palanpur, Banaskantha District
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#Union Budget 2022-2023: Finance Minister Informs on Central Bank Digital Currency(01.02.2022)
Finance Minister has stated that the introduction of a central bank digital currency will give boost to digital economy leading to cheaper currency ma.....
Tags : Union Budget, Finance Minister, Central Bank Digital Currency
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Bombay HC: Goa State Cooperative Bank Ltd. is Not a 'State' Under Article 12(08.03.2021)
Bombay High Court has held that the Goa State Cooperative Bank Ltd. is not a 'State' nor does it fall within the ambit of 'any other authority' for th.....
Tags : Bombay High Court, Goa State Cooperative Bank Ltd.
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RBI Revises Guidelines on Rationalization of Branch Authorization Policy(29.05.2017)
Reserve Bank of India (RBI) has liberalised Branch Authorization Policy and has also widened role of bank boards, making them responsible for complyin.....
Tags : Reserve Bank of India, Branch Authorization Policy
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RBI Clears 11 Payments Banks(20.08.2015)
Reserve Bank of India (RBI) has given 'in principle' clearance to 11 entities to set up 'payments banks'. These entities include department of posts, .....
Tags : Reserve Bank of India, Payments Banks
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Centre Totally Bans Non-Medical Use of Liquid Oxygen(26.04.2021)
Union Ministry of Home Affairs has imposed a total ban on the use of liquid oxygen for non-medical purposes in view of the acute shortage of medical o.....
Tags : Union Ministry of Home Affairs, Ban on Non-Medical Use of Liquid Oxygen
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RBI Shortlists 10 Micro Lenders to Set Up Small Banks(17.09.2015)
RBI has shortlisted 10 micro lenders to set up small banks to advance loans primarily to unbanked, small businesses , farmers, micro industries, small.....
Tags : RBI ,small banks
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RBI Says No Fresh Permission to Foreign Law Firms for Liaison Office(30.10.2015)
Reserve Bank of India (RBI) has said it would not grant fresh or renewed permission to any foreign law firm to open a liaison office in the country.
Tags : Reserve Bank of India, Foreign Law Firms
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SAT Sets Aside Rs 3 Lakh Penalty on Central Bank of India(10.09.2019)
Securities Appellate Tribunal (SAT) has set aside a penalty of Rs 3 lakh levied by markets regulator Securities and Exchange Board of India(SEBI) on C.....
Tags : SAT, Central Bank of India
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Supreme Court Rejects Plea for Nationwide Liquor Ban(30.09.2016)
Supreme Court has dismissed Bharatiya Janata Party leader Ashwani Upadhaya’s plea, seeking a complete ban on liquor across the nation.
Tags : Supreme Court, Liquor Ban
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Ker HC: Min. of Animal Husbandry to Consider Objections to Ban on ‘Dangerous & Ferocious’ Dog Breeds(12.06.2024)
Kerala High Court has directed the Ministry of Fisheries and Animal Husbandry to consider the objections that have been submitted while considering a .....
Tags : Kerala High Court, Animal Husbandry, Dog Breeds
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RBI signs MoU on "Supervisory Cooperation and Exchange of Supervisory Information" with the Central Bank of UAE(19.10.2015)
Reserve Bank of India signed a Memorandum of Understanding with the Central Bank of UAE. The agreement is hoped to increase supervisory co-operation b.....
Tags : Rbi, central bank, uae, cooperation
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First Time Dispute in Reply of Demand Notice Doesn't Constitute Pre Existing Dispute Under IBC: NCLAT(30.11.2018)
National Company Law Appellate Tribunal has held that a dispute raised for the first time in reply to demand notice or in response to Adjudicating Aut.....
Tags : NCLAT, Insolvency and Bankruptcy Code
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Allahabad HC Asks UP Govt to Reconsider Ban Imposed by Fee Hike in Private Schools(17.03.2022)
Allahabad High Court has asked the Uttar Pradesh Government to reconsider the ban imposed by it on fee hike in private schools. The Court has ordered .....
Tags : Allahabad High Court, Ban Imposed by Fee Hike in Private Schools
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IBC Will Override Provisions of Other Enactments Inconsistent With It : Supreme Court(16.08.2018)
Supreme Court has observed that Insolvency and Bankruptcy Code (IBC) will override anything inconsistent contained in any other enactment, including t.....
Tags : Supreme Court, Insolvency, Bankruptcy
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Rajasthan HC: Condition to Submit Bank Guarantee Against Annual Fees as Illegal(01.06.2021)
Rajasthan High Court has held that the condition imposed by private medical institutions requiring students seeking admission to MBBS Course to submit.....
Tags : Rajasthan High Court, Bank Guarantee Against Annual Fees
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Karnataka HC Dismisses PIL Seeking Ban on Tobacco Products(16.11.2016)
Karnataka High Court has asked Cancer Patients Aid Association (CPAA) to approach State in event of any problem rising in implementation of order date.....
Tags : Karnataka High Court, Cancer Patients Aid Association, Tobacco Products, Ban
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NCLAT: Article 1 of Limitation Act,1963 not Apply to Proceedings Under IB Code, 2016(26.05.2022)
National Company Law Appellate Tribunal (NCLAT) Principal Bench has held that the Article 1 of Limitation Act, 1963 is not applicable to the Petition .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, Limitation
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Bombay HC Asks Maharashtra Government on Ban of Cast, Crew Over 65 Years(22.07.2020)
Bombay High Court has asked the Maharashtra Government the basis for the rule to not allow cast and crew above the age of 65 on film and television sh.....
Tags : Bombay High Court, Ban of Cast, Crew Over 65 Years
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Bombay HC Quashes Special Court's Land Probe Order Against Maharashtra CS(23.04.2019)
Bombay High Court, in a relief to Maharashtra chief secretary U P S Madan, has quashed and set aside a special court order directing state Anti-Corrup.....
Tags : Bombay High Court, Drive-in Theatre, Bandra-Kurla Complex
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Supreme Court: No Re-Election in Uncontested Panchayat Seats in WB(24.08.2018)
In a relief for Mamata Banerjee, Supreme Court has turned down the pleas of CPI(M) and BJP seeking cancellation of elections on uncontested local body.....
Tags : Supreme Court, Mamata Banerjee, West Bengal
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#Highway Booze Ban: Supreme Court Says 'No Need to Clarify Order'(11.08.2017)
Supreme Court has said that there was no need to further clarify its order on prohibiting liquor vends within 500 metre of National and State Highways.....
Tags : Supreme Court, Highway Booze Ban
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Delhi High Court Admits PIL Against Cigarette Sale, Smoking on its Premises(04.11.2015)
Delhi High Court has admitted a PIL seeking ban on smoking in court complex and removal of all shops selling tobacco and cigarette there citing its il.....
Tags : Delhi High Court, ban on smoking
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MP HC Imposes Rs. 2 Lakh Exemplary Cost on SBI for 'Inhuman Approach'(29.07.2021)
Madhya Pradesh High Court has imposed exemplary cost of Rs. 2 lakhs on the State Bank of India (SBI) for adopting a very 'inhuman approach' while deal.....
Tags : Madhya Pradesh High Court, Cost on State Bank of India
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RBI Proposes Penalties for Banks Failing to Replenish Bank ATMs Within Time(11.08.2021)
Reserve Bank of India (RBI) has proposed penalties for banks and White Label ATM operators if their ATMs are found to be lying without replenishment f.....
Tags : Reserve Bank of India, Penalties for Banks Failing to Replenish Bank ATMs
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Federal Court of Appeals Upholds Block on Trump's Travel Ban(29.05.2017)
Virginia-based 4th Circuit Court of Appeals has upheld a lower Court ruling against President Donald Trump’s revised executive order banning entry to .....
Tags : Federal Court of Appeals, Trump's Travel Ban
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Conduct of Government Business by Agency Banks - Payment of Agency Commission(13.08.2015)
The Reserve Bank of India issued a clarification on activities that do not come under the purview of agency bank business and are not eligible for pa.....
Tags : agency commission, government business, banks
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NGT Seeks Centre’s Submission on Banning of Plastic Packaging of Food and Drugs(31.08.2015)
National Green Tribunal (NGT) has directed Centre and various stakeholders to file their submissions on a proposal that there should be a complete pro.....
Tags : National Green Tribunal,Banning of Plastic,Centre
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NCLAT: Resolution Professional Can Submit An Additional Report Under Section 99 I&B Code(29.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional can submit an additional report under Section 99 of the Insolven.....
Tags : National Company Law Appellate Tribunal, Section 99, Insolvency & Bankruptcy Code, 2016
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NGT Forms Committee to Check Pollution in Delhi During Functions at Banquets, Hotels(14.11.2018)
National Green Tribunal has formed a committee to stop activities that lead to degradation of the environment due to functions at banquet halls, farmh.....
Tags : NGT, Banquets
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SC Refuses Urgent Listing for Plea Against Firecrackers Ban in Delhi-NCR(13.10.2022)
Supreme Court while refusing to grant urgent listing for matter pertaining to bursting of green crackers on Diwali, has stated that the matter shall b.....
Tags : Supreme Court, Urgent Listing, Firecracker Ban
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P&H HC: Husband Not Entitled to Retain Dowry Items After Convicted for Murdering Wife(21.12.2022)
Punjab and Haryana High Court has held that a husband convicted for murdering his wife shall not be entitled to claim ownership over the dowry items r.....
Tags : Punjab and Haryana High Court, Husband, Dowry, Murder
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ITAT, Mumbai: Interest on Investments in Co-operative Bank Eligible for Deduction(24.02.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest income earned by a co-operative society on its investments held with a co-oper.....
Tags : Income Tax Appellate Tribunal, Interest on Investments in Co-operative Bank
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Gujarat HC Issues Notice on PIL Seeking Direction on Ban on Use of Loudspeakers(16.02.2022)
Gujarat High Court has issued notice to the Gujarat Government on a Public Interest Litigation (PIL) plea seeking a direction to the state government .....
Tags : Gujarat High Court, Ban on Use of Loudspeakers
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SC Notices RBI, FM Over Plea For Exchange of Old Notes Found in Dead Parents’ Bank Locker(24.07.2017)
Supreme Court has issued notice to RBI and Finance Ministry on a fresh plea seeking permission to deposit Rs 60 lakh in old notes which were lying in .....
Tags : Supreme Court, Demonetised Notes, Reserve Bank of India
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INSOLVENCY - NCLT Admits ICICI Bank's Insolvency Plea Against Punj Lloyd(11.03.2019)
National Company Law Tribunal (NCLT) has admitted an insolvency plea against Punj Lloyd filed by ICICI Bank Ltd. for a default of Rs. 853.83 crore.
Tags : NCLT, Punj Lloyd, ICICI Bank
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Provisioning on interbank exposure of Primary (Urban) Co-operative Banks (UCBs) under All Inclusive Directions(20.04.2020)
1. As you are aware, the imposition of All-inclusive Directions (AID) on an Urban Co-operative Bank (UCB), inter alia, restricts the bank from dischar.....
Tags : Provisioning, interbank exposure, UCBs
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Allahabad HC Stays Announcement of Urban Local Body Polls Dates(13.12.2022)
Allahabad High Court has restrained State Election Commission from announcing Urban Local Body Elections notification and asked the State if the "trip.....
Tags : Allahabad High Court, Urban Local Body Elections, Triple Test, OBC
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IBBI Notifies Inspection And Investigation Regulations(19.06.2017)
Insolvency and Bankruptcy Board of India has notified Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 which .....
Tags : Inspection And Investigation Regulations, Insolvency and Bankruptcy Board of India
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Permission to Construct Casting Yard at Juhu Beach Illegal: Bombay HC(29.04.2019)
Bombay High Court has held that permission granted by Maharashtra Coastal Zone Management Authority (MCZMA) to construct a casting yard for Versova-Ba.....
Tags : Bombay High Court, Versova-Bandra Sea Link Project at Juhu beach
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Bandipora Rape Case: Jammu and Kashmir High Court Directs IGP to File Status Report by Friday(15.05.2019)
J & K HC took suo moto cognizance of the Bandipora rape case of a three-year-old girl and directed IG of Police (Kashmir zone) to file a status report.....
Tags : Jammu and Kashmir, Bandipora
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Supreme Court Dismisses Appeals of 4 cops, 2 doctors in Bilkis Bano Case(11.07.2017)
Supreme Court has dismissed appeals of two doctors and four policemen including an IPS officer challenging their conviction by Bombay High Court in th.....
Tags : Supreme Court, Bilkis Bano Case
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CESTAT Bangalore: Restoration and Painting of Cylinders not subject to Tax as ‘Maintenance and Repair(10.09.2018)
Bangalore bench of CESTAT has held that activity of restoration and painting of cylinders is not subject to Service Tax under the head ‘Maintenance a.....
Tags : CESTAT Bangalore. Painting of Cylinders
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Delhi HC to JNU: Don't Take Action against Umar, Anirban for A Week(06.09.2016)
Delhi HC has directed JNU to not to implement for a week order passed by its appellate authority holding some students including Umar Khalid and Anirb.....
Tags : Delhi HC , JNU , Umar Khalid , Anirban Bhattacharya
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Bombay High Court Stays Ban on Sale of Meat in Mumbai on September 17(14.09.2015)
Bombay High Court on petition challenging ban imposed in name of Jain community's 'Paryushan' fasting period, has stayed ban on sale of meat in Mumbai.....
Tags : Bombay High Court,Paryushan,Ban on Sale of Meat
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Bank Scam: Supreme Court Refuses to Stop Probe Against Ajit Pawar and Seventy Others(02.09.2019)
Supreme Court has refused to interfere with the Bombay High Court's direction for the police to register an FIR against NCP leader Ajit Pawar and over.....
Tags : Supreme Court, Bank Scam
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RBI Junks Govt.’s Proposal for 100% FDI in Banks(26.10.2015)
Reserve Bank of India (RBI) has junked proposal from Government to allow up to 100% Foreign Direct Investment (FDI) in banks, which may come as a damp.....
Tags : RBI , 100% FDI in Banks
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It’s Neglect on Part of Husband to Maintain Wife if She Leaves Him due to Assault: Bombay HC(22.11.2018)
Bombay High Court has observed that if due to physical assault or unbearable mental harassment wife is compelled to leave house of husband, then it's .....
Tags : Bombay High Court, Neglect on Part of Husband to Maintain Wife
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NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution(16.05.2022)
National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
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J & K High Court Orders Social Media Platforms to Delete Posts Identifying Bandipora Rape Victim(20.05.2019)
Jammu and Kashmir High Court has ordered Youtube, Facebook and Twitter to remove all posts from their platforms which disclosed the identity of a thre.....
Tags : J & K High Court, Bandipora, Social Media
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Highway Booze Ban: SC Exempts Arunachal Pradesh, Andaman-Nicobar Islands(13.07.2017)
Supreme Court has relaxed 500-metre cap on liquor vends across the national and state highways in
Arunachal Pradesh and Andaman and Nicobar Islands.
Tags : Supreme Court, Highway Liquor Ban
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Madhya Pradesh High Court Upholds Total Prohibition of Plastic Carry Bags in State(17.09.2018)
MP HC has dismissed writ petitions challenging the total prohibition brought vide Madhya Pradesh Jaiv Anaashya Apashishta (Niyantran) Sanshodhan Adhin.....
Tags : Madras High Court, Plastic Bags Ban
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Madras High Court Asks AIADMK to Remove Illegal MGR Banners from Chennai(01.10.2018)
Madras High Court has directed removal of all unauthorised banners erected across the city in connection with the valedictory function of the centenar.....
Tags : Madras High Court, MGR Banners
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SC Stays Tripura HC Order Calling for MHA Files on Security Cover to Ambani Family(29.06.2022)
Supreme Court has stayed the orders passed by the Tripura High Court seeking the production of files of the Ministry of Home Affairs relating to the s.....
Tags : Supreme Court, MHA Files, Security, Mukesh Ambani
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RBI Revises Norms for 'When issued' Security(11.12.2015)
Reserve Bank of India (RBI) in order to encourage trading in ‘When Issued’ transactions in government securities, has allowed banks to take short posi.....
Tags : Reserve Bank of India , ‘When Issued’ transactions
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Electoral Bonds Data Uploaded on Election Commission of India’s Website(15.03.2024)
The Election Commission of India has uploaded on its website data related to electoral bonds that was supplied by the State Bank of India.
Tags : Election Commission of India, Electoral Bonds, State Bank of India
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Madras High Court Allows Plastic Ban in Tamil Nadu(12.07.2019)
Madras High Court while rejecting a batch of 37 litigations by different plastic bag and paper cup manufacturers has urged the State Government of Tam.....
Tags : Madras High Court, Plastic Ban
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NCLAT: CIRP Against Real Estate Company to Affect the Only Project Concerned(13.02.2020)
National Company Law Appellate Tribunal has held that an insolvency process against a real estate company will impact only the project concerned and n.....
Tags : National Company Law Appellate Tribunal, Appointment of Ex- Bankers
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Kerala HC Upholds Telecast Ban on MediaOne Channel, Dismisses Appeal Against Judgment(02.03.2022)
Kerala High Court has dismissed the appeal moved by Malayalam news channel MediaOne against the single judge order upholding the recent ban imposed on.....
Tags : Kerala High Court, Ban on MediaOne Channel
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Reserve Bank of India Revises Stressed Asset Norms(10.06.2019)
Reserve Bank of India (RBI) has issued a new prudential framework for resolution of stressed assets, effectively replacing its 12 February 2018 circul.....
Tags : Reserve Bank of India, Stressed Asset
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SC: Before Classifying A/Cs as Fraud, Banks Must Give Borrowers Opportunity of Hearing(27.03.2023)
Supreme Court has held that principles of audi alteram partem, howsoever short, have to be applied before declaring a party as 'a fraudulent borrower'.....
Tags : Supreme Court, Audi Alteram Partem, Fraud, Bank
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BANKING - SC Stays Bombay HC Order Directing Federal Bank to Pay Rs. 4 cr to Harshad Mehta's Wife(12.03.2019)
Supreme Court has stayed order of Bombay High Court that directed Federal Bank to pay Rs. 4 crore with 18 per cent interest from 1992 to the wife of l.....
Tags : Supreme Court, Federal Bank, Harshad Mehta
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RBI Opens Rs 50kcr Flexible Liquidity Window to Aid MFs(28.04.2020)
Reserve Bank of India (RBI) has opened a Rs 50,000 Crores flexible liquidity window to help mutual funds cope with redemption pressure, tempering inve.....
Tags : Reserve Bank of India, Liquidity Window
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Punjab Assembly Amends Definition Of ‘Sale’ And ‘Supply’ Of Liquor To Circumvent SC Order(26.06.2017)
Punjab Assembly has passed Punjab Excise (Amendment) Bill, 2017 to allow sale of liquor at hotels, clubs and restaurants, located within 500 metres of.....
Tags : Punjab Assembly, Highway liquor ban
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Delhi HC Allows Interim Reoccupation to Debtor of Property Securitized by Bank(13.04.2020)
Delhi High Court has allowed a family to reoccupy a floor of the property, which was securitized by IIFL Home Finance Limited under Section 14 of Secu.....
Tags : Delhi High Court, Reoccupation to Debtor of Property Securitized by Bank
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SARFAESI Act is applicable to Cooperative Banks(05.05.2020)
In present case, the question relates to the scope of the legislative field covered by Entry 45 of List I viz. ‘Banking’ and Entry 32 of List II of th.....
Tags : SARFAESI Act, Co-operative banks, Applicability
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Delhi HC Dismisses Plea Seeking a Ban on Burqas(15.11.2016)
Delhi High Court has refused to entertain a PIL seeking a ban on burqas and other face veils in public places due to security threat to National Capit.....
Tags : Delhi High Court, Ban, Burqas
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NCLAT Upholds Dismissal of Petition Filed During Prohibited Period(24.05.2022)
National Company Law Appellate Tribunal while adjudicating an appeal has upheld that Corporate Insolvency Resolution Process cannot be initiated over .....
Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process, Insolvency and Bankruptcy
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Card-on-File Tokenisation (CoFT) - Enabling Tokenisation through Card Issuing Banks(20.12.2023)
1. The card tokenisation services are being currently provided by card issuers and card networks in terms of Reserve Bank of India circulars DPSS.CO.P.....
Tags : CoFT, Tokenisation, Banks
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RBI Issues New Guidelines Over Private Bank CEO Remuneration(05.11.2019)
Reserve Bank of India has told private banks to raise the variable portion of remuneration to at least half of the total for their chief executives a.....
Tags : RBI, Private Bank CEO
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Sectoral Deployment of Bank Credit - September 2023(31.10.2023)
Data on sectoral deployment of bank credit for the month of September 20231 collected from 40 select scheduled commercial banks, accounting for about .....
Tags : Sectoral Deployment, Bank Credit
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Supreme Court: Insolvency And Bankruptcy Code is Not for Money Recovery Proceedings(28.04.2022)
Supreme Court has reiterated that the provisions of Insolvency and Bankruptcy Code, 2016 are basically intended to bring the corporate debtor to its f.....
Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016
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J&K High Court Disposes off Beef Ban Petition(16.10.2015)
Jammu and Kashmir High Court has vacated Jammu Division Bench order on beef ban and also disposed off petition seeking revocation of 1864 law regardin.....
Tags : Jammu and Kashmir High Court, Beef Ban
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Award for outstanding writings in the field of Banking Hindi(16.10.2017)
With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched an 'Award scheme for outstanding writings.....
Tags : Outstanding writings, Banking Hindi, Award
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NCLAT: NCLT Doesn't Have Power to Classify Transaction As Preferential Transaction(16.05.2022)
National Company Law Appellate Law Tribunal, has observed that NCLT does not have the power to suo-moto classify a transaction as a Preferential Trans.....
Tags : National Company Law Appellate Law Tribunal, Section 44, Insolvency and Bankruptcy Code, 2016, Preferential Transaction
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Kerala High Court Upholds Ordinances Merging District Cooperative Banks(29.04.2021)
Kerala High Court has upheld Ordinances amending the Kerala Cooperative Society Act, 1969 to merge District Cooperative Banks in the state with the Ke.....
Tags : Kerala High Court, Ordinances Merging District Cooperative Banks
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Bombay HC Directs RBI to Issue Payment of Salaries of Aided School Teachers(06.12.2016)
Bombay High Court has asked RBI to consider issue of payment of salaries to aided school teachers since it is disbursed through District Cooperative B.....
Tags : Bombay HC, District Cooperative Banks, salaries
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RBI: No Foreign Exchange Act Action against Declarant for Disclosure Under Black Money Window(01.10.2015)
Reserve Bank of India (RBI) has said no action under FEMA will be taken against declarations under one-time black money compliance window. RBI has alr.....
Tags : Reserve Bank of India ,FEMA ,black money compliance window
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Delhi HC Issues Restraining Orders on Bank Strike(12.07.2016)
Delhi HC has issued interim orders restraining staff and officers associations from going on strike against proposed merger of associate banks with St.....
Tags : Delhi HC, State Bank of India
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Bombay HC Rejects Intervention Application of Godhra Riots Survivor(27.10.2016)
Bombay High Court while rejecting Intervention Application (IA) filed by Bilkis Bano, survivor of a gang-rape and witness to murder of her family, in .....
Tags : Bombay High Court, Intervention Application, Bilkis Bano, Godhra riots
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Insolvency and Bankruptcy Code Kicks In With Effect From Today(01.12.2016)
Insolvency and Bankruptcy Code which aims to help quicker resolution of cases and unlock value of assets has become operational from today.
Tags : Insolvency and Bankruptcy Code
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Notification regarding specified bank to mean a banking company which is a scheduled bank and has been appointed as an agent under Section 45 of Reserve Bank of India Act, 1934(02.09.2021)
In exercise of the powers conferred by clause (a) of Explanation to section 194P of the Income-tax Act, 1961 (43 of 1961), the Central Government here.....
Tags : Specified bank, Banking company, Notification
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SC Upholds Rajasthan HC Order Dismissing PIL Seeking Ban on ‘Dream 11’ Game(05.08.2021)
Supreme Court has upheld a Rajasthan High Court order dismissing a Public Interest Litigation that sought ban of online game known as "Dream 11".
Tags : Supreme Court, Ban on ‘Dream 11’ Game
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CBIC Allows Export of Goods from Bangladesh to India by Rail in Closed Containers(20.05.2022)
Central Board of Indirect Taxes and Customs has allowed the export of goods from Bangladesh to India by rail in closed containers. The carrier will be.....
Tags : CBIC, Export, Indian Railway, Bangladesh
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DGFT: Importer Not Required to Furnish Quarterly Returns for Import of Water-Mark Bank Note Paper(14.07.2021)
Director-General of Foreign Trade (DGFT) has notified that the importer is no longer required to furnish quarterly returns for import of Water-mark Ba.....
Tags : Director General of Foreign Trade, Import of Water-Mark Bank Note Paper
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Supreme Court: Hijab Ban Imposed by Mumbai Private College Stayed(12.08.2024)
Supreme Court has stayed the ban imposed by a private college in Mumbai on wearing of hijab, cap or badges by students on campus.
Tags : Supreme Court, Private College, Hijab Ban
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SC Asks Wife to Seek Financial Assistance for Husband’s Surgery Under National Policy(17.08.2021)
Supreme Court has asked a wife seeking financial assistance for her husband's lung transplant to make a representation under the National Policy formu.....
Tags : Supreme Court, Financial Assistance for Husband’s Surgery
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Bilkis Bano Case:Apex Court Directs Gujarat Govt to Pay Compensation and Provide Job Within Two Weeks(30.09.2019)
Apex Court has directed Gujarat Government to pay compensation and provide job to Bilkis Bano within two weeks. The Court had awarded a compensation o.....
Tags : Apex Court, Bilkis Bano Case
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SC Stays Madras HC Order That Set Aside Notification Banning Sale of Chewing Tobacco in Tamil Nadu(26.04.2023)
Supreme Court has stayed the Madras High Court’s order setting aside notification imposing a ban on sale of Gutka, Pan Masala, flavoured or scented fo.....
Tags : Supreme Court, Chewing Tobacco, Ban, Sale
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Calcutta HC Directs Rahul Shivshankar in Probe Over 'Defamatory' Audiotape on Abhishek Banerjee(29.06.2021)
Calcutta High Court has directed Times Now news channel's Editor-in-Chief, Rahul Shivshankar to appear through Video Conferencing mode in probe over t.....
Tags : Calcutta High Court, 'Defamatory' Audiotape on Abhishek Banerjee
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JKL HC: No Fresh Construction Activities in Sonamarg(30.03.2023)
Jammu and Kashmir and Ladakh High Court while noting that its earlier clarification order with respect to renovation and repairs was being misconstrue.....
Tags : Jammu and Kashmir and Ladakh High Court, Sonamarg, Blanket Ban, Construction
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Gujarat HC Seeks RBI’s Response over its Power to Ban DCCB Transactions & Restricts Withdrawal Limits(06.12.2016)
Gujarat High Court has asked Reserve Bank of India (RBI) whether it has powers to ban transactions at District Central Cooperative Banks (DCCB) or res.....
Tags : Gujarat High Court, demonetization, Co-Operative Banks
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NGT Serves Notice to Centre over Plea Seeking Cattle Slaughter Ban(01.10.2015)
National Green Tribunal (NGT) has served a notice to Centre looking for its response to plea demanding nationwide ban on slaughter of indigenous cattl.....
Tags : National Green Tribunal ,Cattle Slaughter Ban
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RBI relaxes LTD guidelines for co-operative banks(07.07.2016)
The Reserve Bank of India relaxed guidelines for raising and redeeming Long Term (Subordinated Deposits by co-operative banks, replacing them instead .....
Tags : long term deposit, cooperative bank, disclosure
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Causing Loss of Rs. 38K, Bank Peon’s Conviction Upheld by SC After 24 Years(04.10.2018)
Supreme Court has upheld the conviction of bank’s peon after 24 Years, who doubled as cash clerk due to shortage of staff, for corruption and causing .....
Tags : Supreme Court, Bank Peon
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US Supreme Court Allows Full Enforcement of Trump Travel Ban(05.12.2017)
US Supreme Court has allowed President Donald Trump's travel ban to take full effect pending appeal, for people coming from six Muslim-majority countr.....
Tags : US Supreme Court, Travel Ban
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SC: Can’t Prosecute Directors to DBS Bank for Acts of Lakshmi Vilas Bank Before Amalgamation(12.09.2023)
Supreme Court has held that DBS Bank and its directors cannot be held criminally liable for actions attributed to directors of Lakshmi Vilas Bank befo.....
Tags : Supreme Court, DBS Bank, Lakshmi Vilas Bank, Amalgamation, Criminal Liability
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Supreme Court Seeks Centre and State Government’s Reply on Plea to Regulate Blood Banks(04.02.2020)
Supreme Court has sought response from Centre and all the State Governments on a plea seeking direction to strengthen and regulate blood banks and blo.....
Tags : Supreme Court, Blood Banks
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Supreme Court Sets Aside Calcutta HC's Total Ban of Firecrackers in West Bengal(02.11.2021)
Supreme Court has set aside the order of the Calcutta High Court which imposed a complete ban of use of firecrackers in the State of West Bengal.
Tags : Supreme Court, Total Ban of Firecrackers in West Bengal
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Madras HC Directs State to Ensure IIT Campus Does Not Become Dumping Ground for Abandoned Dogs(20.09.2021)
Madras High Court has directed the State of Tamil Nadu to ensure that IIT Madras Campus does not become a dumping ground for abandoned dogs and to tak.....
Tags : Madras High Court, Dumping Ground for Abandoned Dogs
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SC Stays Patna High Court Order Quashing Liquor Ban in Bihar(07.10.2016)
Supreme Court has stayed Patna High Court order quashing the notification banning consumption and sale of liquor in the state.
Tags : Supreme Court, Patna High Court, liquor ban
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RBI Imposes Penalty on Equitas for Selling MF, Insurance Products Without Approval(09.03.2018)
Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on Equitas Small Finance Bank for distributing mutual fund (MF), insurance and wealth .....
Tags : Reserve Bank of India, Equitas Small Finance Bank
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Delhi HC Stays Bank Guarantees' Invocation(21.04.2020)
Delhi High Court has passed an interim order restraining the invocation of bank guarantees, observing that the lockdown was prima facie in the nature .....
Tags : Delhi High Court, Bank Guarantees
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Cabinet approves Interest Subvention to banks on Short-Term crop loan to farmers(14.06.2017)
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18......
Tags : Approval, Interest Subvention, Banks
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Manager of Nationalized Bank Though a Public Servant Can't Claim Protection U/S 197 CrPC: SC(01.05.2019)
Supreme Court has observed that a public servant working in a nationalized bank cannot claim benefit of Sanction under Section 197 of the Criminal Pro.....
Tags : Supreme Court, Nationalized Bank, Section197 CrPC
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NCLT Directs Bandhan Bank to Seek Shareholders’ Nod(24.06.2019)
National Company Law Tribunal (NCLT) has directed Bandhan Bank to convene a meeting of its equity shareholders to approve the proposed merger with Gr.....
Tags : NCLT, Bandhan Bank
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RBI Stop to Barter Trade on Indo-Myanmar Border(06.11.2015)
Reserve Bank of India (RBI) has decided to officially stop barter system, which is trading of goods without exchange of money, at Indo-Myanmar border......
Tags : Reserve Bank of India , Barter Trade , Indo-Myanmar Border
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Delhi HC Directs to Depute Lady Constable to Escort Wife Detained by Parents to Husband(03.08.2021)
Delhi High Court has directed the Uttar Pradesh Police to depute a lady constable, in a habeas corpus petition filed on behalf of a husband alleging t.....
Tags : Delhi High Court, Escort Wife to Husband
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U.S. Supreme Court Wipes Out Travel Ban Appeal(25.10.2017)
U.S. Supreme Court has dismissed the last remaining appeal in a pair of cases challenging President Trump’s executive order, issued in March, that sou.....
Tags : U.S. Supreme Court , Travel Ban
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NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution(16.05.2022)
National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
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Supreme Court: Insolvency and Bankruptcy Code Prevails Over State Laws(04.09.2017)
Supreme Court has ruled that the Insolvency and Bankruptcy Code, 2016 (Code), being a central statute, will prevail over the state laws that are repug.....
Tags : Supreme Court, Insolvency and Bankruptcy Code
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NCLAT: No Bar in Pendency of Execution Proceedings u/s 9 IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the pendency of an execution petition does not bar the operational creditor from filing a pe.....
Tags : National Company Law Appellate Tribunal, execution petition, Section 9 of the Insolvency and Bankruptcy Code, 2016
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What Protection is Available to a Depositor if Bank Fails: Delhi High Court asks Centre(09.10.2018)
Delhi High Court has asked Centre that what is the protection available to customers having deposits of over Rs 1 lakh if a bank fails and said that i.....
Tags : Supreme Court, Banks
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US Supreme Court Allows Full Enforcement of Trump Travel Ban(11.12.2017)
US Supreme Court has allowed the Trump administration to fully enforce a ban on travel to the United States by residents of six mostly Muslim countrie.....
Tags : Supreme Court, Trump Travel Ban
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SC: Non Banking Cooperative Society Providing Credit to Members Eligible for Section 80P Deduction(15.09.2023)
Supreme Court has held that a co-operative society that is not a co-operative bank under Section 56 of Banking Regulation Act, 1949, then such society.....
Tags : Supreme Court, Cooperative Society, Banking, Deduction
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SC: Press has a Duty to Speak Truth and Present Citizens With Hard Facts(05.04.2023)
Supreme Court while ruling against telecast ban imposed by Centre on news channel MediaOne using plea of National Security, observed that press has a .....
Tags : Supreme Court, MediaOne, Ban, Democracy
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Supreme Court Seeks Centre’s, CBI’s Response over B. K. Bansal Suicide Case(22.11.2016)
Supreme Court has sought response from Government and Central Bureau of Investigation (CBI) on a plea to constitute a Special Investigation Team (SIT).....
Tags : Supreme Court, B.K. Bansal, suicide, CBI
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SC: Under NDPS Act, ‘Ganja Seeds’ are Not a Banned Contraband(28.04.2023)
Supreme Court while granting bail to a man accused of supplying ganja seeds for cultivation, has observed that as per NDPS Act, Ganja seed is not a ba.....
Tags : Supreme Court, NDPS Act, Ganja Seeds, Banned, Contraband
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Gujarat HC: Spouse of Nationalised Banks Entitled for Inter-District Transfer Benefits(07.12.2016)
Gujarat High Court has held that a government employee, who is spouse of a nationalized bank employee, is entitled to inter-district transfer to place.....
Tags : Gujarat High Court, nationalized bank, employee, inter-district transfer
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Allahabad HC Directs on Woman’s Representation on Husband’s Blindness Due to Vaccine(30.06.2021)
Allahabad High Court has directed District Magistrate, Budaun to decide on a woman's representation in writ petition seeking direction to respondents .....
Tags : Allahabad High Court, Woman’s Representation on Husband’s Blindness Due to Vaccine
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Financial Service Providers Outside Purview of Insolvency and Bankruptcy Code: NCLAT(24.10.2018)
National Company Law Appellate Tribunal has held that financial service providers such as non-banking financial companies are outside the purview of t.....
Tags : NCLAT, Financial Service Providers, Insolvency and Bankruptcy Code
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RBI launches Survey on International Trade in Banking Services (ITBS): 2019-20(24.09.2020)
The Reserve Bank of India has launched the 2019-20 round of its annual Survey on International Trade in Banking Services (ITBS).
The survey,.....
Tags : Survey, International Trade, Banking Services
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#RBI Monetary Policy: Repo Rate, Reverse Repo Cut by 25 bps(02.08.2017)
Reserve Bank of India (RBI) has reduced its repo rate by 25 bps to 6% and the reverse repo rate by 25 bps to 5.75%.
Tags : Reserve Bank of India, Monetary Policy
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Reserve Bank Asks to Replace 17.5 Lakh Debit Cards(20.10.2016)
Reserve Bank of India (RBI) has asked banks to replace debit cards whose security is suspected to have been compromised after being used in some Autom.....
Tags : Reserve Bank of India, Automated Teller Machines
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Delhi HC Issues Notice in Anil Ambani's Plea Seeking Impleadment of Chinese Banks(13.10.2020)
Delhi High Court has issued notice in an application moved by Anil Ambani seeking the impleadment of Chinese banks in his pending Petition challenging.....
Tags : Delhi High Court, Anil Ambani, State Bank of India
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NGT Questions AAP Government’s Move to Lift Ban on Construction in Delhi(17.11.2016)
National Green Tribunal (NGT) has questioned Delhi Government’s decision to lift ban on construction imposed by it earlier this month in a bid to cont.....
Tags : National Green Tribunal, Delhi Government, Ban , Construction
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Calcutta HC Refuses Contempt Action Against TMC MP Abhishek Banerjee for Alleged Derogatory Remarks(31.05.2022)
Calcutta High Court dismissed a petition seeking initiation of suo motu contempt proceedings against TMC MP Abhishek Banerjee for his alleged derogato.....
Tags : Calcutta High Court, Abhishek Banerjee, contempt, TMC
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SAT Upholds SEBI Order Imposing Fine on Former YES Bank CEO, Rana Kapoor(22.06.2021)
Securities Appellate Tribunal has upheld the order by the Securities and Exchange Board of India imposing fine of Rs. 1 Crore on former YES Bank CEO, .....
Tags : Securities Appellate Tribunal, Former YES Bank CEO, Rana Kapoor
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NCLAT, Delhi: Quantum of Debt Not to be Decided At Stage of Admission of S. 7 IBC Application(18.04.2022)
National Company Law Appellate Tribunal, Delhi has observed that the quantum of debt is not to be considered at the stage of admission of a petition u.....
Tags : National Company Law Appellate Tribunal, Section 7 of the Insolvency and Bankruptcy Code, 2016, admission
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Delhi HC Refuses to Take Plea for Law to Ban Cow Slaughter(21.12.2015)
Delhi High Court has refused to entertain a petition seeking enactment of a law prohibiting slaughter of cows, saying that issue is beyond the domain .....
Tags : Delhi High Court, Law to Ban Cow Slaughter
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Sebi Exempts 3 PSBs From Takeover Code Obligations(30.09.2015)
Securities and Exchange Board of India (Sebi) has exempted Centre from discloser of takeover code obligations for its investment in Dena Bank, Bank of.....
Tags : Securities and Exchange Board of India,Dena Bank, Bank of India, Corporation Bank.
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Wife Not Personal Possession, Husband Cannot be Guardian, Supreme Court Tells Hadiya(29.11.2017)
Wife Not Personal Possession, Husband Cannot be Guardian, Supreme Court Tells Hadiya
Tags : When the bench asked Hadiya to name any relative or any near acquaintance to be named as her local guardian in college at Salem in Tamil Nadu, she said her husband could be her guardian and she does not want anyone else in that role.
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Bombay HC Rejects Review Petition Filed by Victoria Owners(04.04.2017)
Bombay High Court has dismissed the review petition filed by horse carriage owners calling for the Victoria ban to be overturned.
Tags : Bombay High Court, Victoria Ban
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Reserve Bank of India imposes monetary penalty on Indian Bank(20.11.2019)
The Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of Rupees One crore on Indian Bank (the bank) for non-.....
Tags : Penalty, Imposition, Indian Bank
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Bombay HC Rejects Bilkis Bano’s Plea to Intervene in Appeal Filed by Convicts(16.11.2016)
Bombay High Court has rejected a plea filed by Gujarat riot rape survivor Bilkis Bano to intervene and be heard in an appeal filed by convicts and in .....
Tags : Bombay High Court, Bilkis Bano, rape, murder
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'Child Witness Prone to Tutoring': Calcutta HC Acquits Man Convicted for Murdering His Wife(25.05.2022)
Calcutta High Court has set aside the order convicting husband for the murder of his wife on the ground that the child witness being of extremely tend.....
Tags : Calcutta High Court, Murder, Husband, Child Witness
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Delhi HC Issues Notice in Plea Seeking Direction to PMC Bank to Allow Withdrawals(21.07.2020)
Delhi High Court has issued notice in a plea seeking a direction to be issued to the Punjab & Maharashtra Cooperative Bank to allow its depositors to .....
Tags : Delhi High Court, Punjab & Maharashtra Cooperative Bank
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Allahabad High Court Refuses to Give Custody of Minor Husband to Wife(17.06.2021)
Allahabad High Court has refused to give custody of a minor 'husband' to his 'wife', noting that if a minor boy would be placed under the custody of h.....
Tags : Allahabad High Court, Custody of Minor Husband
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RBI to Banks: Allow Mobile Banking Registration at ATMs(18.12.2015)
Reserve Bank of India (RBI) has asked all National Financial Switch (NFS) member banks to make changes in ATM switches by March 2016 to help customers.....
Tags : Reserve Bank of India, National Financial Switch
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RBI Notifies Rates for Small Saving Schemes for Q2(08.07.2016)
Reserve Bank of India (RBI) has notified the interest rates for different small savings schemes for the quarter ending September. The interest rates h.....
Tags : Reserve Bank of India, RBI, small savings schemes
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RBI Widens Scope of Ombudsman Scheme, Mobile And Electronic Banking Brought Under Purview(26.06.2017)
Reserve Bank of India has widened scope of its Banking Ombudsman Scheme 2006, to include inter alia deficiencies arising out of sale of insurance/ mut.....
Tags : Reserve Bank of India, Banking Ombudsman Scheme 2006
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Delhi HC Restores 'Status Quo Ante' for Loan Classified as NPA by Yes Bank(08.04.2020)
Delhi High Court has held that YES Bank should not have classified a loan account as Non-Performing Asset (NPA) when a delay in payment of installment.....
Tags : Delhi High Court, Loan Classified as NPA by Yes Bank
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Delhi HC: Haryana’s Ban on Transit Violates Basic Rights(11.05.2020)
Delhi High Court has observed that the order by Haryana authorities preventing movement of doctors, nurses, Court staff and trucks to and from Delhi t.....
Tags : Delhi High Court, Haryana's Ban on Transit
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Withdrawal of Legal Tender Character of existing Rs. 500/- and Rs. 1000/- Bank Notes(09.11.2016)
Please refer to circular DCM (Plg) No. 1226/10.27.00/2016-17 November 08, 2016 on the captioned subject. In order to ensure that the ATMs stop dispens.....
Tags : Bank Notes, Withdrawal, Limits
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Madras High Court Strikes Down Tamil Nadu's Law Banning Online Games with Stakes(04.08.2021)
Madras High Court has struck down the Tamil Nadu Gaming and Police Laws (Amendment) Act, 2021 which imposes a ban on playing of games such as rummy an.....
Tags : Madras High Court, Tamil Nadu's Law Banning Online Games with Stakes
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Delhi HC Asks Centre to Submit Its Policy on Social Media Ban in Army(15.07.2020)
Delhi High Court has directed the Central Government to submit in a sealed cover its policy regarding the use of social media by members of armed forc.....
Tags : Delhi High Court, Social Media Ban in Army
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Delhi HC Orders Removal of Construction Around 300 Year Old Banyan Tree(10.08.2020)
Delhi High Court has ordered removal of construction and concrete around a 300 year old tree in Chandni Chowk, as a step to protect the Banyan Tree.
Tags : Delhi High Court, Banyan Tree
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Reserve Bank Cuts Key Lending Rates by 0.35%(07.08.2019)
Reserve Bank of India's Monetary Policy Committee (MPC) has cut key interest rate for the fourth consecutive time by 35 basis points or 0.35 per cent .....
Tags : Reserve Bank, Lending Rates
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J&K&L HC: No Previous Sanction Required to Prosecute Bank Officials Regarding IPC/RPC Offences(17.05.2022)
Jammu and Kashmir and Ladakh High Court has observed that there is no need to obtain the previous sanction to prosecute bank officials in connection w.....
Tags : Jammu and Kashmir and Ladakh High Court, bank, Indian Penal Code, 1860, Ranbir Penal Code, 1932
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SC Sets Aside Bail Condition to Furnish Bank Guarantee(14.06.2023)
Supreme Court has set aside a bail condition imposed by High Court to furnish Bank Guarantee worth Rs. 2 Crore by the accused and modified the same by.....
Tags : Supreme Court, Bank Guarantee, Bail Bond
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P&H HC Imposes Cost on Woman for Failing to Provide Reason for Leaving Her Husband(15.09.2020)
Punjab and Haryana High Court has imposed a cost of Rs 25,000 on a woman for failing to explain why she had left her husband against whom she had appr.....
Tags : Punjab and Haryana High Court, Reason for Leaving Husband
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Lok Sabha passes Banking Laws (Amendment) Bill, 2024(04.12.2024)
Lok Sabha has passed the Banking Laws (Amendment) Bill, 2024 which includes bank accounts to have four nominees among other changes. Under this amendm.....
Tags : Lok Sabha, Bank Account Holders, Simultaneous Nominations
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NGT Bans Sale/ Use of Firecrackers in Delhi NCR And Places All Over India with Poor/ Worse AQI(09.11.2020)
National Green Tribunal has imposed a total ban on sale/ use of all kinds of firecrackers in Delhi NCR from the midnight of November 9-10, 2020 to the.....
Tags : National Green Tribunal, Ban on Sale/Use of Firecrackers in Delhi
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SC: Principle of Mutuality not Applicable to Income from Deposits in Member Banks(21.08.2023)
Supreme Court has held that if any income is earned by the Clubs through deposits made by clubs in banks that are members of the club, such income wou.....
Tags : Supreme Court, Principle of Mutuality, Clubs, Banks
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NCLT, Chennai: No Conflict Among Prohibition of Benami Property Transaction Act and IBC, 2016(06.05.2022)
National Company Law Tribunal, Chennai has ruled that there is no conflict between the Prohibition of Benami Property Transaction Act, 1988 and the In.....
Tags : National Company Law Tribunal, Prohibition of Benami Property Transaction Act, 1988, Insolvency and Bankruptcy Code, 2016, attachment of property
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RBI ends barter trade between India and Myanmar(05.11.2015)
The Reserve Bank of India has called an end to barter trade at the Indo-Myanmar Border, permissible since 2000. Noting that with a sufficiently divers.....
Tags : Myanmar, barter, end, trade, bank, 2015
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SEBI: 5 Year Ban Imposed on Industrialist Anil Ambani for Diversion of Funds(26.08.2024)
The Securities and Exchange Board of India (SEBI) has imposed a ban of five years on industrialist Anil Ambani from the securities market for the dive.....
Tags : SEBI, Anil Ambani, Reliance Home Finance
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RBI Revises Priority Sector Lending Norms for RRBs(04.12.2015)
Reserve Bank of India (RBI) has revised the priority sector lending target for Regional Rural Banks (RRBs) to 75% of total outstanding loans from 60% .....
Tags : Reserve Bank of India, Regional Rural Banks
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HP High Court Denies Bail to Husband Accused of Posting Nudes of Wife(29.10.2020)
Himachal Pradesh High Court has denied the benefit of Anticipatory Bail to a Husband accused of posting and uploading nude photographs of his wife in .....
Tags : Himachal Pradesh High Court, Husband Accused of Posting Nudes of Wife
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MP HC: Police Officers Have to Follow Direction of Joining Music Band Practice(02.08.2024)
Madhya Pradesh High Court while hearing a matter where police constables were suspended for refusing to join Police Department's music band, has asked.....
Tags : MP High Court, Music Band Practice, Police Officers
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Calcutta HC Restrains Special Audit of Bank Headed by BJP MLA Suvendu Adhikari(19.07.2021)
Calcutta High Court has held that the West Bengal government's Co-operative Department shall not conduct a special audit of the Contai Cooperative Ban.....
Tags : Calcutta High Court, Special Audit of Bank Headed by BJP MLA Suvendu Adhikari
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Internet Banking Facility for Customers of Cooperative Banks(05.11.2015)
The Reserve Bank of India has allowed State Cooperative Banks and District Central Cooperative Banks to provide Internet Banking facilities to their c.....
Tags : Internet banking, cooperative, guidelines
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Manipur HC to State: Lift Internet Ban on Leased Line Connections(10.07.2023)
Manipur High Court has directed the State to lift the ban on the Internet Lease Line connections after ensuring that all the stakeholders have complie.....
Tags : Manipur High Court, Internet, Ban
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Madras HC: Banks Cannot Attach Savings Account Opened for Depositing Pension to Recover Loan(03.12.2015)
Madras High Court has held that Savings Bank Account maintained primarily for purpose of depositing monthly pension amount could not be attached by a .....
Tags : Madras High Court , Savings Bank Account
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Supreme Court Acquits Man for Allegedly Abandoning Lady of SC-ST Community(15.04.2022)
Supreme Court has acquitted a man who had allegedly abandoned a lady belonging to SC-ST Community with whom he was living together. The Court has obse.....
Tags : Supreme Court, Abandoning Lady of SC-ST Community
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NGT Orders Sunderbans Mapping(21.12.2015)
National Green Tribunal (NGT) has directed Ministry of Environment and Forests to map the Sundarbans, marking out the three zones of transient, buffe.....
Tags : NGT , Sundarbans
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RBI Permits Companies to Raise $750 mn through Rupee Bonds(30.09.2015)
Reserve Bank of India (RBI) has permitted companies to raise up to $750 million from overseas markets under automatic route, through rupee-denominated.....
Tags : Reserve Bank of India ,companies
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Rajasthan High Court: Seizure Memo Needs to be Prepared at Spot of Recovery(18.07.2024)
Raj. HC has held that seizure officer should prepare seizure memo at the place of recovery of contraband material as prescribed under the Standing Ins.....
Tags : Rajasthan High Court, Seizure Memo, Contraband Material
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Insolvency and Bankruptcy Board of India Relaxes Norms for Information Utilities(06.10.2017)
Insolvency and Bankruptcy Board of India has relaxed norms for information utilities, paving way for Indian companies listed on the stock exchanges to.....
Tags : Insolvency and Bankruptcy Board of India, Information Utilities
read»
RBI Sets Rupee Reference Rate against US Dollar and Euro(08.07.2016)
Reserve Bank of India (RBI) has fixed reference rate of the rupee at 67.4972 against the US dollar and 74.8274 for the euro.
Tags : Reserve Bank of India, RBI, reference rate
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Customs preparations for returnees from Indian enclaves(18.11.2015)
The Central Board of Excise and Customs has appointed places as Land Customs Stations to clear baggage brought into the Indian mainland by those retur.....
Tags : Indian enclave, Bangladesh, customs
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Bankruptcy, Insolvency Related Work To be Done By Department of Economic Affairs(07.01.2016)
The work relating to bankruptcy and insolvency has been taken out from the domain of Law Ministry and put under Department of Economic Affairs, a step.....
Tags : bankruptcy and insolvency , Department of Economic Affairs, Law Ministry
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SC Allows Centre to Continue Security Cover for Mukesh Ambani Family(25.07.2022)
Supreme Court while quashing the proceedings in the PIL pending before Tripura High Court challenging security cover given to Mukesh Ambani & his fami.....
Tags : Supreme Court, Security Cover, Ambani
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SC to RBI: Disclose Names of India's Biggest Loan Defaulters(17.02.2016)
SC has sought list of companies from Reserve Bank of India (RBI) who have defaulted in paying back loan to PSU banks and have contributed to massive l.....
Tags : SC, Reserve Bank of India
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ITAT: Father Can’t be Taxed for Cash Deposit in Bank Account Opened in The Name of Major Son(25.07.2022)
Income Tax Appellate Tribunal (ITAT), Pune Bench while deleting an addition for cash deposit, has held that the clubbing of income under the provision.....
Tags : ITAT, Minor Children, Income-Tax, Bank Account
read»
NGT Directs Gurugram Municipal Corp to Clear Waste at Bandhwari Landfill(22.11.2019)
National Green Tribunal has directed the Gurugram Municipal Corporation to clear 25 lakh tonnes of legacy waste at Bandhwari landfill within six month.....
Tags : NGT, Bandhwari Landfill
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RBI: Fixed Rate Loans up to 3 Years to be Based on Marginal Cost(30.03.2016)
Reserve Bank of India (RBI) has asked banks to price fixed rate loans of up to three years based on their marginal cost of fund from April 1.
Tags : Reserve Bank of India, Fixed Rate Loans
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Bombay HC: Contraband Found During Income Tax Search Does Not Amount to Seizure(25.05.2020)
Bombay High Court has held that when officers stumble upon a contraband during an income tax raid, it does not amount to 'seizure' under the Narcotics.....
Tags : Bombay High Court, Contraband Found During Income Tax Raid
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Delhi High Court Upholds Ban on Ola Cab Service(12.08.2015)
Delhi High Court has upheld ban on Ola Cab Service. Futher making it clear that no diesel taxis are permitted to make point-to-point metered rides wi.....
Tags : Delhi High Court , Ban
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SC: Once Area Urbanized Under Del. Municipal Corporation Act, Del. Land Reforms Act Not Applicable(16.03.2023)
Supreme Court has held that once rural area is urbanized by issuance of notification under Section 507(a) of Delhi Municipal Corporation Act, 1957, th.....
Tags : Supreme Court, Rural Area, Urbanized
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India Signs Loan Agreement with World Bank for US$ 119 Million for "Odisha Higher Education Programme for Excellence and Equity (OHEPEE) Project(07.11.2017)
A Financing Agreement for IBRD loan of US$ 119 million (equivalent) for the "Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Projec.....
Tags : Loan Agreement, World Bank, Signing of
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RBI Releases Fifth Bi-monthly Monetary Policy Statement, 2016-17; Kept Repo Rate Unchanged(07.12.2016)
Reserve Bank of India (RBI) has released Fifth Bi-monthly Monetary Policy Statement, 2016-17 wherein it has kept Repo rate unchanged at 6.25 percent, .....
Tags : Reserve Bank of India , Monetary Policy, Reverse Repo, Repo rate
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Bombay HC: Wife Best Suited to be Guardian of a Husband in Vegetative State(31.08.2020)
Bombay High Court has held that in a marriage, husband and wife are equal partners and the wife is best suited to be the guardian of her husband who i.....
Tags : Bombay High Court, Guardian of a Husband in Vegetative State
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Kerala HC Says ‘No ban on Entry of Media Personnel to Court Premises’(17.10.2016)
Kerala HC has issued a press note that said there are no restrictions on entry of media personnel to court premises for reporting purposes.
Tags : Kerala HC, media, ban
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RBI Maintains Status Quo, Keeps REPO Rate Unchanged at 6.25%(07.06.2017)
Reserve Bank of India (RBI) has held on to policy rate at 6.25 percent in its monetary policy review on June 7, 2017, the second bi-monthly review for.....
Tags : Reserve Bank of India, REPO Rate
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RBI Notifies P2P Lending Platforms as NBFCs(21.09.2017)
Reserve Bank of India has notified that Peer-to-Peer (P2P) lending platforms will fall under the ambit of a Non-Banking Financial Company (NBFC).
Tags : Reserve Bank of India, Non-Banking Financial Company
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Karnataka High Court Summons Vijay Mallya in Contempt Case(05.12.2016)
Karnataka High Court has ordered Businessman Vijay Mallya to appear before Court on 19 January for charges to be framed in a contempt case filed by pu.....
Tags : Karnataka High Court, Vijay Mallya, State Bank of India
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Madras HC: If Removal of Husband Only Way to Ensure Domestic Peace, He Must be Asked to Leave House(16.08.2022)
Madras High Court has held that if removing the husband from the house alone ensures domestic peace, courts should pass such orders regardless of whet.....
Tags : Madras High Court, Domestic Peace, Husband
read»
Reserve Bank of India Allows Kotak Bank to Retain 26% Promoter Stake(31.01.2020)
Reserve Bank of India has allowed Kotak Mahindra Bank’s founder Uday Kotak to retain 26 % promoter stake in a dispute over the bank’s promoter shareho.....
Tags : Reserve Bank of India, Kotak Mahindra Bank, Promoters Shareholding
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ITAT, Bangalore: Addition Cannot be Made If Gift is Invalid(06.11.2017)
Income Tax Appellate Tribunal, Bangalore has ruled that if the gift is invalid then no addition can be done in respect of the same under the provision.....
Tags : Income Tax Appellate Tribunal, Bangalore
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NCLAT: Insolvency Cannot be Initiated on Basis of Unpaid LTC And Leave Encashment Dues(16.05.2022)
National Company Law Appellate Tribunal, has ruled that the welfare claims such as Leave Encashment, superannuation dues are not operational debt for .....
Tags : National Company Law Appellate Tribunal, Leave Encashment, Corporate Debtor, Section 9, Insolvency & Bankruptcy Code, 2016, superannuation dues
read»
Urban Improvement Trusts Not Entitled to Income Tax Exemptions: Supreme Court(15.10.2018)
Supreme Court has held that Urban Improvement Trust constituted under the Rajasthan Urban Improvement Act, 1959 is not a local authority within the me.....
Tags : Supreme Court, Urban Improvement Trusts
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NCLT, Bengaluru Dismisses Insolvency Petition Against Café Coffee Day(07.04.2022)
National Company Law Tribunal, Bengaluru has dismissed the insolvency petition filed against the parent company of Cafe Coffee Day namely Coffee Day G.....
Tags : National Company Law Tribunal, parent company, Cafe Coffee Day, Coffee Day Global Limited, Cooperative Rabobank U.A
read»
SC: Bangalore Club Not Liable to Pay Wealth Tax(09.09.2020)
Supreme Court has held that 'Bangalore Club', one of the oldest club in Bangalore, is not liable to pay Wealth tax under the Wealth Tax Act, 1957.
Tags : Supreme Court, Bangalore Club
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NCLT Approves Merger of Capital First with IDFC Bank(14.12.2018)
National Company Law Tribunal (NCLT) has approved the amalgamation of Capital First, Capital First Home Finance, and Capital First Securities with IDF.....
Tags : NCLT, IDFC Bank
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NCLAT: Dissenting Financial Creditor Entitled to Liquidation Value of its Secured Interest only(28.10.2024)
The National Company Law Appellate Tribunal (NCLAT) has observed that as per Section 30(2)(b) of Insolvency and Bankruptcy Code, 2016 (IBC), a dissent.....
Tags : National Company Law Appellate Tribunal, Section 30(2)(b), Insolvency and Bankruptcy Code, 2016
read»
RBI Eases MFI Norms to Provide Cheaper Loans to SCs Below Double Poverty Line(05.10.2015)
Reserve Bank of India (RBI) has eased micro finance norm of maximum 4 % variance in interest rates for small loans offered to Scheduled Castes (SCs ).....
Tags : Reserve Bank of India , SC
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SC to Sikh Bodies: Create Mechanism to Curb ‘Santa-Banta’ Jokes(13.07.2016)
SC, while hearing petitions seeking ban on circulation of jokes about Sikh community, has asked bodies representing the community to create a mechanis.....
Tags : SC, ‘Santa-Banta’ Jokes
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NGT Stays Steel Flyover Project in Bengaluru(02.11.2016)
National Green Tribunal (NGT) has issued an interim injunction against proposed steel flyover planned by Bangalore Development Authority (BDA).
Tags : NGT, Bangalore Development Authority, steel flyover
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Supreme Court Grants Time to Gujarat For Action Report Against Cops in Bilkis Bano Case(29.11.2017)
Supreme Court Grants Time to Gujarat For Action Report Against Cops in Bilkis Bano Case
Tags : The Supreme Court bench, however, made it clear that the separate plea, seeking enhancement of compensation to be awarded to Bilkis Bano, would be taken up next week for hearing.
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RBI issues Directions to the City Co-operative Bank Ltd., Mumbai, Maharashtra(18.04.2018)
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018) has placed The City Co-operative Bank Ltd., Mumbai.....
Tags : Direction, Issuance, Bank
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RBI Imposes Restrictions on Mastercard from On-Boarding New Customers in India from July 22(15.07.2021)
Reserve Bank of India (RBI) while taking supervisory action on Mastercard Asia / Pacific Pte. Ltd. has imposed the restrictions on Mastercard from On-.....
Tags : Reserve Bank of India, Restrictions on Mastercard from On-Boarding New Customers
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Bombay HC: No Interference with Unconditional Bank Guarantee Except When Fraud Established(20.08.2021)
Bombay High Court has observed that there can be no interference with an unconditional bank guarantee except when fraud is established or apprehension.....
Tags : Bombay High Court, Unconditional Bank Guarantee
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RBI Postpones Issue Date of Sovereign Gold Bonds(25.11.2015)
Reserve Bank of India (RBI) has postponed issue date of sovereign gold bond by four days to November 30 to enable their smooth uploading into the cent.....
Tags : Reserve Bank of India , Sovereign Gold Bonds
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Madras High Court Allows Welcome Banners to be Put Up for Modi-Xi Summit(04.10.2019)
Madras High Court has permitted the State Government to erect banners from the Chennai airport till Mahabalipuram town (60kms away) to welcome Prime M.....
Tags : Madras High Court, Banners
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RBI Says No Deadline for Resolving Complaints under Banking Ombudsman Scheme(23.12.2015)
Reserve Bank of India (RBI) has said that there is no time limit for resolution of complaints under Banking Ombudsman scheme, aimed at seeking redress.....
Tags : Reserve Bank of India, Ombudsman scheme
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Calcutta HC Dismisses Challenge to ECI Decision to Prioritize Bye-Elections of Bhabanipur Assembly(28.09.2021)
Calcutta High Court has dismissed a challenge made to the decision of the Election Commission of India (ECI) to prioritize the bye-elections of Bhaban.....
Tags : Calcutta High Court , Bhabanipur Assembly Constituency
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RBI’s Nod Mandatory to Buy 5% or More in Banks(20.11.2015)
Reserve Bank of India (RBI) has said that its prior approval will be required for acquisition of shares or voting rights in a private bank for increas.....
Tags : Reserve Bank of India , private bank
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Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel(24.11.2016)
In view of the withdrawal of legal tender character of the Specified Banknotes (SBN) demand for cash is expected from Government officials and pension.....
Tags : Demand, Bank notes, Government officials
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Delhi HC Upholds CIC Order Denying Information to Husband About Complaints Filed by Estranged Wife(31.08.2021)
Delhi High Court has upheld an order passed by Central Information Commission denying information to a husband about complaints lodged by his estrange.....
Tags : Delhi High Court, Information to Husband About Complaints Filed by Estranged Wife
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Supreme Court: All Petitions on Beef Ban In M’rashtra Must Be Listed Before One Bench(21.11.2017)
Supreme Court has said that all petitions relating to beef ban in Maharashtra should be listed before one bench only and sent the batch of pleas to be.....
Tags : Supreme Court, Beef Ban
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RBI: Banks to Remain Closed on April 1(31.03.2017)
Reversing its earlier order, Reserve Bank (RBI) has said that the bank branches dealing in government businesses need not remain open on April 1 in vi.....
Tags : Reserve Bank of India, April 1
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IBBI Amends Guidelines on Technical Standards for Performance of Core Services(29.07.2021)
Insolvency and Bankruptcy Board of India (IBBI) has notified the Guidelines for Technical Standards for the Performance of Core Services and Other Ser.....
Tags : Insolvency and Bankruptcy Board of India, Guidelines on Technical Standards for Performance of Core Services
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Supreme Court: High Way Booze Ban Not Applicable to Bars, Outlets Within Municipal Areas(24.08.2017)
Supreme Court has clarified that high way liquor ban imposed by it is not applicable to licenced bars and beverages outlets within municipal area.
Tags : Supreme Court, Highway Liquor Ban
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Bombay High Court Raps Animal Husbandry Department Over ‘poor quality food’(26.07.2018)
Bombay High Court while observing that it is only concerned with the ‘quality’ of food being served to the public, the Bombay High Court has rapped th.....
Tags : Bombay High Court, Animal Husbandry
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Prospectus is a complete code in itself, candidates seeking admission under the Prospects are bound by the terms contained therein(20.09.2017)
In facts of present case, Department of Medical Education and Research, issued a Prospectus-cum-Application Form for admission to the Postgraduate Deg.....
Tags : Bank Guarantee, Condition, Legality
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NGT Bans Disposable Plastics in Delhi-NCR From January 01, 2017(05.12.2016)
National Green Tribunal (NGT) has banned use of disposable plastic, which is mainly used in grocery and plastic tea cups like items in Delhi and Natio.....
Tags : National Green Tribunal, disposable plastic, Ban
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RBI Eases Norms on FDI in CICs(20.05.2016)
Reserve Bank of India (RBI) has eased norms around Foreign Direct Investment (FDI) in credit information companies (CICs) in India.
Tags : Reserve Bank of India, FDI
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Delhi HC: Income Tax Evasion Complaint Not Premature Despite Pending Reassessment(12.08.2025)
Delhi HC has held that pending reassessment does not bar prosecution under Sections 276-C/277 of the Income Tax Act. The complaint by an authorised of.....
Tags : Delhi High Court, Income Tax Act, Tax Evasion, Criminal Prosecution, Neena Bansal Krishna
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Insolvency and Bankruptcy Board of India Disqualifies Parties Barred from Liquidation Process(08.01.2020)
Insolvency and Bankruptcy Board of India has issued a notification whereby promoters or related parties disqualified from taking part in the insolvenc.....
Tags : Insolvency and Bankruptcy Board of India, Liquidation
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Reserve Bank of India Lifts All Limit on Cash Withdrawals(14.03.2017)
Reserve Bank of India has lifted all limits on cash withdrawals from banks and ATMs.
Tags : Reserve Bank of India, cash withdrawals
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Supreme Court Asks Air Quality Commission to Decide on Lifting Construction Ban(10.12.2021)
Supreme Court has granted liberty to the Commission for Air Quality Management in National Capital Regions to take a decision on the lifting the ban o.....
Tags : Supreme Court, Lifting Construction Ban
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Telangana HC: Scrutiny By IT Department Barred For The Period Covered By The Resolution Plan(28.01.2022)
Telangana High Court has observed that for the period covered by the Resolution Plan, Income Tax Department cannot carry out any scrutiny or assessmen.....
Tags : Income Tax Act, Insolvency and Bankruptcy Code, Corporate Debtor, Financial Creditor
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Reserve Bank of India Approves Kotak Mahindra’s Proposal to Trim Stake of Promoters(20.02.2020)
Reserve Bank of India has given final approval to Kotak Mahindra Bank’s proposal on reducing promoters’ stakes and capping their voting rights.
Tags : Reserve Bank of India, Kotak Mahindra Bank, Promoters Shareholding
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SC Issues Notice in Plea Against Alleged Use of Banned Chemicals by Firework Manufacturers(09.04.2021)
Supreme Court has issued notice to the manufacturers in application filed against alleged use of banned chemicals by firework manufacturers, mislabell.....
Tags : Supreme Court, Alleged Use of Banned Chemicals by Firework Manufacturers
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NGT Directs Pollution Control Boards to Curb Pollution in Pali River(13.10.2016)
National Green Tribunal (NGT) has asked Central Pollution Control Board and Rajasthan State Pollution Control Board to take preventive and effective s.....
Tags : National Green Tribunal, NGT, Nehda Dam, Bandi River
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NCLAT: Interest Free Security Deposit is an Operational Debt(28.04.2022)
National Company Law Appellate Tribunal has observed that an interest free security deposit towards advance license fee will qualifies as an operation.....
Tags : National Company Law Appellate Tribunal, interest free, security deposit, Insolvency & Bankruptcy Code, 2016
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RBI Allows Use of OTP for Account Opening(09.12.2016)
To quicken the process of opening of bank account, Reserve Bank of India (RBI) has amended its know your customer (KYC) rules to allow banks to open n.....
Tags : RBI, Reserve Bank of India
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Finance Minister Introduces Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021(27.07.2021)
Finance Minister Nirmala Sitharaman has introduced the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, which amends the Insolvency and Ban.....
Tags : Finance Minister, Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021
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Cabinet approves MoU between Export-Import Bank of India (Exim Bank) on General Cooperation with the New Development Bank (NDB), along with other Development Financial Institutions of BRICS nations(13.10.2016)
The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU.....
Tags : Approval, Exim Bank, Co-operation
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Supreme Court Stays FIR Registered Against Journalist Who Was Covering 2018 Bharat Bandh(29.10.2020)
Supreme Court has stayed a First Information Report registered against Yogesh Kumar Holkar, a journalist who had covered the 2018 Bharat Bandh protest.....
Tags : Supreme Court, Journalist Covering 2018 Bharat Bandh
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CCI Approves RBS India-Sanctum Wealth Acquisition Deal(30.12.2015)
Competition Commission of India (CCI) has approved acquisition of Royal Bank of Scotland (RBS) Group's India wealth management business by Sanctum Wea.....
Tags : Competition Commission of India , Royal Bank of Scotland , Sanctum Wealth
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NCLAT: In absence of privity of contract, application u/s 9 of IBC not maintainable(28.03.2025)
The National Company Law Appellate Tribunal (NCLAT) has observed that where there is no privity of contract or any sort of Debtor-Creditor relationshi.....
Tags : Privity of contract, Maintainability of application, Debtor-Creditor relationship, the Insolvency and Bankruptcy Code, 2016
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RBI Rejects EC Request to Enhance Withdrawal Limits For Poll Candidates(30.01.2017)
Reserve Bank of India (RBI) has rejected request of Election Commission (EC) to enhance weekly cash-withdrawal limit, imposed after demonetisation, fo.....
Tags : Reserve Bank of India, Election Commission
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Orissa HC: Directors Liable under S.138 NI Act Despite Company’s Insolvency(16.10.2025)
Orissa High Court held that company directors cannot escape liability for cheque dishonour under Section 138 of the Negotiable Instruments Act, 1881 m.....
Tags : Negotiable Instruments Act, Insolvency and Bankruptcy Code, Cheque Dishonour
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India Post Payments Bank Limited commences operations(30.01.2017)
India Post Payments Bank Limited has commenced operations as a payments bank with effect from January 30, 2017. The Reserve Bank has issued a licence .....
Tags : Payments bank, Operation, Commencement
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NGT Nods for Rafting on Ganga But Denies to Camping(11.12.2015)
National Green Tribunal (NGT) has upheld an order which it had passed in March, putting ban on beach camping near the Ganga from Kaudiyala to Rishikes.....
Tags : National Green Tribunal, ban on beach camping, Ganga, Rishikesh
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Del HC: Pattern of Marrying Rape Victim to Evade Charges & Later Abandoning her is Disturbing(06.07.2023)
Delhi High Court has observed that it is shocking that numerous cases have come to light where the accused deceitfully enters into a marriage under th.....
Tags : Delhi High Court, Rape Victim, Marriage, Abandon
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Calcutta HC Issues Notice in Mamata Banerjee's Election Petition Against Nandigram Results(15.07.2021)
Calcutta High Court has issued notice to Suvendu Adhikari, the elected candidate of BJP on the election petition filed by West Bengal Chief Minister M.....
Tags : Calcutta High Court, Suvendhu Adhikari, Mamata Banerjee, Nandigram Election Results
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IBBI Amends its Regulations on Information Utilities(20.06.2022)
Insolvency and Bankruptcy Board of India (IBBI) has introduced second round of amendments to the Insolvency and Bankruptcy Board of India (Information.....
Tags : Insolvency and Bankruptcy Board of India, Amendments
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RBI Relaxes ECB Norms for Accessing Foreign Loans(01.12.2015)
Reserve Bank of India (RBI) has unveiled a revised External Commercial Borrowing (ECB) policy, entailing, among other things, a more liberal approach.....
Tags : Reserve Bank of India, External Commercial Borrowing
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SC Asks 2002 Gujarat Riots Victim Bilkis Bano to Approach Authorities for Job and Accommodation(27.10.2020)
Supreme Court has asked Bilkis Bano, who was gang- raped when she was five months pregnant during the 2002 Gujarat riots, to approach the authorities .....
Tags : Supreme Court, Bilkis Bano
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Housing Ministry Directs CPIO to Remove Personal Details of RTI Applicants(10.12.2020)
Union Ministry of Housing & Urban Affairs (Housing Ministry) has directed all the Central Public Information Officers and Appellate Authorities under .....
Tags : Union Ministry of Housing and Urban Affairs, Personal Details of RTI Applicants
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Lakshmi Vilas Bank Ltd branches to operate as DBS Bank India Ltd. branches from November 27, 2020(25.11.2020)
The Government of India has today sanctioned the Scheme for the amalgamation of the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd. The amalgamation .....
Tags : Lakshmi Vilas Bank, Scheme, Amalgamation
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RBI Allows IFSCs Bank Branches to Open Foreign Currency Current Accounts(08.01.2016)
Reserve Bank of India (RBI) has permitted bank branches at International Financial Services Centres (IFSCs) to open foreign currency current accounts .....
Tags : Reserve Bank of India , International Financial Services Centres
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SC Denies Bail to Yes Bank Founder Rana Kapoor in PMLA Case(07.08.2023)
Supreme Court while observing that while the period undergone by accused is substantial, but this is a case that rocked the entire banking system, has.....
Tags : Supreme Court, Yes Bank, Bail, PMLA
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SC Wants All Information on Reliance, Sistema, Aircel & Videocon Bankruptcy Cases(21.07.2020)
Supreme Court has asked for all records pertaining to the bankruptcy proceedings of Reliance Communications, Sistema Shyam Teleservices, Aircel and Vi.....
Tags : Supreme Court, Information on Bankruptcy Cases
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SC Issues Notice on Plea Seeking Absolute Ban on Use of Sanitization Tunnels(10.08.2020)
Supreme Court has issued notice to Union of India on a Public Interest Litigation seeking complete ban on sanitization tunnels being used across the c.....
Tags : Supreme Court, Ban on Use of Sanitization Tunnel
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RBI Issues New Guidelines for Banks to Fix Lending Rate(18.12.2015)
Reserve Bank of India (RBI) has issued new guidelines on how banks can calculate their lending rates in a bid to make them more closely based on marke.....
Tags : Reserve Bank of India , lending rates
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RBI Cut Repo Rate by 50 bps(29.09.2015)
Reserve Bank of India (RBI) has cut its repo rate by 50 basis points to 6.75%, while keeping the Cash Reserve Ratio (CRR) unchanged at 4%. This was fo.....
Tags : Reserve Bank of India, Repo Rate
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Raj. HC: Plastic Coated Papers Come Within Ambit of Single-Use Plastic Items(05.06.2023)
Rajasthan High Court has held that ‘plastic coated paper’ which is also used as a raw material for laminated paper cups, will come within the ambit of.....
Tags : Rajasthan High Court, Plastic Coated Papers, Single-Use Plastic, Ban
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RBI Eases Stressed Asset Resolution Norms(11.11.2016)
Reserve Bank of India (RBI) has eased rules for various stressed asset resolution schemes and expanded scope of a loan recast plan previously limited .....
Tags : Reserve Bank of India , infrastructure sector, Stressed Asset Resolution
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Disclosure of bank’s business dissuades “window-dressing”, in public interest(28.06.2016)
“Any action that results in dissuading commercial entities from indulging in practices such as window-dressing would be in larger public interest”, th.....
Tags : rti, exemption, bank, business mix, public interest
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Karnataka High Court Issues Notice to Centre, RBI over Plea to Cancel Axis Bank’s Licence(12.10.2017)
Karnataka High Court on Wednesday ordered issue of notices to the Ministry of Finance and the Reserve Bank of India on a petition seeking cancellation.....
Tags : Karnataka High Court, Axis Bank
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Reporting of Bank Guarantee on behalf of service importers discontinued(07.07.2016)
The Reserve Bank of India announced the discontinuation of submission of reports on guarantees issued by banks in favour of non-residents service prov.....
Tags : rbi, bank guarantee, service importer, reporting requirement
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Revised directions for acquisition of shares and voting rights in private banks(19.11.2015)
The Reserve Bank of India issued revised guidelines requiring prior approval for acquiring share or voting rights in private sector banks. Two amendme.....
Tags : Private bank, voting rights, acquisition, fit and proper
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Gujarat HC Seeks Centre’s, RBI’s Response over DCCBs Note Exchange Ban(30.11.2016)
Gujarat High Court has sought replies from Centre and RBI on a petition challenging legality of their notifications banning District Central Co-Operat.....
Tags : Gujarat High Court, demonetization, Co-Operative Banks
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Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2021(25.08.2021)
1. The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on Prudential Norms for Classifica.....
Tags : Master Directions, Investment Portfolio by Banks
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Madras High Court Bans Online Sale of Firecrackers Till Nov 15(17.10.2018)
Madras High Court has passed an interim order staying online sale of firecrackers till November 15.
Tags : Madras High Court, Firecrackers Ban
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ITAT, Bangalore: No Rationale in Making Additions to Income on Violation of RBI Notifications(11.04.2022)
Income Tax Appellate Tribunal, Bangalore has observed that there is no rationale in the action of the Assessing Officer of making additions to income .....
Tags : Income Tax Appellate Tribunal, rationale, Assessing Officer, assesse, Section 68 of the Income Tax Act, 1961, Reserve Bank of India
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Supreme Court Inquires if Convicted Netas Should Get Lifetime Poll Ban(11.09.2020)
Supreme Court has asked the Centre to respond to a new prayer in a pending Public Interest Litigation seeking a life ban on politicians convicted of h.....
Tags : Supreme Court, Lifetime Poll Ban
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Bombay HC Refuses to Stay RBI Deadline to Kotak Mahindra Bank to Dilute Promoter Stake(18.12.2018)
Bombay High Court has refused to stay the Reserve Bank of India’s deadline of December 31 for dilution of promoter stake in Kotak Mahindra Bank.
Tags : Bombay High Court, Kotak Mahindra Bank
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Cal HC: For Maint. Strict Proof of Marriage not Required if Couple Living as Husband & Wife for Long(29.11.2024)
Calcutta High Court has held that where a man and woman have been living together as husband and wife for a reasonable long period of time, strict pro.....
Tags : Calcutta High Court, Strict Proof, Husband & Wife
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SC: Shifting of Baner Garbage Plant is in Public Interest(09.02.2021)
Supreme Court has observed that given the number of residences around the Pune Municipal Corporation’s wet garbage processing plant on Sus Road in Ban.....
Tags : Supreme Court, Baner Garbage Plant
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Cancellation of licence to carry on banking business in India under Section 22 read with Section 56 of the Banking Regulation Act, 1949 - Rupee Co-operative Bank Ltd., Pune(02.11.2022)
1. The Reserve Bank of India, vide order No.DOR.MON.LC-04/12.22.218/2022-23 dated August 08, 2022, had cancelled the banking licence of Rupee Co-opera.....
Tags : Cancellation, licence, Banking business
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Allahabad HC Seeks Reply From BHU over Magsaysay’s Petition(15.02.2016)
Allahabad High Court has asked Banaras Hindu University (BHU) authorities to file a counter affidavit on a petition filed by Magsaysay Award-winning s.....
Tags : Allahabad High Court, Banaras Hindu University
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Bombay HC: IBC Proceedings Don't Bar Criminal Case under NI Act Against Directors(07.10.2025)
Bombay High Court has held that prior initiation of Insolvency and Bankruptcy Code (IBC) proceedings does not bar criminal prosecution of directors un.....
Tags : Insolvency and Bankruptcy Code, Negotiable Instruments Act, Directors
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RBI Cancels Rs 9k crore T-bill Auction(28.01.2016)
Reserve Bank of India (RBI) has cancelled a Rs 9,000-crore auction of Government's 91-day Treasury Bills (T-bills) as it was not willing to accede to .....
Tags : Reserve Bank of India, T-bills
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A statutory provision does not bind the Crown save by express words or “necessary implication”(19.12.2017)
The issue in present case is whether the Crown is bound by the prohibition of smoking in most enclosed public places and workplaces, contained in Chap.....
Tags : Smoking, Ban, Provision
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Reserve Bank of India imposes monetary penalty on Syndicate Bank(05.02.2019)
The Reserve Bank of India (RBI) has imposed, by an order dated January 30, 2019, a monetary penalty of Rs. 10 million on Syndicate Bank (the bank) for.....
Tags : Penalty, Imposition, Syndicate Bank
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RBI: No Relaxation in CRR, SLR Norms(19.10.2015)
Reserve Bank of India (RBI) has junked the plea of entities that have secured licences to set up small finance banks that they be given some leeway in.....
Tags : Reserve Bank of India, small finance banks
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Award for outstanding writings in the field of Banking Hindi(16.10.2017)
With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched an 'Award scheme for outstanding writings.....
Tags : Outstanding writings, Banking Hindi, Award
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Delhi HC: Pendency of Insolvency Petition Is Not Bar to Appointment of Arbitrator(16.05.2022)
Delhi High Court has observed that the mere pendency of an insolvency petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 is not a ba.....
Tags : Delhi High Court, Section 9, Insolvency and Bankruptcy Code, 2016, Arbitrator
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NCLAT: Pendency of Appeal Under Arbitration Act Does Not Bar Insolvency Process Under IBC(01.09.2017)
National Company Law Appellate Tribunal has observed that pendency of S.37 appeal under Arbitration Act cannot be treated as an ‘existence of dispute’.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code
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Kerala HC: Right of Creditor to Have Bank Guarantee Invoked Only During Currency of Bank Guarantee(29.04.2021)
Kerala High Court has held that the right of a creditor to have the Bank Guarantee invoked is only during the currency of the Bank Guarantee and not d.....
Tags : Kerala High Court, Bank Guarantee
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RBI Issues Gold Bonds Operational Guidelines(05.11.2015)
Reserve Bank has issued operational guidelines for Sovereign Gold Bonds, 2015-16 and mandated some operational procedures for Commercial banks and pos.....
Tags : Reserve Bank of India, Commercial banks , post offices, Gold Bonds Operational Guidelines
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IBBI Clarifies Disciplinary Committee May Impose Monetary Penalty(30.07.2021)
Insolvency and Bankruptcy Board of India (IBBI) has issued a circular wherein it was clarified that the Disciplinary Committee of an Insolvency Profes.....
Tags : Insolvency and Bankruptcy Board of India, Disciplinary Committee, Monetary Penalty
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Supreme Court Extends Stay on Construction Ban in Mumbai(27.09.2018)
Supreme Court has extended stay on construction ban in the city for a month and cleared that BMC can give permission to proposals submitted by builder.....
Tags : Supreme Court, Mumbai, Construction Ban
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MP HC Dismisses Plea Challenging Ban on Inter- State Bus Transportation Amid Covid -19(16.08.2021)
Madhya Pradesh High Court has dismissed a plea challenging ban on inter-state bus transportation amid Covid-19, by observing that prohibition on vehic.....
Tags : Madhya Pradesh High Court, Ban on Inter- State Bus Transportation
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RBI Announces Timetable Reduction in SLR(11.12.2015)
Reserve Bank of India (RBI) has announced a reduction in share of government securities known as Statutory Liquidity Ratio (SLR) that banks have to ma.....
Tags : Reserve Bank of India, Statutory Liquidity Ratio
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RBI to CICs: Give FFCR to Individuals Once a year(02.09.2016)
Reserve Bank of India (RBI) has directed Credit Information Companies (CICs) to provide access to one Free Full Credit Report (FFCR), including credit.....
Tags : Reserve Bank of India, CICs, FFCR t
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Corporate Debtor can’t Maintain Appeal Under Insolvency & Bankruptcy Code: NCLAT(16.11.2018)
National Company Law Appellate Tribunal has dismissed an appeal filed by M/s Radius Infratel Pvt. Ltd. and held that corporate debtor cannot maintain .....
Tags : NCLAT, Insolvency & Bankruptcy Code
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Changes in RTGS time window(01.09.2015)
The Reserve Bank of India notified that RTGS will not be operated on second and fourth Saturdays, but would operate for the full day on working Saturd.....
Tags : Rtgs, bank, timings, window, transfer
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Madras HC: Asian Paints to Furnish Bank Guarantee for GST Department to Release Detained Goods(02.05.2022)
Madras High Court has directed the Goods and Services Tax department to discharge the detained goods on furnishing of the bank guarantee by Asian Pain.....
Tags : Madras High Court, Goods and Services Tax, bank guarantee, Asian Paints
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Revised Guidelines for the Financial Inclusion Fund(15.10.2015)
In light of the merging of the Financial Inclusion Fund and the Financial Inclusion Technology Fund to form the FIF as it exists today, the Reserve Ba.....
Tags : Bank, financial inclusion guidelines, fund
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Madras High Court: Don't Erect Banner, Hoarding of a Living Person(25.10.2017)
Madras High Court has imposed a blanket ban on erecting hoardings, flex banners and signboards from the state's skyline with images of individuals who.....
Tags : Madras High Court, hoardings, flex banners, signboards
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CIC to CPIO: Provide Generic Details of Gross Income of Husband for Claiming Maintenance(18.08.2022)
Central Information Commission (CIC) has directed the Centre Public Information Officers (CPIO) to provide the generic details of the net taxable inco.....
Tags : CIC, Gross Income, Husband, Maintenance
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Application Under Sec. 7 of IBC can’t be Admitted After Settlement Between Parties: NCLAT(06.12.2018)
National Company Law Appellate Tribunal has declared admission of application under Section 7 of the Insolvency and Bankruptcy Code after settlement b.....
Tags : NCLAT, Section 7 of Insolvency and Bankruptcy Code
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Court of Arbitration for Sport Cuts Down Four-Year Ban on Russia from World Athletic Events(18.12.2020)
Court of Arbitration for Sport has cut the four-year ban on Russia competing in international athletic competition because of its state-sponsored dopi.....
Tags : Court of Arbitration for Sports, Ban on Russia from World Athletic Events
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Delhi HC Directs RBI to Reconsider Jindal Steel and Power Ltd Application(07.12.2020)
Delhi High Court has remanded to the Reserve Bank of India, an application by Jindal Steel and Power Ltd (JSPL) to transmit $300 million to its wholly.....
Tags : Delhi High Court, Reserve Bank of India, Jindal Steel and Power Ltd
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RBI Tightens Provisions for Yet to Fail CDR Accounts(12.01.2016)
Reserve Bank of India (RBI) has asked lenders to increase provisioning for accounts that may not have yet failed Corporate Debt Restructuring (CDR) bu.....
Tags : Reserve Bank of India, Corporate Debt Restructuring
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Del. HC: Customs Department Can’t Encash Bank Guarantee If Pre-Deposit Already Made in Appeal(13.01.2025)
Delhi High Court has affirmed that if a trader has made a pre-deposit with his appeal against the demand and penalty then the Customs Department canno.....
Tags : Delhi High Court, Bank Guarantee, Pre-Deposit
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National Human Rights Commission Issues Notice to CBI Over Alleged Torture of Ex-Bureaucrat Bansal(30.09.2016)
National Human Rights Commission has issued notice to CBI over the alleged torture of suspended senior bureaucrat BK Bansal and his family that led to.....
Tags : National Human Rights Commission, CBI, Bansal
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Insolvency Proceedings Initiated Against Himalayan Mineral Water by NCLT(11.06.2024)
National Company Law Tribunal (NCLT) on a plea by Jammu and Kashmir Bank has ordered initiation of insolvency proceedings against Himalayan Mineral Wa.....
Tags : NCLT, Jammu and Kashmir Bank, Himalayan Mineral Water
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Health Ministry permits transfer of blood between Blood Banks(19.10.2015)
To utilise its blood banks better and reduce scarcity, the Ministry of Health and Family Welfare has permitted transfer of blood from one bank to anot.....
Tags : Health, blood, bank, transfer, plasma
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Non-Residents Not Required to Disclose Their Foreign Bank Accounts: ITAT(26.11.2018)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that the non-residents are not required to disclose the details of their foreign bank accounts a.....
Tags : ITAT, Non Residents Bank Accounts
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Bombay High Court Stays Decision on DJ Ban(22.10.2018)
Bombay High Court has turned down a petition filed in the court to uplift the DJ ban which was implemented this year during Ganesh Chaturthi.
Tags : Bombay High Court, DJ BAN
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SC to Bank: ‘You Don't Go After Big Fish, But You Harass Poor Farmers’(17.05.2022)
Supreme Court has pulled up the Bank of Maharashtra for challenging an order of the Madhya Pradesh High Court directing it to accept the One Time Sett.....
Tags : Supreme Court, Bank of Maharashtra, One Time Settlement, Madhya Pradesh High Court
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RCom default: NCLAT Rejects Contempt Petition Against Anil Ambani(24.07.2019)
National Company Law Appellate Tribunal (NCLAT) has rejected contempt petitions filed against Reliance Group Chairman Anil Ambani and other officials .....
Tags : NCLAT, Anil Ambani
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Delhi HC Rejects Plea Challenging Ban on Army Officers Using Social Media(05.08.2020)
Delhi High Court has rejected a plea challenging the policy of the Indian Army which requires all members of the armed forces to delete their social m.....
Tags : Delhi High Court, Ban on Army Officers Using Social Media
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Patna HC Junks Principal Secretary’s Order to Remove Deputy Mayor(15.12.2015)
Patna HC has junked order of Principal Secretary, Urban Development and Housing Department (UDHD) to remove Roop Narayan from the post of Deputy Chief.....
Tags : Patna HC, Urban Development and Housing Department, Roop Narayan
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Madras HC Refuses to Stay Release of 'The Kerala Story' Movie(05.05.2023)
Madras High Court has dismissed the PIL seeking to ban the release of 'The Kerala Story' Movie and observed that without watching the movie it cannot .....
Tags : Madras High Court, The Kerala Story, Ban
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Delhi HC: Weak Financial Condition of Party Cannot be Sole Ground to Deposit Security/Bank Guarantee(09.05.2022)
Delhi High Court has ruled that the weak financial condition of a party cannot be the only ground to direct the party to deposit a security or bank gu.....
Tags : Delhi High Court, bank guarantee, arbitration
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RBI Permits Indian Subsidiaries of MNCs to Hedge Forex Exposure(07.11.2016)
Reserve Bank of India (RBI) has allowed Indian subsidiaries of multinational companies to hedge their foreign currency exposure through derivatives, O.....
Tags : Reserve Bank of India, Indian subsidiaries, foreign currency
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TRAI releases revised Standards of Quality of Service for Access and Broadband Services(02.08.2024)
Telecom Regulatory Authority of India (TRAI) releases revised Regulations namely 'The Standards of Quality of Service of Access (Wirelines and Wireles.....
Tags : Revised Standards, Quality, Broadband Services
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Supreme Court Annuls Allahabad HC Verdict Quashing Institutional Preference in AMU, BHU(08.06.2017)
Supreme Court has quashed Allahabad High Court’s judgment that quashed institutional preference in Aligarh Muslim University and Banaras Hindu Univers.....
Tags : Supreme Court, Allahabad High Court, Aligarh Muslim University, Banaras Hindu University
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RBI Amends Investment, Trading Rules for Banks(26.09.2017)
Reserve Bank of India (RBI) has barred banks from investing in category III Alternative Investment Funds, specified norms for their participation in c.....
Tags : Reserve Bank of India, Alternative Investment Funds
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Bombay HC Directs to Break Bank Lockers to Unveil Demonetised Notes(05.12.2016)
Bombay High Court has appointed a court receiver to break open two bank lockers belonging to estate of the late classical singer and Sangeet Natak Aca.....
Tags : Bombay High Court, bank lockers , demonetised notes
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Kar. HC: Husband Asking Wife to Pursue Education, Expressing Views About Having Child Not Cruelty(17.08.2022)
Karnataka High Court while setting aside conviction under Section 498A of Indian Penal Code has held that husband suggesting to his wife or asking her.....
Tags : Karnataka High Court, Cruelty, Husband
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Reserve Bank of India Extends Deadline to Opt for Oversight Cadre(03.02.2020)
Reserve Bank of India has extended the cut-off date for its officers to opt for the specialized supervisory and regulatory cadre till July 31.
Tags : Reserve Bank of India, Oversight Cadre
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Delhi HC Directs RBI to Reconsider Jindal Steel and Power Ltd Application(07.12.2020)
Delhi High Court has remanded to the Reserve Bank of India, an application by Jindal Steel and Power Ltd (JSPL) to transmit $300 million to its wholly.....
Tags : Delhi High Court, Reserve Bank of India, Jindal Steel and Power Ltd
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CCI Junks Compliant Against GVK Power, 2 Others(11.01.2016)
Competition Commission of India (CCI) has rejected complaints against Bangalore International Airport, GVK Power & Infrastructure and Airports Authori.....
Tags : Competition Commission of India , Bangalore International Airport, GVK Power & Infrastructure and Airports Authority of India
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Lok Sabha Passes Banning of Unregulated Deposit Schemes Bill, 2019(25.07.2019)
Lok Sabha has passed the Banning of Unregulated Deposit Schemes Bill, 2019 in a bid to save gullible investors from ponzi schemes. The Bill seeks to p.....
Tags : Lok Sabha, Banning of Unregulated Deposit Schemes Bill, 2019
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Delhi HC Upholds Ban on Social Media Use by Defence Staff(06.08.2020)
Delhi High Court has upheld the ban on social media for defence personnel, observing that it is a policy decision by the Government based on feedback .....
Tags : Delhi High Court, Ban on Social Media Use
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SC: RBI Must Disclose All Info About Banks Under RTI(17.12.2015)
Supreme Court has ruled that Reserve Bank of India (RBI) is bound in law to give information regarding private and public banks under the Right To Inf.....
Tags : Supreme Court, Right To Information , Reserve Bank of India
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SC: NCLT Has to Admit Section 7 Petition if Debt is Due(15.05.2023)
Supreme Court while observing that even non¬-payment of a part of debt when it becomes due and payable will amount to default on part of a Corporate D.....
Tags : Supreme Court, Corporate Debtor, Insolvency and Bankruptcy Code
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RBI Permits Banks to Convert Stressed Loans into Standard, Conditions Apply(25.09.2015)
RBI has said that it would permit banks to convert status of their "stressed" loans to a company into "standard" ones if entity is sold to a new major.....
Tags : RBI,Banks
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SC: NBFCs Cannot be Regulated by State Enactments(11.05.2022)
Supreme Court has ruled that state laws cannot govern Reserve Bank of India-regulated non-banking financial companies (NBFCs). The top court stated th.....
Tags : Supreme Court, Non-banking financial companies, Reserve Bank of India
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RBI Revises Norms for NBFC Factor Firms(19.02.2016)
Reserve Bank of India (RBI) has came out with clarifications for NBFC factor companies to remove any possible regulatory arbitrage with banks that pro.....
Tags : Reserve Bank of India , NBFC factor companies
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Gujarat HC: Yes Bank is a Private Entity And Not Amenable to Writ Jurisdiction(28.07.2022)
Gujarat High Court has held that 30% shareholding of State Bank of India (SBI) cannot make Yes Bank a State under Article 12 of Constitution, and ther.....
Tags : Gujarat High Court, Yes Bank, Writ Jurisdiction, State
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Patna High Court to State Government: Courts Clogged with 2 Lakh Booze Ban Cases(22.11.2019)
Patna High Court has pulled up the State Government for leaving an already burdened judiciary saddled with more than 2 lakh booze prohibition related .....
Tags : Patna High Court, Booze Ban Cases
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RBI Increases Investment Limit of FPIs(30.03.2016)
Reserve Bank of India (RBI) has increased investment limit of Foreign Portfolio Investors (FPIs) in central government bonds to Rs 2 lakh crore, from .....
Tags : Reserve Bank of India, Foreign Portfolio Investors
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IT dues payable in advance at authorised bank branches(16.05.2016)
Advance income tax can be paid at authorised banks instead of just with the Reserve Bank of India. Of the 29 banks authorised to acceptance tax remitt.....
Tags : Income tax, advance, authorised banks
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SC Bars Action Against 10-Yr Diesel & 15-Yr Petrol Vehicle Owners in Delhi NCR(13.08.2025)
The Supreme Court has directed no coercive action against owners of 10-year-old diesel and 15-year-old petrol vehicles in Delhi NCR. The order came in.....
Tags : Supreme Court, Vehicle Ban, Diesel Vehicles, Petrol Vehicles, Delhi NCR, Environmental Law
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RBI Grants NBFCs More Power to Change Ownership in Stressed Firms(30.10.2015)
Reserve Bank of India (RBI) has allowed Non-Banking Finance Companies (NBFCs) to upgrade credit facilities extended to borrowing entities whose owners.....
Tags : Reserve Bank of India, Non-Banking Finance Companies
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National GIS-Enabled Land Bank System(23.09.2020)
Government has integrated Industrial Information System (IIS) portal with the GIS System of six States in first phase to provide updates on land avail.....
Tags : GIS-Enabled, Bank System, Industrial land
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RBI Permits 100% FDI in Regulated Financial Services(21.10.2016)
Reserve Bank of India (RBI) has permitted 100 % foreign direct investment in 'Other Financial Services' carried out by NBFCs, a move which will help a.....
Tags : Reserve Bank of India, 100% FDI , Regulated Financial Services
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SC Declares Noida As Operational Creditor Under IBC(18.05.2022)
Supreme Court has ruled that the NOIDA is an operational creditor under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).
Tags : Supreme Court, NOIDA, Insolvency and Bankruptcy Code, 2016, creditor
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NCLT, Mumbai Initiates Insolvency Process Against Anil Ambani Over Personal Guarantee(24.08.2020)
National Company Law Tribunal, Mumbai has allowed an application filed by State Bank of India to initiate insolvency proceedings against Reliance Comm.....
Tags : National Company law Tribunal, Anil Ambani
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HP HC Upholds Guidelines by NABARD Regarding Appointment of Auditors for Cooperative Banks(26.06.2023)
Himachal Pradesh High Court has upheld guidelines issued by NABARD regarding the appointment of statutory auditors for Cooperative Banks and observed .....
Tags : Himachal Pradesh High Court, Guidelines, NABARD, Cooperative Banks
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NGT: Make Rules for Regulation of Banquet Halls(26.09.2019)
National Green Tribunal (NGT) has directed the Delhi Government to formulate guidelines pertaining to the regulation of banquet halls across the city,.....
Tags : NGT, Banquet Halls
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Telangana HC Directs State to Immediately Ban Sale/Use of Fireworks During Diwali(13.11.2020)
Telangana High Court has directed the State to immediately ban the sale and use of fireworks by the people and by organisations noting that uncontroll.....
Tags : Telangana High Court, Ban Sale/Use of Fireworks
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Del. HC: Department Can't Hold Compliance once Court Orders Release of Bank Guarantee by Trader(24.01.2025)
Delhi High Court has observed that once the Court has ordered release of the bank guarantee furnished by a trader, Customs Department cannot hold back.....
Tags : Delhi High Court, Bank Guarantee, Customs Department
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RBI: Small Finance Banks Can Join Payment System(23.12.2015)
Reserve Bank of India (RBI) has said that entities who received in-principle approval for setting up payments banks and small finance banks can join a.....
Tags : Reserve Bank of India, payment system
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Rajasthan High Court Refuses to Interfere with Firecracker Ban Order(17.11.2020)
Rajasthan High Court has refused to interfere with Rajasthan Government's Firecracker ban order, remarking that right to life embodies a constitutiona.....
Tags : Rajasthan High Court, Cracker Ban
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SC Asks about Union’s Purpose of Detaining Illegal Bangladeshi Immigrants Indefinitely(04.02.2025)
Supreme Court has asked the Central Government about its purpose of indefinitely detaining hundreds of illegal Bangladeshi immigrants instead of depor.....
Tags : Supreme Court, Central Government, Bangladeshi Immigrants
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Delhi Court Dismisses Plea Against 2nd Husband, As Earlier Marriage Was in Subsistence(12.02.2016)
A Delhi Court, while dismissing a woman's plea seeking relief in a domestic violence case filed against her second husband, has said that woman who ti.....
Tags : Delhi Court, 2nd Husband
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Bombay HC Dismisses Anil Ambani's Plea against SBI's Fraud Loan Classification(03.10.2025)
Bombay High Court refused to quash the State Bank of India’s order classifying the loan account of Reliance Communications and its chairman, Anil Amba.....
Tags : SBI, Anil Ambani, Loan
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Delhi HC Asks RBI to Submit its Latest Circular on FDI Policy(27.01.2016)
While hearing a public interest litigation seeking a thorough investigation against all firms that have received FDI, Delhi High Court has sought a re.....
Tags : Delhi High Court, Reserve Bank of India, FDI policy
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RBI Issues Revised Guidelines For Commercial Papers(03.02.2017)
Reserve Bank of India (RBI) has issued revised guidelines for commercial papers, including mandating that the issuer must disclose end-use of such fun.....
Tags : Reserve Bank of India, commercial papers
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Gujarat HC Quashes Rape Charges Against Ex-Husband for having Sexual Relations After Alleged Divorce(30.01.2019)
Gujarat High Court recently quashed rape charges levelled by a woman against her ex-husband who allegedly cohabited with her even after the dissolutio.....
Tags : Gujarat High Court, Rape Charges Against Ex-Husband
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P&H HC: Possession of Contraband Need Not Necessarily Attract NDPS Provisions(07.09.2021)
Punjab and Haryana High Court has reiterated that possession of contraband by a person is not necessary to attract the rigors of the Narcotic Drugs an.....
Tags : Punjab and Haryana High Court, Possession of Contraband
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Karnataka High Court Restrains IDBI Bank Employees from Carrying Out Strike(28.03.2016)
Karnataka HC while passing order on the petition filed by the IDBI Bank’s management challenging the notices issued by United Platform of Bank Unions .....
Tags : Karnataka High Court, IDBI Bank
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Tel. HC Stay GO Which Regularized Notarized Documents of Non-Agricultural Urban Land Sales(26.09.2023)
Telangana High Court has stayed the Government Order (GO) in as much as it seeks to regularize the notarized documents in relation to non-agricultural.....
Tags : Telangana High Court, Notarized Documents, Non-Agricultural Urban Land
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SC: If Prosecution Fails to Disprove Accused’s Plea of Alibi then Conviction Won’t be Justified(10.04.2025)
Supreme Court while setting aside a husband’s conviction for murdering his wife has observed that conviction is not justified if the husband raised th.....
Tags : Supreme Court, Husband’s Conviction, Plea Of Alibi
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RBI Imposes Rs 27-Crore Penalty on 13 Banks for FEMA Violations(28.07.2016)
Reserve Bank of India (RBI) has penalized 13 banks and slapped a fine of Rs 27 crore for violation of Foreign Exchange Management Act (FEMA) provision.....
Tags : Reserve Bank of India , FEMA, banks
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Suryoday Small Finance Bank Limited commences operations(23.01.2017)
Suryoday Small Finance Bank Limited has commenced its operations as a small finance bank with effect from January 23, 2017. The Reserve Bank has issue.....
Tags : Finance Bank, Small, Operations
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RBI Releases Fifth Bi-monthly Monetary Policy Statement, Maintains Status Quo on Repo Rate(08.02.2017)
Reserve Bank of India (RBI) has issued its sixth Bi-monthly Policy Statement for the year, wherein Apex Bank decided to hold on to repo rate at 6.25 p.....
Tags : Reserve Bank of India, Bi-monthly Policy Statement, repo rate
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SAT Reduces Market Ban on Inventure Growth(11.10.2019)
Securities Appellate Tribunal has reduced the market ban period on Inventure Growth and Securities to three years as well as set aside restrictions on.....
Tags : SAT, Market Ban
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Reserve Bank of India imposes monetary penalty on Federal Bank Limited(03.10.2018)
The Reserve Bank of India (RBI) has imposed, by an order dated September 25, 2018, a monetary penalty of Rs. 50 million on Federal Bank Limited (the b.....
Tags : Penalty, Federal bank, Imposition
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RBI Keeps Repo Rate Unchanged at 6%, Raises Inflation Forecast for Next Two Quarters(06.12.2017)
Reserve Bank of India (RBI) has kept repo rate unchanged at 6 percent. The inflation forecast for the next two quarters has been increased from 4.2 - .....
Tags : Reserve Bank of India
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SC to Delhi Police: Cases Against Persons Bursting Firecrackers Not the Solution(15.09.2023)
Supreme Court while observing that filing cases against persons bursting firecrackers may not be the solution as there is no point in taking action af.....
Tags : Supreme Court, Firecracker Ban, Delhi Police
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SC Declines to Entertain Plea by PMC Bank Account Holders for Lifting Cash Withdrawal Restrictions(18.10.2019)
Supreme Court has declined to entertain plea by Punjab & Maharashtra Co-operative Bank account holders seeking directions to Reserve Bank of India aga.....
Tags : SC, PMC Bank
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Withdrawal of all old series of Banknotes issued prior to 2005(23.12.2015)
The Reserve Bank of India has extended the date by which pre-2005 banknotes are to be exchanged to 30 June, 2016. An earlier notification had set 31 D.....
Tags : Banknotes, old series, 2005, withdrawal
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SC: Consumer Complaint Against Bank Maintainable Over Dispute on Encashment of FD(23.08.2022)
Supreme Court has held that consumer complaint in a dispute regarding premature encashment of Joint Fixed Deposit by bank in contravention of terms an.....
Tags : Supreme Court, Consumer Complaint, Bank
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Timeframe for implementation of Ind AS for scheduled commercial banks(11.02.2016)
The Reserve Bank of India notified scheduled commercial banks are required to comply with Indian Accounting Standards (Ind AS) for accounting periods .....
Tags : Indian accounting standards, commercial banks, implementation
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NCLAT: DRT Recovery Time Counts under Limitation Act Section 14(08.10.2025)
NCLAT ruled that Section 14 of the Limitation Act does not apply to creditors who started recovery proceedings before the Debt Recovery Tribunal under.....
Tags : Recovery of Debt and Bankruptcy Act, Limitation, Debt Recovery Tribunal
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RBI permits internet banking in regional rural banks(19.11.2015)
The Reserve Bank of India permitted Regional Rural Banks to provide internet banking facilities to their customers, provided they have implemented the.....
Tags : Regional, rural bank, internet banking
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RBI Capped Withdrawal From Jan Dhan Accounts to Rs. 10000 Per Month(30.11.2016)
Reserve Bank of India (RBI) has issued a notification saying that Jan Dhan Account Holders will be allowed to withdraw only Rs 10,000 a month, as a te.....
Tags : Reserve Bank of India, Jan Dhan Account, money laundering, withdraw
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Madhya Pradesh High Court Stays RBI Circular on Urban Cooperative Banks(06.09.2021)
Madhya Pradesh High Court has stayed a circular issued by the Reserve Bank of India (RBI) on June 25 which laid down several conditions related to Urb.....
Tags : Madhya Pradesh High Court, RBI Circular on Urban Cooperative Banks
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Will Not Allow Hadiya’s Husband to Meet Her, Says Hadiya’s Guardian and College Principal(29.11.2017)
Will Not Allow Hadiya’s Husband to Meet Her, Says Hadiya’s Guardian and College Principal
Tags : The Supreme Court ordered the college administration to treat Hadiya like any other student and as per hostel rules, but remained silent on whether Shafin Jehan, Hadiya’s husband, or her parents would be allowed to meet her while she completes her studies.
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Supreme Court Dismisses Plea Against Bangladeshi Migrants(03.04.2017)
Supreme Court has junked a PIL seeking action against illegal Bangladeshi migrants whose influx has affected the sovereignty and integrity of the coun.....
Tags : Supreme Court, Bangladeshi migrants
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Central Government approves recapitalisation of Export-Import Bank of India(16.01.2019)
The Union Cabinet, chaired by the Prime Minister has approved the recapitalization of EXIM Bank. Recapitalization Bonds by Government of India to the.....
Tags : Recapitalisation, Exim bank, Approval
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India Signs Loan Agreement with World Bank for USD 100 Million for "Shared Infrastructure for Solar Parks Project"(20.11.2017)
A Guarantee Agreement for IBRD/CTF loan of USD 98 million and Grant Agreement for USD 2 million for the "Shared Infrastructure for Solar Parks Project.....
Tags : Loan Agreement, World Bank, Solar Parks, Project
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Supreme Court Reduces Highway Liquor Ban Distance from 500m to 220m in Small Towns(03.04.2017)
Supreme Court has partially modified its order banning liquor vendors in the vicinity of 500 metres on National and State highways. However it refused.....
Tags : Supreme Court, Highway Liquor Ban
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SC Stays NCLAT Order That Said Limitation Act Doesn’t Apply To Proceedings Under IBC(11.01.2018)
Supreme Court has stayed the order of the National Company Law Appellate Tribunal which said the provisions of the Limitation Act were not applicable .....
Tags : Supreme Court, Insolvency and Bankruptcy Code
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Extension of last date to receive comments on TRAI's Consultation Paper on Data Speed under Wireless Broadband Plans dated 1st June, 2017(28.06.2017)
Telecom Regulatory Authority of India (TRAI) had invited comments of stakeholders on Consultation Paper on Data Speed under Wireless Broadband Plans d.....
Tags : Extension, date, Data Speed, Broadband Plans
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Bombay High Court Rejects Plea to Let Bars, Permit Rooms Reopen After Highway Booze Ban(01.06.2017)
Bombay High Court has refused to allow more than a dozen hotels and permit rooms that had been sealed after Supreme Court’s ban on sale of liquor with.....
Tags : Bombay High Court, Highway Booze Ban
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RBI Relaxes Norms on Loans to CEOs, Directors of Banks(17.09.2015)
RBI has said that loans granted to CEO and Whole Time Director of banks for purchasing car, personal computer, furniture, constructing/acquiring house.....
Tags : RBI, Loans to CEOs, Directors of Banks
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Allahabad HC Dismisses Husband's Plea to Quash FIR Filed for Causing Injuries to Wife(14.10.2020)
Allahabad High Court has dismissed a plea filed by the husband to quash the First Information Report under Section 307 of the Indian Penal Code, 1860 .....
Tags : Allahabad High Court, Dismissal of FIR, Injuries to Wife by Husband
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Supreme Court Reiterates Section 18 Limitation Act Is Applicable To IBC Proceedings(19.05.2022)
Supreme Court reiterates that the provisions of Section 18 of the Limitation Act are applicable to proceedings under the Insolvency and Bankruptcy C C.....
Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016, Section 18 Limitation Act
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SC: Bombay High Court Verdict Upholding Hijab Ban in College Challenged(06.08.2024)
A plea challenging verdict of Bombay High Court upholding the ban imposed on the wearing of hijab, nakab, burkha, stole, cap, etc., by students on cam.....
Tags : Supreme Court, Bombay High Court, Hijab Ban, Private College
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Delhi HC Issues Notice to UOI on Women Plea Seeking Information on Missing Husband(17.08.2021)
Delhi High Court has issued notice to the Union of India on the woman's plea seeking verified information about her husband's whereabouts and repatria.....
Tags : Delhi High Court, Information on Missing Husband
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Supreme Court: Non Production of Entire Contraband is no Ground for Acquittal by Itself(30.09.2019)
Supreme Court has ruled that non-production of contraband material by itself is not a ground for acquittal in case its seizure is otherwise proved. Th.....
Tags : Supreme Court, Contraband
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P&H HC Denies Quashing Chandigarh Administration's Order Putting Ban on Sale or Use of Crackers(17.11.2020)
Punjab & Haryana High Court on has denied granting any relief to Chandigarh Cracker Dealers Association, which had challenged the Union Territory, Cha.....
Tags : Punjab and Haryana High Court, Ban on Sale or Use of Crackers
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Madras HC Appoints Wife as Husband’s Guardian to Deal with Assets of Husband in Coma(13.01.2016)
Madras High Court, while providing relief to a 40-year old woman struggling to meet mounting treatment cost of her husband who is in coma for the past.....
Tags : Madras High Court, Wife as Husband’s Guardian t
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NCLAT Upholds Canara Bank’s Claims for Loans Advanced to CD on behalf of Homebuyers(14.01.2025)
NCLAT New Delhi bench has upheld the claims of Canara Bank for loans advanced to the corporate debtor (CD) on behalf of the Homebuyers for the reason .....
Tags : NCLAT New Delhi, Canara Bank, Corporate Debtor
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Bombay HC Directs Railways to Make Suburban Stations Disabled-Friendly(19.01.2017)
Bombay High Court has warned Railways that it will initiate contempt proceedings against General Managers of Central and Western Railways if it does n.....
Tags : Bombay High Court , Railways, Suburban Stations, Disabled-Friendly
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Delhi HC Seeks ICICI’s Response on Plea Alleging Lack of Accessibility Standards for PWDs(02.07.2025)
Delhi High Court has sought response from ICICI Bank Limited in a plea alleging lack of accessibility standards for persons with disabilities (PWDs) i.....
Tags : Delhi High Court, ICICI Bank Limited, Digital Banking Services
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Kerala High Court Calls for Ban on Nokkukooli, Calls It Illegal & Unconstitutional(21.12.2021)
Kerala High Court has pronounced an elaborate judgment observing that the practice of demanding gawking charges, often referred to as nokkukooli in Ma.....
Tags : Kerala High Court, Ban on Nokkukooli
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RBI: Banks Cannot Refuse to Accept Scribbled, Coloured, Faded Bank Notes(01.05.2017)
Reserve Bank of India (RBI) has clarified by its notification dated 25th April 2017 that bank branches cannot refuse to accept scribbled/coloured/fade.....
Tags : Reserve Bank of India, Scribbled, Coloured, Faded Bank Notes
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Reserve Bank of India imposes monetary penalty on SBM Bank (India) Ltd(16.10.2019)
The Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of Rs. 3 crore on SBM Bank (India) Ltd. for non-co.....
Tags : Penalty, Imposition, SBM Bank
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UK Court: Anil Ambani to Pay USD 100 Million in Conditional Order for Chinese Banks(10.02.2020)
UK Court has directed Reliance Group chairman Anil Ambani to pay USD 100 million within six weeks towards a conditional order granted to three Chinese.....
Tags : UK Court, Anil Ambani
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RBI Permits Regional Rural Banks (RRB) to Launch Internet Banking(20.11.2015)
Reserve Bank of India (RBI) has allowed strong regional rural banks to launch online transaction through internet banking. Profitable RRBs with minimu.....
Tags : Reserve Bank of India , RRB
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CIC: Records of Loans to Adani Groups Cannot be Disclosed under RTI(28.11.2016)
Central Information Commission (CIC) has held that records related to loans given to industries promoted by Gautam Adani cannot be disclosed as these .....
Tags : Central Information Commission, Gautam Adani , State Bank of India , Loans
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Madras HC Directs Indian Bank to Return to Channai Port Trust Amount Following Fraudulent Transaction(25.08.2021)
Madras High Court has directed Indian Bank, Koyambedu branch, to return to Chennai Port Trust (CPT) Rs. 55.19 crore out of Rs. 100.57 crore that had g.....
Tags : Madras High Court, Indian Bank
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Bank Lending and Loan Quality: The Case of India(14.12.2016)
The Reserve Bank of India today placed on its website a Working Paper titled 'Bank Lending and Loan Quality: The Case of India' under the Reserve Bank.....
Tags : Bank Lending, Loan Quality, Working paper
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NCLT, Kolkata: IRP Against Legal Heirs of Personal Guarantor by Financial Creditor Not Permissible(11.04.2022)
National Company Law Tribunal, Kolkata has held that the application is not maintainable against legal heirs of the Personal Guarantor under the Insol.....
Tags : National Company Law Tribunal, Financial Creditor, Personal Guarantor, Bank of Baroda
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Expert committee to assist Government for assessment of relief to bank borrowers(10.09.2020)
Various concerns have been raised during the proceedings of the ongoing hearing in Hon'ble Supreme Court of India, in the matter of Gajendra Sharma Vs.....
Tags : Expert committee, Assistance, Bank borrowers
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Bombay HC Grants Interim Stay on Week-Long Ban on Care World TV Channel(09.11.2016)
Bombay High Court has granted interim stay on week-long Government ban on Care World TV Channel for allegedly showing objectionable content.
Tags : Bombay High Court, Care World TV Channel, ban
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Invocation of bank guarantee restricted only for fraud and irretrievable injustice(02.11.2015)
The Delhi High Court allowed an appeal against an order restraining the encashment of a bank guarantee by the Appellant. It noted that as per preceden.....
Tags : Bank guarantee, prejudice, future success
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Finance Ministry Clarifies that Members of Queer Community Can Open Joint Bank Accounts(30.08.2024)
Ministry of Finance has issued a notification clarifying that members of the queer community can open a joint bank account and can also nominate their.....
Tags : Ministry of Finance, Queer Community, Joint Bank Accounts
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Bombay HC Refuses to Hear Co-operative Banks Plea on Demonetization Issue(25.11.2016)
Bombay High Court has said that it cannot hear petitions filed by District Co-operative Banks on demonetization issue or grant any relief to them, and.....
Tags : Bombay High Court, Co-operative Banks, demonetization
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Unity Small Finance Bank Limited commences operations(01.11.2021)
Unity Small Finance Bank Limited has commenced operations as a small finance bank with effect from November 1, 2021. The Reserve Bank has issued a lic.....
Tags : Finance Bank, Operations, Commencement
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Delhi HC Refuses to Grant Interim Relief to Abhishek Banerjee in Plea Seeking Quashing of Summons(22.09.2021)
Delhi High Court has refused to grant interim relief to All India Trinamool Congress MP Abhishek Banerjee and his wife in their plea seeking quashing .....
Tags : Delhi High Court, Abhishek Banerjee
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Bombay HC Permits Mangroves Trimming for Metro Project(22.12.2016)
Bombay High Court has granted permission for cutting mangroves at Bandra Kurla Complex (BKC) and Malwani for Metro Line II project.
Tags : Bombay High Court, mangroves , Bandra Kurla Complex, Metro Line
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Government: Bank Deposits Before April 01, 2016 Can be Declared Under PMGKY(19.01.2017)
Govt has clarified that deposits in bank accounts made before 1 April 2016 can also be declared under Pradhan Mantri Garib Kalyan Yojana (PMGKY), the .....
Tags : Bank Deposits, Pradhan Mantri Garib Kalyan Yojana, income disclosure scheme
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Bombay HC Dismisses NIA's Appeal to Set Aside Bail Granted to Bookie in Ambani Terror Scare Case(21.12.2021)
Bombay High Court has dismissed the National Investigation Agency's (NIA) appeal and refused to set aside the order granting bail to bookie Naresh Gau.....
Tags : Bombay High Court, Ambani Terror Scare Case
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India Signs Loan Agreement with the World Bank for USD 25.2 Million for Chhattisgarh Public Financial Management and Accountability Program(05.03.2019)
The Government of India, the State Government of Chhattisgarh and the World Bank signed here in New Delhi today a $25.2 Million Loan Agreement to supp.....
Tags : Loan Agreement, World bank, Signing of
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RBI Increases Short-Term Borrowing Capacity of Central Government(21.04.2020)
Reserve Bank of India has increased the short-term borrowing capacity of the Central Government by over 65% to temper market fears that excessive borr.....
Tags : Reserve Bank of India, Short-Term Borrowings of Government
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#GST: CBEC Notifies Aadhaar/ Bank Account Based Verification for Purpose of CGST Rules(21.06.2017)
Central Board of Excise and Customs (CBEC) has notified Aadhaar based Electronic Verification Code (EVC) or Bank account based One Time Password as mo.....
Tags : Goods and Services Tax, GST, CGST Rules, Aadhaar/ Bank Account
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Manager of Nationalized Bank Though a Public Servant Can't Claim Protection U/S 197 CrPC: SC(01.05.2019)
Supreme Court has observed that a public servant working in a nationalized bank cannot claim benefit of Sanction under Section 197 of the Criminal Pro.....
Tags : Supreme Court, Nationalized Bank, Section197 CrPC
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SC: SARFAESI Act Applicable to Cooperative Banks(06.05.2020)
Supreme Court has held that the co-operative banks under the State legislation and multi-State co-operative banks are 'banks' under Section 2(1)(c) of.....
Tags : Supreme Court, Cooperative Banks
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Insolvency and Bankruptcy Bill, 2015(09.11.2015)
The Ministry of Finance has placed the draft Insolvency and Bankruptcy Bill, 2015 on its website and is receiving comments on it till 19 November 2015.....
Tags : Bankruptcy, insolvency, draft, bill, 2015, report
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Bombay HC: Mere Repayment of Loan Amount ‘No Ground’ For Quashing Cheating Case(29.03.2017)
Bombay High Court has held that re-payment of loan amount will not have any adverse effect on a criminal prosecution and observed that offences involv.....
Tags : Bombay High Court, banking and loan transactions
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RBI Allows NRIs to Access ETCS Market(03.02.2017)
Reserve Bank of India (RBI) has allowed NRIs access to Exchange Traded Currency Derivatives (ETCD) market to hedge currency risk arising out of their .....
Tags : Reserve Bank of India, Exchange Traded Currency Derivatives
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Supreme Court Upholds Validity of Insolvency & Bankruptcy Code(28.01.2019)
Supreme Court has upheld the two-year old insolvency code in its entirety, quashing petitions which challenged the law saying it was discriminatory.
Tags : Supreme Court, Insolvency & Bankruptcy Code
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Madras High Court Dismisses Plea Seeking Ban on Chanting of Mantras in Tamil in Temples(06.09.2021)
Madras High Court has rejected a Public Interest Litigation (PIL) seeking directions to be issued to the Tamil Nadu government to withdraw the 'Annai .....
Tags : Madras High Court, Ban on Chanting of Mantras in Tamil in Temples
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Apex Court Directs Bank to Compensate School who Lost Money in Online Banking Fraud(20.12.2019)
Apex Court has directed a Bank to give compensation of Rs 25 Lakhs to a school whose money from the bank account was siphoned out by the miscreants. T.....
Tags : Apex Court, Online Banking
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Kerala High Court: Don’t Misconstrue Court Order On Highway Liquor Ban(18.08.2017)
Kerala High Court has held that with regard to prohibition of liquor outlets near national highways, relevant distance is to be measured from outer ed.....
Tags : Kerala High Court, Highway Liquor Ban
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Madras HC Restrains Political Parties from Erecting Digital Banners on Roads in TN(20.12.2018)
Madras High Court has restrained all the political parties in Tamil Nadu from erecting digital banners and hoardings on arterial roads posing a risk t.....
Tags : Madras High Court, Erecting Digital Banners
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Calcutta HC Allows Bail Application of Former TMC aide Ayan Sil in Recruitment Scam Case(03.12.2024)
Calcutta High Court has allowed a bail application filed by the former TMC leader, Santanu Banerjee's aide Ayan Sil in connection with the recruitment.....
Tags : Calcutta High Court, Santanu Banerjee, Ayan Sil, recruitment scam case
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Central Government hereby declares the services in the Bank Note Paper Mill India Private Limited, Mysore, Karnataka to be a public utility service for the purposes of Industrial Disputes Act, 1947(11.02.2021)
Whereas the Central Government is satisfied that the public interest so requires that the services in the Bank Note Paper Mill India Private Limited, .....
Tags : Bank Note Paper Mill, Public utility, Industrial Disputes Act
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Supreme Court Vacates Blanket Ban Restraining Courts From Hearing Disputes Related to BCCI(14.12.2020)
Supreme Court has vacated its nearly two-year old blanket ban restraining other courts from hearing disputes related to the Board of Control for Crick.....
Tags : Supreme Court, Disputes Related to BCCI, Blanket Ban
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ITAT, Mumbai: Data Processing Cost Paid by KBC Bank Branch to Head Office Isn’t Royalty(04.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has upheld the order passed by CIT(A) holding that the Data Processing Cost paid by the KBC Bank Branch t.....
Tags : Income Tax Appellate Tribunal, KBC Bank Branch
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SC Recalls Order for Promotion Quota in Banks(11.01.2016)
Supreme Court has recalled its direction to grant quota in promotions to SC/ST employees in higher grade posts in public sector banks, and left it to .....
Tags : Supreme Court, quota in promotions to SC/ST employees , public sector banks
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NCLAT: Section 43(1) of IBC applicable when Corporate Debtor has given a preference in transaction(09.12.2024)
National Company Law Appellate Tribunal (NCLAT) has observed that the condition precedent for attracting Section 43(1) of Insolvency and Bankruptcy Co.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016
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Incognito visits to check banks’ customer service(16.02.2016)
The Reserve Bank of India is set to undertake incognito visits to bank branches to check the culture towards customer complaints in banks. It will als.....
Tags : Banks, Customer complaints, culture, charter
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SC: Trail Under NDPS Act Stands Vitiated if Samples are Drawn Violating Section 52A(16.10.2023)
Supreme Court has held that once it is apparent that the seized contraband and the samples drawn therefrom were not as per the mandate of Section 52A .....
Tags : Supreme Court, NDPS, Contraband, Section 52A
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Supreme Court Stays Bombay High Court Order Directing Sale of HDIL Assets to Repay Dues of PMC Bank(10.02.2020)
Supreme Court has stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment .....
Tags : Supreme Court, PMC Bank
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Karnataka High Court Dismisses PIL Seeking Ban on Online Betting And Gambling(02.11.2021)
Karnataka High Court has dismissed a Public Interest Litigation seeking direction to State government on ban of online betting and gambling, keeping i.....
Tags : Karnataka High Court, Ban on Online Betting And Gambling
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Chhattisgarh HC: Existence of Serious Dispute Between Husband and Wife Not Prerequisite for Divorce(21.09.2021)
Chhattisgarh High Court has held that the existence of a serious dispute between husband and wife is not a prerequisite for the grant of divorce by mu.....
Tags : Chhattisgarh High Court, Existence of Serious Dispute Between Husband and Wife
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RBI Relaxes Deposits Norm of More Than Rs 5,000 in Old Denominations For KYC A/Cs(21.12.2016)
Reserve Bank of India has relaxed its notification, specifying that deposits of over 5000 rupees could be made only after furnishing a satisfactory re.....
Tags : Reserve Bank of India, Old Denominations, Deposits, KYC A/Cs, demonetisation
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Patna HC Notices Bihar Govt Over Proposed Human Chain Programme(19.01.2017)
Patna High Court has directed Bihar Government to reply on school children being roped in for proposed human chain programme in support of prohibition.....
Tags : Patna High Court , Human Chain Programme, Liquor Ban
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Calcutta HC Imposes Blanket Ban on Fireworks to Curb Air Pollution Amid Covid Pandemic(06.11.2020)
Calcutta High Court has clamped a blanket ban on fireworks to curb pollution amid the Covid-19 pandemic in Bengal till the end of November, 2020 “for .....
Tags : Calcutta High Court, Ban on Fireworks
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SC: Bank Officers Dealing in Public Money to be Vigilant(09.02.2021)
Supreme Court has said bank officers dealing in public money need to be vigilant and any deviation from the procedural guidelines for disbursing loans.....
Tags : Supreme Court, Bank Officers Dealing in Public Money
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Delhi HC: Wife Making Serious Allegations of Criminal Conduct, Unable to Prove, Amounts to Cruelty(12.11.2021)
Delhi High Court has observed that a wife making serious allegations of criminal conduct against her husband and his parents, which she was unable to .....
Tags : Delhi High Court, Cruelty Against Husband
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Tripura HC Stays Investigation Against Trinamool Congress General Secretary Abhishek Banerjee(24.09.2021)
Tripura High Court has stayed investigation against Trinamool Congress General Secretary Abhishek Banerjee, MP Dola Sen, West Bengal Minister Bratya B.....
Tags : Tripura High Court, Trinamool Congress General Secretary Abhishek Banerjee
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PMGKD Scheme Amended to Exclude Co-operative Banks From Accepting Deposits(23.01.2017)
Central Government has amended Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 to exclude Co-operative Banks from accepting deposits under P.....
Tags : Pradhan Mantri Garib Kalyan Deposit Scheme, Co-operative Banks
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Delhi HC Disposes Plea Challenging Ban on Religious Gatherings on Christmas, New Year(27.12.2021)
Delhi High Court has disposed of the plea challenging the orders of Delhi Government imposing a complete ban on religious gatherings during Christmas .....
Tags : Delhi High Court, Ban on Religious Gatherings on Christmas, New Year
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Supreme Court Says BHU ‘Curfew Timings’ Are for Safety of Girl Students(05.01.2018)
Supreme Court has refused to examine the validity of Banaras Hindu University (BHU) rules that fixed a deadline for girl students on staying outside t.....
Tags : Supreme Court, Banaras Hindu University
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Madras HC Allows ICICI Bank to Recover Rs. 222 Crore Dues from Subhiksha Trading Services(07.02.2019)
Madras High Court, in a reprieve to ICICI Bank, has ruled that it finds no ground to interfere in order of Chennai Debts Recovery Appellate Tribunal .....
Tags : Madras High Court, Subhiksha Trading Services, ICICI Bank
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Ker. HC: Local Self Governments Who Can’t comply with Directions Must Step Down(25.05.2023)
Kerala High Court while warning government on the issue State’s inaction pertaining to unauthorized banners in public places, has stated that if Local.....
Tags : Kerala High Court, Local Self Governments, Unauthorized Banners
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Delhi HC: Husband’s Changed Circumstances Must be Considered While Determining Maintenance(13.06.2022)
Delhi High Court has held financial capacity of the husband with reasonable expenses for his own maintenance, and dependant family members whom he is .....
Tags : Delhi High Court, Maintenance, Husband
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Karnataka HC Seeks Response on Failure to Bring Regulation Banning Online Gambling(05.07.2021)
Karnataka High Court has directed the Chief Secretary to within a week file an affidavit setting out the reasons why the State Government has not abid.....
Tags : Karnataka High Court, Ban on Online Gaming
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Bombay High Court Rejects PMC Bank Depositors' Plea for Lifting Withdrawal Cap(06.12.2019)
Bombay High Court has rejected pleas of the depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank, seeking lifting of restriction.....
Tags : Bombay High Court, PMC Bank
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Supreme Court Upholds Ban on Registration of Diesel SUV and Cars over 2000 cc to Continue(05.01.2016)
Supreme Court has said that a ban on sale and registration of diesel vehicles with engine capacities of 2,000 cc and above in National Capital Region .....
Tags : Supreme Court, Ban on Registration of Diesel SUV and Cars
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Madras High Court Dismisses Plea Seeking a Ban on Chanting of Mantras in Tamil in Temples(13.09.2021)
Madras High Court has rejected a Public Interest Litigation (PIL) seeking directions to be issued to the Tamil Nadu government to withdraw the 'Annai .....
Tags : Madras High Court, Ban on Chanting of Mantras in Tamil in Temples
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RBI Imposes Fine on SBI for Failure to Comply with Fraud Classification Rules(19.10.2021)
Reserve Bank of India has slapped a fine of Rs 1 crore on State Bank of India for failing to comply with fraud classification rules. The regulator sai.....
Tags : Reserve Bank of India, State Bank of India
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RBI Imposes Rs 1.75-Crore Penalty on Indian Bank for Non-Compliance(21.11.2019)
Reserve Bank of India has imposed a monetary penalty of a total of Rs 1.75 crore on Indian Bank for non-compliance with its various directions. The no.....
Tags : RBI, Indian Bank
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Delhi HC Denies to Vacate Stay on Drug Ban(30.03.2016)
Delhi HC has declined to vacate stay earlier granted to certain drug brands banned by the health ministry, and said it would hear all final arguments .....
Tags : Delhi HC, Drug Ban
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SC Dismisses Two Officials for Tampering With Order Directing Personal Appearance of Anil Ambani(14.02.2019)
Supreme Court has summarily dismissed two court masters- Manav Sharma and Tapan Kumar Chakraborty- for tampering with the January 7 order directing pe.....
Tags : Supreme Court, Anil Ambani
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RBI Launches Website “Sachet” to Tackle Fraud(05.08.2016)
Reserve Bank of India (RBI) has launched a website named “Sachet” from which anyone can obtain information regarding entities that are allowed to acce.....
Tags : Reserve Bank of India , Sachet
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SC: Direction Can be Issued to Transfer Compensation to Bank Account of Claimants(19.03.2025)
SC has observed that the general practice followed by insurance companies, where compensation is not disputed, is to deposit it before the Tribunal. I.....
Tags : Supreme Court, Compensation, Bank Account
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SC: Courts Should Refrain from Interfering With Invocation of Bank Guarantee Except in Cases of Fraud(08.05.2025)
Supreme Court has observed that it is well established that Courts should refrain from interfering with the invocation of a bank guarantee except in c.....
Tags : Supreme Court, Bank Guarantee, Fraud
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Allahabad HC Enquires Over Woman Harassed Being Forced to Return to Husband(09.07.2021)
Allahabad High Court has called for an explanation from Senior Superintendent of Police, Aligarh, and the Superintendent of Police, Kasganj as to why .....
Tags : Allahabad High Court, Woman Harassed Being Forced to Return to Husband
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Gujarat HC Set Aside Provisional Attachment of Bank Accounts of Person Accused of Tax Evasion(03.11.2020)
Gujarat High Court has quashed the order for provisional attachment of the five bank accounts of a person accused of tax evasion under Section 74(1) o.....
Tags : Gujarat High Court, Provisional Attachment of Bank Accounts
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NGT Imposes Nationwide Ban on Use of Manja for Kite Flying(15.12.2016)
National Green Tribunal (NGT) has banned nylon and glass-coated cotton kite strings or manja across the country in view of its threat to humans, anima.....
Tags : National Green Tribunal, Ban , Manja
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Kerala HC: No Ban on Journalists from Reporting Court Proceedings(01.08.2016)
Kerala HC has said that there is no ban on journalists reporting court proceedings but the judges would be at liberty to decline access to any person .....
Tags : Kerala HC , Ban on Journalists
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Bombay HC Slams RBI For Not Exchanging Old Notes in Deceased’s Locker(03.02.2017)
Bombay High Court came down heavily on Reserve Bank of India (RBI) for not complying with its order to change demonetised currency notes totalling Rs .....
Tags : Bombay High Court , Reserve Bank of India
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Involvement of bank officials in money laundering during post monetization(07.02.2017)
Enforcement Directorate has intimated that bank employees have been found indulging in money laundering and other unfair practices during the phase of.....
Tags : Bank officials, money laundering, Investigation
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SEBI Allows Payments Banks to Carry Out Activities of Investment Bankers(04.08.2021)
Securities and Exchange Board of India has allowed payments banks to carry out the activities of investment bankers to provide easy access to investor.....
Tags : Securities and Exchange Board of India, Activities of Investment Bankers
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ITAT, Mumbai: Interest Income Earned by HSBC Bank Not Eligible to Tax(14.07.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that interest income of Rs 1,498 crore earned by HSBC Bank during the assessment year 2015-16 f.....
Tags : Income Tax Appellate Tribunal, HSBC Bank
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Reserve Bank of India Keeps Lending Rate Unchanged in the Bi-Monthly Monetary Policy(06.08.2020)
Reserve Bank of India has come out with the Bi-Monthly Monetary Policy whereby the key lending rate has remained unchanged. The Committee has kept rep.....
Tags : Reserve Bank of India, Bi-Monthly Monetary Policy
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Delhi HC Directs DUSIB to Carry Survey and Assist Govt. in Providing Relief to Shakurbasti People(17.12.2015)
Delhi High Court has asked Delhi Urban Shelter Improvement Board (DUSIB) to carry out a survey and share its findings with Central government, Delhi g.....
Tags : Delhi High Court , Delhi Urban Shelter Improvement Board
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Press Release regarding draft regulations under FEMA and directions to Authorised Dealer banks(02.07.2024)
Over the years, the Reserve Bank has been progressively liberalising policies governing foreign exchange transactions, under FEMA, 1999. In continuati.....
Tags : FEMA, Reserve Bank
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Cal HC: Restraint Imposed on WB CM Mamata Bannerjee from Making Statements Against Governer, Lifted(29.07.2024)
Calcutta High Court has lifted the restraint imposed on West Bengal Chief Minister Mamata Banerjee from making statements against the Governor CV Anan.....
Tags : Calcutta High Court, Mamata Banerjee, CV Ananda Bose
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SC Sets Aside Allahabad High Court's Blanket Ban on DJ Services in Uttar Pradesh(16.07.2021)
Supreme Court has set aside the 2019 order of the Allahabad High Court imposing a blanket ban on the use of DJ services in the state of Uttar Pradesh......
Tags : Supreme Court, Blanket Ban on DJ Services
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Withdrawal of Rs. 2000 Denomination Banknotes - Status(03.07.2023)
The Reserve Bank of India had announced the withdrawal of ₹ 2000 banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The t.....
Tags : Withdrawal, Banknotes, Status
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SCDRC Directs Bank to Pay 1L Compensation For Failure to Inform Loan Applicant of Rejection(02.05.2017)
State Consumer Disputes Redressal Commission, Maharashtra has held that failure to inform an applicant about rejection of his loan application constit.....
Tags : State Consumer Disputes Redressal Commission, Loan, Bank
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ITAT Bangalore: Income from Sale of Cocoons Taxable as “Other Income”(12.06.2019)
Income Tax Appellate Tribunal (ITAT), Bangalore has noted that the income received from the sale of cocoons is not agricultural income and is taxable .....
Tags : ITAT Bangalore, Other Income
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SC Criticizes Punjab National Bank for Settling With Borrower Post-Auction of Secured Property(12.09.2025)
Supreme Court reprimanded Punjab National Bank for settling with a borrower after auctioning the property. The bench directed PNB to issue the final s.....
Tags : Punjab National Bank, Auction, Secured Property
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RBI dispels rumour on non-acceptance of scribbled-on currency(14.12.2015)
The Reserve Bank of India issued a clarificatory statement to dispel rumours in social media that banks will not accept currency notes which have been.....
Tags : Bank note, scribble, tender, rumour
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Karnataka HC: Illegal to Impose Condition of Furnishing Bank Guarantee While Granting Bail(12.07.2024)
Karnataka High Court while hearing an application on modification of bail condition, has restated that it is illegal to impose a bail condition on the.....
Tags : Karnataka High Court, Bail Condition, Bank Guarantee
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RBI: New Rs. 500, 2000 Notes From November 10(09.11.2016)
Reserve Bank of India (RBI) Governor, Urjit Patel has said that Apex Bank will launch new Rs 500 and Rs 2,000 currency notes from November 10.
Tags : Reserve Bank of India, New Rs. 500, 2000 Notes
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System for reporting banks’ associations discontinued(30.06.2016)
The Reserve Bank of India discontinued the Quarterly Reporting System - foreign branches/subsidiaries/joint ventures/associates of Indian Banks , with.....
Tags : quarterly reporting system, foreign branches, associations, indian banks
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RBI Clears Way for Mergers and Acquisitions in Banking Industry(20.11.2015)
Reserve Bank of India (RBI) has said that it permit promoters/investors to own more than 10% if applicant meets certain conditions including if `it is.....
Tags : Reserve Bank of India, Mergers and Acquisitions in Banking Industry
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Supreme Court Denies Bank Peon Job for Overqualified Candidate(04.11.2020)
Supreme Court has upheld the cancellation of the candidature of a candidate by Punjab National Bank on the ground that he was overqualified for the po.....
Tags : Supreme Court, Bank Peon Job
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Delhi HC Dismisses Plea Seeking Declaration of Divorce by Muslim Husband as Unconstitutional(27.09.2021)
Delhi High Court has dismissed a petition seeking declaration to declare the "assumed absolute discretion" of the Muslim husband to give divorce (tala.....
Tags : Delhi High Court, Declaration of Divorce by Muslim Husband
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Distribution of Banknotes during November 10 to December 19, 2016(21.12.2016)
Consequent to the announcement of withdrawal of Legal Tender status of banknotes of Rs. 500 and Rs. 1000 denominations from the midnight of November 8.....
Tags : Bank Notes, Distribution
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India Signs Financing Agreement with World Bank for US$ 48 Million for "Nagaland Health Project"(16.01.2017)
A financing agreement for IDA credit of US$ 48 million (equivalent) for the 'Nagaland Health Project' was signed with the World Bank here today. The F.....
Tags : World Bank, Financing, Health project, Nagaland
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Merits and the terms of contract are irrelevant for invoking of the bank guarantees(15.11.2017)
The Petitioner has filed present petition under Section 9 of the Arbitration and Conciliation (Amendment) Act, 2015 with a prayer that, Respondents be.....
Tags : Bank guarantee, Encashment
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Status Quo on MDR: RBI(31.03.2017)
RBI has said that its mid-December 2016 ‘special measures’ on rationalisation of merchant discount rate (MDR) will continue whereby MDR for transactio.....
Tags : Reserve Bank of India, merchant discount rate
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RBI Allows Banks to Use Statutory Reserves for AT1 Bond Coupon Payment(03.02.2017)
Reserve Bank of India has allowed banks to use statutory reserves to pay coupon (interest) on additional Tier-I bonds, subject to certain riders.
Tags : Reserve Bank of India, Tier-I bonds
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Gujarat HC Quashes Rape Charges Against Ex-Husband for having Sexual Relations After Alleged Divorce(30.01.2019)
Gujarat High Court has quashed rape charges levelled by a woman against her ex-husband who allegedly cohabited with her even after the dissolution of .....
Tags : Gujarat High Court, Rape Charges Against Ex-Husband
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SC Upholds Arbitration Award in Favour of Anil Ambani Group Firm(10.09.2021)
Supreme Court has upheld a 2017 arbitration award worth over Rs 2,782 crores along with further interest in favour of Anil Ambani group firm, Delhi Ai.....
Tags : Supreme Court, Anil Ambani Group Firm
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Bombay High Court Restricts Canara Bank from Taking Possession of Worli Bungalow(09.10.2019)
Bombay High Court has restricted Canara Bank from taking over a bungalow in Worli locality of Mumbai from one of its borrowers and guarantor of a loan.....
Tags : Bombay High Court, Canara Bank
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Kerala HC Dismisses Plea to Ban Organ Donation Even to Save Life(13.02.2019)
Kerala High Court has dismissed a Public Interest Litigation filed by a lawyer seeking prohibition of donation of organs such as liver, kidneys, heart.....
Tags : Kerela High Court, Ban Organ Donation
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Madras HC to TN: Pay Compensation to Man Hurt During Bandh(04.08.2016)
Madras HC, while asserting that it was State's duty to maintain law and order and protect its citizens during hartals or bandhs, has directed it to pa.....
Tags : Madras HC, DMK bandh
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SC: Filing of Cheque Dishonour Complaint to be at Place of Payee Bank(07.03.2025)
Supreme Court has observed that a complaint of cheque dishonor under Section 138 of the Negotiable Instruments Act, 1881 should be filed in the Court .....
Tags : Supreme Court, Cheque Dishonour, Payee Bank
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SC: Can Presume that Unemployed Husband was Dependant on Deceased Wife’s Income(01.05.2025)
Supreme Court has held while determining insurance compensation, partial dependency of unemployed husband on income of deceased wife can be presumed.
Tags : Supreme Court, Unemployed Husband, Wife’s Income
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RBI Penalizes Fourteen Banks for Non-Compliance with Provisions on Lending to Non-bank Lenders(08.07.2021)
Reserve Bank of India has penalised fourteen banks including State Bank of India, Bank of Baroda, IndusInd Bank and Bandhan Bank for non-compliance wi.....
Tags : Reserve Bank of India, Non-Compliance with Provisions on Lending to Non-bank Lenders
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Lending and Deposit Rates of Scheduled Commercial Banks - November 2023(30.11.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the mo.....
Tags : Lending rates, Deposit Rates, Commercial Banks
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Kerala High Court Lifts Ban on Online Rummy, Finds It Unconstitutional(27.09.2021)
Kerala High Court has quashed an amendment to a government notification issued under Section 14A of the Kerala Gaming Act, 1960 banning online rummy i.....
Tags : Kerala High Court, Ban on Online Rummy
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Hyderabad HC Suspends Circular Proposing Ban on Flexies Manufacturing(29.12.2016)
Hyderabad High Court has suspended circular issued by Director of Municipal Administration of Telangana proposing to ban manufacture of flexies and ba.....
Tags : Hyderabad HC, flexies, banners
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RBI Bans Investments in ‘Non-cooperative Countries’(27.01.2017)
Reserve Bank of India (RBI) has prohibited Indian entities from making direct investments in any entity located in 'non co-operative countries and ter.....
Tags : Reserve Bank of India, Non-cooperative Countries, investments
read»
RBI Eases LCR Norm(25.03.2016)
Reserve Bank of India (RBI) has given bankers more flexibility in maintenance of Liquidity Coverage Ratio (LCR) under Basel III by tweaking certain no.....
Tags : Reserve Bank of India, Liquidity Coverage Ratio
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SC: SARFAESI Doesn’t Give Any License to Bank Officers to Act Against the Scheme of Law(22.09.2023)
Supreme Court while observing that SARFAESI Act was enacted for speedy recovery and for benefitting the public at large, has held that it does not giv.....
Tags : Supreme Court, SARFAESI Act, Bank Officers
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Delhi HC Rejects PIL Challenging Notifications Permitting Exchange of Rs. 2000 Notes Without ID Proof(29.05.2023)
Delhi High Court has dismissed public interest litigation (PIL) challenging Reserve Bank of India (RBI) and State Bank of India's (SBI) notifications .....
Tags : Delhi High Court,Reserve Bank of India, State Bank of India
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RBI clarifies: No change in existing Currency and Banknotes(06.06.2022)
There are reports in certain sections of the media that the Reserve Bank of India is considering changes to the existing currency and banknotes by rep.....
Tags : No change, Currency, Banknotes
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RBI Issues Review of Instructions on Interest on Overdue Domestic Deposits(06.07.2021)
Reserve Bank of India (RBI) has issued the review of instructions on Interest on overdue domestic deposits. The RBI has directed Banks to refer to dir.....
Tags : Reserve Bank of India, Interest on Overdue Domestic Deposits
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RBI Updates Norms of Fema(05.02.2016)
Reserve Bank of India (RBI), with an aim to promote ease of doing business, has come out with nine updated rules under the Foreign Exchange Management.....
Tags : Reserve Bank of India , oreign Exchange Management Act (Fema), 1999
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Rajasthan High Court Imposes Unique Bail Condition Banning Youth from Social Media for Three Years(22.09.2025)
Rajasthan High Court granted bail to a 19-year-old accused of circulating explicit content and intimidating a complainant on social media. The Court i.....
Tags : Bail, Social Media, Ban
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Delhi HC: Weight of Neutral Substance Not to be Ignored While Determining Quantity of Contraband(19.09.2022)
Delhi High Court has held that if contraband seized falls within provisions of Narcotic Drugs and Psychotropic Substances Act, 1985, the weight of neu.....
Tags : Delhi High Court, Contraband, Narcotics, Commercial Quantity
read»
RBI Eases Bad Loan Classification Norms For Small Borrowers, Farmers(29.12.2016)
Reserve Bank of India (RBI) has relaxed norms for bad loan classification for small borrowers, including farmers, giving them additional 30 days to re.....
Tags : Reserve Bank of India, loan, repayment, Small Borrowers
read»
Supreme Court Rejects Plea Seeking Complete Ban on Cow Slaughter(27.01.2017)
Supreme Court has dismissed Public Interest Litigation (PIL) seeking a complete ban on cow slaughter in every State.
Tags : Supreme Court, Cow Slaughter, Beef Ban
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Madras HC Imposes Temporary Ban on Liquor Sale in Puducherry(30.12.2021)
Madras High Court has asked the Union Territory of Puducherry to temporarily ban the supply of alcohol from 10 PM on New Year's Eve till 1 AM on 1st J.....
Tags : Madras High Court, Temporary Ban on Liquor Sale
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SC: Ban on Firecrackers Required Not Only to Curb Air Pollution but also Noise Pollution(13.12.2024)
Supreme Court while directing Delhi government and NCR states to decide on a complete year-round ban on firecrackers, has stated that this is the requ.....
Tags : Supreme Court, Ban on Firecrackers, Noise Pollution
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SC: Anti-Graft Act Covers All Pvt. Bank Staff Too(24.02.2016)
SC, in a move to expand scope of the Prevention of Corruption Act, has brought all private bank employees within the ambit of the anti-graft law, whic.....
Tags : SC, anti-graft law, Pvt. Bank
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Madras High Court Upholds Regulations Imposing Night Ban on Online Real Money Games(04.06.2025)
Madras High Court has upheld regulations brought in by the Tamil Nadu Government imposing a night ban and mandating Aadhar-based KYC verification for .....
Tags : Madras High Court, Night Ban, Money Games
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ITAT, Delhi Deletes Adjustments of TPO on AMP Expenses of Ray-Ban(27.01.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has given relief to Ray-Ban deleting the adjustments made by the Transfer Pricing Officer (TPO) on account.....
Tags : Income Tax Appellate Tribunal, Ray-Ban
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Japanese whalers hunt over 200 pregnant whales for ‘science’(04.04.2016)
Japanese fishermen’s haul of whales from their recent expedition in the Antarctic was met with an unsurprisingly apoplectic reaction from neighbouring.....
Tags : japan, whaling, scientific research, ban
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Delhi HC: Employees and Officials Working in Banks Have Larger Responsibility of Ensuring Integrity(20.12.2021)
Delhi High Court has observed that the employees and officials working in banks have a larger responsibility of ensuring the integrity of the banking .....
Tags : Delhi High Court, Employees and Officials Working in Banks
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There is no unjustified discrimination, when detained patients are compared with general public at liberty(11.04.2017)
In instant case, challenge by application for judicial review is to legality of comprehensive ban on smoking at State Hospital at Carstairs which Stat.....
Tags : Smoking, Ban, Legality
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RBI Guidelines on Banking Regulation Act Stresses on Timeline for CAP in Joint Lenders Forum(10.05.2017)
RBI has issued directions u/s 35AB of Banking Regulation Act, 1949 stressing on timelines to be followed while finalizing a Corrective Action Plan (“C.....
Tags : RBI, Banking Regulation Act, 1949
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Delhi HC: Rise in Husband's Income, Living Costs Valid for Increasing Wife's Maintenance(04.09.2025)
Delhi High Court ruled that an increase in the husband's income and his rising cost of living are valid grounds for enhancing a wife’s maintenance. Ju.....
Tags : Maintenance, Husband, Family
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Karnataka HC Slams State Over Nomination to Syndicate of Bangalore University(17.01.2017)
Karnataka High Court has expressed its displeasure over State and its bureaucracy for their inaction to take a final decision on certain allegations m.....
Tags : Karnataka High Court, Bangalore University, Syndicate
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Karnataka HC Directs Authorities to Not Grant Permission for Construction Near Protected Monuments(05.06.2025)
Karnataka High Court has directed the State Urban Development Department to issue a circular restricting officers from granting permission allowing to.....
Tags : Karnataka High Court, Urban Development Department, Protected Monuments
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Centre Notifies Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021(29.01.2021)
Central Government has notified the Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021 which seeks to amend the Natio.....
Tags : Central Government, Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021
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RBI Releases First Bi-monthly Monetary Policy Statement, 2016-17(05.04.2016)
Reserve Bank of India (RBI) has released First Bi-monthly Monetary Policy Statement, 2016-17, lowered key interest rates by 25 basis points to 6.5 per.....
Tags : Reserve Bank of India , First Bi-monthly Monetary Policy Statement, 2016-17
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Banking Regulation Ordinance, 2017: RBI Gets Power to Initiate Insolvency Process Against Defaulters(05.05.2017)
President Pranab Mukherjee has approved Banking Regulation (Amendment) Ordinance, 2017 which gives power to Reserve Bank of India to initiate insolven.....
Tags : President Pranab Mukherjee, Banking Regulation (Amendment) Ordinance, 2017
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Karnataka HC to Hear Challenge to Promotion and Regulation of Online Gaming Act 2025(28.08.2025)
Karnataka High Court is set to hear a plea by an online gaming company challenging the Promotion and Regulation of Online Gaming Act, 2025 which seeks.....
Tags : Karnataka High Court, Online Gaming Company, Bank Services
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Patna HC Seeks Records in Connection with July 27 Bihar Bandh(01.12.2015)
Patna HC has directed State Government to furnish records of FIRs lodged and chargesheet filed in connection with disturbances created during Bihar ba.....
Tags : Patna HC, Bihar bandh
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SC Stays Madhya Pradesh HC’s Ban on Election Rallies(27.10.2020)
Supreme Court has stayed a Madhya Pradesh High Court order which had directed virtual campaigning for assembly by-elections in Madhya Pradesh, overrid.....
Tags : Supreme Court, Ban on Election Rallies
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Withdrawal of old series banknotes issued prior to 2005 deferred(11.02.2016)
The Reserve Bank of India extended the deadline for exchanging pre-2005 banknotes to 30 June, 2016. Exchange on banknotes in 2016 will only be done at.....
Tags : Rbi, banknotes, pre-2005, deadline, extend
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NCLAT: ED Cannot Keep Attached Assets After Resolution Plan Approval(16.10.2025)
NCLAT held that asset attachments by the Enforcement Directorate under Prevention of Money Laundering Act (PMLA) cease once a resolution plan is appro.....
Tags : Enforcement Directorate, Prevention of Money Laundering Act, Insolvency and Bankruptcy Code
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RBI Eases FDI Norms to Boost Start-Ups(03.02.2016)
Reserve Bank of India (RBI) has relaxed several rules including Foreign Direct Investment (FDI) norms to boost start-up activity in the country.
Tags : Reserve Bank of India, Foreign Direct Investment , Start-Ups
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Central Government hereby declare that the provisions of sub-clause (i) of clause (c) of sub-section (1) of Section 10 of Banking Regulation Act, 1949 shall not apply to Kotak Mahindra Bank Limited(01.10.2019)
In exercise of the powers conferred by sub-section (1) of section 53 of the Banking Regulation Act, 1949, the Central Government, on the recommendatio.....
Tags : Provisions, Non applicability, Kotak Mahindra Bank
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Karnataka High Court Issues Notice on Plea Seeking Ban on Traffic Movement Within Cubbon Park(23.12.2020)
Karnataka High Court has issued notice to the State government and other respondents on a public interest litigation filed by a five-month-old infant,.....
Tags : Karnataka High Court, Ban on Traffic Movement Within Cubbon Park
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Autonomy for Central Bank, within the Framework of the RBI Act, Is an Essential and Accepted Governance Requirement: Says Government(31.10.2018)
The autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement. Governments in India have.....
Tags : Autonomy, Central Bank, Governance
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Diamond Dollar Account - Reporting Mechanism(23.03.2016)
The Reserve Bank of India has dispensed with quarterly and fortnightly statements previously submitted by banks giving details of the name and address.....
Tags : Diamond dollar, bank account, statement
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RBI Issues Shareholding Norms for Private Sector Banks(13.05.2016)
Reserve Bank of India (RBI) has issued new guidelines on ownership in private sector banks by bundling shareholding patterns into two broad categories.....
Tags : Reserve Bank of India, Private Sector Banks
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NGT Seeks Health Ministry’s, MoEF’s Response over Plea Seeking Ban on Mercury Equipments(08.02.2016)
National Green Tribunal (NGT) has sought Government's Response over plea seeking ban of mercury-based equipments in hospitals to prevent spillage of t.....
Tags : National Green Tribunal, Ban on Mercury Equipments
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Allahabad HC: Provisional Attachment of Bank Accounts not Allowed Solely on GST Show Cause Notice(26.09.2025)
Allahabad High Court held that provisional attachment of bank accounts cannot be made solely based on the issuance of a show cause notice under Sectio.....
Tags : Attachment, Bank Accounts, GST, Show Cause Notice
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RBI Operationalise CFR(22.01.2016)
Reserve Bank of India (RBI), in order to minimize frauds, has operationalised a Central Fraud Registry (CFR) with effect from January 20.
Tags : Reserve Bank of India, Central Fraud Registry
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HP HC Upholds Wife’s Claim of Adverse Possession after Husband’s Death(11.07.2025)
Himachal Pradesh High Court while upholding a wife’s claim of adverse possession after her husband's death, has observed that unauthorized possession .....
Tags : HP High Court, Husband’s Death, Adverse Possession
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RBI Withdraws CDR, SDR, S4A, JLF Schemes to Restructure Bad Loans(13.02.2018)
Reserve Bank of India has scrapped Corporate Debt Restructuring, Sustainable Structuring of Stressed Assets, Strategic Debt Restructuring, & Flexible .....
Tags : Reserve Bank of India, Insolvency
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J&K&L HC Stays Gurdwara Board Elections(22.05.2023)
Jammu and Kashmir and Ladakh High Court has stayed the operation of a notification pertaining to the conduct of elections to the Gurdwara Parbandhak B.....
Tags : Jammu and Kashmir and Ladakh High Court, Gurdwara Parbandhak Board
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Madras HC Dismisses Plea Seeking No Disturbance to CM on Sundays With Costs(09.06.2021)
Madras High Court has dismissed a plea with Rs. 10,000/- cost which sought directions the Chief Secretary and other officials not to circulate any fil.....
Tags : Madras High Court, No Disturbance to CM
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Oxytocin formulations ban to come into effect from 1st July 2018, KAPL to manufacture the drug for domestic use only(27.06.2018)
The Ministry of Health and Family Welfare has restricted the manufacture of Oxytocin formulations for domestic use to public sector only from 1st July.....
Tags : Oxytocin formulations, Ban, Manufacture
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Meghalaya High Court: Indiscipline by Bankers Cannot be Overlooked(13.06.2019)
Meghalaya High Court has observed that indiscipline by bankers cannot be overlooked as they deal with public money. The Court held that "No organisati.....
Tags : Meghalaya High Court, Bankers
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Ker. HC: Violating the Procedure for Sampling Contraband u/s 53A of Abkari Act Vitiates Prosecution(17.09.2025)
Kerala High Court acquitted a man sentenced to four years' rigorous imprisonment for alleged possession and manufacture of arrack, noting the prosecut.....
Tags : Contraband, Abkari Act, Rigorous Imprisonment
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MP HC: Export Ban on N95 Masks/PPE Kits Not Violation of Right of Trade/Business(15.10.2020)
Madhya Pradesh High Court has ruled that ban of export in respect of KN95 Masks, Personal Protective Equipment Kits and other products does not amount.....
Tags : Madhya Pradesh High Court, Export Ban on N95 Masks/PPE Kits
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UK HC: Anil Ambani’s Evidence in Case Filed by Chinese Banks Incomplete(17.12.2019)
United Kingdom High Court has termed the evidence provided by Reliance Communications chairman Anil Ambani as “inexplicably incomplete, implausible an.....
Tags : UK HC, Anil Ambani
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Del. HC: Wife Leaving Work to Take Care of Child Cannot be Called as Voluntary Abandonment(14.05.2025)
Delhi High Court while directing payment of interim maintenance to wife has observed that the cessation of employment by wife to take care of the chil.....
Tags : Delhi High Court, Interim Maintenance, Voluntary Abandonment
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Guj. HC: Promissory Estoppel Applies if Customer Acts on Basis of Bank's One Time Settlement Scheme(12.07.2022)
Gujarat High Court has held that once a customer acts on the basis of offer made by a Bank under its One Time Settlement scheme, the principle of prom.....
Tags : Gujarat High Court, Promissory Estoppel, Bank
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Reserve Bank of India imposes monetary penalty on Standard Chartered Bank - India(21.01.2021)
The Reserve Bank of India (RBI) has, by an order dated January 21, 2021, imposed a monetary penalty of Rs. 2 Crore (Rupees Two Crore only) on Standard.....
Tags : Penalty, Imposition, Bank
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RBI Relaxes ECB Norms for Infrastructure Sector(31.03.2016)
Reserve Bank of India (RBI) has allowed all companies engaged in infrastructure sector to raise external commercial borrowings with a minimum maturity.....
Tags : Reserve Bank of India, ECB Norms
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UBS AG no longer a banking company(19.05.2016)
The Reserve Bank of India notified USB AG, the Swiss multinational financial services firm, to have ceased being a ‘banking company’ under the Banking.....
Tags : Ubs, swiss, banking company, banking act
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Delhi High Court: Bank Guarantee Can Be Stopped Only on Fraud(16.11.2015)
Delhi High Court has held that invocation of a bank guarantee can be stopped only if it is proved that there was fraud or irretrievable injury or inju.....
Tags : Delhi High Court , Bank Guarantee
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SC: Bank Employees App. Under SC Quota Entitled to Retain Post After their Caste is De-scheduled(29.08.2024)
SC has held that person who joined service of a Nationalized Bank/GOI undertaking based on a certificate that identified him/her as belonging to SC/ST.....
Tags : Supreme Court, SC Quota, Nationalized Bank
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RBI Cancels License of 56 NBFCs(07.12.2015)
Reserve Bank of India (RBI) has cancelled a bulk of Non-Banking Financial Companies (NBFCs) Licence, for either violating regulatory norms or surrende.....
Tags : Reserve Bank of India , Non-Banking Financial Companies
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Reserve Bank of India imposes monetary penalty on DCB Bank Limited(28.10.2020)
The Reserve Bank of India (RBI) has, by an order dated October 28, 2020, imposed a monetary penalty of Rs. 22 lakh (Rupees Twenty Two lakh only) on DC.....
Tags : Penalty, Imposition, DCB Bank Limited
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Supreme Court: Money Deposited by Customer in Bank is Not Held as Trustee(28.12.2021)
Supreme Court has observed that the money that is deposited by the customer in the bank is not held by it as a trustee but it becomes a part of the ba.....
Tags : Supreme Court, Money Deposited by Customer in Bank
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Apex Court Gives Mamata Banerjee's Critic 7-Day Protection from Arrest(31.05.2019)
Supreme Court has granted a seven-day interim protection to Anirban Das, a social activist who is apprehending arrest in a criminal case filed in Beng.....
Tags : Apex Court, Mamata Banerjee
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ITAT Bangalore Deletes Addition Against Flipkart India(20.06.2019)
Income Tax Appellate Tribunal (ITAT Bangalore) has granted relief to the e-com giants Flipkart India by deleting the additions made by the Income Tax .....
Tags : ITAT Bangalore, Flipkart India
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RBI’s Nod to FPIs to Invest in Unlisted Debt Securities(17.05.2016)
Reserve Bank of India (RBI) has allowed Foreign Portfolio Investors (FPIs) to invest in unlisted debt securities as well as in securitised debt instru.....
Tags : Reserve Bank of India , Foreign Portfolio Investors
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Kerala High Court: Procedural Irregularity in Matter of Seizure of Contraband is Not an Offence(07.08.2025)
Kerala High Court while quashing an FIR against a police office for illegal search and bribery, has observed that procedural irregularity in the matte.....
Tags : Kerala High Court, Procedural Irregularity, Seizure of Contraband
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Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Laxmi Co-operative Bank Ltd., Solapur - Extension of Period(11.05.2022)
The Reserve Bank of India, in the public interest, had issued directions to The Laxmi Co-operative Bank Ltd., Solapur, Maharashtra in exercise of powe.....
Tags : Direction, Provision, Bank
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Limitation Act Applicable to Applications Filed Under Sec 7 and 9 of IBC from Inception of Code: SC(12.10.2018)
Supreme Court has held that the Limitation Act is applicable to applications filed under Sections 7 and 9 of Insolvency and Bankruptcy Code From the i.....
Tags : Supreme Court, Insolvency and Bankruptcy Code
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NCLAT Delhi: Resolution Professional Cannot Decide Eligibility Under Section 29A IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional is not required to take a decision in regard to the ineligibili.....
Tags : National Company Law Appellate Tribunal, Resolution Professional, Section 29A of the Insolvency & Bankruptcy Code, 2016, Resolution Applicant
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Uttarakhand High Court Gives State Govt Six Months to Take Policy Decision on Liquor Ban(30.08.2019)
Uttarakhand High Court has given the State Government six months to formulate a policy to implement provisions of the Excise Act, 1910 which provide f.....
Tags : Uttarakhand High Court, Liquor Ban
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RBI Permits Custodians or Banks to Short-Sell in Govt. Bond Market(30.10.2015)
Reserve Bank of India (RBI) has permitted custodians or banks to short-sell in Government Bond Market with primary members or individual bank customer.....
Tags : Reserve Bank of India, Government Bond Market, Custodians , Banks
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SEBI Fines ICICI Bank, Compliance Officer Rs 12 lakh for Disclosure Lapses(13.09.2019)
SEBI has levied a total fine of Rs 12 lakh on ICICI Bank Ltd and its compliance officer for disclosure lapses, including delayed disclosure of binding.....
Tags : SEBI, ICICI Bank
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#Bangalore_Blast: Supreme Court Allows Maudany To Attend Son’s Wedding In Kerala(01.08.2017)
Supreme Court has allowed Bangalore blast accused and People’s Democratic Party Chairman Abdul Nazar Maudany , lodged in a Bangalore jail to travel to.....
Tags : Supreme Court, Bangalore blast
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Bombay HC: Account Holder Not Liable For Unauthorized Transactions Due To Third Party Breach(17.06.2024)
Bom. HC while directing Bank of Baroda to refund Rs. 76,90,017 to a company who lost the amount in a cyber fraud involving unauthorized electronic ban.....
Tags : Bombay High Court, OTP, Bank of Baroda
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Amendment to exemption on certain taxable services from service tax under Section 66B of the Finance Act, 1994(21.10.2015)
The Central Government has made amendment to a Notification granting exemption on certain taxable services from whole of service tax leviable under Se.....
Tags : Pmjdy, rural, bank, correspondent, exempt, service tax
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Non-applicability of the provisions of section 31 read with clause (t) of section 56 of Banking Regulation Act, 1949 to primary co-operative banks till 31st December, 2020(29.09.2020)
In exercise of the powers conferred by sub-section (1) of section 53 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, on the .....
Tags : Non-applicability, Provisions, Co-operative banks
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No Right with Bank Employee to be Associated with Decision Making Process for Fixation Of Salary: SC(13.02.2019)
Supreme Court has observed that the employee of a Bank has no right that he should be associated with the decision-making process in respect of the fi.....
Tags : Supreme Court, Bank Employee, Fixation Of Salary
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HP High Court Strikes Down Provision of Rent Act(04.08.2016)
HP High Court has struck down first proviso of clause (c) of sub-section (3) of Section 14 of the of HP Urban Rent Control Amended Act, observing it a.....
Tags : HP High Court, HP Urban Rent Control Amended Act
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Supreme Court Hints at Directing CBI Probe into Builder-Banks Nexus(06.03.2025)
Supreme Court has hinted at directing a CBI probe into a builder-banks nexus and expressed that some real estate companies and banks which sanction lo.....
Tags : Supreme Court, CBI Probe, Builder-Banks Nexus
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SC: CBI to Conduct Preliminary Enquiries in ‘Builder-Banks’ Nexus(30.04.2025)
Supreme Court has directed the Central Bureau of Investigation to conduct preliminary enquiries into the National Capital Region’s nexus of builders a.....
Tags : Supreme Court, Preliminary Enquiries, ‘Builder-Banks’ Nexus
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RBI Allows Bank to Offer Lower Rate on Matured Fixed Deposits(06.07.2021)
Reserve Bank of India has allowed banks to offer the lower of either the savings deposit rate or fixed deposit rate on matured Fixed Deposits in a bid.....
Tags : Reserve Bank of India, Rate on Matured Fixed Deposits
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Supreme Court Revokes Suspension Orders Against 8 BHU Students, Orders Special Exam for Semester(05.05.2017)
Supreme Court has revoked suspension orders against eight students by Banaras Hindu University (BHU), who sat for a dharna in University campus demand.....
Tags : Supreme Court, Banaras Hindu University
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Karnataka HC Orders ?15 Lakh Compensation to Student Denied MBBS Admission Despite Paying Fee(27.08.2025)
Karnataka HC has directed Sri Siddhartha Medical College to pay ?15 lakh to a student who was wrongfully denied MBBS admission in 2017-2018 despite ti.....
Tags : Karnataka HC, MBBS Admission, Sri Siddhartha Medical College, Bank Guarantee
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SC: No UAPA Offence for Attending Meetings of Unbanned Organisation(26.08.2025)
Supreme Court has held that if a person attends meeting with an organisation which is not banned as per the Unlawful Activities (Prevention) Act, 1967.....
Tags : Supreme Court, UAPA, Bail, Unbanned Organisation, Undertrial
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RBI Tightens Norms for Banks Lending to Overseas Subsidiary of Indian Companies(04.01.2016)
Reserve Bank of India (RBI) has tightened norms for banks lending to overseas subsidiary of Indian companies by raising the provisions substantially a.....
Tags : Reserve Bank of India , subsidiary of Indian companies
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RBI: Retail Investors can Access G-Sec Market(29.07.2016)
Reserve Bank of India (RBI) has said that retail investors can access Government Securities (G-Sec) market, in a seamless manner from August 16.
Tags : Reserve Bank of India, G-Sec, retail investors
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RBI: No Restrictions on ATM Withdrawals From Feb 01(31.01.2017)
Reserve Bank of India (RBI) has said that limits on ATM withdrawals will further be eased from February 1 and curbs on branch withdrawals from current.....
Tags : Reserve Bank of India, ATM Withdrawals
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RBI: No Cash Withdrawal Limits Post March 13(09.02.2017)
Reserve Bank of India (RBI) has said that cash withdrawal limits, currently in place for savings bank accounts will be removed in two stages, initiall.....
Tags : Reserve Bank of India, Cash Withdrawal
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RBI Raises Withdrawal Limit to Rs. 40,000 for PMC Bank Account Holders(15.10.2019)
Reserve Bank of India has raised withdrawal limit for account holders of the stressed Punjab and Maharashtra Co-Operative Bank to Rs. 40,000 from ear.....
Tags : RBI, PMC Bank
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Madras HC Says No to Banners on Jayalalithaa Birth Anniversary(14.02.2019)
Madras High Court has refused to permit two AIADMK district office bearers to erect digital banners in view of former Chief Minister J Jayalalithaa’s .....
Tags : Madras High Court, Banners on Jayalalithaa Birth Anniversary
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RBI Relaxes Norms in Cheque Dishonour Cases(05.08.2016)
Reserve Bank of India (RBI) has relaxed norms in cheque dishonour cases of Rs 1 crore and above.
Tags : Reserve Bank of India , Cheque Dishonour Cases
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SC: Courts Should Refrain from Interfering With Invocation of Bank Guarantee Except in Cases of Fraud(08.05.2025)
Supreme Court has observed that it is well established that Courts should refrain from interfering with the invocation of a bank guarantee except in c.....
Tags : Supreme Court, Bank Guarantee, Fraud
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Kerala HC: Bank Account Can be Attached under Section 281B of IT Act(29.01.2025)
Ker. HC has observed that the mere fact that Bank account is not explicitly provided under Section 281B of the IT Act, 1961 unlike the GST Act, 2017 w.....
Tags : Kerala High Court, Bank Account, Section 281B
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Statute
Voting rights to be given to enclave dwellers(08.02.2016)
Whereas India and Bangladesh executed an enclave exchange last year, the Indian government is preparing to grant voting rights to former enclave dwell.....
Tags : Bill, land enclave, Bangladesh, voting rights
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Allahabad HC Fines SBI ?1 Lakh for Delay in Deciding Compassionate Appointment Claim(30.09.2025)
Allahabad High Court imposed a ?1 lakh cost on the State Bank of India for failing to decide a compassionate appointment application for five years, t.....
Tags : Compassionate Appointment, State Bank of India, Claim
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Banks’ implied duty of secrecy to its customers(25.01.2016)
The United Kingdom Court of Appeal in 1923 determined that the duty of confidentiality owed by a bank to its clients was not absolute. Rather, it was .....
Tags : Banker, duty to confidentiality, qualifications
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#Budget2019: 2% Interest Subvention to Farmers Pursuing Animal Husbandry and Fisheries(01.02.2019)
Government has announced 2% interest subvention to farmers pursuing animal husbandry and fisheries and all farmers severely affected by severe natural.....
Tags : #Budget2019, Budget 2019, Farmers Pursuing Animal Husbandry and Fisheries
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RBI Issues 17 Master Directions Related to FEMA(05.01.2016)
Reserve Bank of India (RBI) has issued 17 Master Directions covering foreign exchange transactions on various regulatory issues in order to simplify .....
Tags : Reserve Bank of India, Master Directions
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Delhi HC Seeks Response on Plea Challenging Provisions of Recovery of Debts and Bankruptcy Act, 1993(13.09.2021)
Delhi High Court has sought response of the Centre on a plea challenging provisions of Recovery of Debts and Bankruptcy Act, 1993 regarding appointmen.....
Tags : Delhi High Court, Provisions of Recovery of Debts and Bankruptcy Act, 1993
read»
Odisha AAR: 18%GST Applicable on Construction of Faculty Quarters in IIT, Bhubaneshwar(29.12.2020)
Odisha Authority of Advance Ruling (AAR) has ruled that 18% Goods and Services Tax applicable on the construction of the Director’s Bungalow and the c.....
Tags : Odisha Authority of Advance Ruling, Construction of Faculty Quarters in IIT, Bhubaneshwar
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Payments Bank and Small Finance Banks- access to Call/Notice/Term Money Market(29.10.2018)
1. A reference is invited to Master Direction No.2/2016-17, dated July 7, 2016 on Money Market Instruments. A reference is also invited to the Guideli.....
Tags : Payments Bank, Small Finance Banks, Access
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RBI Mandates Online Filing of FDI Forms from February 8(02.02.2016)
Reserve Bank of India (RBI) has asked banks to file forms related to Foreign Direct Investment (FDI) only online on the e-Biz portal from February 8.
Tags : Reserve Bank of India , Foreign Direct Investment
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Law to check scams in Banks(18.12.2018)
The Government has initiated formulation of laws to secure prudential banking and help effect a culture of credit discipline, including, inter alia, i.....
Tags : Scams, Banks, Law
read»
SC Dismisses Plea Against Ban on Mics and Loudspeakers in Residential Areas(12.02.2019)
Supreme Court has rejected a plea by West Bengal BJP to set aside Calcutta High Court's 2013 order which had banned use of loudspeakers in residential.....
Tags : Supreme Court, Ban on Mics and Loudspeakers
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Del HC: Serving Grounds of Arrest in Writing to be Applicable from Date of Pankaj Bansal Ruling(21.02.2025)
Delhi High Court has held that the mandate of serving grounds of arrest in writing to an arrestee under UAPA will be applicable to the arrests from th.....
Tags : Delhi High Court, Pankaj Bansal Ruling, Grounds of Arrest
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Del. HC: Wife Taking Recourse of Law Doesn’t Amount to Cruelty Against Husband(28.07.2023)
Delhi High Court has held that merely because estranged wife had taken recourse to law by initiating legal action before a court of law against husban.....
Tags : Delhi High Court, Cruelty, Husband
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CESTAT, Delhi Directs Department to Allow Refund of Excise Duty Paid by Ray-Ban India(06.07.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has directed the central excise department to allow refund of excise duty paid by t.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Ray-Ban India
read»
Centre Notifies Regulations for Liquidation Process Under New Bankruptcy Code(19.12.2016)
Central Government has notified rules by which companies can go through liquidation under Insolvency and Bankruptcy Code (IBC), 2016.
Tags : Central Government, liquidation, Insolvency and Bankruptcy Code (IBC), 2016
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RBI Releases Guidelines for On-Tap Licensing of Universal Banks in Private Sector(02.08.2016)
Reserve Bank of India (RBI) has released final guidelines for on-tap licensing of universal banks in private sector, under which it ring-fenced bankin.....
Tags : RBI , On-Tap Pvt Sector Bank Licences
read»
RBI Directs Banks to Report Cyber Crimes within 6 Hours(03.02.2017)
RBI, while asking banks to report any cyber security incident within two to six hours of its happening, has warned lenders that any delay in reporting.....
Tags : Reserve Bank of India, cyber security
read»
SC Allows Caretaker Trust to Operate Bank Accounts Towards Philanthropic Causes(22.10.2020)
Supreme Court has allowed the Maharawal Khewaji Trust that manages the Rs 20,000 Crores worth property of the last ruler of the erstwhile princely sta.....
Tags : Supreme Court, Operation of Bank Accounts
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Bombay High Court: HDIL, its Promoters have to Repay Loan to PMC Bank(20.12.2019)
Bombay High Court has observed that HDIL and its promoters will have to repay their loan to crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank a.....
Tags : Bombay High Court, PMC Bank
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"Seventeen States/UTS Have Imposed Complete Ban on Use of Polythene Bags": Minister(08.08.2017)
"As per the provisions of Plastic Waste Management Rules, 2016, the generators of waste have been mandated to take steps to minimize generation of pla.....
Tags : Ban, Polythene Bags, Use
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Supreme Court Rejects Plea of Axis Bank Against Release of Arbitral Award Money to Daiichi(14.12.2018)
Supreme Court has refused to entertain an Axis Bank plea opposing release of Rs 9.39 crore, which is part of Rs 3,500 crore awarded by a Singapore tri.....
Tags : Supreme Court, Axis Bank, Daiichi Sankyo
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NCLAT: Payment of Lease Amount, Rent & Premium Arising During CIRP Cannot Be Considered as CIRP Costs(28.10.2024)
The National Company Law Appellate Tribunal (NCLAT) has observed that the payment of lease amount, lease rent and premium arising during CIRP cannot b.....
Tags : National Company Law Appellate Tribunal, CIRP Cost, Section 14, Insolvency and Bankruptcy Code, 2016
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MP HC: Charge of Bank on Leasehold Plot Mortgaged as Security Towards Loan to Have Priority(05.11.2020)
Madhya Pradesh High Court has held that a charge of Bank on the leasehold plot mortgaged as security towards loan will have priority over other charge.....
Tags : Madhya Pradesh High Court, Charge of Bank on Leasehold Plot
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Bombay HC Rejects Bail Application of YES Bank Promoter Rana Kapoor(08.02.2021)
Bombay High Court has rejected the bail application of YES Bank promoter Rana Kapoor, a prime accused in the Rs 5050 crore money laundering scam being.....
Tags : Bombay High Court, YES Bank Promoter Rana Kapoor
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Delhi HC Dismisses Challenge Against Prohibition on Chhath Puja at Yamuna River Banks(11.11.2021)
Delhi High Court has dismissed a petition challenging the Delhi Government's decision that prohibited devotees to perform Chhath Puja on the banks of .....
Tags : Delhi High Court, Prohibition on Chhath Puja at Yamuna River Banks
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SC: Bail Cannot be Granted Merely on Finding of Absence of Possession of Contraband(23.09.2021)
Supreme Court has observed that bail cannot be granted to an accused under Narcotic Drugs and Psychotropic Substances Act, 1985 merely on a finding of.....
Tags : Supreme Court, Absence of Possession of Contraband
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Risk Management and Inter-bank Dealings - Hedging of Foreign Exchange Risk-Date of Implementation(18.05.2020)
1. A reference is invited to the Directions on Hedging of Foreign Exchange Risk issued vide A.P. (DIR Series) Circular No. 29 dated April 7, 2020. The.....
Tags : Risk Management, Inter-bank Dealings, Directions
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Delhi High Court Issues Notice in Plea Challenging IBC Ordinance(30.07.2020)
Delhi High Court has issued notice to the Ministry of Law and Justice and Insolvency and Bankruptcy Board of India in a plea challenging the validity .....
Tags : Delhi High Court, Insolvency and Bankruptcy Code Ordinance, 2020
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SC: Appeal Under IBC is Valid Only if it is Initiated Within 30 days From Date of Order(17.05.2022)
Supreme Court has ruled that an appeal under the Insolvency and Bankruptcy Code, 2016 (IBC) is only acceptable if it is filed within 30 days from the .....
Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016, 30 days, National Company Law Tribunal
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Bombay HC Dismisses Yes Bank Petition Against Zee Promoters(20.08.2020)
Bombay High Court has rejected a Yes Bank Petition that sought to prevent Zee Entertainment Enterprises from selling shares and disposing of assets, s.....
Tags : Bombay High Court, Yes Bank
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National Bank for Agriculture and Rural Development is allowed to perform Aadhaar authentication(15.06.2023)
1.In pursuance of sub-clause (ii) of clause (b) of sub-section (4) of section 4 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Be.....
Tags : National Bank, Aadhaar authentication, Agricultural loan
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Delhi High Court Orders Stay on DRT Proceedings Against Yes Bank Over Dish TV shares(27.12.2021)
Delhi High Court has ordered a stay on proceedings against Yes Bank by the Debt Recovery Tribunal, Jaipur (DRT) in a petition filed by Essel Group aff.....
Tags : Delhi High Court, DRT Proceedings Against Yes Bank Over Dish TV shares
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Issue of Rs. 10 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor(20.05.2019)
The Reserve Bank of India will shortly issue Rs. 10 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Da.....
Tags : Issue, Rs. 10 Denomination, Banknotes
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Bombay High Court:Vague And General Allegations Not Enough to Incriminate Remote Relatives of Husband(14.06.2019)
Bombay High Court has noted that in cases where overt acts are attributed to persons other than the husband, such accusations need to be proved beyond.....
Tags : Bombay High Court, Husband
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Delhi HC: Pressuring Husband to Cut Ties With His Family Amounts to Cruelty; Ground For Divorce(18.09.2025)
Del. HC observed that a wife's persistent pressure on her husband to sever ties with his family constitutes cruelty and is grounds for divorce. Addit.....
Tags : Family, Husband, Cruelty, Divorce
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Sectoral Deployment of Bank Credit - August 2023(28.09.2023)
Data on sectoral deployment of bank credit for the month of August 20231 collected from 40 select scheduled commercial banks, accounting for about 93 .....
Tags : Sectoral Deployment, Bank Credit, Highlights
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Bombay HC: Forcing Husband to Stay Away From His Parents Amounts to Cruelty(26.12.2016)
Bombay High Court has held that any pressure on part of wife on husband to stay away from his parents without any justifiable cause amounts to cruelty.....
Tags : Bombay HC, Husband, Cruelty
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Patna HC Gives Nod to 'Human Chain Event' On Condition of Making Children's Participation Voluntary(20.01.2017)
Patna High Court has given its nod to Bihar Govt 'Human Chain Event', after Government gave an undertaking for making children's participation volunta.....
Tags : Patna High Court, Human Chain Event, liquor ban
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Delhi HC Seeks Response on Steps Taken to Ensure NGT Orders Banning Sale of Chinese Manjha(23.12.2021)
Delhi High Court has sought response of the Centre as well as the Delhi Government over the steps taken by them to ensure that the orders of National .....
Tags : Delhi High Court, NGT Orders Banning Sale of Chinese Manjha
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US Supreme Court Says Trump's Travel Ban is Legal(27.06.2018)
US Supreme Court has upheld the constitutionality of President Trump's travel ban.
Tags : US Supreme Court, Travel Ban
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Reserve Bank of India to Lift All Charges on Fund Transfers via RTGS and NEFT from July 1(12.06.2019)
Reserve Bank of India has said that it will lift all charges on fund transfer through popular RTGS and NEFT systems from July 1, 2019 and asked banks .....
Tags : Reserve Bank of India, NEFT, RTGS
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SC: Non-Production of Contraband Not Fatal If Seizure and Sample-Drawing Follow S.52A of NDPS Act(16.09.2025)
Supreme Court ruled that under the NDPS Act, the prosecution is not defeated if the seized contraband is not produced in court, provided the seizure a.....
Tags : Seizure, Narcotic Drugs and Psychotropic Substances Act, Contraband
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Kar. HC: Able-Bodied Husband Having Earning Capacity Can't Seek Permanent Alimony from Wife(11.07.2022)
Karnataka High Court has held that an able bodied man having the capacity to earn cannot seek for permanent alimony on divorce from his wife.
Tags : Karnataka High Court, Alimony, Husband
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RBI Orders Concurrent Auditors to Submit Reports on Non-Performing Loans Directly to Banks(25.09.2015)
Reserve Bank of India (RBI) has directed concurrent auditors of commercial banks to submit their review of non-performing loans directly to the banks .....
Tags : Reserve Bank of India,concurrent auditors of commercial banks
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NCLAT: Threshold of Rs.1 Crore Is Required for Initiation of CIRP(12.05.2022)
National Company Law Appellate Tribunal (NCLAT) has ruled that an application filed after 24.03.2020 under Section 7 of the Insolvency and Bankruptcy .....
Tags : National Company Law Appellate Tribunal, Section 7, Insolvency and Bankruptcy Code, 2016, threshold, One Crore
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SC Defers NDTV India Ban Hearing till Dec 5(09.11.2016)
Supreme Court has adjourned hearing of a plea challenging a day’s ban on NDTV India to December 5 as Attorney General informed Court that Government w.....
Tags : Supreme Court, NDTV India, Ban
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RBI Relaxes Rules for ECBs(01.07.2016)
Reserve Bank of India (RBI) has said eased rules for External Commercial Borrowings (ECBs) and said that Indian companies will need to submit for appr.....
Tags : Reserve Bank of India, ECBs
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Bombay HC Denies to Take Petitions Challenging Beef Ban in State(17.11.2015)
Bombay High Court has denied to hear petitions challenging constitutional validity of beef ban legislation in Maharashtra after one of the judges recu.....
Tags : Bombay High Court, beef ban
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BCI Issues Circular Suggesting Monthly Stipend to Advocates in Urban and Rural Areas(16.10.2024)
BCI has issued a circular making recommendation that junior advocates should be paid a monthly stipend of Rs. 20,000 in urban areas and Rs. 15,000 in .....
Tags : Bar Council of India, Monthly Stipend, Rural Areas, Urban Areas
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Madras HC Declines PIL Seeking Ban on Online and Offline Video Games(02.07.2021)
Madras High Court has declined to entertain a Public Interest Litigation (PIL) seeking a ban on all online and offline video games that children and y.....
Tags : Madras High Court, Ban on Online and Offline Video Games
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Guidelines for Standalone PD participation in Exchange Traded Currency Futures(17.03.2016)
The Reserve Bank of India issued guidelinesTags : Bank, primary dealers, currency, futures
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ITAT: Deduction of Compensation for Breach of Contract Can’t be Allowed Based Only on Bank Statement(13.07.2022)
Income Tax Appellate Tribunal (ITAT), Pune Bench has held that deduction of compensation paid for breach of contract cannot be allowed based on bank s.....
Tags : ITAT, Contract, Bank Statement
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Extending value-added services through ATMs(23.03.2016)
The Reserve Bank of India has permitted Primary (Urban) Co-operative Banks and State Co-operative Banks to offer all their products and services throu.....
Tags : Atm, value added services, co-operative bank
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RBI Issues Guidelines for Voluntary Surrender of Licence by PSOs(13.05.2016)
Reserve Bank of India (RBI) has issued guidelines for voluntary surrender of licence by Payment System Operators (PSOs) under Payment & Settlements Sy.....
Tags : Reserve Bank of India , PSOs
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Lending and Deposit Rates of Scheduled Commercial Banks - September 2023(28.09.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of Septe.....
Tags : Scheduled Commercial Banks, Lending Rates, Deposit Rates
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Supreme Court: Expect Modified Order on Highway Liquor Ban in Mid July(10.05.2017)
Supreme Court has said that it is likely to announce modification order in second week of July on plea by hotels and clubs seeking changes in its orde.....
Tags : Supreme Court, Highway Liquor Ban
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Calcutta HC: Expecting Educated, Earning Wife to Contribute to Expenses is not Cruelty(04.09.2025)
Calcutta HC quashed a wife's cruelty case against her husband and in-laws under S. 498A IPC, ruling that expectations like contributing to household e.....
Tags : Cruelty, Husband, Lockdown
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Supreme Court Bans Fire Crackers in Delhi, NCR to Curb Air Pollution(25.11.2016)
Supreme Court has ordered ban on sale of fire crackers in Delhi and NCR to curb increasing pollution levels.
Tags : Supreme Court , Fire Crackers, Ban, Delhi, NCR
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RBI Extends Debt, Currency Trading Hours from November 9(03.11.2020)
Reserve Bank of India has announced phased restoration of trading hours for various debt as well as currency market from 9th November, 2020.
Tags : Reserve Bank of India, Restoration of Trading hours
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Punjab and Haryana HC Directs Haryana DGP to Initiate SIT Probe over Honour Killing of Banur Youth(15.12.2016)
Punjab and Haryana High Court has directed Haryana Director General of Police (DGP) to get alleged honour killing of Banur youth case investigated by.....
Tags : Punjab and Haryana High Court, Banur youth, honour killing
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SC to Centre: File Status Report on Seized Contraband, Rehab Centres(02.08.2016)
SC has asked Centre to file status report on implementation of the court’s guidelines for foolproof storage and disposal of seized drugs to prevent th.....
Tags : SC , Seized Contraband, Rehab Centres, Centre
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TRAI Gives Clean Cheat to Jio’s Happy New Year Plan(03.02.2017)
Telecom Regulatory Authority of India (TRAI) has given a clean chit to billionaire Mukesh Ambani-run firm Jio’s free voice calling and data plan on it.....
Tags : Telecom Regulatory Authority of India. JIO, Mukesh Ambani
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Supreme Court: Restaurants with Live Band, Discos Should Obtain Licence(29.01.2018)
Supreme Court has upheld the constitutionality of ‘The Licensing and Controlling of Places of Public Entertainment (Bangalore City) Order 2005’ issued.....
Tags : Supreme Court, Live Band, Discos
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Bandra Court Orders FIR Against Kangana Ranaut for Allegedly Promoting Communal Disharmony(19.10.2020)
Bandra Court has ordered a First Information Report to be registered against actor Kangana Ranaut and her sister Rangoli Chandel for allegedly trying .....
Tags : Bandra Court, Kangana Ranaut, Rangoli Chandel
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SAT Refuses Relief to Axis Bank in Karvy Case, Asks it to Approach SEBI(18.12.2019)
Securities Appellate Tribunal has refused relief to Axis Bank in the Karvy case. The private lender had approached the Tribunal seeking the shares ple.....
Tags : SAT, Axis Bank
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Madras HC Refuses to Grant Bail to Bank Lawyer for ‘Defrauding’ Money(10.08.2016)
Madras HC has refused to grant anticipatory bail to M.P. Venkatakrishnan, Assistant Manager (Legal) of HDFC Bank in Tirunelveli district, in two cases.....
Tags : Madras HC, Bank Lawyer, M.P. Venkatakrishnan
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Supreme Court: No Bar on Attachment of Properties through IBC Moratorium(16.05.2025)
Supreme Court has held that there is no prohibition imposed on attachment of properties under the Maharashtra Protection of Interest of Depositors Act.....
Tags : Supreme Court, Attachment of Properties, Insolvency & Bankruptcy
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Orissa HC: Possession Not Proved Merely by Sitting in Vehicle from Which Contraband is Seized(13.07.2022)
Orissa High Court has held that a person merely sitting in a vehicle from which contrabands were seized does not necessarily point to the fact that th.....
Tags : Orissa High Court, Possession, Contrabands
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All. HC to State: Upload OBC Commission's Report on its Website in 4 Days(07.04.2023)
Allahabad High Court has directed State government to upload on its website the report prepared by the dedicated Uttar Pradesh Backward Classes Commis.....
Tags : Allahabad High Court, OBC Commission, Report, Urban Local Body
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Bombay HC Seeks RBI’s Response Over Inconsistencies in Demonetization Directives to Co-operative Bank(22.11.2016)
Bombay HC, while observing that prima facie there were some inconsistencies in two circulars issued by Reserve Bank to District Co-Operative Banks on .....
Tags : Bombay HC, Reserve Bank, Co-Operative Banks, demonetisation
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Cancellation of banking licence of Adoor Co-operative Urban Bank Ltd., Adoor, Kerala(25.04.2023)
Reserve Bank of India (RBI) is satisfied to notify The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala as a non-banking Institution under Section 36.....
Tags : Banking licence, Cancellation, Notification
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RBI Eases Authentication Rules for Online Card Transactions(07.12.2016)
Reserve Bank of India (RBI) has removed two-factor authentication for online card transactions involving sums up to Rs2,000 in a move aimed at simplif.....
Tags : Reserve Bank of India, Online Card Transactions
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Calcutta HC Allows Applications Filed by WB Govt, CM Mamata Banerjee for Accepting Affidavits(30.06.2021)
Calcutta High Court has allowed the applications filed by State of West Bengal, Chief Minister Mamata Banerjee, and the State Law Minister Moloy Ghata.....
Tags : Calcutta High Court, Applications Filed by WB Govt, CM Mamata Banerjee
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Financial Service Providers Outside Purview of Insolvency and Bankruptcy Code: NCLAT(24.10.2018)
National Company Law Appellate Tribunal has held that financial service providers such as non-banking financial companies are outside the purview of t.....
Tags : NCLAT, Financial Service Providers, Insolvency and Bankruptcy Code
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Delhi HC Seeks Centre’s Reply over Immediate Ban on 19 Pesticides(17.10.2016)
Delhi HC has asked the Centre to file its opinion over a plea seeking an immediate ban on 19 pesticides as recommended by an expert panel on ground th.....
Tags : Delhi HC, ban, pesticides. carcinogenic
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Delhi High Court Slams Civic Bodies for Turning Delhi into 'Urban Slum'(05.06.2017)
Delhi High Court has issued show cause notices to Commissioners of all three wings of Municipal Corporation of Delhi (MCD), seeking their response on .....
Tags : Delhi High Court , Urban Slum
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RBI Allows Banks to Raise Funds Via Masala Bonds(04.11.2016)
Reserve Bank of India (RBI) has allowed banks to issue Rupee-Denominated Bonds, or Masala Bonds, in overseas market to shore up their capital base as .....
Tags : Reserve Bank of India , Masala Bonds
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Supreme Court Directs Centre to List Out Measures Taken to Ease Inconvenience of Rural People(05.12.2016)
Supreme Court has asked Centre to spell out measures taken to ease sufferings and inconvenience of people in rural areas, who are mostly dependent on .....
Tags : Supreme Court, demonetisation, Co-operative banks
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Delhi HC to State: Ensure Strict Compliance of Orders Banning Sale of Chinese Manjha for Kite Flying(10.08.2022)
Delhi High Court has directed the Delhi Government to ensure strict compliance of the orders passed by it as well as the National Green Tribunal (NGT).....
Tags : Delhi High Court, Chinese Manjha, Kite Flying, Ban
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SC: “Healthcare Services” in Service Tax Exemption Notification Includes Stem Cell Banking Services(17.07.2025)
Supreme Court has observed that “Healthcare Services” exempted from service tax as per the notifications issued by the Ministry of Finance shall inclu.....
Tags : Supreme Court, Healthcare Services, Stem Cell Banking
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Rajya Sabha Passes Insolvency and Bankruptcy Code Amendment Bill(03.01.2018)
Rajya Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2017, which bars unscrupulous persons from misusing the provisions of the .....
Tags : Rajya Sabha, Insolvency, Bankruptcy
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RBI Withdraws CDR, SDR, S4A, JLF Schemes to Restructure Bad Loans(13.02.2018)
Reserve Bank of India has scrapped Corporate Debt Restructuring, Sustainable Structuring of Stressed Assets, Strategic Debt Restructuring, & Flexible .....
Tags : Reserve Bank of India, Insolvency
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Ker. HC: Acts Done by Bank Officials While Taking Possession are Protected Under SARFAESI Act(25.05.2023)
Kerala High Court while observing that action taken by the officials of the bank under the SARFAESI Act is neither unquestionable nor treated as sacro.....
Tags : Kerala High Court, Bank Officials, SARFAESI, Prosecution
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Allahabad HC: Non-Reporting of Seizure of Bank Account to Magistrate Doesn't Make Seizure Illegal(06.06.2022)
Allahabad High Court has observed that non-reporting of the seizure of a bank account, seized by police under Section 102 Code of Criminal Procedure, .....
Tags : Allahabad High Court, bank account, Illegal
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Madras HC Directs State to Pay Compensation to Husband of Woman Who Died(02.07.2021)
Madras High Court has directed the State Government to pay Rs. 5,00,000/- compensation to the husband of a woman who died due to non-availability of a.....
Tags : Madras High Court, Compensation to Husband of Woman Who Died
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Reporting of Transactions by agency banks to RBI(30.11.2017)
It has been brought to our notice that some agency banks are reporting government transactions after considerable delay and along with the current tra.....
Tags : RBI, Agency Banks, Transactions
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ITAT, Pune Allows Claim for Set-off of Loss by Husband Invested in Wife’s Business(30.01.2020)
Income Tax Appellate Tribunal, Pune has held that the wife’s separate income can be clubbed into husbands total income and in the case of any loss inc.....
Tags : Income Tax Appellate Tribunal, Clubbing of Husband and Wife's Incomes
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Uttarakhand HC Issues Notice on Plea Seeking Ban on Private Shooters to Kill ‘Man-Eaters’(11.12.2020)
Uttarakhand High Court has issued notices to the State Government, Principal Chief Conservator of Forests (wildlife), chief wildlife warden and direct.....
Tags : Uttarakhand High Court, Ban on Private Shooters
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NGT Imposes Ban on Use and Sale of Fire Crackers During COVID19 Pandemic(03.12.2020)
National Green Tribunal has imposed a total ban on sale and use of all kinds of fire crackers during COVID-19 pandemic in the National Capital Region .....
Tags : National Green Tribunal, Ban on Use and Sale of Fire Crackers
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RBI Allows Banks to Extend Non-Fund Based Credit(08.01.2016)
Reserve Bank of India (RBI) has allowed banks to extend non-fund based credit, not the usual form of normal loans and thereby lifted the old age ban.
Tags : Reserve Bank of India, non-fund based credit
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SC: Protection U/S 197 CrPC Not Available to Nationalised Bank Employee(09.08.2023)
Supreme Court has held that although a person working in a Nationalised Bank is a public servant, yet the provisions of Section 197 CrPC wouldn’t be a.....
Tags : Supreme Court, Nationalised Bank Employee, Public Servant, Section 197 CrPC
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Pay IT dues in advance at RBI or authorised bank branches(15.02.2016)
The Reserve Bank of India has authorized twenty nine agency banks to accept payments of income tax. The move hopes to reduce the heavy rush for remitt.....
Tags : Income tax, payment, agency banks, march
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RBI Hikes Key Rate By 0.50% To Pre-Pandemic Levels(05.08.2022)
Reserve Bank of India (RBI) has increased its key lending rates by 50 basis points to pre-pandemic levels of 5.40 per cent in an attempt to control th.....
Tags : Reserve Bank of India, Lending Rates, Inflation
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CCI approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in Max Life Insurance Company Limited(21.01.2021)
The Competition Commission of India (CCI) approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in .....
Tags : Acquisition, Approval, Bank
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RBI Extends E-Payment Deadline and Banking Hours(30.03.2016)
Reserve Bank of India (RBI) has issued instructions wherein it has been decided that all agency banks shall keep counters of their designated branches.....
Tags : Reserve Bank of India, E-Payment
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RBI regional offices entrusted UCB fraud monitoring and reporting duties(19.05.2016)
The Reserve Bank of India notified a revised fraud monitoring and reporting mechanism for Primary (Urban) Co-operative Banks.
Under the new.....
Tags : Co-operative bank, fraud, reporting, monitoring
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HP HC: Non-Production of Seal Does Not Vitiate Trial(19.08.2025)
Himachal Pradesh High Court upheld a 4-year NDPS sentence, ruling that non-production of the sealing device doesn’t invalidate the trial. The Court al.....
Tags : Himachal Pradesh High Court, NDPS Act, Contraband, Seal
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SC Rejects SBI Plea Seeking Vacation of Stay on Insolvency Proceedings Against Anil Ambani(18.09.2020)
Supreme Court has declined to vacate a stay granted by Delhi High Court towards the ongoing Insolvency and Bankruptcy Code, 2016 proceedings against R.....
Tags : Supreme Court, Anil Ambani
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PMLA Appellate Authority: IBC Prevails Over Prevention of Money Laundering Act(24.09.2019)
In an important decision, the Appellate Authority of the Prevention of Money Laundering Act, 2002 has upheld the prevalence of the Insolvency and Bank.....
Tags : Appellate Authority of the Prevention of Money Laundering Act, 2002, Insolvency and Bankruptcy Code, PMLA
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SC Affirms Calcutta High Court's Ban on Sale & Bursting of Firecrackers in West Bengal(11.11.2020)
Supreme Court has affirmed the Calcutta High Court order banning the sale and bursting of firecrackers during Diwali, Chatt Puja, Kali Puja, etc. in t.....
Tags : Supreme Court, Ban on Firecrackers
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MP HC Directs Police to Take Action against Companies Wholesaling Banned Contraband Drugs Online(23.01.2025)
Madhya Pradesh High Court has directed the police and Narcotic Bureau as well as Drug Controller to take immediate action against the owner/stake hold.....
Tags : MP High Court, Narcotic Bureau, Contraband Drugs
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RBI Announces Rs 10,000 Crore OMO Purchases(05.02.2016)
Reserve Bank of India (RBI) has announced an Open Market Operation (OMO) purchase of government securities worth Rs 10,000 crore on February 8.
Tags : Reserve Bank of India , Open Market Operation
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MP HC Upholds Order Directing Husband to Maintain Wife and Kids, Citing His Liability Shirking(23.09.2025)
Madhya Pradesh High Court dismissed a man’s plea challenging a family court’s maintenance order for his wife and children. The court noted the husband.....
Tags : Liability, Husband, Maintenance
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NCLAT: Single WhatsApp Message Sent Long Ago Can't Become Foundation to Reject Petition U/S 9 of IBC(07.07.2025)
National Company Law Appellate Tribunal has held that a single WhatsApp message sent long ago, without any reference to any specific invoice or the am.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
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RBI Extends Note Exchange Deadline for NRI’s till June 30(02.01.2017)
Reserve Bank of India has said that Non-resident Indians (NRIs) can exchange old Rs 500 and Rs 1000 notes till June 30, 2017.
Tags : Reserve Bank of India, Rs. 500, Rs. 1000, Demonetisation
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RBI Notifies Levy of Penal Interest on Banks for Delayed Reporting of Transactions(12.02.2018)
Reserve Bank of India has issued a notification regarding levy of penal interest on the Banks for delayed reporting of transactions.
Tags : Reserve Bank of India
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RBI: Rs. 2000 Notes Withdrawn from Circulation; Will Continue as Legal Tender(22.05.2023)
Reserve Bank of India in pursuance of its Clean Note Policy has announced the withdrawal of Rs. 2000 banknotes from circulation. The notes to be conti.....
Tags : Reserve Bank of India, Clean Note Policy, Rs. 2000, Legal Tender
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RBI Slashes Key Rate 40 Basis Points to New All-Time Low(25.05.2020)
Reserve Bank of India has cut key interest rates by 40 basis points to a new low of 4%, citing an assessment of Gross Domestic Product contraction in .....
Tags : Reserve Bank of India, Interest Rates
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P&H HC Denies Bail to Accused Found in Possession of Contraband Intoxicant Tablets(02.07.2021)
Punjab and Haryana High Court has observed that showing sympathy towards alleged drug peddlers at the time of granting bail often proves counterproduc.....
Tags : Punjab and Haryana High Court, Accused Found in Possession of Contraband Intoxicant Tablets
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