Tags : Universal bank, licence, continuous process
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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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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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Implementation of Indian Accounting Standards(23.06.2016)
RBI asked banks to submit Proforma Ind AS (Indian Accounting Standards) Financial Statements for half year ending 30 September 2016 by 30 November 201.....
Tags : ind as, banks, financial statements
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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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Bombay HC: BMC Ban on Footpath Cooking via Gas/Grill Doesn’t Apply to Vendors Using Induction(05.11.2025)
Bombay High Court ruled that the BMC’s 2018 circular banning cooking on footpaths using gas, stoves, or grills doesn’t apply to vendors using inductio.....
Tags : Ban, Footpath, Vendors
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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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Supreme Court Notices Centre Over RBI's Refusal to Exchange Demonetised Notes(06.03.2017)
Supreme Court has issued a notice to Central Government on a plea challenging Reserve Bank of India’s (RBI) refusal to accept Rs 500 and Rs 1,000 note.....
Tags : Supreme Court, Demonetised Notes, Reserve Bank of India
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Plastic ban: Madras High Court Says Authorities can Seize Only 14 Items Listed in Government Order(11.01.2019)
Madras High Court has directed government officials in Tamil Nadu not to seize plastic products other than the 14 items listed in the June 25, 2018 go.....
Tags : Madras High Court, Plastic Ban
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Maintenance of current accounts in multiple banks by Insurance Intermediaries(29.12.2021)
1. It has been observed that the insurance intermediaries maintain multiple current accounts with banks at different operational levels, i.e., Branch .....
Tags : Maintenance, Current accounts, Multiple banks
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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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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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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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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
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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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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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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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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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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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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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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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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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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
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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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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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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 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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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
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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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Paytm Payments Bank Receives Final Approval From RBI(04.01.2017)
Reserve Bank of India (RBI) has given final approval to formally launch Paytm Payments Bank.
Tags : RBI, Paytm Payments Bank
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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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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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Mandatory Requirement of AADHAR for Individuals Availing Facilities under Specified Schemes through Banks or Financial Institutions(01.03.2017)
Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, bring.....
Tags : Aadhar, Mandatory, Scheme, Banks
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Sectoral Deployment of Bank Credit(31.10.2019)
Data on sectoral deployment of bank credit collected from select 39 scheduled commercial banks, accounting for about 90 per cent of the total non-food.....
Tags : Sectoral Deployment, Bank Credit, Data
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SC: Able-Bodied Husband Should Earn by Legitimate Means And Maintain His Wife And Minor Child(29.09.2022)
Supreme Court has held that husband is required to earn money even by physical labour, if he is an able-bodied, and must maintain his wife and minor c.....
Tags : Supreme Court, Husband, Maintain
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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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Kerala HC Allows Woman Separated from Husband to Terminate 21-Week Pregnancy(27.09.2022)
Kerala High Court while permitting a woman claiming to be separated from her allegedly abusive husband to terminate her 21-week-old pregnancy, has hel.....
Tags : Kerala High Court, Termination of Pregnancy, Husband’s Consent
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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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Order of moratorium in respect of the Lakshmi Vilas Bank Limited(17.11.2020)
1. In exercise of the powers conferred by sub-section (2) of section 45 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, afte.....
Tags : Moratorium, Lakshmi Vilas bank, Proceedings
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RBI to Banks: Pay Interest on Savings Account Every Quarter(16.03.2016)
Reserve Bank of India (RBI) has asked banks to pay interest on their customers’ savings accounts on a quarterly basis or shorter duration.
Tags : Reserve Bank of India, savings accounts
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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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Madras High Court Suspends Centre's Ban on Cattle Trade for Slaughter, Issues Show Cause Notice(31.05.2017)
Madras High Court has put on hold Centre's restrictions on sale and purchase of cattle for slaughter for four weeks and has asked it to respond within.....
Tags : Madras High Court, slaughter, slaughter ban
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BANKING - SC Refuses to Stay Merger of Vijaya, Dena Banks with Bank of Baroda(29.03.2019)
Supreme Court has refused to stay amalgamation of three public sector lenders Vijaya Bank, Dena Bank and Bank of Baroda and dismissed applications fil.....
Tags : Supreme Court, Vijaya Bank, Dena Bank
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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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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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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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Dog Meat Ban: Gauhati High Court Stays Government Ban on Sale of Dog Meat in Nagaland(30.11.2020)
Gauhati High Court has stayed the carpet ban on the sale of dog meat in Nagaland that was imposed on July 2. This would mean that the commercial impor.....
Tags : Gauhati High Court, Dog Meat Ban
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RBI Relaxes Reporting Requirement of NEFT Transactions(18.03.2016)
Reserve Bank of India (RBI) has said it is discontinuing provision where banks had to submit data pertaining to NEFT (National Electronic Fund Transfe.....
Tags : Reserve Bank of India, NEFT Transactions
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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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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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Bom. HC: SC’s Judgment in ‘Pankaj Bansal’ Case Applies Prospectively(08.11.2023)
Bombay High Court while refusing relief to Jet Airways founder Naresh Goyal in PMLA case has observed that Supreme Court’s judgement in Pankaj Bansal’.....
Tags : Bombay High Court, PMLA, Pankaj Bansal, Prospectively
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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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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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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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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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RBI Relaxes Deposit Norms for Foreign Missions, Diplomats(06.05.2016)
Reserve Bank of India (RBI) has repealed and superseded regulations under the Foreign Exchange Management (Deposit) Regulations, 2000, in consultation.....
Tags : Reserve Bank of India , Foreign Exchange Management (Deposit) Regulations, 2000,
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RBI Enhances Withdrawal Limits From ATMs From Rs. 4500 to Rs 10,000 Per Day(16.01.2017)
Reserve Bank of India (RBI) has enhanced limit on withdrawals from ATMs from current limit of Rs.4,500 to Rs.10,000 per day per card.
Tags : Reserve Bank of India, Withdrawal Limits, ATMs
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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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Ker. HC: Can’t Invoke Writ Against Decisions of Lender/Banker Unless There is Compelling Reason(06.11.2023)
Kerala High Court has held that Court, in exercise of its jurisdiction under Article 226 cannot replace the wisdom of lender/banker in the process of .....
Tags : Kerala High Court, Lender/Banker, Writ Jurisdiction, Compelling Reason
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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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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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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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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 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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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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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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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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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 Permits Start-Ups to Open Currency Account Abroad(24.06.2016)
Reserve Bank of India (RBI) has allowed startups with an overseas subsidiary to open foreign currency accounts abroad to credit foreign exchange earni.....
Tags : Reserve Bank of India, startups
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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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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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MP HC Denies Anticipatory Bail to Man Who Allegedly Called RSS As Taliban Terrorist Organization(27.10.2021)
Madhya Pradesh High Court has denied anticipatory bail to one Atul Pastor who has been accused of making certain comments alleging Rashtriya Swayam Se.....
Tags : Madhya Pradesh High Court, Taliban Terrorist Organization
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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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Sectoral Deployment of Bank Credit - July 2023(31.08.2023)
Data on sectoral deployment of bank credit for the month of July 20231 collected from 40 select scheduled commercial banks, accounting for about 93 pe.....
Tags : Sectoral Deployment, Bank Credit, July 2023
read»
India signs 200 million US Dollar Loan Deal with World Bank for National Nutrition Mission (POSHAN Abhiyaan) for 315 districts across all states/UTs(07.05.2018)
The Government of India signed a loan deal worth $ 200 million with the World Bank today for the National Nutrition Mission (POSHAN Abhiyaan). The loa.....
Tags : Loan Deal, World Bank, POSHAN Abhiyaan
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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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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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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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RBI Permits Lending Institutions to Allow 3-Month Moratorium on Term Loans(27.03.2020)
Reserve Bank of India has announced that all commercial banks and non-banking financial companies are permitted to allow 3-month moratorium on the pay.....
Tags : Reserve Bank of India, 3-Month Moratorium on Term Loans
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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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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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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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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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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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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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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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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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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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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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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
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Bombay High Court Refuses to Stay RBI Scheme for Lakshmi Vilas Bank Merger with DBS Bank(27.11.2020)
Bombay High Court has rejected a prayer for ad-interim stay on Reserve Bank of India's amalgamation scheme for the merger of Lakshmi Vilas Bank with t.....
Tags : Bombay High Court, Lakshmi Vilas Bank Merger with DBS Bank
read»
RBI Revises Rules for Resolution of Stressed MSME Loans(18.03.2016)
Reserve Bank of India (RBI) has revised rules pertaining to revival of advances to small businesses and asked lenders to form district-level committee.....
Tags : Reserve Bank of India , MSME
read»
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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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
read»
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
read»
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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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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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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NCLAT: Pre-COVID Defaults do not Exempt Debtors From Insolvency Proceedings(10.11.2025)
National Company Law Appellate Tribunal (NCLAT) New Delhi upheld the initiation of CIRP against Majestic Hotels Ltd., holding that defaults before the.....
Tags : Insolvency and Bankruptcy Code, COVID-19, suspension
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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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RBI Increases Withdrawal Limit from PMC Bank to Rs 50,000(06.11.2019)
Reserve Bank of India has enhanced the withdrawal limit of PMC Bank depositors to Rs 50,000 from the previous cap of Rs 40,000. RBI further said that .....
Tags : RBI, PMC Bank
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Delhi High Court Refrains From Vacating Order Against Ban on Tobacco Products(04.08.2015)
Delhi High Court has refrained itself from vacating an order by which the Aam Aadmi Party Government was restrained from taking coercive measures agai.....
Tags : Delhi High Court, Tobacco, Ban
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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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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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HP HC: Mixing Contraband Pouches Before Sampling Raises Serious Doubts About Accused's Possession(27.11.2025)
Himachal Pradesh High Court granted bail to a Nepali national accused of possessing commercial opium, noting that the investigation was flawed because.....
Tags : Contraband, Sampling, Possession
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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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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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CONTEMPT OF COURT - Ericsson case: SC Holds Anil Ambani Guilty of Contempt, Asks Him to Pay Rs. 453 cr or Face Jail(20.02.2019)
Supreme Court has held Reliance Group chairman and its two directors guilty of contempt for willfully not paying Rs. 550 crore to Ericsson and asked A.....
Tags : Supreme Court, Anil Ambani, Erricson Case
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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 HC Directs Institute to Issue Certificate to Woman Without Husband’s Name(01.04.2019)
Bombay High Court has directed an institute in Parel to issue a 31-year-old doctor from Jalgaon her diploma certificate in dermatology and venereology.....
Tags : Bombay High Court, Certificate Without Husband's Name
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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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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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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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SC: Customer-Banker Relationship Based on Mutual Trust, Postmaster’s Reinstatement Quashed(14.11.2025)
Supreme Court set aside the reinstatement of a Post Master removed for embezzling depositors’ funds, ruling that merely repaying the misappropriated a.....
Tags : Mutual Trust, Customer, Banker
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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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Guj. HC: Banners of Committees Become Immaterial, When Citizens are Permitted to Celebrate Festivals(10.10.2022)
Gujarat High Court has held that what is important is that the festivals are allowed to be celebrated, and it is immaterial under whose banner the sam.....
Tags : Gujarat High Court, Festivals, Banners
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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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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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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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RBI Announces Cut in Repo Rate and Reverse Repo Rate(27.03.2020)
Reserve Bank of India (RBI) has announced a 75 basis points cut in repo rates, 90 basis points cut to 4% in reverse repo rate as a measure to counter .....
Tags : Reserve Bank of India, Cut in Repo Rate and Reverse Repo Rate
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Kerala High Court Quashes Ban on Compostable Plastic Carry Bags(18.02.2021)
Kerala High Court has quashed an order of the State Government, prohibiting the manufacture, stocking and sale of compostable plastic bags in the stat.....
Tags : Kerala High Court, Ban on Compostable Plastic Carry Bags
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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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Amendment in export policy of edible oils(06.08.2015)
The government notified exemptions from prohibition on export of edible oils.
Tags : export, ban, edible, oils
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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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Central government outlay for conserving Bengaluru’s lakes(14.06.2016)
Collaboration between the Ministry of Chemicals and Fertilizers and Environment Ministry will see round-the-clock online monitoring of all sewage trea.....
Tags : bangalore, sewage, pollution, lake
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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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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: 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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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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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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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 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: 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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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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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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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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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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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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Delhi HC Seeks Response of Centre, DGCA on Ban on Passenger Travel from EU, UK(23.03.2020)
Delhi High Court has sought response of the Centre and Directorate General of Civil Aviation on a plea challenging the Centre's circular prohibiting t.....
Tags : Delhi High Court, Passenger Travel Ban
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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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Wife Slapping Husband Not an Instigation to Commit Suicide: Delhi High Court(10.01.2019)
Delhi High Court has said that mere act of slapping a man by his wife in front of others does not tantamount to instigating the husband to commit suic.....
Tags : Delhi High Court, Wife Slapping Husband Not an Instigation to Commit Suicide
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RBI Rejects Demand of Online Merchants to Store Customers’ Credit Card Data(26.02.2021)
Reserve Bank of India has rejected the demand of top online merchants like Amazon, Microsoft, Netflix, Flipkart and Zomato to store customers’ credit .....
Tags : Reserve Bank of India, Customers’ Credit Card Data
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SC Bans Felling of Mature Trees for Development Work(19.02.2021)
Supreme Court has said it would ban felling of mature, beneficial trees for development work, including laying roads and setting up industries, and or.....
Tags : Supreme Court, Ban on Felling of Mature Trees
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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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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 releases Primary (Urban) Co-operative Banks' Outlook 2015-2016(29.12.2016)
The Reserve Bank of India today released the third volume of the annual publication titled 'Primary (Urban) Co-operative Banks' Outlook 2015-16'. The .....
Tags : Co-operative Banks, Urban, Publication, Release
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NGT Isues Notices to Civic Agencies over Mahanadi Pollution(06.11.2015)
National Green Tribunal (NGT) has issued showcause notices to Subarnapur District Administration and Sonepur Town Municipality and Odisha Housing and .....
Tags : National Green Tribunal , Subarnapur District Administration , Sonepur Town Municipality , Odisha Housing and Urban Development Department
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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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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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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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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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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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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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CRIMINAL - CBI Court Convicts Ex Indian Bank CMD for Fraud(30.03.2019)
A Special CBI Court has convicted and sentenced former Indian Bank Chairman and Managing Director M Gopalakrishnan and 11 others to three years Rigoro.....
Tags : CBI Court, Ex Indian Bank CMD, M Gopalakrishnan
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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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Issue of Rs. 10 banknotes with improved security features(09.03.2017)
The Reserve Bank of India will shortly issue Rs. 10 denomination banknotes in the Mahatma Gandhi Series-2005 with inset letter 'L' in both the number .....
Tags : Bank Notes, Issuance, Security
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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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RBI Allows Banks to Shift, Merge or Shut Urban Branches(07.08.2015)
Reserve Bank of India has given permission to banks to shift, merge or close branches in urban areas without seeking it’s prior permission.
Tags : RBI, Urban Brances
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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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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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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 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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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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Delhi HC Asks Kunal Kamra to Move Appropriate Authority with Challenge Against Travel Ban(20.03.2020)
Delhi High Court has refused to entertain the Petition filed by the comedian, Kunal Kamra challenging the travel ban imposed on him by Indigo Airlines.....
Tags : Delhi High Court, Kunal Kamra, Travel Ban
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Delhi HC Issues Notice on Plea Challenging Coercive Action Proposed by YES Bank(02.04.2020)
Delhi High Court has issued notice to YES Bank Limited in a plea challenging the email sent by YES Bank, wherein the bank has proposed to take coerciv.....
Tags : Delhi High Court, YES Bank
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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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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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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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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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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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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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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
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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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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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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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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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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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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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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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Reserve Bank of India (Amalgamation of Private Sector Banks) Directions, 2016(21.04.2016)
The Reserve Bank of India notified Master Directions regarding amalgamation of two banking companies or of a banking company and an NBFC. For both, am.....
Tags : amalgamation, private banks, nbfc
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Officers of private bank punishable under POCA(23.02.2016)
Officers of a private bank, specifically its Chairman, Directors and other Officers are ‘public servants’ who can be prosecuted under the Prevention o.....
Tags : Prevention of corruption, bankers, public duty
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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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Maintenance of Escrow Account with a Scheduled Commercial Bank(17.11.2020)
1. A reference is invited to the instructions issued by Reserve Bank of India vide (a) DPSS.CO.PD.No.1164/02.14.006/2017-18 dated October 11, 2017 (up.....
Tags : Maintenance, Escrow Account, Scheduled Commercial Bank
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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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Delhi Court Grants Interim Bail for 6 Months to Umar Khalid, Anirban Bhattacharya(18.03.2016)
Delhi Court has granted bail to Jawaharlal Nehru University students Umar Khalid and Anirban Bhattacharya who have been accused of raising anti-nation.....
Tags : Delhi Court , Umar Khalid, Anirban Bhattacharya
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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 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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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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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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Tamil Nadu Government Brings Ordinance Banning Online Games Involving Betting(23.11.2020)
Tamil Nadu Government has signed an ordinance to "ban online gaming" involving betting in the backdrop of rise in number of suicides by gamers, who al.....
Tags : Tamil Nadu Government, Ordinance Banning Online Games Involving Betting
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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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Delhi HC Put Stay on Corex Ban(15.03.2016)
Delhi High Court has put stay order to drug maker Pfizer against a ban imposed by Health Ministry on its popular cough syrup Corex.
Tags : Delhi High Court, Corex Ban
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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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Kerala HC Notices Union Over Plea Challenging Ban on Sale of Cattle For Slaughter(30.05.2017)
Kerala High Court has asked Central Government to respond to petitions challenging ban on sale of cattle for slaughter.
Tags : Kerala High Court, Beef Ban
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CIVIL - SC Refuses to Stay Merger of Vijaya, Dena Banks with Bank of Baroda(29.03.2019)
Supreme Court has refused to stay amalgamation of three public sector lenders Vijaya Bank, Dena Bank and Bank of Baroda and dismissed applications fil.....
Tags : Supreme Court, Vijaya Bank, Dena Bank
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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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Bombay HC Allows Budget Approval for Universities Before Polls(01.04.2019)
Bombay High Court has allowed all state universities to get their annual budgets approved before upcoming Lok Sabha election from the Maharashtra Gove.....
Tags : Bombay High Court, Certificate Without Husband's Name
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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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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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BANKING - CBI Court Convicts Ex Indian Bank CMD for Fraud(30.03.2019)
A Special CBI Court has convicted and sentenced former Indian Bank Chairman and Managing Director M Gopalakrishnan and 11 others to three years Rigoro.....
Tags : CBI Court, Ex Indian Bank CMD, M Gopalakrishnan
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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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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 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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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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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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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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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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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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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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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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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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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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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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RBI Releases First Bi-Monthly Monetary Policy Statement, 2019-20(04.04.2019)
Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) has announced its resolution under first bi-monthly monetary policy statement for 2019-.....
Tags : Reserve Bank of India, RBI, First Bi-monthly Monetary Policy Statement, 2019-20
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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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Delhi HC Notices TATA, Docomo over RBI Application(02.12.2016)
Delhi High Court has asked NTT Docomo Inc. and Tata Sons Ltd to respond to a Reserve Bank of India (RBI) application seeking to be heard in a dispute .....
Tags : Delhi High Court, Docomo, Tata, Reserve Bank of India
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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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RBI Directs Banks Not to Grant/Renew Permissions to Foreign Law Firms for Opening Liaison Offices(24.11.2020)
Reserve Bank of India has directed the banks not to grant fresh permissions/ renewal of permission to any foreign law firm for opening of Liaison Offi.....
Tags : Reserve Bank of India, Permissions to Foreign law Firms
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RBI Issues Norms for PDs in Exchange-Traded Currency Futures(18.03.2016)
Reserve Bank of India (RBI) has issued guidelines permitting standalone Primary Dealers (PDs) to participate in exchange-traded currency futures on ap.....
Tags : Reserve Bank of India , Primary Dealers, Currency Futures
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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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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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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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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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CRIMINAL - SC Gives Gujarat Govt. 2 Weeks to Finish Proceedings in Bilkis Bano's Case(30.03.2019)
Supreme Court has given two weeks to Gujarat Government to complete disciplinary proceedings against erring officials, including policemen, who were i.....
Tags : Supreme Court, Bilkis Bano
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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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Reserve Bank of India Issues Directions for Permitting Rupee Derivatives to be Traded in IFSCs(24.01.2020)
Reserve Bank of India has released directions under Section 45 W of the Reserve Bank of India Act, 1934 permitting Rupee derivatives to be traded in I.....
Tags : Reserve Bank of India, Trading of Rupee Derivatives in IFSCs
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Central Government declares the computer resources of Canara Bank to be protected systems(11.01.2023)
In exercise of the powers conferred by sub-sections (1) and (2) of section 70 of the Information Technology Act, 2000 (21 of 2000), the Central Govern.....
Tags : Computer resources, Core Banking Solution, protected systems
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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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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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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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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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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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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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RBI Nods to Hike Service Charge on Deposits by Non-Chest Branches(22.01.2016)
Reserve Bank of India (RBI) has said currency chest holding branches can raise service charges to be levied on cash deposited by non-chest bank branch.....
Tags : Reserve Bank of India, Non-Chest Branches
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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NCLAT Rules 'Dispute' As Defined in IBC is Illustrative and Not Exhaustive(25.05.2017)
National Company Law Appellate Tribunal has held that the term “dispute” as defined in Insolvency and Bankruptcy Code (S. 9) is illustrative and not e.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code
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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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Award Scheme For Outstanding Writings In The Field Of Banking Hindi Declaration Of Result For The Year 2015-16(17.04.2017)
Reserve Bank of India had invited entries under the captioned scheme vide press release dated 14 July 2016. On evaluation of the entries received, it .....
Tags : Scheme, Award, Banking hindi
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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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Bombay HC: Administrator Could Not Have Taken Policy Decision After Reconstruction of Yes Bank(23.01.2023)
Bombay High Court has set aside Yes Bank’s decision to write of Additional Tier 1 bonds Rs. 8415 Crore value observing that the Reserve Bank of India .....
Tags : Bombay High Court, Yes Bank, Reserve Bank of India
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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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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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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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Bank Employee Working in its Legal Branch Ineligible to Become Judge: Gujarat HC(30.04.2019)
Gujarat High Court has dismissed a plea of a 'banker' who aspired to become a judicial officer and observed that a bank employee, could not be treated.....
Tags : Gujarat High Court, Bank Employee, Judge
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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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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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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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RBI Asks Banks to Extend loans to Women SHGs at 7 % Rate(22.01.2016)
Reserve Bank of India (RBI) has asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the Nati.....
Tags : Reserve Bank of India, Women Self-Help Group
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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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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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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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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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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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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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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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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 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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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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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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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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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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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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Reserve Bank of India imposes monetary penalty on Central Bank of India(10.11.2020)
Reserve Bank of India (RBI) has, by an order dated November 10, 2020, imposed a monetary penalty of Rs. 50 lakh (Rupees Fifty lakh only) on Central Ba.....
Tags : Penalty, Imposition, Central Bank
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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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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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Secured Creditors' Dues Take Priority Over Govt Claims: Allahabad HC on SARFAESI & RDB Acts(17.10.2025)
Allahabad High Court held that under Section 26-E of the SARFAESI Act, 2002 and Section 31B of the Recovery of Debts and Bankruptcy Act, 1993, the due.....
Tags : Recovery of Debts and Bankruptcy Act, Secured Creditors, Government
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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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