Report .....Tags : Banking, indicators, 2015, december
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Union’s Circular Banning Twenty-Three Breeds of Dogs Banned by Karnataka High Court(11.04.2024)
Karnataka High Court has quashed the circular issued by Union Ministry of Fisheries, Animal Husbandry and Dairying Department that banned twenty-three.....
Tags : Karnataka High Court, Twenty-Three Breeds, Dogs Banned
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RBI: SDR Norms Applicable to NBFCs Too(27.05.2016)
Reserve Bank of India (RBI) has said that modifications made to Strategic Debt Restructuring (SDR) mechanism by RBI in February this year will now be .....
Tags : Reserve Bank of India, NBFCs, SDR
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Delhi HC: Not Bank’s Responsibility to Get Real Estate Project Completed(16.03.2023)
Delhi High Court while observing that banks can’t be loaded with responsibility of getting real estate projects completed, has held that it is for the.....
Tags : Delhi High Court, Real Estate, Bank
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Supreme Court: Woman Gets Nod to Stay With In-Laws While Husband is in jail(03.06.2019)
Supreme Court has permitted a 22-year-old woman to stay with the family of her husband who is serving a life sentence for murder, setting aside a Madr.....
Tags : Supreme Court, Husband
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NCLAT Delhi: Resolution Professional Cannot Decide Eligibility Under Section 29A IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional is not required to take a decision in regard to the ineligibili.....
Tags : National Company Law Appellate Tribunal, Resolution Professional, Section 29A of the Insolvency & Bankruptcy Code, 2016, Resolution Applicant
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Calcutta High Court Questions IAS Officer Alapan Bandyopadhyay’s Appointment as SEC(12.10.2015)
Calcutta HC has questioned State Govt’s decision to appoint senior IAS officer Alapan Bandyopadhyay, as the acting State Election Commissioner (SEC) a.....
Tags : Calcutta HC , State Govt, IAS Officer Alapan Bandyopadhyay, State Election Commissioner
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RBI: New Rs. 500, 2000 Notes From November 10(09.11.2016)
Reserve Bank of India (RBI) Governor, Urjit Patel has said that Apex Bank will launch new Rs 500 and Rs 2,000 currency notes from November 10.
Tags : Reserve Bank of India, New Rs. 500, 2000 Notes
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Bombay HC Dismisses Yes Bank Petition Against Zee Promoters(20.08.2020)
Bombay High Court has rejected a Yes Bank Petition that sought to prevent Zee Entertainment Enterprises from selling shares and disposing of assets, s.....
Tags : Bombay High Court, Yes Bank
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NGT Seeks Report on Groundwater Quality Near Defunct Bandhwari Waste Treatment Plant(18.04.2016)
National Green Tribunal (NGT) has directed Central Ground Water Authority to submit a report on the quality of groundwater near the defunct Bandhwari .....
Tags : National Green Tribunal , Central Ground Water Authority , Bandhwari municipal waste treatment plant
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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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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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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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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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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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Madras HC Restrains Political Parties from Erecting Digital Banners on Roads in TN(20.12.2018)
Madras High Court has restrained all the political parties in Tamil Nadu from erecting digital banners and hoardings on arterial roads posing a risk t.....
Tags : Madras High Court, Erecting Digital Banners
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Madras High Court Allows Welcome Banners to be Put Up for Modi-Xi Summit(04.10.2019)
Madras High Court has permitted the State Government to erect banners from the Chennai airport till Mahabalipuram town (60kms away) to welcome Prime M.....
Tags : Madras High Court, Banners
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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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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 Allows Banks to Use Statutory Reserves for AT1 Bond Coupon Payment(03.02.2017)
Reserve Bank of India has allowed banks to use statutory reserves to pay coupon (interest) on additional Tier-I bonds, subject to certain riders.
Tags : Reserve Bank of India, Tier-I bonds
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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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RBI Imposes Restrictions on Mastercard from On-Boarding New Customers in India from July 22(15.07.2021)
Reserve Bank of India (RBI) while taking supervisory action on Mastercard Asia / Pacific Pte. Ltd. has imposed the restrictions on Mastercard from On-.....
Tags : Reserve Bank of India, Restrictions on Mastercard from On-Boarding New Customers
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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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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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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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SC: Direction Can be Issued to Transfer Compensation to Bank Account of Claimants(19.03.2025)
SC has observed that the general practice followed by insurance companies, where compensation is not disputed, is to deposit it before the Tribunal. I.....
Tags : Supreme Court, Compensation, Bank Account
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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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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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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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Chhattisgarh HC: Existence of Serious Dispute Between Husband and Wife Not Prerequisite for Divorce(21.09.2021)
Chhattisgarh High Court has held that the existence of a serious dispute between husband and wife is not a prerequisite for the grant of divorce by mu.....
Tags : Chhattisgarh High Court, Existence of Serious Dispute Between Husband and Wife
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RBI Maintains Status Quo, Keeps REPO Rate Unchanged at 6.25%(07.06.2017)
Reserve Bank of India (RBI) has held on to policy rate at 6.25 percent in its monetary policy review on June 7, 2017, the second bi-monthly review for.....
Tags : Reserve Bank of India, REPO Rate
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Madras HC Declines PIL Seeking Ban on Online and Offline Video Games(02.07.2021)
Madras High Court has declined to entertain a Public Interest Litigation (PIL) seeking a ban on all online and offline video games that children and y.....
Tags : Madras High Court, Ban on Online and Offline Video Games
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CESTAT Bangalore: Restoration and Painting of Cylinders not subject to Tax as ‘Maintenance and Repair(10.09.2018)
Bangalore bench of CESTAT has held that activity of restoration and painting of cylinders is not subject to Service Tax under the head ‘Maintenance a.....
Tags : CESTAT Bangalore. Painting of Cylinders
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Lok Sabha passes Banking Laws (Amendment) Bill, 2024(04.12.2024)
Lok Sabha has passed the Banking Laws (Amendment) Bill, 2024 which includes bank accounts to have four nominees among other changes. Under this amendm.....
Tags : Lok Sabha, Bank Account Holders, Simultaneous Nominations
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RBI to assist cooperative banks in uptake of Core Banking(13.04.2016)
To ensure implementation of Core Banking System in Urban Cooperative Banks, the Reserve Bank of India will dole out Rs. 4 lakh to each to cover initia.....
Tags : Cooperative banks, core banking
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NCLAT: ED Cannot Keep Attached Assets After Resolution Plan Approval(16.10.2025)
NCLAT held that asset attachments by the Enforcement Directorate under Prevention of Money Laundering Act (PMLA) cease once a resolution plan is appro.....
Tags : Enforcement Directorate, Prevention of Money Laundering Act, Insolvency and Bankruptcy Code
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SEBI Eases Norms on Consolidated Numbers for Banks, Insurance Companies(13.05.2020)
Securities and Exchange Board of India (SEBI) has exempted banks and insurance companies from publishing consolidated financial results for the June q.....
Tags : Securities and Exchange Board of India, Banks, Insurance Companies
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Bombay High Court Stays Ban on Sale of Meat in Mumbai on September 17(14.09.2015)
Bombay High Court on petition challenging ban imposed in name of Jain community's 'Paryushan' fasting period, has stayed ban on sale of meat in Mumbai.....
Tags : Bombay High Court,Paryushan,Ban on Sale of Meat
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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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SAT Upholds SEBI Order Imposing Fine on Former YES Bank CEO, Rana Kapoor(22.06.2021)
Securities Appellate Tribunal has upheld the order by the Securities and Exchange Board of India imposing fine of Rs. 1 Crore on former YES Bank CEO, .....
Tags : Securities Appellate Tribunal, Former YES Bank CEO, Rana Kapoor
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SEBI Fines ICICI Bank, Compliance Officer Rs 12 lakh for Disclosure Lapses(13.09.2019)
SEBI has levied a total fine of Rs 12 lakh on ICICI Bank Ltd and its compliance officer for disclosure lapses, including delayed disclosure of binding.....
Tags : SEBI, ICICI Bank
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RBI Orders Concurrent Auditors to Submit Reports on Non-Performing Loans Directly to Banks(25.09.2015)
Reserve Bank of India (RBI) has directed concurrent auditors of commercial banks to submit their review of non-performing loans directly to the banks .....
Tags : Reserve Bank of India,concurrent auditors of commercial banks
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RBI Proposes Penalties for Banks Failing to Replenish Bank ATMs Within Time(11.08.2021)
Reserve Bank of India (RBI) has proposed penalties for banks and White Label ATM operators if their ATMs are found to be lying without replenishment f.....
Tags : Reserve Bank of India, Penalties for Banks Failing to Replenish Bank ATMs
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RBI Keeps Repo Rate Unchanged at 6%, Raises Inflation Forecast for Next Two Quarters(06.12.2017)
Reserve Bank of India (RBI) has kept repo rate unchanged at 6 percent. The inflation forecast for the next two quarters has been increased from 4.2 - .....
Tags : Reserve Bank of India
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RBI Revises Priority Sector Lending Norms for RRBs(04.12.2015)
Reserve Bank of India (RBI) has revised the priority sector lending target for Regional Rural Banks (RRBs) to 75% of total outstanding loans from 60% .....
Tags : Reserve Bank of India, Regional Rural Banks
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ITAT: Father Can’t be Taxed for Cash Deposit in Bank Account Opened in The Name of Major Son(25.07.2022)
Income Tax Appellate Tribunal (ITAT), Pune Bench while deleting an addition for cash deposit, has held that the clubbing of income under the provision.....
Tags : ITAT, Minor Children, Income-Tax, Bank Account
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Bombay HC Slams RBI For Not Exchanging Old Notes in Deceased’s Locker(03.02.2017)
Bombay High Court came down heavily on Reserve Bank of India (RBI) for not complying with its order to change demonetised currency notes totalling Rs .....
Tags : Bombay High Court , Reserve Bank of India
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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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IBBI Amends its Regulations on Information Utilities(20.06.2022)
Insolvency and Bankruptcy Board of India (IBBI) has introduced second round of amendments to the Insolvency and Bankruptcy Board of India (Information.....
Tags : Insolvency and Bankruptcy Board of India, Amendments
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Supreme Court: High Way Booze Ban Not Applicable to Bars, Outlets Within Municipal Areas(24.08.2017)
Supreme Court has clarified that high way liquor ban imposed by it is not applicable to licenced bars and beverages outlets within municipal area.
Tags : Supreme Court, Highway Liquor Ban
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General guidelines for implementation of e-payment of excise refund and rebate(12.01.2016)
The Central Board of Excise and Customs has prescribed procedure for e-payment of refund and rebate. The procedure is hoped to speed transfer of funds.....
Tags : Excise, e-payment, refund, rebate, authorised banks
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Supreme Court Denies Bank Peon Job for Overqualified Candidate(04.11.2020)
Supreme Court has upheld the cancellation of the candidature of a candidate by Punjab National Bank on the ground that he was overqualified for the po.....
Tags : Supreme Court, Bank Peon Job
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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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CCI Approves RBS India-Sanctum Wealth Acquisition Deal(30.12.2015)
Competition Commission of India (CCI) has approved acquisition of Royal Bank of Scotland (RBS) Group's India wealth management business by Sanctum Wea.....
Tags : Competition Commission of India , Royal Bank of Scotland , Sanctum Wealth
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Kar. HC: Able-Bodied Husband Having Earning Capacity Can't Seek Permanent Alimony from Wife(11.07.2022)
Karnataka High Court has held that an able bodied man having the capacity to earn cannot seek for permanent alimony on divorce from his wife.
Tags : Karnataka High Court, Alimony, Husband
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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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Supreme Court Stays Patna HC Proceedings on Plea Against Liquor Ban(03.01.2017)
Supreme Court has stayed proceedings in Patna High Court in cases challenging Bihar’s new liquor prohibition law.
Tags : Supreme Court, Patna HC, Liquor Ban
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Kar. HC: Husband Asking Wife to Pursue Education, Expressing Views About Having Child Not Cruelty(17.08.2022)
Karnataka High Court while setting aside conviction under Section 498A of Indian Penal Code has held that husband suggesting to his wife or asking her.....
Tags : Karnataka High Court, Cruelty, Husband
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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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Hyderabad HC Questions Centre’s Policy over Role of Cooperative Banks in Demonetization Drive(30.11.2016)
Hyderabad High Court has questioned Centre as to why it was not taking into confidence Cooperative Banks in its fight against black money.
Tags : Hyderabad HC, Cooperative Banks , Demonetization
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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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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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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: 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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RBI Allows NRIs to Access ETCS Market(03.02.2017)
Reserve Bank of India (RBI) has allowed NRIs access to Exchange Traded Currency Derivatives (ETCD) market to hedge currency risk arising out of their .....
Tags : Reserve Bank of India, Exchange Traded Currency Derivatives
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Ker. HC: Violating the Procedure for Sampling Contraband u/s 53A of Abkari Act Vitiates Prosecution(17.09.2025)
Kerala High Court acquitted a man sentenced to four years' rigorous imprisonment for alleged possession and manufacture of arrack, noting the prosecut.....
Tags : Contraband, Abkari Act, Rigorous Imprisonment
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MP HC Dismisses Plea Challenging Ban on Inter- State Bus Transportation Amid Covid -19(16.08.2021)
Madhya Pradesh High Court has dismissed a plea challenging ban on inter-state bus transportation amid Covid-19, by observing that prohibition on vehic.....
Tags : Madhya Pradesh High Court, Ban on Inter- State Bus Transportation
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US Supreme Court Allows Full Enforcement of Trump Travel Ban(11.12.2017)
US Supreme Court has allowed the Trump administration to fully enforce a ban on travel to the United States by residents of six mostly Muslim countrie.....
Tags : Supreme Court, Trump Travel Ban
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PMLA Appellate Authority: IBC Prevails Over Prevention of Money Laundering Act(24.09.2019)
In an important decision, the Appellate Authority of the Prevention of Money Laundering Act, 2002 has upheld the prevalence of the Insolvency and Bank.....
Tags : Appellate Authority of the Prevention of Money Laundering Act, 2002, Insolvency and Bankruptcy Code, PMLA
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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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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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TRAI Gives Clean Cheat to Jio’s Happy New Year Plan(03.02.2017)
Telecom Regulatory Authority of India (TRAI) has given a clean chit to billionaire Mukesh Ambani-run firm Jio’s free voice calling and data plan on it.....
Tags : Telecom Regulatory Authority of India. JIO, Mukesh Ambani
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Kerala HC: Right of Creditor to Have Bank Guarantee Invoked Only During Currency of Bank Guarantee(29.04.2021)
Kerala High Court has held that the right of a creditor to have the Bank Guarantee invoked is only during the currency of the Bank Guarantee and not d.....
Tags : Kerala High Court, Bank Guarantee
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RBI Notifies Increase in FPI Holding Limits(07.10.2015)
Reserve Bank of India (RBI) has notified that Foreign Portfolio Investors (FPI) would be able to hold up to R1.66 lakh crore worth of government secur.....
Tags : Reserve Bank of India ,Foreign Portfolio Investors
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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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NCLAT Upholds Dismissal of Petition Filed During Prohibited Period(24.05.2022)
National Company Law Appellate Tribunal while adjudicating an appeal has upheld that Corporate Insolvency Resolution Process cannot be initiated over .....
Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process, Insolvency and Bankruptcy
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SC Asks Wife to Seek Financial Assistance for Husband’s Surgery Under National Policy(17.08.2021)
Supreme Court has asked a wife seeking financial assistance for her husband's lung transplant to make a representation under the National Policy formu.....
Tags : Supreme Court, Financial Assistance for Husband’s Surgery
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Bank Lending and Loan Quality: The Case of India(14.12.2016)
The Reserve Bank of India today placed on its website a Working Paper titled 'Bank Lending and Loan Quality: The Case of India' under the Reserve Bank.....
Tags : Bank Lending, Loan Quality, Working paper
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NCLAT: Article 1 of Limitation Act,1963 not Apply to Proceedings Under IB Code, 2016(26.05.2022)
National Company Law Appellate Tribunal (NCLAT) Principal Bench has held that the Article 1 of Limitation Act, 1963 is not applicable to the Petition .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, Limitation
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SC Stays Tripura HC Order Calling for MHA Files on Security Cover to Ambani Family(29.06.2022)
Supreme Court has stayed the orders passed by the Tripura High Court seeking the production of files of the Ministry of Home Affairs relating to the s.....
Tags : Supreme Court, MHA Files, Security, Mukesh Ambani
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Delhi HC: Haryana’s Ban on Transit Violates Basic Rights(11.05.2020)
Delhi High Court has observed that the order by Haryana authorities preventing movement of doctors, nurses, Court staff and trucks to and from Delhi t.....
Tags : Delhi High Court, Haryana's Ban on Transit
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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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Limitation Act Applicable to Applications Filed Under Sec 7 and 9 of IBC from Inception of Code: SC(12.10.2018)
Supreme Court has held that the Limitation Act is applicable to applications filed under Sections 7 and 9 of Insolvency and Bankruptcy Code From the i.....
Tags : Supreme Court, Insolvency and Bankruptcy Code
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RBI Issues Guidelines on PSLCs(08.04.2016)
Reserve Bank of India (RBI), has released guidelines for Priority Sector Lending Certificates (PSLCs), where banks can buy and sell instruments to man.....
Tags : Reserve Bank of India, Priority Sector Lending Certificates
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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 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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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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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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NCLAT: Pendency of Appeal Under Arbitration Act Does Not Bar Insolvency Process Under IBC(01.09.2017)
National Company Law Appellate Tribunal has observed that pendency of S.37 appeal under Arbitration Act cannot be treated as an ‘existence of dispute’.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code
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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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Gujarat HC: Husband Can't Skip Obligations to Wife(20.01.2016)
Gujarat High Court, while acting on a petition filed by an Australia-based petitioner to set aside an FIR of dowry harassment filed against him by his.....
Tags : Gujarat High Court, husband, wife
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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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RBI Imposes Rs 1.75-Crore Penalty on Indian Bank for Non-Compliance(21.11.2019)
Reserve Bank of India has imposed a monetary penalty of a total of Rs 1.75 crore on Indian Bank for non-compliance with its various directions. The no.....
Tags : RBI, Indian Bank
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Insolvency and Bankruptcy Board of India (IBBI): Unclaimed Dividend to Go to IBBI Account(17.01.2020)
Insolvency and Bankruptcy Board of India has notified an amendment to the Voluntary Liquidation Process Regulation, 2017, whereby all unclaimed divide.....
Tags : Insolvency and Bankruptcy Board of India, Amendment in Voluntary Liquidation Process Regulation, 2017
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RBI Permits Banks to Offer More Services Via Offsite ATMs(15.01.2016)
Reserve Bank of India (RBI) has said that banks are now free to offer all their products and services through the ATM channels provided technology per.....
Tags : Reserve Bank of India, ATM
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Supreme Court Stays FIR Registered Against Journalist Who Was Covering 2018 Bharat Bandh(29.10.2020)
Supreme Court has stayed a First Information Report registered against Yogesh Kumar Holkar, a journalist who had covered the 2018 Bharat Bandh protest.....
Tags : Supreme Court, Journalist Covering 2018 Bharat Bandh
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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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#Major Changes Implementing From Today: RBI’s New Credit and Debit Card Rules(01.10.2020)
Reserve Bank of India (RBI) has issued new guidelines which will become effective from 1st October, 2020 to secure debit and credit cards, whereby car.....
Tags : Reserve Bank of India, Credit and Debit Card Rules
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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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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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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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SC: Protection U/S 197 CrPC Not Available to Nationalised Bank Employee(09.08.2023)
Supreme Court has held that although a person working in a Nationalised Bank is a public servant, yet the provisions of Section 197 CrPC wouldn’t be a.....
Tags : Supreme Court, Nationalised Bank Employee, Public Servant, Section 197 CrPC
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Bombay High Court Restricts Canara Bank from Taking Possession of Worli Bungalow(09.10.2019)
Bombay High Court has restricted Canara Bank from taking over a bungalow in Worli locality of Mumbai from one of its borrowers and guarantor of a loan.....
Tags : Bombay High Court, Canara Bank
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IBBI Amends Regulations Related to Corporate Insolvency Proceedings(19.11.2020)
Insolvency and Bankruptcy Board of India (IBBI) amended Regulations relating to corporate insolvency proceedings which came to be known as the Insolve.....
Tags : Insolvency and Bankruptcy Board of India, Regulations Related to Corporate Insolvency Proceedings
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SC Issues Notice on Plea Seeking Absolute Ban on Use of Sanitization Tunnels(10.08.2020)
Supreme Court has issued notice to Union of India on a Public Interest Litigation seeking complete ban on sanitization tunnels being used across the c.....
Tags : Supreme Court, Ban on Use of Sanitization Tunnel
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SAT Sets Aside Rs 3 Lakh Penalty on Central Bank of India(10.09.2019)
Securities Appellate Tribunal (SAT) has set aside a penalty of Rs 3 lakh levied by markets regulator Securities and Exchange Board of India(SEBI) on C.....
Tags : SAT, Central Bank of India
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RBI Permits Banks to Convert Stressed Loans into Standard, Conditions Apply(25.09.2015)
RBI has said that it would permit banks to convert status of their "stressed" loans to a company into "standard" ones if entity is sold to a new major.....
Tags : RBI,Banks
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SC: NBFCs Cannot be Regulated by State Enactments(11.05.2022)
Supreme Court has ruled that state laws cannot govern Reserve Bank of India-regulated non-banking financial companies (NBFCs). The top court stated th.....
Tags : Supreme Court, Non-banking financial companies, Reserve Bank of India
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Status Quo on MDR: RBI(31.03.2017)
RBI has said that its mid-December 2016 ‘special measures’ on rationalisation of merchant discount rate (MDR) will continue whereby MDR for transactio.....
Tags : Reserve Bank of India, merchant discount rate
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Application Under Sec. 7 of IBC can’t be Admitted After Settlement Between Parties: NCLAT(06.12.2018)
National Company Law Appellate Tribunal has declared admission of application under Section 7 of the Insolvency and Bankruptcy Code after settlement b.....
Tags : NCLAT, Section 7 of Insolvency and Bankruptcy Code
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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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MP HC Imposes Rs. 2 Lakh Exemplary Cost on SBI for 'Inhuman Approach'(29.07.2021)
Madhya Pradesh High Court has imposed exemplary cost of Rs. 2 lakhs on the State Bank of India (SBI) for adopting a very 'inhuman approach' while deal.....
Tags : Madhya Pradesh High Court, Cost on State Bank of India
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RBI Permits Companies to Raise $750 mn through Rupee Bonds(30.09.2015)
Reserve Bank of India (RBI) has permitted companies to raise up to $750 million from overseas markets under automatic route, through rupee-denominated.....
Tags : Reserve Bank of India ,companies
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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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SC Issues Notice to Union Government on Petitions Challenging Constitutionality of IBC Ordinance(14.01.2020)
Supreme Court has issued a notice to the Union Government on Petitions Challenging Constitutional Validity of Insolvency and Bankruptcy Code (Amendmen.....
Tags : Supreme Court, Insolvency and Bankruptcy Code Ordinance
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Gujarat High Court: Order of Attachment of Bank Account is Prima Facie without Authority of Law(08.11.2019)
Gujarat High Court has observed that the order of attachment of bank account is prima facie without the authority of law and the order of blocking of .....
Tags : Gujarat High Court, Bank Account
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Timeframe for implementation of Ind AS for scheduled commercial banks(11.02.2016)
The Reserve Bank of India notified scheduled commercial banks are required to comply with Indian Accounting Standards (Ind AS) for accounting periods .....
Tags : Indian accounting standards, commercial banks, implementation
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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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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 imposes monetary penalty on Indian Bank(20.11.2019)
The Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of Rupees One crore on Indian Bank (the bank) for non-.....
Tags : Penalty, Imposition, Indian Bank
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Delhi High Court Stays Lower Court Proceedings Against Bank Executives(27.05.2019)
Delhi High Court has stayed the lower court proceedings against Punjab National Bank its former Managing Director & CEO Usha Ananthasubramanian and 11.....
Tags : Delhi High Court, Bank
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RBI Allows Bank to Offer Lower Rate on Matured Fixed Deposits(06.07.2021)
Reserve Bank of India has allowed banks to offer the lower of either the savings deposit rate or fixed deposit rate on matured Fixed Deposits in a bid.....
Tags : Reserve Bank of India, Rate on Matured Fixed Deposits
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Delhi HC Upholds Ban on Social Media Use by Defence Staff(06.08.2020)
Delhi High Court has upheld the ban on social media for defence personnel, observing that it is a policy decision by the Government based on feedback .....
Tags : Delhi High Court, Ban on Social Media Use
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Payments Bank and Small Finance Banks- access to Call/Notice/Term Money Market(29.10.2018)
1. A reference is invited to Master Direction No.2/2016-17, dated July 7, 2016 on Money Market Instruments. A reference is also invited to the Guideli.....
Tags : Payments Bank, Small Finance Banks, Access
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RBI 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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Allahabad HC Seeks Reply From BHU over Magsaysay’s Petition(15.02.2016)
Allahabad High Court has asked Banaras Hindu University (BHU) authorities to file a counter affidavit on a petition filed by Magsaysay Award-winning s.....
Tags : Allahabad High Court, Banaras Hindu University
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RBI imposes monetary penalty on The Jammu and Kashmir Bank Ltd(14.11.2018)
The Reserve Bank of India (RBI) has imposed, by an order dated November 05, 2018, a monetary penalty of Rs. 30 million on The Jammu and Kashmir Bank L.....
Tags : Penalty, Imposition, Bank
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Bombay HC: Forcing Husband to Stay Away From His Parents Amounts to Cruelty(26.12.2016)
Bombay High Court has held that any pressure on part of wife on husband to stay away from his parents without any justifiable cause amounts to cruelty.....
Tags : Bombay HC, Husband, Cruelty
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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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Allahabad HC Enquires Over Woman Harassed Being Forced to Return to Husband(09.07.2021)
Allahabad High Court has called for an explanation from Senior Superintendent of Police, Aligarh, and the Superintendent of Police, Kasganj as to why .....
Tags : Allahabad High Court, Woman Harassed Being Forced to Return to Husband
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Delhi HC Orders Removal of Construction Around 300 Year Old Banyan Tree(10.08.2020)
Delhi High Court has ordered removal of construction and concrete around a 300 year old tree in Chandni Chowk, as a step to protect the Banyan Tree.
Tags : Delhi High Court, Banyan Tree
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Delhi High Court: Finance Ministry Dept's Fine on Banks Reversed(09.09.2019)
Delhi High Court has dismissed 15 appeals by the Financial Intelligence Unit of the Finance Ministry against an order of the Appellate Tribunal of th.....
Tags : Delhi High Court, Banks
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Delhi HC: Weak Financial Condition of Party Cannot be Sole Ground to Deposit Security/Bank Guarantee(09.05.2022)
Delhi High Court has ruled that the weak financial condition of a party cannot be the only ground to direct the party to deposit a security or bank gu.....
Tags : Delhi High Court, bank guarantee, arbitration
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RBI: Banks to Remain Closed on April 1(31.03.2017)
Reversing its earlier order, Reserve Bank (RBI) has said that the bank branches dealing in government businesses need not remain open on April 1 in vi.....
Tags : Reserve Bank of India, April 1
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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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National Green Tribunal Lifts Ban on Construction, Entry of Trucks in Delhi-NCR(20.11.2017)
National Green Tribunal has lifted the ban on construction activities in Delhi-NCR after the Central Pollution Control Board and the Delhi Pollution C.....
Tags : National Green Tribunal, Construction, Ban
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Securities Appellate Tribunal Grants Interim Relief to Axis Bank(16.01.2020)
Securities Appellate Tribunal has granted interim relief to Axis Bank in the Appeal seeking status quo on the Order passed by the Securities and Excha.....
Tags : Securities Appellate Tribunal, Axis Bank, Karvy Stock Broking Case
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SC Stays Madhya Pradesh HC’s Ban on Election Rallies(27.10.2020)
Supreme Court has stayed a Madhya Pradesh High Court order which had directed virtual campaigning for assembly by-elections in Madhya Pradesh, overrid.....
Tags : Supreme Court, Ban on Election Rallies
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India Post Payments Bank Limited commences operations(30.01.2017)
India Post Payments Bank Limited has commenced operations as a payments bank with effect from January 30, 2017. The Reserve Bank has issued a licence .....
Tags : Payments bank, Operation, Commencement
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Hyderabad HC Suspends Circular Proposing Ban on Flexies Manufacturing(29.12.2016)
Hyderabad High Court has suspended circular issued by Director of Municipal Administration of Telangana proposing to ban manufacture of flexies and ba.....
Tags : Hyderabad HC, flexies, banners
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Rajya Sabha Passes Insolvency and Bankruptcy Code Amendment Bill(03.01.2018)
Rajya Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2017, which bars unscrupulous persons from misusing the provisions of the .....
Tags : Rajya Sabha, Insolvency, Bankruptcy
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RBI Postpones Issue Date of Sovereign Gold Bonds(25.11.2015)
Reserve Bank of India (RBI) has postponed issue date of sovereign gold bond by four days to November 30 to enable their smooth uploading into the cent.....
Tags : Reserve Bank of India , Sovereign Gold Bonds
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Patna High Court to State Government: Courts Clogged with 2 Lakh Booze Ban Cases(22.11.2019)
Patna High Court has pulled up the State Government for leaving an already burdened judiciary saddled with more than 2 lakh booze prohibition related .....
Tags : Patna High Court, Booze Ban Cases
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Supreme Court Bans Fire Crackers in Delhi, NCR to Curb Air Pollution(25.11.2016)
Supreme Court has ordered ban on sale of fire crackers in Delhi and NCR to curb increasing pollution levels.
Tags : Supreme Court , Fire Crackers, Ban, Delhi, NCR
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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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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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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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P&H HC Imposes Cost on Woman for Failing to Provide Reason for Leaving Her Husband(15.09.2020)
Punjab and Haryana High Court has imposed a cost of Rs 25,000 on a woman for failing to explain why she had left her husband against whom she had appr.....
Tags : Punjab and Haryana High Court, Reason for Leaving Husband
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Supreme Court Annuls Allahabad HC Verdict Quashing Institutional Preference in AMU, BHU(08.06.2017)
Supreme Court has quashed Allahabad High Court’s judgment that quashed institutional preference in Aligarh Muslim University and Banaras Hindu Univers.....
Tags : Supreme Court, Allahabad High Court, Aligarh Muslim University, Banaras Hindu University
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Madras HC Directs State to Pay Compensation to Husband of Woman Who Died(02.07.2021)
Madras High Court has directed the State Government to pay Rs. 5,00,000/- compensation to the husband of a woman who died due to non-availability of a.....
Tags : Madras High Court, Compensation to Husband of Woman Who Died
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Madhya Pradesh High Court Upholds Total Prohibition of Plastic Carry Bags in State(17.09.2018)
MP HC has dismissed writ petitions challenging the total prohibition brought vide Madhya Pradesh Jaiv Anaashya Apashishta (Niyantran) Sanshodhan Adhin.....
Tags : Madras High Court, Plastic Bags Ban
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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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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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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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Reserve Bank of India imposes monetary penalty on FINO Payments Bank Limited(05.11.2018)
The Reserve Bank of India (RBI) has, on October 31, 2018, imposed a monetary penalty of Rs. 10 million on FINO Payments Bank Limited (the bank) for co.....
Tags : Penalty, Imposition, Bank Limited
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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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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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SC: CBI to Conduct Preliminary Enquiries in ‘Builder-Banks’ Nexus(30.04.2025)
Supreme Court has directed the Central Bureau of Investigation to conduct preliminary enquiries into the National Capital Region’s nexus of builders a.....
Tags : Supreme Court, Preliminary Enquiries, ‘Builder-Banks’ Nexus
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Reserve Bank of India imposes monetary penalty on SBM Bank (India) Ltd(16.10.2019)
The Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of Rs. 3 crore on SBM Bank (India) Ltd. for non-co.....
Tags : Penalty, Imposition, SBM Bank
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Delhi High Court: World Bank Not A Govt Agency Within Article 12 Of Constitution(25.10.2021)
Delhi High Court has held that the World Bank is not a Government agency for the purposes of Article 12 of the Constitution of India, 1949 which defin.....
Tags : Delhi High Court, World Bank
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Madras High Court: Don't Erect Banner, Hoarding of a Living Person(25.10.2017)
Madras High Court has imposed a blanket ban on erecting hoardings, flex banners and signboards from the state's skyline with images of individuals who.....
Tags : Madras High Court, hoardings, flex banners, signboards
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Delhi HC Directs RBI to Reconsider Jindal Steel and Power Ltd Application(07.12.2020)
Delhi High Court has remanded to the Reserve Bank of India, an application by Jindal Steel and Power Ltd (JSPL) to transmit $300 million to its wholly.....
Tags : Delhi High Court, Reserve Bank of India, Jindal Steel and Power Ltd
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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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SC Asks about Union’s Purpose of Detaining Illegal Bangladeshi Immigrants Indefinitely(04.02.2025)
Supreme Court has asked the Central Government about its purpose of indefinitely detaining hundreds of illegal Bangladeshi immigrants instead of depor.....
Tags : Supreme Court, Central Government, Bangladeshi Immigrants
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Bandra Court Orders FIR Against Kangana Ranaut for Allegedly Promoting Communal Disharmony(19.10.2020)
Bandra Court has ordered a First Information Report to be registered against actor Kangana Ranaut and her sister Rangoli Chandel for allegedly trying .....
Tags : Bandra Court, Kangana Ranaut, Rangoli Chandel
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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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NGT Bans Use of Music Systems in Sunderbans(23.11.2016)
National Green Tribunal (NGT) has banned use of music systems by tourists in Sunderbans.
Tags : National Green Tribunal, Sunderbans, music systems
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Lakshmi Vilas Bank Ltd branches to operate as DBS Bank India Ltd. branches from November 27, 2020(25.11.2020)
The Government of India has today sanctioned the Scheme for the amalgamation of the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd. The amalgamation .....
Tags : Lakshmi Vilas Bank, Scheme, Amalgamation
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RBI Issues Draft Norms for Account Aggregators(04.03.2016)
Reserve Bank of India (RBI) has issued draft guidelines for setting up of Non-Banking Finance Companies (NBFC) that would act as account aggregators a.....
Tags : Reserve Bank of India , Non-Banking Finance Companies
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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 Revises Norms for NBFC Factor Firms(19.02.2016)
Reserve Bank of India (RBI) has came out with clarifications for NBFC factor companies to remove any possible regulatory arbitrage with banks that pro.....
Tags : Reserve Bank of India , NBFC factor companies
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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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Calcutta HC Restrains Special Audit of Bank Headed by BJP MLA Suvendu Adhikari(19.07.2021)
Calcutta High Court has held that the West Bengal government's Co-operative Department shall not conduct a special audit of the Contai Cooperative Ban.....
Tags : Calcutta High Court, Special Audit of Bank Headed by BJP MLA Suvendu Adhikari
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Provisioning pertaining to Fraud Accounts(18.04.2016)
Reserve Bank of India notified amendments to provisions in respect of Fraud Accounts. Banks making good amounts upon detection of fraud can adjust fin.....
Tags : fraud accounts, banks, adjustment, profit and loss
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Reporting of Transactions by agency banks to RBI(30.11.2017)
It has been brought to our notice that some agency banks are reporting government transactions after considerable delay and along with the current tra.....
Tags : RBI, Agency Banks, Transactions
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Allahabad HC Fines SBI ?1 Lakh for Delay in Deciding Compassionate Appointment Claim(30.09.2025)
Allahabad High Court imposed a ?1 lakh cost on the State Bank of India for failing to decide a compassionate appointment application for five years, t.....
Tags : Compassionate Appointment, State Bank of India, Claim
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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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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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RBI Imposes Fine on SBI for Failure to Comply with Fraud Classification Rules(19.10.2021)
Reserve Bank of India has slapped a fine of Rs 1 crore on State Bank of India for failing to comply with fraud classification rules. The regulator sai.....
Tags : Reserve Bank of India, State Bank of India
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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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Suryoday Small Finance Bank Limited commences operations(23.01.2017)
Suryoday Small Finance Bank Limited has commenced its operations as a small finance bank with effect from January 23, 2017. The Reserve Bank has issue.....
Tags : Finance Bank, Small, Operations
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Karnataka HC to Hear Challenge to Promotion and Regulation of Online Gaming Act 2025(28.08.2025)
Karnataka High Court is set to hear a plea by an online gaming company challenging the Promotion and Regulation of Online Gaming Act, 2025 which seeks.....
Tags : Karnataka High Court, Online Gaming Company, Bank Services
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MP HC Directs Police to Take Action against Companies Wholesaling Banned Contraband Drugs Online(23.01.2025)
Madhya Pradesh High Court has directed the police and Narcotic Bureau as well as Drug Controller to take immediate action against the owner/stake hold.....
Tags : MP High Court, Narcotic Bureau, Contraband Drugs
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SAT Reduces Market Ban on Inventure Growth(11.10.2019)
Securities Appellate Tribunal has reduced the market ban period on Inventure Growth and Securities to three years as well as set aside restrictions on.....
Tags : SAT, Market Ban
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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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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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Telangana HC Directs State to Immediately Ban Sale/Use of Fireworks During Diwali(13.11.2020)
Telangana High Court has directed the State to immediately ban the sale and use of fireworks by the people and by organisations noting that uncontroll.....
Tags : Telangana High Court, Ban Sale/Use of Fireworks
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SC: Anti-Graft Act Covers All Pvt. Bank Staff Too(24.02.2016)
SC, in a move to expand scope of the Prevention of Corruption Act, has brought all private bank employees within the ambit of the anti-graft law, whic.....
Tags : SC, anti-graft law, Pvt. Bank
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SC: No UAPA Offence for Attending Meetings of Unbanned Organisation(26.08.2025)
Supreme Court has held that if a person attends meeting with an organisation which is not banned as per the Unlawful Activities (Prevention) Act, 1967.....
Tags : Supreme Court, UAPA, Bail, Unbanned Organisation, Undertrial
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Orissa HC: Directors Liable under S.138 NI Act Despite Company’s Insolvency(16.10.2025)
Orissa High Court held that company directors cannot escape liability for cheque dishonour under Section 138 of the Negotiable Instruments Act, 1881 m.....
Tags : Negotiable Instruments Act, Insolvency and Bankruptcy Code, Cheque Dishonour
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India Signs Loan Agreement with World Bank for USD 100 Million for "Shared Infrastructure for Solar Parks Project"(20.11.2017)
A Guarantee Agreement for IBRD/CTF loan of USD 98 million and Grant Agreement for USD 2 million for the "Shared Infrastructure for Solar Parks Project.....
Tags : Loan Agreement, World Bank, Solar Parks, Project
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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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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 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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SC Allows Caretaker Trust to Operate Bank Accounts Towards Philanthropic Causes(22.10.2020)
Supreme Court has allowed the Maharawal Khewaji Trust that manages the Rs 20,000 Crores worth property of the last ruler of the erstwhile princely sta.....
Tags : Supreme Court, Operation of Bank Accounts
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Bombay High Court 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
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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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Bombay HC Refuses to Stay Concert by British Rock Band ‘Coldplay’(18.11.2016)
Bombay High Court has refused to stay upcoming concert by British Rock Band ‘Coldplay’, but said Maharashtra Government should take an undertaking fro.....
Tags : Bombay High Court, British Rock Band, Coldplay, Concert
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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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NCLAT: Threshold of Rs.1 Crore Is Required for Initiation of CIRP(12.05.2022)
National Company Law Appellate Tribunal (NCLAT) has ruled that an application filed after 24.03.2020 under Section 7 of the Insolvency and Bankruptcy .....
Tags : National Company Law Appellate Tribunal, Section 7, Insolvency and Bankruptcy Code, 2016, threshold, One Crore
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Supreme Court Reduces Highway Liquor Ban Distance from 500m to 220m in Small Towns(03.04.2017)
Supreme Court has partially modified its order banning liquor vendors in the vicinity of 500 metres on National and State highways. However it refused.....
Tags : Supreme Court, Highway Liquor Ban
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NGT Seeks Health Ministry’s, MoEF’s Response over Plea Seeking Ban on Mercury Equipments(08.02.2016)
National Green Tribunal (NGT) has sought Government's Response over plea seeking ban of mercury-based equipments in hospitals to prevent spillage of t.....
Tags : National Green Tribunal, Ban on Mercury Equipments
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NGT Forms Committee to Check Pollution in Delhi During Functions at Banquets, Hotels(14.11.2018)
National Green Tribunal has formed a committee to stop activities that lead to degradation of the environment due to functions at banquet halls, farmh.....
Tags : NGT, Banquets
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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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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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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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Karnataka HC Directs Authorities to Not Grant Permission for Construction Near Protected Monuments(05.06.2025)
Karnataka High Court has directed the State Urban Development Department to issue a circular restricting officers from granting permission allowing to.....
Tags : Karnataka High Court, Urban Development Department, Protected Monuments
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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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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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Supreme Court Rejects Plea of Axis Bank Against Release of Arbitral Award Money to Daiichi(14.12.2018)
Supreme Court has refused to entertain an Axis Bank plea opposing release of Rs 9.39 crore, which is part of Rs 3,500 crore awarded by a Singapore tri.....
Tags : Supreme Court, Axis Bank, Daiichi Sankyo
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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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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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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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RBI Directs Banks to Report Cyber Crimes within 6 Hours(03.02.2017)
RBI, while asking banks to report any cyber security incident within two to six hours of its happening, has warned lenders that any delay in reporting.....
Tags : Reserve Bank of India, cyber security
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SC: Non-Production of Contraband Not Fatal If Seizure and Sample-Drawing Follow S.52A of NDPS Act(16.09.2025)
Supreme Court ruled that under the NDPS Act, the prosecution is not defeated if the seized contraband is not produced in court, provided the seizure a.....
Tags : Seizure, Narcotic Drugs and Psychotropic Substances Act, Contraband
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NGT Bans Disposable Plastics in Delhi-NCR From January 01, 2017(05.12.2016)
National Green Tribunal (NGT) has banned use of disposable plastic, which is mainly used in grocery and plastic tea cups like items in Delhi and Natio.....
Tags : National Green Tribunal, disposable plastic, Ban
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RBI 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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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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Delhi Court Denies Bail to Avantha Group Promoter Gautam Thapar in Yes Bank Loan Fraud Case(01.11.2021)
Delhi Court has rejected the bail application filed by Avantha Group Promoter Gautam Thapar in connection with the Yes Bank loan fraud case.
Tags : Delhi Court, Yes Bank Loan Fraud Case
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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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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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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 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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Supreme Court Hints at Directing CBI Probe into Builder-Banks Nexus(06.03.2025)
Supreme Court has hinted at directing a CBI probe into a builder-banks nexus and expressed that some real estate companies and banks which sanction lo.....
Tags : Supreme Court, CBI Probe, Builder-Banks Nexus
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Insolvency and Bankruptcy Code Kicks In With Effect From Today(01.12.2016)
Insolvency and Bankruptcy Code which aims to help quicker resolution of cases and unlock value of assets has become operational from today.
Tags : Insolvency and Bankruptcy Code
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Madras HC Directs Indian Bank to Return to Channai Port Trust Amount Following Fraudulent Transaction(25.08.2021)
Madras High Court has directed Indian Bank, Koyambedu branch, to return to Chennai Port Trust (CPT) Rs. 55.19 crore out of Rs. 100.57 crore that had g.....
Tags : Madras High Court, Indian Bank
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Kerala High Court Stays Plastic Ban in Sabarimala(30.11.2020)
Kerala High Court while rejecting the plea of the Special Commissioner seeking to lift the ban observed that in fighting the pandemic, while permittin.....
Tags : Kerala High Court, Plastic Ban
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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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Supreme Court Says BHU ‘Curfew Timings’ Are for Safety of Girl Students(05.01.2018)
Supreme Court has refused to examine the validity of Banaras Hindu University (BHU) rules that fixed a deadline for girl students on staying outside t.....
Tags : Supreme Court, Banaras Hindu University
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RBI Relaxes ECB Norms for Accessing Foreign Loans(01.12.2015)
Reserve Bank of India (RBI) has unveiled a revised External Commercial Borrowing (ECB) policy, entailing, among other things, a more liberal approach.....
Tags : Reserve Bank of India, External Commercial Borrowing
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P&H HC Denies Quashing Chandigarh Administration's Order Putting Ban on Sale or Use of Crackers(17.11.2020)
Punjab & Haryana High Court on has denied granting any relief to Chandigarh Cracker Dealers Association, which had challenged the Union Territory, Cha.....
Tags : Punjab and Haryana High Court, Ban on Sale or Use of Crackers
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RBI Rejects EC Request to Enhance Withdrawal Limits For Poll Candidates(30.01.2017)
Reserve Bank of India (RBI) has rejected request of Election Commission (EC) to enhance weekly cash-withdrawal limit, imposed after demonetisation, fo.....
Tags : Reserve Bank of India, Election Commission
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Karnataka HC Orders ?15 Lakh Compensation to Student Denied MBBS Admission Despite Paying Fee(27.08.2025)
Karnataka HC has directed Sri Siddhartha Medical College to pay ?15 lakh to a student who was wrongfully denied MBBS admission in 2017-2018 despite ti.....
Tags : Karnataka HC, MBBS Admission, Sri Siddhartha Medical College, Bank Guarantee
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SC: 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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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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RBI Issues 17 Master Directions Related to FEMA(05.01.2016)
Reserve Bank of India (RBI) has issued 17 Master Directions covering foreign exchange transactions on various regulatory issues in order to simplify .....
Tags : Reserve Bank of India, Master Directions
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Delhi HC 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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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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U.S. Supreme Court Wipes Out Travel Ban Appeal(25.10.2017)
U.S. Supreme Court has dismissed the last remaining appeal in a pair of cases challenging President Trump’s executive order, issued in March, that sou.....
Tags : U.S. Supreme Court , Travel Ban
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Delhi HC Directs RBI to Reconsider Jindal Steel and Power Ltd Application(07.12.2020)
Delhi High Court has remanded to the Reserve Bank of India, an application by Jindal Steel and Power Ltd (JSPL) to transmit $300 million to its wholly.....
Tags : Delhi High Court, Reserve Bank of India, Jindal Steel and Power Ltd
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RBI Tightens 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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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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Bombay HC Refuses to Stay RBI Deadline to Kotak Mahindra Bank to Dilute Promoter Stake(18.12.2018)
Bombay High Court has refused to stay the Reserve Bank of India’s deadline of December 31 for dilution of promoter stake in Kotak Mahindra Bank.
Tags : Bombay High Court, Kotak Mahindra Bank
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Bilkis Bano Case:Apex Court Directs Gujarat Govt to Pay Compensation and Provide Job Within Two Weeks(30.09.2019)
Apex Court has directed Gujarat Government to pay compensation and provide job to Bilkis Bano within two weeks. The Court had awarded a compensation o.....
Tags : Apex Court, Bilkis Bano Case
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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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NCLAT: Single WhatsApp Message Sent Long Ago Can't Become Foundation to Reject Petition U/S 9 of IBC(07.07.2025)
National Company Law Appellate Tribunal has held that a single WhatsApp message sent long ago, without any reference to any specific invoice or the am.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
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Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel(24.11.2016)
In view of the withdrawal of legal tender character of the Specified Banknotes (SBN) demand for cash is expected from Government officials and pension.....
Tags : Demand, Bank notes, Government officials
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Del. HC: Department Can't Hold Compliance once Court Orders Release of Bank Guarantee by Trader(24.01.2025)
Delhi High Court has observed that once the Court has ordered release of the bank guarantee furnished by a trader, Customs Department cannot hold back.....
Tags : Delhi High Court, Bank Guarantee, Customs Department
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RBI Raises Withdrawal Limit to Rs. 40,000 for PMC Bank Account Holders(15.10.2019)
Reserve Bank of India has raised withdrawal limit for account holders of the stressed Punjab and Maharashtra Co-Operative Bank to Rs. 40,000 from ear.....
Tags : RBI, PMC Bank
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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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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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ITAT, Mumbai: Data Processing Cost Paid by KBC Bank Branch to Head Office Isn’t Royalty(04.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has upheld the order passed by CIT(A) holding that the Data Processing Cost paid by the KBC Bank Branch t.....
Tags : Income Tax Appellate Tribunal, KBC Bank Branch
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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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Pay IT dues in advance at RBI or authorised bank branches(15.02.2016)
The Reserve Bank of India has authorized twenty nine agency banks to accept payments of income tax. The move hopes to reduce the heavy rush for remitt.....
Tags : Income tax, payment, agency banks, march
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SC Bars Action Against 10-Yr Diesel & 15-Yr Petrol Vehicle Owners in Delhi NCR(13.08.2025)
The Supreme Court has directed no coercive action against owners of 10-year-old diesel and 15-year-old petrol vehicles in Delhi NCR. The order came in.....
Tags : Supreme Court, Vehicle Ban, Diesel Vehicles, Petrol Vehicles, Delhi NCR, Environmental Law
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NGT Imposes Ban on Use and Sale of Fire Crackers During COVID19 Pandemic(03.12.2020)
National Green Tribunal has imposed a total ban on sale and use of all kinds of fire crackers during COVID-19 pandemic in the National Capital Region .....
Tags : National Green Tribunal, Ban on Use and Sale of Fire Crackers
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NGT Questions AAP Government’s Move to Lift Ban on Construction in Delhi(17.11.2016)
National Green Tribunal (NGT) has questioned Delhi Government’s decision to lift ban on construction imposed by it earlier this month in a bid to cont.....
Tags : National Green Tribunal, Delhi Government, Ban , Construction
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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 Notifies Levy of Penal Interest on Banks for Delayed Reporting of Transactions(12.02.2018)
Reserve Bank of India has issued a notification regarding levy of penal interest on the Banks for delayed reporting of transactions.
Tags : Reserve Bank of India
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RBI Issues Revised Guidelines For Commercial Papers(03.02.2017)
Reserve Bank of India (RBI) has issued revised guidelines for commercial papers, including mandating that the issuer must disclose end-use of such fun.....
Tags : Reserve Bank of India, commercial papers
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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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Supreme Court Seeks Centre’s, CBI’s Response over B. K. Bansal Suicide Case(22.11.2016)
Supreme Court has sought response from Government and Central Bureau of Investigation (CBI) on a plea to constitute a Special Investigation Team (SIT).....
Tags : Supreme Court, B.K. Bansal, suicide, CBI
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Central Government approves recapitalisation of Export-Import Bank of India(16.01.2019)
The Union Cabinet, chaired by the Prime Minister has approved the recapitalization of EXIM Bank. Recapitalization Bonds by Government of India to the.....
Tags : Recapitalisation, Exim bank, Approval
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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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SC: Consumer Complaint Against Bank Maintainable Over Dispute on Encashment of FD(23.08.2022)
Supreme Court has held that consumer complaint in a dispute regarding premature encashment of Joint Fixed Deposit by bank in contravention of terms an.....
Tags : Supreme Court, Consumer Complaint, Bank
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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
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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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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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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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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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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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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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Court of Arbitration for Sport Cuts Down Four-Year Ban on Russia from World Athletic Events(18.12.2020)
Court of Arbitration for Sport has cut the four-year ban on Russia competing in international athletic competition because of its state-sponsored dopi.....
Tags : Court of Arbitration for Sports, Ban on Russia from World Athletic Events
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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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Reserve Bank of India Raises Investment Cap for FPIs in Corporate and Government Debt Instruments(24.01.2020)
Reserve Bank of India has raised the investment limit for foreign portfolio investors in Government and Corporate Bonds, in a bid to bring in more for.....
Tags : Reserve Bank of India, Investment Cap for Foreign Portfolio Investors
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India Signs Loan Agreement with the World Bank for USD 25.2 Million for Chhattisgarh Public Financial Management and Accountability Program(05.03.2019)
The Government of India, the State Government of Chhattisgarh and the World Bank signed here in New Delhi today a $25.2 Million Loan Agreement to supp.....
Tags : Loan Agreement, World bank, Signing of
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Madras HC Allows ICICI Bank to Recover Rs. 222 Crore Dues from Subhiksha Trading Services(07.02.2019)
Madras High Court, in a reprieve to ICICI Bank, has ruled that it finds no ground to interfere in order of Chennai Debts Recovery Appellate Tribunal .....
Tags : Madras High Court, Subhiksha Trading Services, ICICI Bank
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UK Supreme Court: Smoking Ban Cannot be Enforced in Jails(20.12.2017)
UK Supreme Court has ruled that smoking ban cannot be enforced in publicly run jails in England and Wales along with other government sites such as jo.....
Tags : UK Supreme Court, Smoking Ban
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Supreme Court: Is Size of Turban Part of Sikh Religion?(06.08.2018)
Supreme Court has sought to know if the topknot/ half or bun turban (patka) can be worn by Sikh athletes with helmets during participation in sporting.....
Tags : Supreme Court, Turban, Sikh
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RBI Revises Norms For Action Against Weak Banks(14.04.2017)
Reserve Bank of India (RBI) has tightened rules that trigger regulatory action on lenders when they fall short of capital or exceed bad loan limits.
Tags : Reserve Bank of India, Weak Banks
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CESTAT, New Delhi: Banking Services are Related to Collection of Export Proceeds(05.03.2020)
Customs Excise and Service Tax Appellate Tribunal, New Delhi has held that banking services are related to the collection of export proceeds and has a.....
Tags : Customs Excise and Service Tax Appellate Tribunal, Banking Services
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ITAT Bangalore Deletes Addition Against Flipkart India(20.06.2019)
Income Tax Appellate Tribunal (ITAT Bangalore) has granted relief to the e-com giants Flipkart India by deleting the additions made by the Income Tax .....
Tags : ITAT Bangalore, Flipkart India
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Kerala HC Stays Demand Notice Asking State Co-Operative Bank to Pay Outstanding Amount(22.02.2022)
Kerala High Court has stayed the demand notice issued by the Deputy Commissioner of Income Tax asking the State Co-operative Bank to pay the outstandi.....
Tags : Kerala High Court, State Co-Operative Bank
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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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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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Annual Conference of Banking Ombudsmen 2017 - July 25, 2017(31.07.2017)
The Annual Conference of Banking Ombudsmen was held at Mumbai on July 25, 2017. Shri S S Mundra, Deputy Governor, Reserve Bank of India (RBI) inaugura.....
Tags : Conference, Banking, Ombudsmen
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Bombay HC Directs Wife to Pay Maintenance to Husband under Sec 25 of Hindu Marriage Act, 1955(01.04.2022)
Bombay High Court upheld two orders of the civil court directing a wife working as a teacher, to pay Rs 3,000 maintenance to her husband by directing .....
Tags : Bombay High Court, maintenance, Maintenance To Husband
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RBI Clears Way for Mergers and Acquisitions in Banking Industry(20.11.2015)
Reserve Bank of India (RBI) has said that it permit promoters/investors to own more than 10% if applicant meets certain conditions including if `it is.....
Tags : Reserve Bank of India, Mergers and Acquisitions in Banking Industry
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Revised Guidelines for the Financial Inclusion Fund(15.10.2015)
In light of the merging of the Financial Inclusion Fund and the Financial Inclusion Technology Fund to form the FIF as it exists today, the Reserve Ba.....
Tags : Bank, financial inclusion guidelines, fund
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RBI: Rs. 2000 Notes Withdrawn from Circulation; Will Continue as Legal Tender(22.05.2023)
Reserve Bank of India in pursuance of its Clean Note Policy has announced the withdrawal of Rs. 2000 banknotes from circulation. The notes to be conti.....
Tags : Reserve Bank of India, Clean Note Policy, Rs. 2000, Legal Tender
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Kerala High Court: Don’t Misconstrue Court Order On Highway Liquor Ban(18.08.2017)
Kerala High Court has held that with regard to prohibition of liquor outlets near national highways, relevant distance is to be measured from outer ed.....
Tags : Kerala High Court, Highway Liquor Ban
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NCLAT: Insolvency Cannot be Initiated on Basis of Unpaid LTC And Leave Encashment Dues(16.05.2022)
National Company Law Appellate Tribunal, has ruled that the welfare claims such as Leave Encashment, superannuation dues are not operational debt for .....
Tags : National Company Law Appellate Tribunal, Leave Encashment, Corporate Debtor, Section 9, Insolvency & Bankruptcy Code, 2016, superannuation dues
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Delhi HC Directs to Depute Lady Constable to Escort Wife Detained by Parents to Husband(03.08.2021)
Delhi High Court has directed the Uttar Pradesh Police to depute a lady constable, in a habeas corpus petition filed on behalf of a husband alleging t.....
Tags : Delhi High Court, Escort Wife to Husband
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Delhi HC Seeks Centre’s Reply over Immediate Ban on 19 Pesticides(17.10.2016)
Delhi HC has asked the Centre to file its opinion over a plea seeking an immediate ban on 19 pesticides as recommended by an expert panel on ground th.....
Tags : Delhi HC, ban, pesticides. carcinogenic
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Reserve Bank of India imposes monetary penalty on Standard Chartered Bank - India(21.01.2021)
The Reserve Bank of India (RBI) has, by an order dated January 21, 2021, imposed a monetary penalty of Rs. 2 Crore (Rupees Two Crore only) on Standard.....
Tags : Penalty, Imposition, Bank
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NGT Seeks Complete Ban on Plastic Bags in Punjab and Haryana(18.01.2016)
National Green Tribunal (NGT) has prohibited use of plastic carry bags in various areas of Punjab and Haryana and sought responses on imposition of a .....
Tags : National Green Tribunal, Punjab and Haryana, Ban on Plastic Bags
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Reserve Bank of India imposes monetary penalty on DCB Bank Limited(28.10.2020)
The Reserve Bank of India (RBI) has, by an order dated October 28, 2020, imposed a monetary penalty of Rs. 22 lakh (Rupees Twenty Two lakh only) on DC.....
Tags : Penalty, Imposition, DCB Bank Limited
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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 Says No Deadline for Resolving Complaints under Banking Ombudsman Scheme(23.12.2015)
Reserve Bank of India (RBI) has said that there is no time limit for resolution of complaints under Banking Ombudsman scheme, aimed at seeking redress.....
Tags : Reserve Bank of India, Ombudsman scheme
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Permitting non-scheduled payments banks to register as bankers to an issue(03.08.2021)
1. SEBI vide notification dated July 30, 2021, amended the SEBI (Bankers to an Issue) Regulations, 1994 (BTI Regulations) thereby permitting such othe.....
Tags : Non-scheduled payments banks, Registration, Permission
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US Supreme Court Allows Full Enforcement of Trump Travel Ban(05.12.2017)
US Supreme Court has allowed President Donald Trump's travel ban to take full effect pending appeal, for people coming from six Muslim-majority countr.....
Tags : US Supreme Court, Travel Ban
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Law to check scams in Banks(18.12.2018)
The Government has initiated formulation of laws to secure prudential banking and help effect a culture of credit discipline, including, inter alia, i.....
Tags : Scams, Banks, Law
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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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Calcutta HC Dismisses Challenge to ECI Decision to Prioritize Bye-Elections of Bhabanipur Assembly(28.09.2021)
Calcutta High Court has dismissed a challenge made to the decision of the Election Commission of India (ECI) to prioritize the bye-elections of Bhaban.....
Tags : Calcutta High Court , Bhabanipur Assembly Constituency
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RBI: No Restrictions on ATM Withdrawals From Feb 01(31.01.2017)
Reserve Bank of India (RBI) has said that limits on ATM withdrawals will further be eased from February 1 and curbs on branch withdrawals from current.....
Tags : Reserve Bank of India, ATM Withdrawals
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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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