22 April 2024

Search Results for Tag : Moratorium

International Cases

Congress must specifically authorize CDC to continue with eviction moratorium imposed as relief program for alleviating the burdens caused by the COVID–19 pandemic(26.08.2021)

In March 2020, Congress passed the Coronavirus Aid, Re¬lief, and Economic Security Act to alleviate burdens caused by the COVID–19 pandemic. Among oth.....

Tags : Eviction, Extension of moratorium, COVID-19

Judgments

Application against the personal guarantor has to be filed before the Adjudicating Authority under whose jurisdiction, registered office of the Corporate Debtor is situated(19.04.2023)

Present Appeal has been filed by the Appellant challenging order passed by National Company Law Tribunal, by which on an Application under Section 95 .....

Tags : Commencement, Moratorium, Jurisdiction

Application against the personal guarantor has to be filed before the Adjudicating Authority under whose jurisdiction, registered office of the Corporate Debtor is situated(19.04.2023)

Present Appeal has been filed by the Appellant challenging order passed by National Company Law Tribunal, by which on an Application under Section 95 .....

Tags : Commencement, Moratorium, Jurisdiction

News

SC: Moratorium u/s 14 IBC Covers Section 138 NI Act Proceedings Against Corporate Debtor(01.03.2021)

Supreme Court has held that the declaration of moratorium under Section 14 of the Insolvency and Bankruptcy Code (IBC), 2016 covers criminal proceedin.....

Tags : Supreme Court, Moratorium u/s 14 IBC

Delhi HC: Parties Can’t be Referred to Arbitration When Moratorium Issued by NCLAT(23.12.2022)

Delhi High Court has held that moratorium granted by NCLAT after resolution process is initiated against it is akin to an order of moratorium passed u.....

Tags : Delhi High Court, Moratorium, NCLAT, Arbitration, IBC

SC Dismisses PCI Appeals Challenging HC Judgments Which Set Aside 5-Year Ban on New Pharmacy Colleges(15.09.2022)

Supreme Court has dismissed a batch of appeals filed by the Pharmacy Council of India (PCI) against the judgments of certain High Courts which set asi.....

Tags : Supreme Court, Pharmacy Council of India, Moratorium

SC: No Justification for Charge of Compound Interest During Loan Moratorium Period(24.03.2021)

Supreme Court has observed that there is no justification for charging compound interest or penal interest during the period of loan moratorium which .....

Tags : Supreme Court, Loan Moratorium Period

RBI: 90-Day NPA Norm Shall Exclude Moratorium Period for Standard Accounts as on March 1(17.04.2020)

Reserve Bank of India has announced that the moratorium permitted by it on 27th March, 2020 due to COVID-19 situation can be excluded from the 90-day .....

Tags : Reserve Bank of India, Moratorium Period for Standard Accounts

SC: Proceedings u/s 34 Arbitration Act Also Covered by Moratorium Under Section 14 IBC(03.03.2021)

Supreme Court has observed that an application under Section 34 of the Arbitration and Conciliation Act, 1996 to set aside an award is covered by mora.....

Tags : Supreme Court, Moratorium Under Section 14 IBC

SC Issues Notice in Plea Seeking Extension of Benefits of RBI Circular on Loan Moratorium to NBFCs(15.05.2020)

Supreme Court has issued notice to the Centre and Reserve Bank of India in a plea by The Confederation of Real Estate Developers' Associations of Indi.....

Tags : Supreme Court, Loan Moratorium

SC Tells RBI to Implement Moratorium in Letter and Spirit(01.05.2020)

Supreme Court has directed the Reserve Bank of India to ensure that its circular on the three-month moratorium on loan repayment between 1st March, 20.....

Tags : Supreme Court, Moratorium

Notifications & Circulars

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

Chhattisgarh HC Grants Interim Relief on 5-Yr Moratorium on Opening of New Pharmacy Colleges(20.12.2021)

Chhattisgarh High Court has granted interim relief to a batch of colleges who had approached it challenging the 5 year moratorium/ ban imposed by Gove.....

Tags : Chhattisgarh High Court, Moratorium on Opening of New Pharmacy Colleges

Bombay HC: RBI Circulars on Loan Moratorium Not Applicable to Mutual Funds(17.07.2020)

Bombay High Court has held that the Reserve Bank Of India's circulars granting moratorium on payment of instalment of term loans for three months and .....

Tags : Bombay High Court, RBI Circulars on Loan Moratorium

Karnataka HC Issues Notice on Plea Seeking to Extend Education Loan Moratorium Scheme Benefit(18.08.2020)

Karnataka High Court has issued notice to the State/Central Government and Reserve Bank of India on a Public Interest Litigation seeking extension of .....

Tags : Karnataka High Court, Education Loan Moratorium Scheme Benefit

SC Pulls Up Centre for Not Clarifying Stand on Interest During Moratorium(27.08.2020)

Supreme Court has rebuked the Central Government for not clarifying its stand on the issue of interests payable on EMI loans during the COVID-19 induc.....

Tags : Supreme Court, Interest During Moratorium

Any transaction done with respect to the assets of the Corporate Debtor/Corporate Applicant after imposition of moratorium is invalid(26.03.2021)

The present Appeal is filed against the Order passed by the National Company Law Tribunal, Hyderabad (Adjudicating Authority), whereby the Adjudicatin.....

Tags : Imposition, Moratorium, Transaction

Supreme Court Issues Notice to Centre and RBI on Interest on Loans During Moratorium(26.05.2020)

Supreme Court has issued notice to the Centre and Reserve Bank of India (RBI) in a plea regarding the levy of interest on loan amounts during the stip.....

Tags : Supreme Court, Interest on Loans During Moratorium

RBI Permits Lending Institutions to Allow 3-Month Moratorium on Term Loans(27.03.2020)

Reserve Bank of India has announced that all commercial banks and non-banking financial companies are permitted to allow 3-month moratorium on the pay.....

Tags : Reserve Bank of India, 3-Month Moratorium on Term Loans

NCLAT: No Bar to S. 138 Proceedings Under NI Act During Period of Moratorium Under IBC(07.08.2018)

National Company Law Appellate Tribunal, New Delhi has held that the court of competent jurisdiction may proceed with criminal proceeding under Sectio.....

Tags : NCLAT, Moratorium

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