Consultation Paper on Peer to Peer Lendin.....Tags : peer to peer, lending, rbi, crowd-funding
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Supreme Court Supports RBI Decision to Ban Indian Crypto Services(14.05.2018)
Supreme Court has turned down a request to issue a temporary order against restrictions put by the central bank on other banks related to digital curr.....
Tags : Supreme Court, RBI
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RBI Hikes Repo Rate by 25 bps(06.06.2018)
Reserve Bank of India has hiked the repo rate by 25 bps (basis points) or 0.25 per cent to 6.25 per cent. The central bank has also increased the reve.....
Tags : RBI
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Delhi HC: Recourse to S. 34(4) of A&C Act Cannot be taken to allow Tribunals to Review Awards(24.08.2023)
Delhi HC has held that the recourse to Section 34(4) of Arbitration and Conciliation Act, 1996 (A&C Act), that grants authority to courts to remit arb.....
Tags : Delhi High Court, Arbitration, Review
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RBI Issues Guidelines on 'On Tap' Authorisation on Payment Systems(16.10.2019)
Reserve Bank of India has issued guidelines on 'on tap' authorisation of payment systems, including minimum networth criteria for different players, w.....
Tags : RBI, Payment Systems
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If Agreement Has Exclusive Jurisdiction Clause, Courts Cannot Be Approached: Delhi HC(11.12.2017)
Delhi High Court has dismissed an Application filed under Section 11 of the Arbitration and Conciliation Act, 1996, noting that the agreement specifie.....
Tags : Delhi High Court, Arbitration
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RBI rationalises FEMA Regulations(04.02.2016)
The Reserve Bank of India revised nine regulations issued under the Foreign Exchange Management Act, 1999. For easy identification, revised regulation.....
Tags : Rbi, fema, regulations, revised
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Bom HC: Arb. Clause Can’t be Invoked By Individuals/Minorities Of Housing Society In Dev. Agreement(09.02.2024)
Bombay High Court has held that individual/minority members of society cannot invoke arbitration clauses in development agreements against developer b.....
Tags : Bombay High Court, Housing Society, Development Agreement, Arbitration Clauses
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RBI’s first monetary policy statement in 2016(05.04.2016)
The Reserve Bank of India reduced its rate under the liquidity adjustment facility to 6.5 per cent and the cash reserve ratio to 90 per cent – a massi.....
Tags : Rbi, interest rates, liquidity
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RBI, Centre Inch Closer to Resolving Differences Ahead of Board Meeting: Sources(15.11.2018)
While the rift is far from healed, the sources said enough progress had been made to avoid acrimony at a board meeting of the RBI next Monday. The thr.....
Tags : RBI
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Jaitley Plays Down Rift With RBI, Says Highlighting Distresses of Economy Not Breach of Autonomy(18.01.2019)
As an autonomous institution, Jaitley respects the RBI for its autonomy. But, he maintains that during the consultation process one is entitled to fre.....
Tags : RBI
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Modi Govt Declines RTI Query Asking for Details of Shaktikanta Das’ Appointment as RBI Governor(27.03.2019)
Shaktikanta Das was in December named as the Reserve Bank of India Governor by the Appointments Committee of the Cabinet headed by PM Narendra Modi. .....
Tags : RBI
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RBI Gives Major Relief to MSME Sector(07.06.2018)
In a major relief to MSMEs, the Reserve Bank has eased NPA classification norms for such units facing input credit linkages and associated issues unde.....
Tags : RBI, MSME
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Delhi HC: Exorbitant Price of Drug Not to Deprive Children Suffering from Rare Disease(18.01.2021)
Delhi High Court has held that merely because of the exorbitant price of a drug or treatment, children suffering from a rare disease cannot be deprive.....
Tags : Delhi High Court, Exorbitant Price of Drug
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Del. HC: Objections U/S 47 CPC Can’t Be Considered In Enforcement Petition U/S 36 A&C Act(27.01.2023)
Delhi High Court has ruled that objections available under Section 47 of Code of Civil Procedure, 1908 cannot be considered by a Court at the time of .....
Tags : Delhi High Court, arbitration
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Revised Guidelines on Bad Loans will Sustain Improvement in Credit Culture, Says RBI Guv(08.06.2019)
Speaking at the NIBM, at the 15th Annual Convocation of Post Graduate Diploma in Management, here, RBI Governor Shaktikanta Das said the new guideline.....
Tags : RBI
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Supreme Court: Court Can't Relegate Parties Before Arbitral Tribunal After Setting Aside Award(24.04.2017)
Supreme Court has held that Section 34 (4) of Arbitration and Conciliation Act 1996, does not empower Court to relegate parties before Arbitral Tribun.....
Tags : Supreme Court, Arbitral Tribunal
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Arbitration: R-Infra Wins Rs. 2950 Cr Arbitration Award Against DMRC Over Airport Metro(12.05.2017)
Reliance Infrastructure (R-Infra) has won a Rs 2,950 crore arbitration award against Delhi Metro Rail Corporation (DMRC) for alleged breach by the lat.....
Tags : Airport Metro, DMRC, Arbitration
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RBI Relaxes Norms on Loans to CEOs, Directors of Banks(17.09.2015)
RBI has said that loans granted to CEO and Whole Time Director of banks for purchasing car, personal computer, furniture, constructing/acquiring house.....
Tags : RBI, Loans to CEOs, Directors of Banks
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COMPANY - Arbitration Tribunal Dismisses Punj Lloyd’s Claim Against ONGC(15.03.2019)
An arbitration tribunal has rejected a Rs. 1,320 crores claim filed by engineering, procurement and construction (EPC) contractor Punj Lloyd against O.....
Tags : Arbitration Tribunal, Punj Lloyd, ONGC
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Delhi HC: Issue as to Which Party Would Bear GST Expenses Under Agreement is Arbitrable(08.12.2022)
Delhi High Court has held that an issue that relates to the inter se liability of the parties regarding the burden of GST is not related to the taxing.....
Tags : Delhi High Court, GST Expenses, Arbitrable
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RBI: Repo Rate Remains Unchanged at 7.25%;CRR Unchanged(04.08.2015)
Reserve Bank of India has kept interest rates unchanged. However it has raised hopes of a reduction before the end of the year if the monsoon maintain.....
Tags : RBI, Repo rate
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RBI Committee suggests Way Forward for UCBs(20.08.2015)
The Reserve Bank of India released the 'Report of the High Powered Committee on Urban Co-operative Banks'. Recommendations in the Report focus on busi.....
Tags : Rbi, urban co-operative, bank, report
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RBI Issues New Guidelines Over Private Bank CEO Remuneration(05.11.2019)
Reserve Bank of India has told private banks to raise the variable portion of remuneration to at least half of the total for their chief executives a.....
Tags : RBI, Private Bank CEO
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President Promulgates Constitution of Commercial Courts , Arbitration and Conciliation Ordinanences(26.10.2015)
President has signed ordinances to amend Arbitration and Conciliation Act and bring into force Commercial Courts, Commercial Division and Commercial A.....
Tags : Arbitration and Conciliation Act, Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015
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There must be a voluntary and intentional relinquishment of a right and voluntary choice is essence of waiver(27.08.2019)
The instant appeal is directed against the final judgment passed by the High Court whereby the High Court while dismissing the Arbitration Petition he.....
Tags : Award, Arbitral proceedings, Termination
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Kerala HC: Neither Party Nor Person Nominated by It Can be Arbitrator(20.08.2021)
Kerala High Court has held that neither a party to an Arbitration Agreement nor a person nominated by it can be nominated an arbitrator, even if the a.....
Tags : Kerala High Court, Arbitrator
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
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SC: Modifying an Award u/s 34 and 37 Impermissible under the Arbitration and Conciliation Act, 1996(08.01.2024)
Supreme Court has held that interference with an order u/s 37 Arbitration and Conciliation Act, 1996 can’t travel beyond restrictions laid down u/s 34.....
Tags : Supreme Court, Arbitration and Conciliation, Independent Assessment
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RBI Sets 24-hr Deadline to Bring Back Payment Data Processed Abroad(27.06.2019)
Reserve Bank of India (RBI) has observed that all payments-related data has to be stored within India and in cases where data gets processed abroad, i.....
Tags : RBI, Payment Data
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SC: No Unusual Treatment to be Given to Govt While Considering Application for Stay of Arbitral Award(15.07.2019)
Supreme Court (SC) had held that there is no unusual treatment to be given to the Government while considering the application for stay under Section .....
Tags : SC, Arbitral Award
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RBI seeks feedback on Draft Framework on External Commercial Borrowings(23.09.2015)
The Reserve Bank of India introduced the draft framework on External Commercial Borrowings for comments and feedback. The same may be sent by e-mail o.....
Tags : Rbi, external, commercial, borrowings
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RBI Grants PMC Bank Customers to Withdraw upto Rs 10,000(27.09.2019)
Reserve Bank of India (RBI) has eased the restrictions on depositors of Punjab & Maharashtra Cooperative Bank (PMC Bank), two days after it put a Rs 1.....
Tags : RBI, PMC
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Person Ineligible to be Arbitrator U/S. 12(5) of Arbitration Act can’t Appoint Another Arbitrator: SC(17.04.2019)
Supreme Court has held that the appointment of arbitrator by a person who himself is ineligible to be an arbitrator as per Section 12(5) of Arbitratio.....
Tags : Supreme Court, Ineligible to be Arbitrator, Arbitration Act
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RBI launches FCTRS module on e-Biz Platform to facilitate FDI Reporting(24.08.2015)
The Reserve Bank of India launched a module for reporting Foreign Currency Transfer of Shares on the eBiz portal. Online reporting facility on the eBi.....
Tags : Rbi, ebiz, fctrs
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Others
Withdrawl of Soiled/Mutilated Notes from Circulation(07.08.2015)
The Reserve Bank of India informed that the object of 'Clean Note Policy' is withdrawal of soiled and mutilated notes from circulation and putting ade.....
Tags : rbi, clean note, currency
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RBI Issues Cross-Currency Futures Norms(11.12.2015)
Reserve Bank of India (RBI) has issued guidelines for introduction of cross currency futures and exchange traded cross-currency option contracts in th.....
Tags : RBI , Cross-Currency Futures Norms
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SC Issue Notices to RBI and HDFC Bank on Regulator’s Power to Enforce Merger Scheme(01.09.2015)
Supreme Court has issued notice to RBI, HDFC Bank and others on plea seeking clarity on RBI’s powers to enforce merger scheme of banks, which was app.....
Tags : Supreme Court , RBI
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Madhya Pradesh HC: Court Has Jurisdiction U/S 11 A&C Act to Appoint New Arbitrator(04.05.2022)
Madhya Pradesh High Court has held that once the appointment of arbitrator is void ab initio and the arbitrator is barred by virtue of Section 12 (5) .....
Tags : Madhya Pradesh High Court, Arbitration and Conciliation Act, 1996, Section 12 (5), void ab initio
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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
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Supreme Court: Courts Cannot Review Technical Bids to Bag Contracts for Public Work(31.03.2018)
Supreme Court has barred Courts from evaluating technical bids submitted by companies to bag contracts for public works.
Tags : RBI, Bonds
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SC to Centre, RBI: File Response to Plea on Panama Papers(26.07.2016)
SC has asked Centre and RBI to file their response in four weeks to a plea seeking CBI probe against Indian offshore bank account holders named in the.....
Tags : SC, Centre, RBI, Panama papers
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RBI Permits Banks to Use E-Payments for Imports(25.09.2015)
RBI, in order to facilitate e-commerce, has permitted banks to enter into pacts with Online Payment Gateway Service Providers (OPGSPs), for import pay.....
Tags : RBI, E-Payments for Imports
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PM Modi Never Said Demonetisation Was About Black Money, Claims Union Minister(31.08.2018)
Shukla’s bizarre statement comes just a day after RBI data showed that 99.3% of demonetised notes were returned to banks, sparking a political war-o.....
Tags : RBI
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House Panel May Question RBI Governor Urjit Patel on Stand-off With Govt: Sources(16.11.2018)
Tensions between the central bank and the government have escalated recently, with the Finance Ministry initiating discussions under the never-used-be.....
Tags : RBI
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ARBITRATION - Pre-Deposit Clauses to Invoke Arbitration Makes Arbitral Process Ineffective: SC(12.03.2019)
Supreme Court has observed that pre-deposit clauses to invoke arbitration would render the arbitral process ineffective and expensive, and also struck.....
Tags : Supreme Court, Arbitration, Pre-Deposit Clauses
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Delhi HC: High Court Cannot Review Order Passed Under Section 11 of A&C Act(08.12.2022)
Delhi High Court has held that the High Court cannot review an order passed under Section 11 of the Arbitration and Conciliation Act, 1996 as the Act .....
Tags : Delhi High Court, Section 11, Arbitration
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RBI grants "in-principle" approval to 11 Applicants for Payments Banks(19.08.2015)
The Reserve Bank of India granted "in-principle" approval to 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Ban.....
Tags : Rbi, payments banks, approved, guidelines
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Bombay High Court to RBI: What Steps have Been Taken to Help PMC Bank Depositors(05.11.2019)
Bombay High Court has sought to know from the Reserve Bank of India what steps it has taken to protect the interests of depositors of the crisis-hit P.....
Tags : Bombay High Court, RBI
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All. HC: MSMED Act Overrides Arbitration and Conciliation Act 1996(13.12.2023)
Allahabad High Court while observing that private agreement can’t obliterate statutory provisions, has held that once statutory mechanism under Sectio.....
Tags : Allahabad High Court, MSMED Act, Arbitration
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Challenge to Arbitrator Appointed should be Raised Before Arbitrator Himself First: SC(05.12.2018)
Supreme Court has reiterated that any challenge to arbitrator appointed should be raised before arbitrator himself under Section 13 of the Arbitration.....
Tags : Supreme Court, Arbitrator, Appointment of Arbitrator
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Delhi HC to DMRC: Will Summon MD is Balance Arbitral Award Not Paid to DAMEPL Within 4 Weeks(08.09.2022)
Delhi High Court has directed Delhi Metro Rail Corporation (DMRC) to make balance payment in terms of a 2017 arbitral award to Delhi Airport Metro Exp.....
Tags : Delhi High Court, Arbitral Award, DMRC
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RBI Allows Firms having Forex Exposure to Book Forex Forward and Foreign Currency(09.10.2015)
RBI has allowed all resident individuals, firms and companies, who have actual or anticipated foreign exchange exposures, to book foreign exchange for.....
Tags : RBI,Forex Forward ,Foreign Currency
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Ordinances amending arbitration law and creating commercial courts promulgated(23.10.2015)
Continuing with its policy of if you can’t metamorphosise a Bill into an Act use an Ordinance instead, the Union Cabinet approved the promulgation of .....
Tags : Commercial, arbitration, ordinance, high court
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Calcutta HC: Choosing Foreign Law Would Not Exclude Application u/s 9 Arbitration Act(05.08.2021)
Calcutta High Court has ruled that choosing foreign law to govern arbitration would not, by itself, exclude the application of Section 9 of the Arbitr.....
Tags : Calcutta High Court, Foreign Law Governing Arbitration
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Delhi HC: Order Terminating Arbitration Proceedings Not an Award(15.01.2021)
Delhi High Court has ruled that an order terminating arbitration proceedings under Section 32(2)(c) of the Arbitration & Conciliation Act, 1996 is not.....
Tags : Delhi High Court, Order Terminating Arbitration Proceedings
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From Rate Cut to New NPA Norms, Here Are 10 Key Announcements Made by RBI Today(06.06.2019)
RBI’s MPC now sees consumer price index (CPI) inflation at 3-3.1% in the first half of FY20 and at 3.4-3.7% in the second half of FY20.
Tags : RBI
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RBI Working Paper Series No. 4: Is Exchange Rate the Dominant Factor Influencing Corporate Profitability in India?(17.08.2015)
The Reserve Bank of India introduced a working paper titled 'Is Exchange Rate the dominant factor influencing Corporate Profitability in India?'. The .....
Tags : Rbi, working paper, exchange rate
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RBI Grants Flexibility to Banks for Equity Investment(17.09.2015)
RBI while relaxing norms on banks’ equity investments, has said that no Central Bank approval is required to make Banks’ Equity Investments if they ha.....
Tags : RBI , Equity Investment
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RBI Limits Consumer Liability In Cases Of Online Fraud(13.07.2017)
RBI has mandated Banks to urge their customers to mandatorily register for SMS alerts, and, wherever available, to register for e-mail alerts, for ele.....
Tags : RBI, Online Fraud
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Lok Sabha Passes New Delhi International Arbitration Centre Bill, 2019(11.07.2019)
Lok Sabha has passed the New Delhi International Arbitration Centre Bill, 2019. The Bill, which replaces an Ordinance promulgated in March this year, .....
Tags : Lok Sabha, New Delhi International Arbitration Centre Bill, 2019
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Foreign Direct Investment - Reporting under FDI Scheme on the e-Biz platform(21.08.2015)
The Reserve Bank of India enabled online filing of the 'Foreign Currency Transfer of Shares' returns for reporting transfer of shares, convertible deb.....
Tags : Rbi, fema, return, online filing, return
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Supreme Court Announces New Norms for Arbitration Proceedings(08.12.2015)
Supreme Court has announced new norms for hearing arbitration petitions in view of the Arbitration and Conciliation Amendment Ordinance, which came in.....
Tags : Supreme Court, Arbitration and Conciliation Amendment Ordinance
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Report on the working of the Reserve Bank of India for the year ended June 30, 2015(01.01.1900)
The Reserve Bank of India released its Annual Report 2014-15. The Report provides an overview on various aspects of the Indian economy. It also descri.....
Tags : rbi, annual report, 2014, 2015
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RBI: No Action under FEMA Against Black Money Declarants(25.09.2015)
In order to encourage disclosure of undeclared assets held abroad, RBI has said, "No proceedings shall lie under Foreign Exchange Management Act, 1999.....
Tags : RBI,FEMA
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Singapore Arbitration Panel: Future Retail Must Take Part in Arbitration Over Dispute with Amazon(22.10.2021)
Singapore Arbitration Panel has ruled that Future Retail must take part in arbitration over a commercial dispute with Amazon.com Inc, rejecting the In.....
Tags : Singapore Arbitration Panel, Future Retail, Amazon
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Will Take Appropriate Supervisory Action in Rs 11,000 Crore PNB Scam, Says RBI(16.02.2018)
The RBI denied media reports that it had directed Punjab National Bank to meet its commitments under the letters of undertaking (LoUs) to other banks.
Tags : RBI
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Delhi HC Grants Time to DMRC for Payment of Outstanding Amount of Arbitral Award to DAMEPL(21.06.2022)
Delhi High Court has granted time to Delhi Metro Rail Corporation (DMRC) to ensure payment of the outstanding amount to Reliance Infrastructure-promot.....
Tags : Delhi High Court, Outstanding Amount, Arbitral Award
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Delhi HC: Arbitral Award Cannot be Sustainable Merely Because of Participation of Parties(31.03.2022)
Delhi High Court has held that the participation of any party is insufficient to infuse life to arbitral proceedings if the award is void ab initio on.....
Tags : Delhi High Court, arbitral proceedings, arbitrator, arbitral award
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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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SC: Arbitrators Can’t Unilaterally Fix Their Fee as it Violates Party Autonomy(31.08.2022)
Supreme Court has held that arbitrators do not have the power to unilaterally fix their fees without the consent of the parties. The Court also held t.....
Tags : Supreme Court, Arbitrators, Fees
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Bom. HC: Commercial Court Can’t be Regarded as Person Or Institution Under Section 11(6) of A&C Act(06.09.2022)
Bombay High Court has held that the jurisdiction and power of the High Court in relation to the appointment of an arbitral tribunal under Section 11 o.....
Tags : Bombay High Court, Appointment, Arbitral Tribunal, Commercial Courts
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Reserve Bank of India Bulletin for October, 2015(15.10.2015)
The Reserve Bank of India released its Bulletin for October, 2015. The Bulletin highlights the relatively precarious state of the global economy, with.....
Tags : Rbi, bulletin, October, 2015, consumers
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SC: After Setting Aside Arbitral Award, Court Can’t Grant Relief by Modifying Such Award(10.05.2023)
Supreme Court has observed that in arbitration cases court cannot modify arbitral award after setting aside the same since it closes the door for the .....
Tags : Supreme Court, Arbitration, Arbitral Award, Modify
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Repo rate cut by 50 basis points to 6.75 per cent(29.09.2015)
The Reserve Bank of India lowered the rate at which it lends money to banks by 50 basis points, from 7.25 per cent to 6.75 per cent. However, no chang.....
Tags : Rbi, repo, rate, cut
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No permission to foreign law firms to open Liaison Office(29.10.2015)
The Reserve Bank of India has notified, in compliance with Supreme Court of India directions that foreign law firms are not allowed to open Liaison Of.....
Tags : Foreign law firm, liaison, office, rbi
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RBI Cuts Repo Rate from 5.40% to 5.15%(04.10.2019)
Reserve Bank of India (RBI) has lowered its key lending rate or the repo rate by 0.25 per cent — from 5.40 per cent to 5.15 per cent in its fourth bi-.....
Tags : RBI, Repo Rate
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RBI Cuts Provisioning Norm for Advances to Large Accounts Now Before NCLT(05.04.2018)
Reserve Bank of India has reduced the provisioning requirement for large accounts referred to the National Company Law Tribunal (NCLT) up to March 31,.....
Tags : RBI, NCLT
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Delhi HC Seeks Centre’s Response on Surcharge on Debit, Credit Card Payments(18.05.2016)
Delhi HC has sought response of Centre and RBI on a plea against "illegal" surcharge levied on transactions done through debit and credit cards across.....
Tags : Delhi HC , Centre, RBI
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Supreme Court dismisses UoI plea to hear arbitration dispute with Reliance(22.09.2015)
Noting the “valiant attempt to reopen a question settled twice over, that is by dismissal of both a review petition and a curative petition on the ver.....
Tags : Arbitration, jurisdiction
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SC: Additional Evidence in Proceedings u/s 34 Arbitration Act Can be Adduced Only in Exceptional Case(24.09.2019)
Supreme Court has observed that proceedings under Section 34 of Arbitration and Conciliation Act will not ordinarily require anything beyond the recor.....
Tags : Supreme Court, Arbitration and Conciliation Act
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All. HC: Ineligibility of Arbitrator U/S 12(5) A&C Act Can't Make Arbitration Clause Itself Invalid(08.08.2023)
Allahabad High Court has observed that merely because the person, who could act as an arbitrator in terms of arbitration clause becomes ineligible to .....
Tags : Allahabad High Court, Arbitration Clause, Invalid, Appointment
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
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SC: Jurisdiction of High Court Hearing An Arbitration Appeal Is Distinct from First Appellate Court(16.11.2021)
Supreme Court has observed that the jurisdiction in a first appeal arising out of a decree in a civil suit is distinct from the jurisdiction of the Hi.....
Tags : Supreme Court, Jurisdiction of High Court Hearing An Arbitration Appeal
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Karnataka HC Observes that High Courts Require Commercial Division for International Arbitration(02.06.2022)
Karnataka High Court has held that for High Courts which do not exercise Original Civil Jurisdiction, Commercial Division comprising of a Single Judge.....
Tags : Karnataka High Court, International Arbitration, Commercial Division
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Urjit Patel Quits As RBI Governor(10.12.2018)
Reserve Bank of India Governor Urjit Patel has stepped down from his post as RBI Governor citing "personal reasons". Mr Patel was appointed in 2016 fo.....
Tags : RBI Governor, Urijit Patel
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Bombay High Court: Arbitrators Must List No of Cases They Have(30.05.2019)
Bombay High Court has observed that companies or their advocates often appoint the same advocate in hundreds, even thousands of disputes as their arbi.....
Tags : Bombay High Court, Arbitrators
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Delhi HC: Foreign State Cannot Claim Sovereign Immunity Against Enforcement of Arbitral Award(23.06.2021)
Delhi High Court has held that a Foreign State cannot claim sovereign immunity under Section 86 of Code of Civil Procedure, 1908 against enforcement o.....
Tags : Delhi High Court, Sovereign Immunity Against Enforcement of Arbitral Award
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Cal HC: Venue Won’t be Seat of Arbitration if Agreement Confers Jurisdiction on a Different Court(12.06.2023)
Calcutta High Court has held that presence of a clause which confers exclusive jurisdiction upon a Court in a place other than the venue of arbitratio.....
Tags : Calcutta High Court, Arbitration, Seat, Venue, Jurisdiction
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RBI Clarifies 'Mandatory To Link Aadhaar With Bank Account'(23.10.2017)
Reserve Bank of India has clarified that linking of Aadhaar with bank accounts is mandatory.
Tags : RBI
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SC: Contravention of Statute Cannot Be Ground to Set Aside an Arbitral Award(10.09.2021)
Supreme Court has observed that contravention of a statute which is not linked to public policy or public interest cannot be a ground to set aside an .....
Tags : Supreme Court, Ground to Set Aside an Arbitral Award
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Supreme Court: Party to Agreement Cannot be Arbiter in his Own Cause(13.09.2019)
Supreme Court has clarified that a party to an agreement cannot be an arbiter in his own cause. The Court observed that as long as the dispute remaine.....
Tags : Supreme Court, Arbiter
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
read»
Bom. HC: Remedy Under the SARFAESI Act and A&C Act Work in Tandem(27.12.2023)
Bombay High Court while observing that debt owed to financial institutions under SARFAESI is arbitrable, has held that remedy under the SARFAESI Act i.....
Tags : Bombay High Court, SARFAESI, Arbitration
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RBI Directs Banks to Cap Stake in Insurance Companies at 30%(27.12.2019)
Reserve Bank of India has directed lenders to cut their stakes in insurers to 30%, as the banking regulator attempts to shield banks from risks arisin.....
Tags : RBI, Insurance Companies
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
read»
Delhi HC: Party Can’t Challenge Arbitral Award After Receiving Payment of Decided Amount(29.01.2024)
Delhi High Court has held that a party that has received payment in terms of an arbitral award cannot challenge the award with respect to the disallow.....
Tags : Delhi High Court, Arbitral Award, Disallowed Claims
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Infrastructure Projects: RBI Relaxes Refinancing Norms for NBFCs(03.06.2016)
RBI in order to encourage infrastructure financing has eased norms for NBFCs to refinance such projects and provide longer repayment tenures.
Tags : RBI, Infrastructure, NBFCs
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RBI: Pensioner's Account Not to Exceed More Than 14 Credit Transactions in a Year(22.01.2016)
Reserve Bank of India (RBI) has directed banks that a pensioner's account should not exceed more than 14 credit transactions in a calender year for re.....
Tags : RBI, Pensioner's Account
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RBI issues Master Directions on Foreign Exchange(04.01.2016)
The Reserve Bank of India released 17 Master Directions covering foreign exchang.....
Tags : Rbi, master directions, fema, 2016
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SC: Court Can’t Modify Award U/S 34 of Arbitration Act(14.08.2023)
Supreme Court while observing that Court’s under Section 34 of the Arbitration and Conciliation Act, 1996 has no power to modify an arbitration award,.....
Tags : Supreme Court, Arbitration, Award, Modify
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
read»
Madhya Pradesh HC: Delegation of Work Shall not Lead to Arbitrary Reduction of Contract Wages(22.01.2024)
Madhya Pradesh High Court has held that contract wages of employees cannot be reduced arbitrarily and illegally in case of delegation of work.
Tags : Madhya Pradesh High Court, Contract Wages, Arbitrary Reduction
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Delhi HC: Disclosure by Arbitrator is Not a Discretionary But a Mandatory Requirement(09.12.2022)
Delhi High Court has held that disclosure by the arbitrator under Section 12 r/w 6th Schedule of the Arbitration & Conciliation Act is not a discretio.....
Tags : Delhi High Court, Arbitration & Conciliation, Disclosure
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District courts 'principal civil Court' in Bihar(30.07.2015)
The District Court, not the Subordinate court, have original jurisdiction in Bihar for receiving matters under Section 34 of the Arbitration and Conci.....
Tags : arbitration, civil, original jurisdiction
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Bombay High Court: Local Law to Apply When Indian Entities are Party to Arbitration(25.08.2015)
Bombay High Court has ruled that two Indian parties should not put the clauses of foreign law in arbitration, as it is against public policy.
Tags : Bombay High Court ,Arbitration
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RBI Reconstructs JLF Mechanism to Deal with NPAs(25.09.2015)
RBI has reconstructed Joint Lenders’ Forum (JLF) norms to ensure mandatory presence of representatives of two systematically important banks: SBI and .....
Tags : RBI , JLF
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RBI Increases Withdrawal Limit from PMC Bank to Rs 50,000(06.11.2019)
Reserve Bank of India has enhanced the withdrawal limit of PMC Bank depositors to Rs 50,000 from the previous cap of Rs 40,000. RBI further said that .....
Tags : RBI, PMC Bank
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Delhi High Court Says No to Defenses Under FEMA For Enforcement of Foreign Arbitral Awards(17.04.2017)
Delhi High Court has held that foreign arbitral award can be enforced in India pertaining to put options, exit at assured return, and guarantee arrang.....
Tags : Delhi High Court, Foreign Arbitral Awards
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All. HC: Scheme of A&C Act Put no Limitation for Application of Doctrine of Severability to an Award(25.09.2023)
Allahabad High Court has held that scheme of the Arbitration and Conciliation Act, 1996 does not put any limitation on power of the court to apply the.....
Tags : Allahabad High Court, Doctrine of Severability, Arbitral Award
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Withdrawal of old series banknotes issued prior to 2005 deferred(11.02.2016)
The Reserve Bank of India extended the deadline for exchanging pre-2005 banknotes to 30 June, 2016. Exchange on banknotes in 2016 will only be done at.....
Tags : Rbi, banknotes, pre-2005, deadline, extend
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RBI to issue of Rs. 100 banknotes with inset letter 'L'(20.04.2016)
The Reserve Bank of India continued its trend of “ascending size of numerals” on bank notes with changes to Rs. 100 currency notes. The notes will be .....
Tags : rbi, banknotes, 100
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Supreme Court Explains Venue of Arbitration Along With Jurisdiction of High Court(26.07.2019)
Supreme Court has noted that when a place is agreed upon by the parties as the 'venue' of Arbitration, only the High Court having jurisdiction over th.....
Tags : Supreme Court, Arbitration
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Calcutta HC: Section 9 Arbitration Act Will Apply to Foreign Arbitration Unless Expressly Excluded(06.08.2021)
Calcutta High Court has held that choosing foreign law to govern an arbitration would not in itself exclude the application of Section 9 of the Arbitr.....
Tags : Calcutta High Court, Foreign Arbitration
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Supreme Court: Arbitral Award on the Issue of Limitation is an ‘Interim Award’(24.01.2018)
Supreme Court has held that an award delivered by an arbitrator, which decides the issue of limitation, is an interim award, that can be challenged se.....
Tags : Supreme Court, Arbitration
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Del. HC: Generic Exclusive Jurisdiction Clause Can be Overridden by Designated Venue of Arbitration(17.08.2023)
Delhi High Court has held that the generic exclusive jurisdiction clause can be overridden by the designated venue i.e., seat of arbitration as the ge.....
Tags : Delhi High Court, Designated Venue, Arbitration
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
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SC: Arbitral Tribunal Before 2015 Amendment Would Lose Mandate on Violation of Neutrality Clause(05.01.2022)
Supreme Court has held that an arbitral tribunal constituted as per an arbitration clause before the 2015 amendment to the Arbitration and Conciliatio.....
Tags : Supreme Court, Arbitral Tribunal Before 2015 Amendment , Violation of Neutrality Clause
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SC Upholds Rejection of S. 8 Application as Reliefs Claimed Fell Outside the Arbitration Clause(03.05.2023)
SC while upholding the rejection of an application filed under Section 8 of Arbitration and Conciliation Act, 1996 observed that the cause of action o.....
Tags : Supreme Court, Arbitration, Section 8 of A&C Act
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International Tribunal Fines Antrix With Rs 4,435cr(01.10.2015)
An international arbitration court has imposed Rs 4,435cr fine on Isro's commercial arm, Antrix, as damages to Devas Multimedia in regard to Devas-Ant.....
Tags : international arbitration court, Antrix,Devas Multimedia
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RBI Enhances PMC Bank Depositors Withdrawal Limit to Rs 25,000(04.10.2019)
Reserve Bank of India has enhanced the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank (PMC) to Rs 25,000 from .....
Tags : RBI, Withdrawal Limit
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Scheme for Sustainable Structuring of Stressed Assets(13.06.2016)
The Reserve Bank of India formulated a scheme for resolution of large stressed accounts. The Scheme for Sustainable Structuring of Stressed Assets, or.....
Tags : rbi, stressed asset, resolution, sustainable, scheme
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Delhi HC: Challenge Relating to Bias of an Arbitrator Can’t be Raised U/S 14 of A&C Act(12.12.2022)
Delhi High Court has held that a challenge to the mandate of arbitrator on the ground of bias and a justifiable doubt with respect to the independence.....
Tags : Delhi High Court, Arbitrator, Bias
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RBI Allows Banks to Shift, Merge or Shut Urban Branches(07.08.2015)
Reserve Bank of India has given permission to banks to shift, merge or close branches in urban areas without seeking it’s prior permission.
Tags : RBI, Urban Brances
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Guidelines for Relief Measures by Banks in Areas Affected by Natural Calamities(21.08.2015)
The Reserve Bank of India released guidelines based on a Central government notification reducing the criteria of crop loss from 50 per cent to 33 per.....
Tags : Rbi, relief, farmers, loan, reschedule, crops
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Amendments to the Arbitration and Conciliation Bill, 2015(26.08.2015)
The Union Cabinet approved amendments to the Arbitration and Conciliation Bill, 2015. The changes include having to disclose in writing the existence .....
Tags : Arbitration, bill, 2015, amendments
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RBI Permits PCE in Corporate Bonds(25.09.2015)
RBI has permitted banks to provide Partial Credit Enhancement (PCE) to bonds issued by corporates/Special Purpose Vehicles (SPVs) for funding all type.....
Tags : RBI ,PCE,Corporate Bonds
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RBI Increases Cap on Borrowing from MFIs to Rs 1.25 Lakh in Rural Areas(11.11.2019)
Reserve Bank of India has raised the household income limits for borrowers of Non-Banking Financial Companies-Micro Finance Institutions from Rs 1 lak.....
Tags : RBI, MFI
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RBI Releases First Bi-Monthly Monetary Policy Statement, 2019-20(04.04.2019)
Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) has announced its resolution under first bi-monthly monetary policy statement for 2019-.....
Tags : Reserve Bank of India, RBI, First Bi-monthly Monetary Policy Statement, 2019-20
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SC: Arbitration - 2015 Amendment Won't Apply to Section 34 Applications Filed Prior to It(12.11.2021)
Supreme Court has held that the 2015 amendment to Section 34 of the Arbitration and Conciliation Act 1996 will apply only to Section 34 applications t.....
Tags : Supreme Court, Arbitration - 2015 Amendment
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SC: For an Arbitration Clause to be Legally Binding it has to be in Consonance with Constitution(07.11.2023)
Supreme Court has held that for arbitration clause to be legally binding it has to be in consonance with “operation of law” which includes the Grundno.....
Tags : Supreme Court, Constitution, Arbitration Clause
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Bombay HC Seeks RBI Opinion over Plea to Change Notes and Coins for Blind(04.10.2016)
Bombay HC has asked Reserve Bank of India (RBI) to file reply within four weeks in response to Public Interest Litigation (PIL) highlighting difficult.....
Tags : Bombay HC, RBI, Blind
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Delhi High Court: Contractual Clauses and Party’s Conduct Infer Seat of Arbitration(20.02.2024)
Delhi High Court has held that determination of seat of arbitration should be done on the basis of the clauses of agreement and the conduct of parties.....
Tags : Delhi High Court, Seat of Arbitration, Contractual Clauses
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Delhi HC: MoU Arising Out of Agreement Containing Arbitration Clause Can Referred to Arbitration(06.06.2022)
Delhi High Court has held that where a MoU has been signed by the parties under an agreement, arbitration can be sought for breach of the terms of the.....
Tags : Delhi High Court, MoU, Arbitration
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After Urjit Patel's Surprise Resignation, RBI Denies Reports of No.2 Viral Acharya Stepping Down(11.12.2018)
On October 26, Acharya spoke about the need to preserve the autonomy of the RBI.
Tags : RBI
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TENANCY - Whether Disputes Between Landlord-Tenant Arbitrable: SC Refers the Question to Larger Bench(08.03.2019)
Supreme Court has referred to larger bench the correctness of its judgment in Himangni Enterprises v. Kamaljeet Singh Ahluwalia, in which it was held .....
Tags : Supreme Court, Himangni Enterprises v. Kamaljeet Singh Ahluwalia, Landlord-Tenant Arbitrable
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Bombay HC: NCLAT Has No Jurisdiction Over Petition Under Arbitration Act(14.04.2021)
Bombay High Court has held that the National Company Law Appellate Tribunal has absolutely no jurisdiction over it in a petition under the Arbitration.....
Tags : Bombay High Court, National Company law Appellate Tribunal, Jurisdiction Over Petition Under Arbitration Act
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SC: Provisions of Limitation Act Will Apply to Arbitration Proceedings Under MSMED Act(30.06.2021)
Supreme Court held that the provisions of Limitation Act, 1963 will apply to arbitration proceedings initiated under Section 18(3) of Micro, Small and.....
Tags : Supreme Court, Arbitration Proceedings Under MSMED Act
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RBI Nod for "In-Principle" Approval to Set-up New TReDS under PSS Act 2007(25.11.2015)
RBI has given in-principle approval to NSE Strategic Investment Corporation Ltd and Small Industries Development Bank of India, Axis Bank and Mynd Sol.....
Tags : RBI , TReDS
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Del HC: Delay in Approaching Authority for Constitution of Tribunal Won’t Render Claims Time Barred(10.02.2023)
Delhi High Court has held that period within which party is required to approach court for constitution of arbitral tribunal, can’t be conflated with .....
Tags : Delhi High Court, Limitation, Claims, Arbitral Tribunal
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Supreme Court Explains Whether Arbitration Clause Can be Invoked After Parties Compromise(01.08.2019)
Supreme Court has ruled that when the parties to a contract containing arbitration clause have settled their differences and have arrived at a comprom.....
Tags : Supreme Court, Arbitration Clause
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RBI Policy: Interest Rates Unchanged, GDP Growth Forecast Lowered(06.12.2019)
Reserve Bank of India has released its fifth bi-monthly monetary policy statement for 2019-20 in which the Monetary Policy Committee, decided to keep .....
Tags : RBI Policy, Interest Rates
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SC: Can’t Set Aside Arbitral Award on Mere Possibility of Alternate Interpretation of Contract(21.08.2023)
Supreme Court while observing that the jurisdiction u/s 34 of A&C Act is exercised only to see if the Tribunal’s view is perverse or manifestly arbitr.....
Tags : Supreme Court, Arbitral Award, Contract
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
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SC: Party Without Notice of Section 11(6) Petition Filed By Other Party Free to Appoint Arbitrator(06.01.2022)
Supreme Court has held that a party to the arbitration agreement can appoint an arbitrator even after an Arbitration Petition under Section 11(6) of t.....
Tags : Supreme Court, Appointment of Arbitrator
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Morbi Court Sends 4 Accused to Police Custody Till Nov 5 in Morbi Bridge Collapse Case(03.11.2022)
Morbi Court while sending four accused to 5-day police custody in connection with the October 30 Morbi Bridge Collapse incident has observed that alle.....
Tags : Morbi Court, Bridge Collapse, Police Custody
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MP HC: Commercial Matters Involving Arbitration Disputes Can Only Be Heard by Commercial Court(05.03.2021)
Madhya Pradesh High Court has held that Commercial matters involving Arbitration disputes can only be heard by Commercial Court of the status of Distr.....
Tags : Madhya Pradesh High Court, Commercial Matters Involving Arbitration Disputes
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Delhi HC: Court Cannot Review Order Passed U/S 11 of A&C Act(12.01.2023)
Delhi High Court has held that orders passed in an application filed under Section 11 of Arbitration and Conciliation Act, 1996 (A&C) cannot be review.....
Tags : Delhi High Court, Arbitration and Conciliation, Review
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RBI Releases Guidelines for On-Tap Licensing of Universal Banks in Private Sector(02.08.2016)
Reserve Bank of India (RBI) has released final guidelines for on-tap licensing of universal banks in private sector, under which it ring-fenced bankin.....
Tags : RBI , On-Tap Pvt Sector Bank Licences
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RSS Ideologue Gurumurthy Slams RBI Ahead of Board Meet, Asks Why Bad Loans Policy Changed After 2014(16.11.2018)
Delivering a lecture on the state of the economy, Gurumurthy backed the government’s stance on issues like easing credit rules for state-run banks a.....
Tags : RBI
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Complexity of Indian Financial System Warrants Robust Corp Governance in Banks, Says RBI Governor(18.01.2019)
Speaking at the 9th Vibrant Gujarat Global Summit 2019, the RBI chief said the central bank is committed to play its role as the monetary authority fo.....
Tags : RBI
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‘Ready to Return If....': Amid Buzz of Grand Alliance Backing, Raghuram Rajan Hints at Comeback(28.03.2019)
Former RBI governor Raghuram Rajan is speculated to be the opposition’s choice for finance minister if the grand alliance comes to power in upcoming.....
Tags : RBI
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RBI Cancels All T-Bill Auctions(25.02.2016)
Reserve Bank of India (RBI) has cancelled Treasury Bill (T-Bill) auction aggregating Rs 14,000 crore in full.
Tags : RBI, T-Bill
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SC: 'Group of Companies' Doctrine must be Retained in the Indian Arbitration Jurisprudence(06.12.2023)
Supreme Court has held that the 'group of companies' doctrine must be retained in the Indian arbitration jurisprudence considering its utility in dete.....
Tags : Supreme Court, 'Group of Companies', Arbitration
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PAN Mandatory for Sending Money Abroad: Government(08.06.2018)
Central Government has decided to make Permanent Account Number (PAN) mandatory for remitting money abroad as the Reserve Bank of India has decided to.....
Tags : RBI, PAN Card
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Supreme Court: Arbitration Initiated After Imposition Of Moratorium Under IBC is Non Est in Law(03.11.2017)
Supreme Court has held that arbitration proceedings instituted after the imposition of moratorium under Section 14 of the Insolvency and Bankruptcy Co.....
Tags : Supreme Court, Insolvency, Arbitration
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SC: Bar U/s 9(3) Arbitration Act Not Applicable Before Constitution of Arbitration Tribunal(15.09.2021)
Supreme Court has observed that the bar under Section 9(3) of the Arbitration and Conciliation Act, 1996 operates only when the application under Sect.....
Tags : Supreme Court, Bar U/s 9(3) Arbitration Act
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
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De-notification of Arbitration clause in all tariff products under Fire, Motor and Engineering, Workmen's Compensation and other classes of insurance business(23.01.2024)
In exercise of the powers conferred by sub section (1) of section 64 ULA of the Insurance Act, 1938, the Authority hereby de-notifies the Arbitration .....
Tags : Arbitration clause, Insurance business, Denotification
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President Gives Nod to SC and ST (Prevention of Atrocities) Amendment Act and others(08.01.2016)
President has given nod to Arbitration and Conciliation (Amendment) Act; Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Ac.....
Tags : Arbitration and Conciliation (Amendment) Act; Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Act; Commercial Courts,Commercial Division and Commercial Appellate Division of High Courts Act; Payment of Bonus (Amendment) Act, 2015
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Cal. HC to Centre: Probe Fraud Committed by Railways to Obtain Favorable Award(09.08.2023)
Calcutta High Court while unconditionally stayed an arbitral award granted in favour of South Eastern Railways on ground of fraud perpetrated by collu.....
Tags : Calcutta High Court, Arbitral Award, Collusion, Fraud
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
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SC: Arbitrator Cannot Modify Award on An Application Under Section 33 Arbitration Act(23.11.2021)
Supreme Court has observed that an Arbitrator cannot modify an Arbitration award on an application filed under Section 33 of the Arbitration and Conci.....
Tags : Supreme Court, Arbitrator Cannot Modify Award
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Lok Sabha Passes Arbitration and Conciliation (Amendment) Bill, 2019(02.08.2019)
Lok Sabha has passed the Arbitration and Conciliation (Amendment) Bill, 2019. The Bill aims at making India an international arbitration hub by provid.....
Tags : Lok Sabha, Arbitration and Conciliation (Amendment) Bill, 2019
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Apex Court: Delay of More than 120 Days in Filing Arbitration Appeal not Liable to be Condoned(16.12.2019)
Apex Court has observed that a delay of more than 120 days in filing appeal under Section 37 of the Arbitration and Conciliation Act, 1996 is not liab.....
Tags : Apex Court, Arbitration
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Central Fraud Repository comes into operation(21.01.2016)
The Reserve Bank of India notified operation of the Central Fraud Registry from 20 January, 2016. The Registry, first mentioned in the Bank’s Tags : RBI, Central fraud registry, cell
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
read»
RBI announces Regulatory Relaxations for Startups(02.02.2016)
The Reserve Bank of India has highlighted steps taken to promote the ease of doing business and creating conditions conducive for growth of start-ups......
Tags : Start-up, rbi, ease of doing business
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RBI Mandates Cyber Security Policy to Keep Hackers at Bay(03.06.2016)
Reserve Bank of India (RBI) has directed all banks to immediately frame cyber security policies approved by their respective boards.
Tags : RBI, Cyber Security
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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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RBI creates Helpline for guiding Start-ups in India on Forex Matters(22.12.2015)
The Reserve Bank of India has created a dedicated email helpline for start-ups in India, offering guidance and assistance to undertake cross-border tr.....
Tags : Rbi, foreign exchange, start-up, email assistance
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Kerala HC: Writ Jurisdiction Cannot be Invoked to Challenge Appointment of Arbitrator(12.01.2022)
Kerala High Court has held that writ jurisdiction cannot be invoked to challenge the appointment of an arbitrator since such grievances could be redre.....
Tags : Kerala High Court, Appointment of Arbitrator
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Delhi HC: Unilateral Constitution of a Narrow Panel of Arbitrators Violates Impartiality(25.08.2022)
Delhi High Court has held that power conferred on one party to unilaterally choose names from a panel of arbitrators and forwarding it to the other pa.....
Tags : Delhi High Court, Arbitrators, Impartiality
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Arbitral Tribunal Holds Zo Rooms Entitled to 7% Shareholding in $9 Billion Valued-Oyo(09.03.2021)
Arbitral Tribunal, in a tussle between Oravel Stays Pvt Ltd (Oyo) and start-up Zostel Hospitality Pvt Ltd (Zostel), has held that Zo Rooms is entitled.....
Tags : Arbitral Tribunal, Oyo-Zostel Arbitration
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Del HC: Can Refer to Arbitration Dispute Regarding Use of TM by Partner for His Sole Proprietorship(13.01.2023)
Delhi High Court while observing that disputes relating to subordinate rights in personam arising from rights in rem are arbitrable has held that disp.....
Tags : Delhi High Court, Arbitration, Trademark, Subordinate Rights
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Del. HC: Updation Application to Change Amount of Counter Claim is an Amendment Application(29.03.2023)
Delhi High Court has held that where a party has filed an application seeking to update its counter claims before Arbitral Tribunal, the said applicat.....
Tags : Delhi High Court, Updation Application, Amendment, Arbitral Tribunal
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Supreme Court: Limitation u/s 34 of Arbitration Act Begins From Date of Delivery of Award Copy(30.03.2018)
Supreme Court has reiterated that the limitation period prescribed under Section 34(3) of the Arbitration and Conciliation Act would commence only fro.....
Tags : Supreme Court, Arbitration
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Arbitration tribunal empowered to recall order ‘in the interest of justice’(08.07.2016)
An arbitration tribunal can exercise its inherent powers to “secure the ends of justice”, the Chhattisdarh High Court said, allowing claims that the t.....
Tags : chhattisgarh, arbitration, order, recall, interest of justice
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FEMA Norms Eased to Spur Investment from Fverseas(10.11.2017)
Reserve Bank of India (RBI) has simplified Foreign Exchange Management Regulations, by putting all the 93 amendments under one notification, a move th.....
Tags : FEMA, RBI
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
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Calcutta High Court: Intention to Arbitrate Must be Clearly Stated by Parties Within Agreement(23.01.2024)
Calcutta High Court has held that parties to an arbitration agreement should clearly state their intentions to arbitrate and should abstain from using.....
Tags : Calcutta High Court, Intention to Arbitrate, Agreement
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RBI to make FEMA compounding orders public(26.05.2016)
The Reserve Bank of India will provide information on compounding orders passed after 1 June 2016.
The step, seen as a further shaming tac.....
Tags : fema, compounding, rbi, order
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SC: Courts Cannot Modify Award Passed Under Section 34 of Arbitration Act(21.07.2021)
Supreme Court has held that Courts cannot modify an award passed under Section 34 of the Arbitration and Conciliation Act, 1996 in Project Director, N.....
Tags : Supreme Court, Modification of Arbitral Award
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RBI to Banks: Connect All New Floating-Rate Home, Auto Loans to Repo from October(05.09.2019)
RBI has made it essential for banks to link all new floating-rate loans for housing, auto and MSMEs to external benchmark like repo from October 1, a .....
Tags : RBI, Repo
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Del. HC: Claims Settled Under RP Becomes Non-Arbitrable(13.10.2023)
Delhi High Court has held that the IBC and resolution process doesn’t contemplate matters being left inchoate and exhorts one to accept the seal of fi.....
Tags : Delhi High Court, Resolution Plan, Non-Arbitrable
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
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RBI Grants Approval for First Conversion from Urban Cooperative Bank to Small Finance Bank(07.01.2020)
Reserve Bank of India has granted ‘in-principle’ approval to Saharanpur-based, Shivalik Mercantile Cooperative Bank to convert from an Urban Cooperat.....
Tags : RBI, Small Finance Bank
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RBI Opens 24x7 NEFT Window(17.12.2019)
Reserve Bank of India has allowed National Electronic Funds Transfer (NEFT) facility available for 24 hours a day throughout the year starting 16th De.....
Tags : RBI, NEFT
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Karnataka HC: Challenge to Award in International Commercial Arbitration Can be Made Before HC(25.02.2022)
Karnataka High Court has ordered that in view of Section 2(e)(ii) of the Arbitration and Conciliation Act, 1996 a challenge to an award in an Internat.....
Tags : Karnataka High Court, Challenge to Award, International Commercial Arbitration
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RBI to Conduct Exam for Applicants Who Failed to Appear Due to Kerala Floods(24.08.2018)
Those who have already appeared for the exam will however not be allowed to take it again, RBI said.
Tags : RBI
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Allahabad HC Imposes Cost on Man Who Sought Reiteration of General Mandamus Against Arbitrary Arrest(25.04.2022)
Allahabad High Court recently imposed a cost of Rs. 20,000 on a person who sought reiteration of a general mandamus, which has already been issued by .....
Tags : Allahabad High Court, Arbitrary Arrest, Cost, Reiteration of General Mandamus
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Bombay HC: Arbitration Clause in Tax Invoice Does Not Constitute Arbitration Agreement(15.04.2022)
Bombay High Court has held that the arbitration clause in a tax invoice cannot be treated as an arbitration agreement binding on the parties.
Tags : Bombay High Court, Arbitration Clause in Tax Invoice
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Govt vs RBI: Easing Lending Curbs for Banks Under Prompt Corrective Action May Bring More Pain(27.11.2018)
The recent tug of war is over the government’s contention that easing lending restrictions on some of these banks will help ease systemic liquidity .....
Tags : RBI
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Finance Minister Arun Jaitley to Address RBI Board Today in Post-Budget Meet(18.02.2019)
The customary post-budget meeting will take place against the backdrop of a slight deviation from the fiscal deficit target for the current financial .....
Tags : RBI
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Court can Appoint Arbitrator Only After Resorting to Procedure in Arbitration Agreement: SC(01.04.2019)
Supreme Court has observed that High Court, while dealing with an application under Section 11(6) of Arbitration and Conciliation Act, seeking appoint.....
Tags : Supreme Court, Appointment of Arbitrators
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NCDRC: Presence of Arbitration Clause in Agreement Doesn’t Bar Jurisdiction of Consumer Forum(05.05.2023)
National Consumer Dispute Redressal Commission (NCDRC) has held that consumer court retains the power to handle complaints, even if there is an arbitr.....
Tags : National Consumer Dispute Redressal Commission, Arbitration Clause, Consumer
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Execution of arbitration of arbitral award impermissible without permission of BIFR(08.09.2015)
Mere violation of Indian law is not sufficient to raise an objection for enforcement of the foreign award under Section 48 of the Arbitration Act, 199.....
Tags : Arbitration, sica, foreign, bifr
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RBI Eases Ban for those Looking to Buy Stake of Foreign Firms in India(04.10.2019)
Reserve Bank of India (RBI) has clarified that there would be no “blanket ban” on Indian companies wanting to buy stakes in overseas firms, which alre.....
Tags : RBI, Foreign Firms
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Bombay HC Rejects PIL against Ban on Clicking Pictures of RBI HQ(28.06.2016)
Bombay HC has rejected a public interest litigation which said Reserve Bank of India cannot prohibit the general public from taking pictures of its He.....
Tags : Bombay HC, RBI HQ
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Enhancing Credit Supply for Large Borrowers through Market Mechanism(12.05.2016)
The Reserve Bank of India released a paper on Framework for enhancing .....Tags : rbi, large borrower, risk, asset
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Supreme Court Invalidates Sec 87 of Arbitration & Conciliation Act Inserted through 2019 Amendment(28.11.2019)
Supreme Court has struck down Section 87 of the Arbitration and Conciliation Act, 1996 which was inserted through the 2019 Amendment Act passed by the.....
Tags : Supreme Court, Arbitration
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Arbitration Amendment Act, SC Says: New S. 36 Apply Even To pending S. 34 Applications(16.03.2018)
SC has clarified that since execution of a decree pertains to the realm of procedure, and that there is no substantive vested right in a judgment debt.....
Tags : Supreme Court, Arbitration
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SC: Arbitral Award Can't be Challenged on Ground That Arbitrator Has Failed to Appreciate Facts(19.01.2022)
Supreme Court has reiterated that the Appellate Court exercising power under Section 30 and 33 of the Arbitration Act, 1940 ought not to reassess or r.....
Tags : Supreme Court, Arbitral Award
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BJP Leader Ridicules RBI Boss Over Qualifications, Prays He Won't Make Central Bank Itself 'History'(13.12.2018)
Das has also been the target of ridicule on social media over his educational qualifications vis-a-vis his predecessors Patel and Raghuram Rajan who h.....
Tags : RBI
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Delhi HC: Whether A Claim Is 'Notified Claim' Under Contract; Falls Outside the Scope Of Arbitration(14.10.2022)
Delhi High Court has observed that the dispute whether a claim raised by a party is a 'Notified Claim' under the Contract, which can be referred to ar.....
Tags : Delhi High Court, Notified Claim, arbitration
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Bombay HC: Court Not Powerless to Appoint Appropriate Arbitral Tribunal(30.01.2023)
Bombay High Court has held that even if party’s right to appoint its nominee in Arbitral Tribunal is forfeited because it failed to exercise its right.....
Tags : Bombay High Court, Arbitral Tribunal, Arbitration
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Delhi HC: Arbitrator Can’t Set Aside Sale Notice Issued by Secured Creditor Under SARFAESI Act(23.02.2023)
Delhi High Court has held that matter of a sale notice issued by secured creditor under Section 13(4) of SARFAESI Act is not arbitrable at all, and th.....
Tags : Delhi High Court, SARFAESI, Sale Notice, Arbitrator
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'It's the Last Opportunity': SC Orders RBI to Disclose Annual Inspection Reports of Banks Under RTI(26.04.2019)
Warning that any future violation of RTI would be viewed “seriouslyâ€, the court asked RBI to review its policy on disclosure of information under .....
Tags : Court, SC, RBI
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Kerala HC Warns Private Hospitals Against Charging Exorbitant Rates on COVID Treatment(11.05.2021)
Kerala High Court has cautioned hospitals to abide by the rates notified by the government in its order, giving strong warning to hospitals for overch.....
Tags : Kerala High Court, Exorbitant Rates on COVID Treatment
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RBI: Report Fraud in 3 Days to Avoid Losses(07.07.2017)
RBI has capped the customer liability at Rs 25,000 if they report unauthorised bility at transactions within seven working days.
Tags : RBI
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Cal. HC: Award Passed by Unilaterally Appointed Arbitrator is Null(13.04.2023)
Calcutta High Court has observed that a unilaterally appointed award does not carry the privilege of existence in the eyes of the law and is regarded .....
Tags : Calcutta High Court, Unilateral Appointment, Arbitrator, Enforcement
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SC: 2015 Arbitration Amendment Not Applicable If Arbitration Notice was Issued Prior to Amendment(11.05.2023)
Supreme Court has held that in cases where notice invoking arbitration is issued prior to 2015 Amendment Act and application under Section 11 for appo.....
Tags : Supreme Court, Arbitration, Notice, Amendment
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RBI releases the results of forward-looking surveys(29.09.2015)
The Reserve Bank of India released results of several surveys on industrial outlook, consumer confidence, professional forecasts on macroeconomic fact.....
Tags : Rbi, surveys, 2015
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RBI Permits Residents to Conduct Foreign Currency-Rupee Swaps Transactions with Multilateral Bodies(06.11.2015)
Reserve Bank of India (RBI) has permitted domestic entities to conduct foreign currency-rupee swaps with multilateral agencies and allow hedging of lo.....
Tags : RBI, Foreign Currency-Rupee Swaps Transactions
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SC: Arbitration Reference Can be Declined if Dispute Does Not Correlate to Arbitration Agreement(23.09.2021)
Supreme Court has observed that prayer for reference to Arbitration under Section 11 of the Arbitration and Conciliation Act, 1996 can be declined if .....
Tags : Supreme Court, Arbitration Reference
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RBI Keeps Repo Rate Unchanged at 6%(05.04.2018)
RBI has maintained status quo on the short-term lending rate, repo rate, at 6 per cent, in its first bi-monthly policy review of 2018-19. Reverse repo.....
Tags : RBI, Repo Rate
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Stalling foreign arbitral award with Indian law rebuked(13.05.2016)
Where parties to a contract choose a seat of arbitration outside India and the law applicable is explicitly not Indian, courts in India do not have ju.....
Tags : Arbitration, abroad, jurisdiction, umpire
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Delhi HC: Order by Arbitrator Allowing Meeting at Other Place Will Not Change Seat of Arbitration(08.06.2022)
Delhi High Court has held that order passed by the Arbitrator stating that the arbitral proceedings shall be conducted at any other place would not ch.....
Tags : Delhi High Court, Seat of Arbitration, Arbitral Order
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Shaktikanta Das, Centre's Face During Demonetisation, Appointed RBI Governor(12.12.2018)
The appointment comes almost 24 hours after Urjit Patel on Monday resigned as RBI Governor on account of personal reasons, with immediate effect.
Tags : RBI
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Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment: SC(08.02.2019)
Supreme Court has reiterated that arbitrator cannot award interest on award if the agreement expressly prohibits grant of interest.
Tags : Supreme Court, Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment
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RBI Says No Data on Demonetised Rs 500, 1,000 Notes Used at Petrol Pumps(10.03.2019)
In reply to an RTI query, the RBI said it has no data on the old 500 and 1,000 rupee notes used to pay for utility bills such as fuel at petrol pumps......
Tags : RBI
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SC: When Parties Change Venue of Arbitration by Mutual Agreement, New Place is Seat of Arbitration(19.04.2021)
Supreme Court has held that when parties change the 'venue/place of arbitration' by mutual agreement, the new venue/place will become the 'seat of the.....
Tags : Supreme Court, Seat of Arbitration
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SC: It is Referral Court’s Duty to Decide Issue of Existence and Validity of Arbitration Agreement(17.05.2023)
Supreme Court has held that it is duty of referral court to conclusively decide issue of existence and validity of an arbitration agreement if the sam.....
Tags : Supreme Court, Arbitration Agreement, Referral Court
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RBI releases Annual Report of the Banking Ombudsman Scheme(26.11.2015)
The Reserve Bank of India released the Annual Report of the Banking Ombudsman Scheme 2006: 2014-2015. Some highlights include receipt of 85,131 compla.....
Tags : Rbi, ombudsman, complaints, 2015
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RBI Permits Payment of all Recurring Bills Through BBPS(17.09.2019)
Reserve Bank of India (RBI) has expanded the scope of Bharat Bill Payment System (BBPS) to cover all repetitive bill payments, which may include scho.....
Tags : RBI, BBPS
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Cal HC: Reference to Master Facility Agreement Not Sufficient to Incorporate Arbitration Clause(16.08.2023)
Calcutta High Court while observing that arbitration clause can’t be incorporated by reference without clear intention of parties, has held that a gen.....
Tags : Calcutta High Court, Master Facility Agreement, Arbitration Clause
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PAN and Contact Info 'Leaked', Did SBI Miss Major Design Flaw in Its Envelopes?(06.12.2017)
An activist has been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing h.....
Tags : RBI
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Monetary Policy: RBI Keeps Key Policy Rates Unchanged(07.06.2016)
RBI has kept key interest rate (repo rate) unchanged at five-year low of 6.50% in its bi-monthly policy review. Consequently, the reverse repo rate wi.....
Tags : RBI Monetary Policy
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