analysing impediments faced b.....Tags : trai, broadband, access, shared space, commercial, residential
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Madras HC: Notice to Accused Not Necessary for Freezing Bank Account Under Section 102 CrPC(21.03.2022)
Madras High Court has dismissed a plea made by the wife of controversial PUBG gamer Madan seeking the defreezing of her bank account at Axis Bank Limi.....
Tags : Madras High Court, Freezing Bank Account
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RBI Relaxes Norms in Cheque Dishonour Cases(05.08.2016)
Reserve Bank of India (RBI) has relaxed norms in cheque dishonour cases of Rs 1 crore and above.
Tags : Reserve Bank of India , Cheque Dishonour Cases
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RBI Hikes Repo Rate by 25 bps to 6.5%(01.08.2018)
Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) has raised repo rate by 25 basis points (bps) to 6.5%.
Tags : Reserve Bank of India, Repo Rate
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SC Stays Madras HC Order That Set Aside Notification Banning Sale of Chewing Tobacco in Tamil Nadu(26.04.2023)
Supreme Court has stayed the Madras High Court’s order setting aside notification imposing a ban on sale of Gutka, Pan Masala, flavoured or scented fo.....
Tags : Supreme Court, Chewing Tobacco, Ban, Sale
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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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NCLT, Kolkata: IRP Against Legal Heirs of Personal Guarantor by Financial Creditor Not Permissible(11.04.2022)
National Company Law Tribunal, Kolkata has held that the application is not maintainable against legal heirs of the Personal Guarantor under the Insol.....
Tags : National Company Law Tribunal, Financial Creditor, Personal Guarantor, Bank of Baroda
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Supreme Court Rejects Plea Seeking Beef Ban Hearing in Jammu(14.10.2015)
Supreme Court has rejected a petition seeking that hearing on beef ban in Jammu and Kashmir be heard by a three-judge bench of Jammu and Kashmir High .....
Tags : Supreme Court , Beef Ban
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'Child Witness Prone to Tutoring': Calcutta HC Acquits Man Convicted for Murdering His Wife(25.05.2022)
Calcutta High Court has set aside the order convicting husband for the murder of his wife on the ground that the child witness being of extremely tend.....
Tags : Calcutta High Court, Murder, Husband, Child Witness
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DGFT: Importer Not Required to Furnish Quarterly Returns for Import of Water-Mark Bank Note Paper(14.07.2021)
Director-General of Foreign Trade (DGFT) has notified that the importer is no longer required to furnish quarterly returns for import of Water-mark Ba.....
Tags : Director General of Foreign Trade, Import of Water-Mark Bank Note Paper
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Supreme Court 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 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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Sebi Exempts 3 PSBs From Takeover Code Obligations(30.09.2015)
Securities and Exchange Board of India (Sebi) has exempted Centre from discloser of takeover code obligations for its investment in Dena Bank, Bank of.....
Tags : Securities and Exchange Board of India,Dena Bank, Bank of India, Corporation Bank.
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NCLAT: CIRP Against Real Estate Company to Affect the Only Project Concerned(13.02.2020)
National Company Law Appellate Tribunal has held that an insolvency process against a real estate company will impact only the project concerned and n.....
Tags : National Company Law Appellate Tribunal, Appointment of Ex- Bankers
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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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Gujarat HC Set Aside Provisional Attachment of Bank Accounts of Person Accused of Tax Evasion(03.11.2020)
Gujarat High Court has quashed the order for provisional attachment of the five bank accounts of a person accused of tax evasion under Section 74(1) o.....
Tags : Gujarat High Court, Provisional Attachment of Bank Accounts
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RBI Permits Cooperative Banks to Offer Internet Banking Services(06.11.2015)
RBI has allowed all cooperative banks to offer Internet banking services to their customers and said that any Urban Cooperative Bank, State Cooperativ.....
Tags : RBI , Cooperative Banks , Internet Banking Services
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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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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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RBI Amends Investment, Trading Rules for Banks(26.09.2017)
Reserve Bank of India (RBI) has barred banks from investing in category III Alternative Investment Funds, specified norms for their participation in c.....
Tags : Reserve Bank of India, Alternative Investment Funds
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Allahabad HC Directs on Woman’s Representation on Husband’s Blindness Due to Vaccine(30.06.2021)
Allahabad High Court has directed District Magistrate, Budaun to decide on a woman's representation in writ petition seeking direction to respondents .....
Tags : Allahabad High Court, Woman’s Representation on Husband’s Blindness Due to Vaccine
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Calcutta HC asks Govt. to Ensure Normalcy during Bandh(28.09.2016)
Calcutta HC has directed State Government to ensure that normal life is not disrupted during the bandh.
Tags : Calcutta HC , Bandh
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Delhi HC Refuses to Take Plea for Law to Ban Cow Slaughter(21.12.2015)
Delhi High Court has refused to entertain a petition seeking enactment of a law prohibiting slaughter of cows, saying that issue is beyond the domain .....
Tags : Delhi High Court, Law to Ban Cow Slaughter
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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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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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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 Issues Notice on Plea Seeking Absolute Ban on Use of Sanitization Tunnels(10.08.2020)
Supreme Court has issued notice to Union of India on a Public Interest Litigation seeking complete ban on sanitization tunnels being used across the c.....
Tags : Supreme Court, Ban on Use of Sanitization Tunnel
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RBI Cancels Sahara's NBFC Licence for Flouting Know-Your-Customer Norms(15.09.2015)
Reserve Bank of India (RBI) has cancelled licence of Sahara India Financial Corporation Ltd (SIFCL), Sahara group’s Non-Banking Financial Co.(NBFC), e.....
Tags : Reserve Bank of India , Sahara
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RBI dispels rumour on non-acceptance of scribbled-on currency(14.12.2015)
The Reserve Bank of India issued a clarificatory statement to dispel rumours in social media that banks will not accept currency notes which have been.....
Tags : Bank note, scribble, tender, rumour
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SEBI Allows Payments Banks to Carry Out Activities of Investment Bankers(04.08.2021)
Securities and Exchange Board of India has allowed payments banks to carry out the activities of investment bankers to provide easy access to investor.....
Tags : Securities and Exchange Board of India, Activities of Investment Bankers
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RBI permits internet banking in regional rural banks(19.11.2015)
The Reserve Bank of India permitted Regional Rural Banks to provide internet banking facilities to their customers, provided they have implemented the.....
Tags : Regional, rural bank, internet banking
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National Human Rights Commission Issues Notice to CBI Over Alleged Torture of Ex-Bureaucrat Bansal(30.09.2016)
National Human Rights Commission has issued notice to CBI over the alleged torture of suspended senior bureaucrat BK Bansal and his family that led to.....
Tags : National Human Rights Commission, CBI, Bansal
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Gujarat HC Seeks RBI’s Response over its Power to Ban DCCB Transactions & Restricts Withdrawal Limits(06.12.2016)
Gujarat High Court has asked Reserve Bank of India (RBI) whether it has powers to ban transactions at District Central Cooperative Banks (DCCB) or res.....
Tags : Gujarat High Court, demonetization, Co-Operative Banks
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SC: Ban on Firecrackers Required Not Only to Curb Air Pollution but also Noise Pollution(13.12.2024)
Supreme Court while directing Delhi government and NCR states to decide on a complete year-round ban on firecrackers, has stated that this is the requ.....
Tags : Supreme Court, Ban on Firecrackers, Noise Pollution
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Karnataka High Court Issues Notice to Centre, RBI over Plea to Cancel Axis Bank’s Licence(12.10.2017)
Karnataka High Court on Wednesday ordered issue of notices to the Ministry of Finance and the Reserve Bank of India on a petition seeking cancellation.....
Tags : Karnataka High Court, Axis Bank
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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 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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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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RBI’s Nod Mandatory to Buy 5% or More in Banks(20.11.2015)
Reserve Bank of India (RBI) has said that its prior approval will be required for acquisition of shares or voting rights in a private bank for increas.....
Tags : Reserve Bank of India , private bank
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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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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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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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Delhi HC Seeks Centre's Response over RBI's Circular on E-Retail(22.04.2016)
Dellhi HC has sought Centre's response on petition challenging a circular by Reserve Bank of India (RBI), as per which retail trading in any form thro.....
Tags : Dellhi HC , Reserve Bank of India
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Calcutta HC Imposes Blanket Ban on Fireworks to Curb Air Pollution Amid Covid Pandemic(06.11.2020)
Calcutta High Court has clamped a blanket ban on fireworks to curb pollution amid the Covid-19 pandemic in Bengal till the end of November, 2020 “for .....
Tags : Calcutta High Court, Ban on Fireworks
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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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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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Bombay HC: Mere Repayment of Loan Amount ‘No Ground’ For Quashing Cheating Case(29.03.2017)
Bombay High Court has held that re-payment of loan amount will not have any adverse effect on a criminal prosecution and observed that offences involv.....
Tags : Bombay High Court, banking and loan transactions
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Award for outstanding writings in the field of Banking Hindi(16.10.2017)
With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched an 'Award scheme for outstanding writings.....
Tags : Outstanding writings, Banking Hindi, Award
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Delhi HC Seeks Response from AAP Govt. on PIL Demanding Ban on Chinese Manjas(02.06.2016)
Delhi high court has sought reply from the AAP Government on a PIL demanding an immediate ban on Chinese manja, thread used to fly kites.
Tags : Delhi High Court, ban on Chinese manja
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Risk Management and Inter-bank Dealings - Hedging of Foreign Exchange Risk-Date of Implementation(18.05.2020)
1. A reference is invited to the Directions on Hedging of Foreign Exchange Risk issued vide A.P. (DIR Series) Circular No. 29 dated April 7, 2020. The.....
Tags : Risk Management, Inter-bank Dealings, Directions
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HP High Court Strikes Down Provision of Rent Act(04.08.2016)
HP High Court has struck down first proviso of clause (c) of sub-section (3) of Section 14 of the of HP Urban Rent Control Amended Act, observing it a.....
Tags : HP High Court, HP Urban Rent Control Amended Act
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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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Banks now able to authorise establishment of branch office of foreign entities(12.04.2016)
The Reserve Bank of India has empowered AD Cat-I Banks to grant approvals for establishment of Branch Offices, Liaison Offices and Projects Offices in.....
Tags : Foreign entity, branch office, bank
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Supreme Court to NCLT : Limit Power to Decide Intellectual Property Title Disputes under IBC(23.01.2026)
Supreme Court ruled that NCLT, while acting under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), has limited jurisdiction and cannot decid.....
Tags : National Company Law Tribunal, Jurisdiction, Insolvency and Bankruptcy Code
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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: Anti-Graft Act Covers All Pvt. Bank Staff Too(24.02.2016)
SC, in a move to expand scope of the Prevention of Corruption Act, has brought all private bank employees within the ambit of the anti-graft law, whic.....
Tags : SC, anti-graft law, Pvt. Bank
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Madras High Court Allows Plastic Ban in Tamil Nadu(12.07.2019)
Madras High Court while rejecting a batch of 37 litigations by different plastic bag and paper cup manufacturers has urged the State Government of Tam.....
Tags : Madras High Court, Plastic Ban
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Bombay HC Grants Interim Stay on Week-Long Ban on Care World TV Channel(09.11.2016)
Bombay High Court has granted interim stay on week-long Government ban on Care World TV Channel for allegedly showing objectionable content.
Tags : Bombay High Court, Care World TV Channel, ban
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CBIC Allows Export of Goods from Bangladesh to India by Rail in Closed Containers(20.05.2022)
Central Board of Indirect Taxes and Customs has allowed the export of goods from Bangladesh to India by rail in closed containers. The carrier will be.....
Tags : CBIC, Export, Indian Railway, Bangladesh
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Reserve Bank of India Keeps Lending Rate Unchanged in the Bi-Monthly Monetary Policy(06.08.2020)
Reserve Bank of India has come out with the Bi-Monthly Monetary Policy whereby the key lending rate has remained unchanged. The Committee has kept rep.....
Tags : Reserve Bank of India, Bi-Monthly Monetary Policy
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Customs preparations for returnees from Indian enclaves(18.11.2015)
The Central Board of Excise and Customs has appointed places as Land Customs Stations to clear baggage brought into the Indian mainland by those retur.....
Tags : Indian enclave, Bangladesh, customs
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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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Incognito visits to check banks’ customer service(16.02.2016)
The Reserve Bank of India is set to undertake incognito visits to bank branches to check the culture towards customer complaints in banks. It will als.....
Tags : Banks, Customer complaints, culture, charter
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SC Dismisses Plea Against Ban on Mics and Loudspeakers in Residential Areas(12.02.2019)
Supreme Court has rejected a plea by West Bengal BJP to set aside Calcutta High Court's 2013 order which had banned use of loudspeakers in residential.....
Tags : Supreme Court, Ban on Mics and Loudspeakers
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SC Stays NCLAT Order That Said Limitation Act Doesn’t Apply To Proceedings Under IBC(11.01.2018)
Supreme Court has stayed the order of the National Company Law Appellate Tribunal which said the provisions of the Limitation Act were not applicable .....
Tags : Supreme Court, Insolvency and Bankruptcy Code
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Supreme Court: Police May Freeze Bank Accounts under S.102 CrPC in Prevention of Corruption Cases(11.12.2025)
Supreme Court held that police or investigating agencies have the authority to freeze a person’s bank account under Section 102 CrPC (now Section 106 .....
Tags : Prevention of Corruption Act, Police, Bank Accounts
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RBI Permits Banks to Adjust Excess Pension(18.03.2016)
Reserve Bank of India (RBI) has allowed banks to adjust excess or wrongful payments to pensioners with their accounts. In case the entire amount could.....
Tags : Reserve Bank of India , Pension
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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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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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RBI Grants NBFCs More Power to Change Ownership in Stressed Firms(30.10.2015)
Reserve Bank of India (RBI) has allowed Non-Banking Finance Companies (NBFCs) to upgrade credit facilities extended to borrowing entities whose owners.....
Tags : Reserve Bank of India, Non-Banking Finance Companies
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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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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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Supreme Court Refuses Urgent Listing for Builders' Plea to Lift Construction Ban in Delhi(06.12.2021)
Supreme Court has turned down a plea made on behalf of a builders group for urgent listing of its plea to lift the blanket ban imposed on construction.....
Tags : Supreme Court, Builders' Plea to Lift Construction Ban in Delhi
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SC: Able-Bodied Husband Should Earn by Legitimate Means And Maintain His Wife And Minor Child(29.09.2022)
Supreme Court has held that husband is required to earn money even by physical labour, if he is an able-bodied, and must maintain his wife and minor c.....
Tags : Supreme Court, Husband, Maintain
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Officers of private bank punishable under POCA(23.02.2016)
Officers of a private bank, specifically its Chairman, Directors and other Officers are ‘public servants’ who can be prosecuted under the Prevention o.....
Tags : Prevention of corruption, bankers, public duty
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Ker HC: NDPS Case Stands Even if Contraband Listed in Ml, if Chemical Report Shows Equivalent Weight(11.11.2025)
Kerala High Court held that stating the quantity of contraband under the NDPS Act in millilitres instead of grams does not invalidate the case, as lon.....
Tags : Contraband, Chemical Report, Weight
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Centre Notifies Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021(29.01.2021)
Central Government has notified the Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021 which seeks to amend the Natio.....
Tags : Central Government, Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2021
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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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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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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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Reserve Bank of India imposes monetary penalty on Syndicate Bank(05.02.2019)
The Reserve Bank of India (RBI) has imposed, by an order dated January 30, 2019, a monetary penalty of Rs. 10 million on Syndicate Bank (the bank) for.....
Tags : Penalty, Imposition, Syndicate Bank
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Allahabad HC: Police Can Freeze Accounts on Suspicion; Affected Party May Seek Magistrate’s Relief(03.11.2025)
Allahabad High Court held that police can freeze bank accounts if suspicious transactions are found during investigation, while the affected party has.....
Tags : Suspicion, Bank Accounts, Investigation
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Rajasthan Passes Bills to Ease Land Acquisition(08.04.2016)
Rajasthan has passed the Rajasthan Urban Land (Certification Of Titles) Bill, 2016 and Rajasthan Land Pooling Schemes Bill, giving a landmark legislat.....
Tags : Rajasthan Urban Land (Certification Of Titles) Bill, 2016
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SC: Judgment in Pankaj Bansal v. Union of India Does Not Apply Retrospectively(18.12.2023)
Supreme Court has held that its judgment in the case Pankaj Bansal v. Union of India (MANU/SC/1076/2023; 2023/INSC/866) wherein it was held that ED mu.....
Tags : Supreme Court, Pankaj Bansal, Retrospective
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Bankruptcy, Insolvency Related Work To be Done By Department of Economic Affairs(07.01.2016)
The work relating to bankruptcy and insolvency has been taken out from the domain of Law Ministry and put under Department of Economic Affairs, a step.....
Tags : bankruptcy and insolvency , Department of Economic Affairs, Law Ministry
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Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2021(25.08.2021)
1. The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on Prudential Norms for Classifica.....
Tags : Master Directions, Investment Portfolio by Banks
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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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Bombay HC Denies to Take Petitions Challenging Beef Ban in State(17.11.2015)
Bombay High Court has denied to hear petitions challenging constitutional validity of beef ban legislation in Maharashtra after one of the judges recu.....
Tags : Bombay High Court, beef ban
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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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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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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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NGT Imposes Nationwide Ban on Use of Manja for Kite Flying(15.12.2016)
National Green Tribunal (NGT) has banned nylon and glass-coated cotton kite strings or manja across the country in view of its threat to humans, anima.....
Tags : National Green Tribunal, Ban , Manja
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Sectoral Deployment of Bank Credit - August 2023(28.09.2023)
Data on sectoral deployment of bank credit for the month of August 20231 collected from 40 select scheduled commercial banks, accounting for about 93 .....
Tags : Sectoral Deployment, Bank Credit, Highlights
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RBI Notifies P2P Lending Platforms as NBFCs(21.09.2017)
Reserve Bank of India has notified that Peer-to-Peer (P2P) lending platforms will fall under the ambit of a Non-Banking Financial Company (NBFC).
Tags : Reserve Bank of India, Non-Banking Financial Company
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Karnataka HC: Husband's Extra-Marital Partner Not Respondent in Domestic Violence Proceedings(29.06.2021)
Karnataka High Court has held that a wife cannot make the woman with whom her husband is having an illegal relationship as a respondent in the applica.....
Tags : Karnataka High Court, Husband's Extra-Marital Partner
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Bombay High Court Denies to Lift Beef Ban During Bakri Eid(22.09.2015)
Bombay HC has rejected to lift beef ban for 3 days, Sept 25-27 during Bakr-Eid, on several petitions filed by Muslim community, observing that grantin.....
Tags : Bombay High Court,Beef ban
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NGT Orders Sunderbans Mapping(21.12.2015)
National Green Tribunal (NGT) has directed Ministry of Environment and Forests to map the Sundarbans, marking out the three zones of transient, buffe.....
Tags : NGT , Sundarbans
read»
Del. HC: Wife Taking Recourse of Law Doesn’t Amount to Cruelty Against Husband(28.07.2023)
Delhi High Court has held that merely because estranged wife had taken recourse to law by initiating legal action before a court of law against husban.....
Tags : Delhi High Court, Cruelty, Husband
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RBI Allows Banks to Raise Funds Via Masala Bonds(04.11.2016)
Reserve Bank of India (RBI) has allowed banks to issue Rupee-Denominated Bonds, or Masala Bonds, in overseas market to shore up their capital base as .....
Tags : Reserve Bank of India , Masala Bonds
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SC Affirms Calcutta High Court's Ban on Sale & Bursting of Firecrackers in West Bengal(11.11.2020)
Supreme Court has affirmed the Calcutta High Court order banning the sale and bursting of firecrackers during Diwali, Chatt Puja, Kali Puja, etc. in t.....
Tags : Supreme Court, Ban on Firecrackers
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Banks’ implied duty of secrecy to its customers(25.01.2016)
The United Kingdom Court of Appeal in 1923 determined that the duty of confidentiality owed by a bank to its clients was not absolute. Rather, it was .....
Tags : Banker, duty to confidentiality, qualifications
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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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CIC: Records of Loans to Adani Groups Cannot be Disclosed under RTI(28.11.2016)
Central Information Commission (CIC) has held that records related to loans given to industries promoted by Gautam Adani cannot be disclosed as these .....
Tags : Central Information Commission, Gautam Adani , State Bank of India , Loans
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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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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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Del HC: Pattern of Marrying Rape Victim to Evade Charges & Later Abandoning her is Disturbing(06.07.2023)
Delhi High Court has observed that it is shocking that numerous cases have come to light where the accused deceitfully enters into a marriage under th.....
Tags : Delhi High Court, Rape Victim, Marriage, Abandon
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Issuance of Rs. 500 bank notes without inset letter, in the Mahatma Gandhi (New Series)(08.12.2016)
The Reserve Bank of India will shortly issue Rs. 500 denomination banknotes in the Mahatma Gandhi (New) Series, without any inset letter, bearing sign.....
Tags : Bank notes, Issuance, Inset Letter
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RBI Cancels Rs 9k crore T-bill Auction(28.01.2016)
Reserve Bank of India (RBI) has cancelled a Rs 9,000-crore auction of Government's 91-day Treasury Bills (T-bills) as it was not willing to accede to .....
Tags : Reserve Bank of India, T-bills
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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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MP HC Upholds Order Directing Husband to Maintain Wife and Kids, Citing His Liability Shirking(23.09.2025)
Madhya Pradesh High Court dismissed a man’s plea challenging a family court’s maintenance order for his wife and children. The court noted the husband.....
Tags : Liability, Husband, Maintenance
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Bombay HC: BMC Ban on Footpath Cooking via Gas/Grill Doesn’t Apply to Vendors Using Induction(05.11.2025)
Bombay High Court ruled that the BMC’s 2018 circular banning cooking on footpaths using gas, stoves, or grills doesn’t apply to vendors using inductio.....
Tags : Ban, Footpath, Vendors
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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 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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SC Upholds Arbitration Award in Favour of Anil Ambani Group Firm(10.09.2021)
Supreme Court has upheld a 2017 arbitration award worth over Rs 2,782 crores along with further interest in favour of Anil Ambani group firm, Delhi Ai.....
Tags : Supreme Court, Anil Ambani Group Firm
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RBI Cut Repo Rate by 50 bps(29.09.2015)
Reserve Bank of India (RBI) has cut its repo rate by 50 basis points to 6.75%, while keeping the Cash Reserve Ratio (CRR) unchanged at 4%. This was fo.....
Tags : Reserve Bank of India, Repo Rate
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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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Bombay HC Rejects Review Petition Filed by Victoria Owners(04.04.2017)
Bombay High Court has dismissed the review petition filed by horse carriage owners calling for the Victoria ban to be overturned.
Tags : Bombay High Court, Victoria Ban
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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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Odisha AAR: 18%GST Applicable on Construction of Faculty Quarters in IIT, Bhubaneshwar(29.12.2020)
Odisha Authority of Advance Ruling (AAR) has ruled that 18% Goods and Services Tax applicable on the construction of the Director’s Bungalow and the c.....
Tags : Odisha Authority of Advance Ruling, Construction of Faculty Quarters in IIT, Bhubaneshwar
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RBI signs MoU on "Supervisory Cooperation and Exchange of Supervisory Information" with the Central Bank of UAE(19.10.2015)
Reserve Bank of India signed a Memorandum of Understanding with the Central Bank of UAE. The agreement is hoped to increase supervisory co-operation b.....
Tags : Rbi, central bank, uae, cooperation
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Finance Minister Introduces Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021(27.07.2021)
Finance Minister Nirmala Sitharaman has introduced the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, which amends the Insolvency and Ban.....
Tags : Finance Minister, Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021
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NGT Forms Committee to Check Pollution in Delhi During Functions at Banquets, Hotels(14.11.2018)
National Green Tribunal has formed a committee to stop activities that lead to degradation of the environment due to functions at banquet halls, farmh.....
Tags : NGT, Banquets
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SC 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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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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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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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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No Right with Bank Employee to be Associated with Decision Making Process for Fixation Of Salary: SC(13.02.2019)
Supreme Court has observed that the employee of a Bank has no right that he should be associated with the decision-making process in respect of the fi.....
Tags : Supreme Court, Bank Employee, Fixation Of Salary
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All. HC to State: Upload OBC Commission's Report on its Website in 4 Days(07.04.2023)
Allahabad High Court has directed State government to upload on its website the report prepared by the dedicated Uttar Pradesh Backward Classes Commis.....
Tags : Allahabad High Court, OBC Commission, Report, Urban Local Body
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Highway Booze Ban: SC Refuses to Stay Denotification of Highways in Punjab(04.07.2017)
Supreme Court has declined to stay Punjab government’s recent declassification of state highways saying 'driving within city is different from outside.....
Tags : Highway Liquor Ban, Supreme Court
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Kerala High Court: No Need to Interfere With New Rules on Cattle Slaughter Ban(01.06.2017)
Kerala High Court has said that there is no need for it to interfere with new rules proposing ban on cattle slaughter as it doesn't violate the Consti.....
Tags : Kerala High Court, Cattle Slaughter Ban
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Inclusion of "India Post Payments Bank Limited" in the Second Schedule of the Reserve Bank of India Act, 1934(03.07.2019)
We advise that the "India Post Payments Bank Limited" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notificatio.....
Tags : Post Payments, Bank, Inclusion
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RBI Revises Norms for 'When issued' Security(11.12.2015)
Reserve Bank of India (RBI) in order to encourage trading in ‘When Issued’ transactions in government securities, has allowed banks to take short posi.....
Tags : Reserve Bank of India , ‘When Issued’ transactions
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SC: Appeal Under IBC is Valid Only if it is Initiated Within 30 days From Date of Order(17.05.2022)
Supreme Court has ruled that an appeal under the Insolvency and Bankruptcy Code, 2016 (IBC) is only acceptable if it is filed within 30 days from the .....
Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016, 30 days, National Company Law Tribunal
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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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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: 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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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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MP High Court: Estranged Husband Entitled to Loss of Consortium Compensation After Wife’s Death(14.11.2025)
Madhya Pradesh High Court awarded compensation for loss of consortium to a man after his wife’s death in a road accident, even though they were living.....
Tags : Estranged Husband, Compensation, Death
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RBI Asks Banks to Extend loans to Women SHGs at 7 % Rate(22.01.2016)
Reserve Bank of India (RBI) has asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the Nati.....
Tags : Reserve Bank of India, Women Self-Help Group
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Supreme Court Upholds RBI Regulations for Export Ban on PPE Kits(07.12.2021)
Supreme Court has upheld the measures adopted by the Reserve Bank of India to implement the ban imposed by the Union Government on the export of Perso.....
Tags : Supreme Court, RBI Regulations for Export Ban on PPE Kits
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Ker. HC: Can’t Invoke Writ Against Decisions of Lender/Banker Unless There is Compelling Reason(06.11.2023)
Kerala High Court has held that Court, in exercise of its jurisdiction under Article 226 cannot replace the wisdom of lender/banker in the process of .....
Tags : Kerala High Court, Lender/Banker, Writ Jurisdiction, Compelling Reason
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MRTP/ COMPETITION LAWS - CCI Clears SoftBank’s 22.44% Stake Buy in Delhivery(28.02.2019)
Competition Commission of India (CCI) has said it has approved acquisition of 22.44 % stake in logistics firm Delhivery by SoftBank Vision Fund.
Tags : Competition Commission of India, Delhivery, SoftBank Vision Fund
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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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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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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: Courts Should Refrain from Interfering With Invocation of Bank Guarantee Except in Cases of Fraud(08.05.2025)
Supreme Court has observed that it is well established that Courts should refrain from interfering with the invocation of a bank guarantee except in c.....
Tags : Supreme Court, Bank Guarantee, Fraud
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UK HC: Anil Ambani’s Evidence in Case Filed by Chinese Banks Incomplete(17.12.2019)
United Kingdom High Court has termed the evidence provided by Reliance Communications chairman Anil Ambani as “inexplicably incomplete, implausible an.....
Tags : UK HC, Anil Ambani
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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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What Protection is Available to a Depositor if Bank Fails: Delhi High Court asks Centre(09.10.2018)
Delhi High Court has asked Centre that what is the protection available to customers having deposits of over Rs 1 lakh if a bank fails and said that i.....
Tags : Supreme Court, Banks
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Del. HC: Wife Earning is Not an absolute Bar To Receiving Maintenance From Husband(05.12.2023)
Delhi High Court while observing that the obligation of the husband to provide maintenance is on a higher pedestal than the wife, has held that the me.....
Tags : Delhi High Court, Maintenance, Husband
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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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Insolvency and Bankruptcy Bill, 2015(09.11.2015)
The Ministry of Finance has placed the draft Insolvency and Bankruptcy Bill, 2015 on its website and is receiving comments on it till 19 November 2015.....
Tags : Bankruptcy, insolvency, draft, bill, 2015, report
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Health Ministry permits transfer of blood between Blood Banks(19.10.2015)
To utilise its blood banks better and reduce scarcity, the Ministry of Health and Family Welfare has permitted transfer of blood from one bank to anot.....
Tags : Health, blood, bank, transfer, plasma
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Bombay HC: Wife Best Suited to be Guardian of a Husband in Vegetative State(31.08.2020)
Bombay High Court has held that in a marriage, husband and wife are equal partners and the wife is best suited to be the guardian of her husband who i.....
Tags : Bombay High Court, Guardian of a Husband in Vegetative State
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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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Delhi HC Issues Notice to UOI on Women Plea Seeking Information on Missing Husband(17.08.2021)
Delhi High Court has issued notice to the Union of India on the woman's plea seeking verified information about her husband's whereabouts and repatria.....
Tags : Delhi High Court, Information on Missing Husband
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Issue of Rs. 20 banknotes without inset letter and intaglio printing(29.12.2016)
The Reserve Bank of India will shortly issue Rs. 20 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number .....
Tags : Rs. 20 banknotes, Issuance, Without inset letter
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Allahabad HC Dismisses Husband's Plea to Quash FIR Filed for Causing Injuries to Wife(14.10.2020)
Allahabad High Court has dismissed a plea filed by the husband to quash the First Information Report under Section 307 of the Indian Penal Code, 1860 .....
Tags : Allahabad High Court, Dismissal of FIR, Injuries to Wife by Husband
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Invocation of bank guarantee restricted only for fraud and irretrievable injustice(02.11.2015)
The Delhi High Court allowed an appeal against an order restraining the encashment of a bank guarantee by the Appellant. It noted that as per preceden.....
Tags : Bank guarantee, prejudice, future success
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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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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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NGT Raps Vrindaban Authorities over Reckless Dumping of Municipal Waste(30.09.2015)
National Green Tribunal (NGT) while taking note of reckless dumping of municipal waste in Vrindavan, has rapped civic authorities and directed removal.....
Tags : National Green Tribunal, Vrindaban Authorities
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RBI issues Directions to the City Co-operative Bank Ltd., Mumbai, Maharashtra(18.04.2018)
The Reserve Bank of India (vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018) has placed The City Co-operative Bank Ltd., Mumbai.....
Tags : Direction, Issuance, Bank
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RBI Revises Rules for Resolution of Stressed MSME Loans(18.03.2016)
Reserve Bank of India (RBI) has revised rules pertaining to revival of advances to small businesses and asked lenders to form district-level committee.....
Tags : Reserve Bank of India , MSME
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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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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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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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Reserve Bank Asks to Replace 17.5 Lakh Debit Cards(20.10.2016)
Reserve Bank of India (RBI) has asked banks to replace debit cards whose security is suspected to have been compromised after being used in some Autom.....
Tags : Reserve Bank of India, Automated Teller Machines
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RBI Rejects Demand of Online Merchants to Store Customers’ Credit Card Data(26.02.2021)
Reserve Bank of India has rejected the demand of top online merchants like Amazon, Microsoft, Netflix, Flipkart and Zomato to store customers’ credit .....
Tags : Reserve Bank of India, Customers’ Credit Card Data
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HP High Court Denies Bail to Husband Accused of Posting Nudes of Wife(29.10.2020)
Himachal Pradesh High Court has denied the benefit of Anticipatory Bail to a Husband accused of posting and uploading nude photographs of his wife in .....
Tags : Himachal Pradesh High Court, Husband Accused of Posting Nudes of Wife
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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 Issues Gold Bonds Operational Guidelines(05.11.2015)
Reserve Bank has issued operational guidelines for Sovereign Gold Bonds, 2015-16 and mandated some operational procedures for Commercial banks and pos.....
Tags : Reserve Bank of India, Commercial banks , post offices, Gold Bonds Operational Guidelines
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RBI Relaxes Reporting Requirement of NEFT Transactions(18.03.2016)
Reserve Bank of India (RBI) has said it is discontinuing provision where banks had to submit data pertaining to NEFT (National Electronic Fund Transfe.....
Tags : Reserve Bank of India, NEFT Transactions
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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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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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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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A statutory provision does not bind the Crown save by express words or “necessary implication”(19.12.2017)
The issue in present case is whether the Crown is bound by the prohibition of smoking in most enclosed public places and workplaces, contained in Chap.....
Tags : Smoking, Ban, Provision
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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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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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Govt.: MUDRA Not to Regulate Micro Finance Institutions (MFIs)(18.01.2016)
Government has said that Reserve Bank of India would continue to regulate MFIs registered as Non-Banking Finance Companies (NBFCs) with central bank. .....
Tags : Government ,R eserve Bank of India , MFIs, MUDRA
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RBI Implements ‘Positive Pay’ System for Cheque Transactions(31.12.2020)
Reserve Bank of India (RBI) has implemented ‘Positive Pay’ system for cheque transactions above Rs 50,000, to enhance security and reduce instances of.....
Tags : Reserve Bank of India, Positive Pay System
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First Time Dispute in Reply of Demand Notice Doesn't Constitute Pre Existing Dispute Under IBC: NCLAT(30.11.2018)
National Company Law Appellate Tribunal has held that a dispute raised for the first time in reply to demand notice or in response to Adjudicating Aut.....
Tags : NCLAT, Insolvency and Bankruptcy Code
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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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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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NCDRC: Bank Liable for Fraudulent Online Transaction if Account Holder's Fault Not Proved(11.01.2021)
National Consumer Disputes Redressal Commission (NCDRC) has held that in case of fraudulent transactions leading to withdraw of money from a person's .....
Tags : National Consumer Disputes Redressal Commission, Fraudulent Online Banking Transaction
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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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CIVIL - IBC Reigns Supreme Over Other Civil Laws: Delhi High Court(25.02.2019)
Delhi High Court has upheld supremacy of Insolvency and Bankruptcy Code (IBC) over other civil laws such as those of contracts and guarantees and said.....
Tags : Delhi High Court, Insolvency and Bankruptcy Code, IBC
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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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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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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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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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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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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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RBI: No Foreign Exchange Act Action against Declarant for Disclosure Under Black Money Window(01.10.2015)
Reserve Bank of India (RBI) has said no action under FEMA will be taken against declarations under one-time black money compliance window. RBI has alr.....
Tags : Reserve Bank of India ,FEMA ,black money compliance window
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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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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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Deepak Singhal Takes Over as RBI Executive Director(04.11.2015)
Deepak Singhal has taken over as new Executive Director at the Reserve Bank of India (RBI).
Tags : Reserve Bank of India
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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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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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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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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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Import-export payments facilitated by OPGSP(24.09.2015)
Reserve Bank of India has permitted AD Category-1 banks to offer the facility of repatriating import related remittances, in respect of import of good.....
Tags : Bank, import, remittance, online payment
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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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Supreme Court Dismisses Plea Against Bangladeshi Migrants(03.04.2017)
Supreme Court has junked a PIL seeking action against illegal Bangladeshi migrants whose influx has affected the sovereignty and integrity of the coun.....
Tags : Supreme Court, Bangladeshi migrants
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CIVIL - Sikkim HC Stays Bandh Called by Sikkim Krantikari Morcha(27.02.2019)
Sikkim High Court has barred, in an interim order, state's opposition party, Sikkim Krantikari Morcha (SKM), from going ahead with its proposed bandh .....
Tags : Sikkim High Court, Bandh Called by Sikkim Krantikari Morcha
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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 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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Karnataka HC: Bike Taxi Business Protected under Article 19(1)(G); State Can Regulate But Not Ban(27.01.2026)
Karnataka High Court upheld the right of taxi aggregators to operate bike taxis, ruling that it is a legitimate business protected under Article 19(1).....
Tags : Bike Taxi, Blanket Ban, State
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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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Allahabad High Court Prohibits Raising of Banners and Posters in Court Premises(12.02.2020)
Allahabad High Court has prohibited the raising of banners and posters in the Court premises, during elections to the High Court Bar Association, keep.....
Tags : Allahabad High Court, Raising of Banners and posters in Court Premises
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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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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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RBI Allows NRIs to Investment in National Pension Schemes(30.10.2015)
Reserve Bank of India (RBI) has allowed Non-Resident Indians (NRIs) to subscribe to pension scheme, which is governed, administered by Pension Fund Re.....
Tags : Reserve Bank of India, Non-Resident Indians, National Pension Schemes
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Sectoral Deployment of Bank Credit(31.10.2019)
Data on sectoral deployment of bank credit collected from select 39 scheduled commercial banks, accounting for about 90 per cent of the total non-food.....
Tags : Sectoral Deployment, Bank Credit, Data
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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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RBI: Now Withdraw Rs 50,000/Week From Your Saving Accounts(21.02.2017)
Reserve Bank of India (RBI) has enhanced withdrawal limit on saving accounts from February 20, 2017 to Rs 50,000 per week.
Tags : Reserve Bank of India, withdrawal limit
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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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ITAT: Deduction of Compensation for Breach of Contract Can’t be Allowed Based Only on Bank Statement(13.07.2022)
Income Tax Appellate Tribunal (ITAT), Pune Bench has held that deduction of compensation paid for breach of contract cannot be allowed based on bank s.....
Tags : ITAT, Contract, Bank Statement
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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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Award for outstanding writings in the field of Banking Hindi(16.10.2017)
With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched an 'Award scheme for outstanding writings.....
Tags : Outstanding writings, Banking Hindi, Award
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SC: 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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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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Causing Loss of Rs. 38K, Bank Peon’s Conviction Upheld by SC After 24 Years(04.10.2018)
Supreme Court has upheld the conviction of bank’s peon after 24 Years, who doubled as cash clerk due to shortage of staff, for corruption and causing .....
Tags : Supreme Court, Bank Peon
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Centre Appoints Delhi HC Judge Justice Dinesh Kumar Sharma as Presiding Officer of UAPA Tribunal(06.10.2022)
Central Government has appointed Delhi High Court judge Justice Dinesh Kumar Sharma as the Presiding Officer of the Unlawful Activities (Prevention) T.....
Tags : Central Government, UAPA, PFI Ban
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RBI Extends Debt, Currency Trading Hours from November 9(03.11.2020)
Reserve Bank of India has announced phased restoration of trading hours for various debt as well as currency market from 9th November, 2020.
Tags : Reserve Bank of India, Restoration of Trading hours
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RBI Includes Bandhan Bank in Second Schedule List(06.11.2015)
Reserve Bank of India (RBI) has said that Bandhan Bank is now included in the second schedule list, making it eligible for loans from the central bank.....
Tags : Reserve Bank of India , Bandhan Bank
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Order of moratorium in respect of the Lakshmi Vilas Bank Limited(17.11.2020)
1. In exercise of the powers conferred by sub-section (2) of section 45 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, afte.....
Tags : Moratorium, Lakshmi Vilas bank, Proceedings
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RBI 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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RBI Says No Fresh Permission to Foreign Law Firms for Liaison Office(30.10.2015)
Reserve Bank of India (RBI) has said it would not grant fresh or renewed permission to any foreign law firm to open a liaison office in the country.
Tags : Reserve Bank of India, Foreign Law Firms
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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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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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CIVIL - IBC Reigns Supreme Over Other Civil Laws: Delhi High Court(25.02.2019)
Delhi High Court on Friday upheld the supremacy of Insolvency and Bankruptcy Code (IBC) over other civil laws such as those of contracts and guarantee.....
Tags : Delhi High Court, Insolvency and Bankruptcy Code, IBC
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Rajya Sabha Passes Insolvency and Bankruptcy Code (Amendment) Bill, 2019(30.07.2019)
Rajya Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2019. This Bill if passed will , ease the process of corporate restructuri.....
Tags : Rajya Sabha, Insolvency and Bankruptcy Code (Amendment) Bill, 2019
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IBBI Clarifies Disciplinary Committee May Impose Monetary Penalty(30.07.2021)
Insolvency and Bankruptcy Board of India (IBBI) has issued a circular wherein it was clarified that the Disciplinary Committee of an Insolvency Profes.....
Tags : Insolvency and Bankruptcy Board of India, Disciplinary Committee, Monetary Penalty
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RBI Clears Way for Mergers and Acquisitions in Banking Industry(20.11.2015)
Reserve Bank of India (RBI) has said that it permit promoters/investors to own more than 10% if applicant meets certain conditions including if `it is.....
Tags : Reserve Bank of India, Mergers and Acquisitions in Banking Industry
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Supreme Court: Non Production of Entire Contraband is no Ground for Acquittal by Itself(30.09.2019)
Supreme Court has ruled that non-production of contraband material by itself is not a ground for acquittal in case its seizure is otherwise proved. Th.....
Tags : Supreme Court, Contraband
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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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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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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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SC Dismisses Two Officials for Tampering With Order Directing Personal Appearance of Anil Ambani(14.02.2019)
Supreme Court has summarily dismissed two court masters- Manav Sharma and Tapan Kumar Chakraborty- for tampering with the January 7 order directing pe.....
Tags : Supreme Court, Anil Ambani
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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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Kerala HC: Civil Courts Cannot Grant Injunctions in NCLT Matters and Such Orders Can Be Set Aside(17.12.2025)
Kerala High Court reiterated that civil courts lack jurisdiction over matters within the exclusive domain of the NCLT, holding that injunctions grante.....
Tags : Civil Courts, Injunctions, Insolvency and Bankruptcy Code
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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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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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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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Linking of SWIFT to the Core Banking System(22.03.2018)
Department of Economic Affairs has apprised that in pursuance to the announcement made in the Budget Speech 2018-19 (para 75), a Steering Committee on.....
Tags : SWIFT, Linking, Banking System
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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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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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Reserve Bank of India imposes monetary penalty on Federal Bank Limited(03.10.2018)
The Reserve Bank of India (RBI) has imposed, by an order dated September 25, 2018, a monetary penalty of Rs. 50 million on Federal Bank Limited (the b.....
Tags : Penalty, Federal bank, Imposition
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Guj. HC: Banners of Committees Become Immaterial, When Citizens are Permitted to Celebrate Festivals(10.10.2022)
Gujarat High Court has held that what is important is that the festivals are allowed to be celebrated, and it is immaterial under whose banner the sam.....
Tags : Gujarat High Court, Festivals, Banners
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Delhi HC Put Stay on Corex Ban(15.03.2016)
Delhi High Court has put stay order to drug maker Pfizer against a ban imposed by Health Ministry on its popular cough syrup Corex.
Tags : Delhi High Court, Corex Ban
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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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Plastic ban: Madras High Court Says Authorities can Seize Only 14 Items Listed in Government Order(11.01.2019)
Madras High Court has directed government officials in Tamil Nadu not to seize plastic products other than the 14 items listed in the June 25, 2018 go.....
Tags : Madras High Court, Plastic Ban
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Wife Not Personal Possession, Husband Cannot be Guardian, Supreme Court Tells Hadiya(29.11.2017)
Wife Not Personal Possession, Husband Cannot be Guardian, Supreme Court Tells Hadiya
Tags : When the bench asked Hadiya to name any relative or any near acquaintance to be named as her local guardian in college at Salem in Tamil Nadu, she said her husband could be her guardian and she does not want anyone else in that role.
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RBI: Aadhaar is Not Mandatory for DBT Scheme(15.01.2016)
Reserve Bank of India (RBI) has said in a clarification on Direct Benefit Transfer (DBT) Scheme that use of Aadhaar cards and seeding of bank accounts.....
Tags : Reserve Bank of India, Direct Benefit Transfer, Aadhaar
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Apex Court Directs Bank to Compensate School who Lost Money in Online Banking Fraud(20.12.2019)
Apex Court has directed a Bank to give compensation of Rs 25 Lakhs to a school whose money from the bank account was siphoned out by the miscreants. T.....
Tags : Apex Court, Online Banking
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Madras HC Directs State to Ensure IIT Campus Does Not Become Dumping Ground for Abandoned Dogs(20.09.2021)
Madras High Court has directed the State of Tamil Nadu to ensure that IIT Madras Campus does not become a dumping ground for abandoned dogs and to tak.....
Tags : Madras High Court, Dumping Ground for Abandoned Dogs
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Inclusion of "Capital Small Finance Bank Limited" in the Second Schedule to the Reserve Bank of India Act, 1934(16.02.2017)
We advise that the "Capital Small Finance Bank Limited" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notificat.....
Tags : Inclusion, Bank, Second Schedule, Act
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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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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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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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Kerala HC Dismisses Plea to Ban Organ Donation Even to Save Life(13.02.2019)
Kerala High Court has dismissed a Public Interest Litigation filed by a lawyer seeking prohibition of donation of organs such as liver, kidneys, heart.....
Tags : Kerela High Court, Ban Organ Donation
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Delhi Court Grants Interim Bail for 6 Months to Umar Khalid, Anirban Bhattacharya(18.03.2016)
Delhi Court has granted bail to Jawaharlal Nehru University students Umar Khalid and Anirban Bhattacharya who have been accused of raising anti-nation.....
Tags : Delhi Court , Umar Khalid, Anirban Bhattacharya
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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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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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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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Lending and Deposit Rates of Scheduled Commercial Banks - November 2023(30.11.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the mo.....
Tags : Lending rates, Deposit Rates, Commercial Banks
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SC: PF Can’t be Withheld Without Proving Actual Loss Caused by Employee(09.11.2023)
Supreme Court has held that as per Punjab National Bank (Officers’) Service Regulations, 1979 bank could withhold the Provident Fund (PF) amount only .....
Tags : Supreme Court, Provident Fund, Punjab National Bank
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Delhi HC Seeks ICICI’s Response on Plea Alleging Lack of Accessibility Standards for PWDs(02.07.2025)
Delhi High Court has sought response from ICICI Bank Limited in a plea alleging lack of accessibility standards for persons with disabilities (PWDs) i.....
Tags : Delhi High Court, ICICI Bank Limited, Digital Banking Services
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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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Will Not Allow Hadiya’s Husband to Meet Her, Says Hadiya’s Guardian and College Principal(29.11.2017)
Will Not Allow Hadiya’s Husband to Meet Her, Says Hadiya’s Guardian and College Principal
Tags : The Supreme Court ordered the college administration to treat Hadiya like any other student and as per hostel rules, but remained silent on whether Shafin Jehan, Hadiya’s husband, or her parents would be allowed to meet her while she completes her studies.
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Supreme Court: 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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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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Bombay High Court: HDIL, its Promoters have to Repay Loan to PMC Bank(20.12.2019)
Bombay High Court has observed that HDIL and its promoters will have to repay their loan to crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank a.....
Tags : Bombay High Court, PMC Bank
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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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Allahabad HC: Provisional Attachment of Bank Accounts not Allowed Solely on GST Show Cause Notice(26.09.2025)
Allahabad High Court held that provisional attachment of bank accounts cannot be made solely based on the issuance of a show cause notice under Sectio.....
Tags : Attachment, Bank Accounts, GST, Show Cause Notice
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MP High Court Dismisses Shah Bano’s Daughter’s Plea, Rules ‘Haq’ Movie is Fiction(06.11.2025)
Madhya Pradesh HC dismissed Shah Bano’s daughter’s plea against the release of ‘Haq’, noting the film is fictional, based on the book ‘Bano: Bharat Ki.....
Tags : Shah Bano, Movie, Fiction
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CCI approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in Max Life Insurance Company Limited(21.01.2021)
The Competition Commission of India (CCI) approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in .....
Tags : Acquisition, Approval, Bank
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Supreme Court Grants Time to Gujarat For Action Report Against Cops in Bilkis Bano Case(29.11.2017)
Supreme Court Grants Time to Gujarat For Action Report Against Cops in Bilkis Bano Case
Tags : The Supreme Court bench, however, made it clear that the separate plea, seeking enhancement of compensation to be awarded to Bilkis Bano, would be taken up next week for hearing.
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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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Cabinet approves acquisition of subsidiary banks of State Bank of India(15.02.2017)
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the acquisition by the State Bank of India of its subsidiary banks na.....
Tags : Acquisition, Subsidiary banks, Approval
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Bombay High Court Refuses to Stay RBI Scheme for Lakshmi Vilas Bank Merger with DBS Bank(27.11.2020)
Bombay High Court has rejected a prayer for ad-interim stay on Reserve Bank of India's amalgamation scheme for the merger of Lakshmi Vilas Bank with t.....
Tags : Bombay High Court, Lakshmi Vilas Bank Merger with DBS Bank
read»
RBI 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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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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RBI Revises SDR Norms(26.02.2016)
Reserve Bank of India (RBI) has asked banks going in for Strategic Debt Restructuring (SDR) scheme to make sufficient provisions to the tune of 15 per.....
Tags : Reserve Bank of India , Strategic Debt Restructuring
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NCLAT: Pre-COVID Defaults do not Exempt Debtors From Insolvency Proceedings(10.11.2025)
National Company Law Appellate Tribunal (NCLAT) New Delhi upheld the initiation of CIRP against Majestic Hotels Ltd., holding that defaults before the.....
Tags : Insolvency and Bankruptcy Code, COVID-19, suspension
read»
ITAT, Delhi Deletes Adjustments of TPO on AMP Expenses of Ray-Ban(27.01.2021)
Income Tax Appellate Tribunal (ITAT), Delhi has given relief to Ray-Ban deleting the adjustments made by the Transfer Pricing Officer (TPO) on account.....
Tags : Income Tax Appellate Tribunal, Ray-Ban
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RBI Signs MOU on Information Exchange With Bank of Zambia(16.02.2017)
Reserve Bank of India has inked an information exchange pact with Bank of Zambia aimed at forging greater cooperation.
Tags : Reserve Bank of India, Bank of Zambia
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SC Criticizes Punjab National Bank for Settling With Borrower Post-Auction of Secured Property(12.09.2025)
Supreme Court reprimanded Punjab National Bank for settling with a borrower after auctioning the property. The bench directed PNB to issue the final s.....
Tags : Punjab National Bank, Auction, Secured Property
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RBI Simplifies Gold Monetisation Scheme(22.01.2016)
Reserve Bank of India (RBI) has simplified Gold Monetisation Scheme (GMS) for bulk depositors, in order to help temple boards to do so and also allowe.....
Tags : Reserve Bank of India , Gold Monetisation Scheme
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National Bank for Financing Infrastructure and Development (Removal of Difficulties) Order, 2021(01.12.2021)
In exercise of the powers conferred by sub-section (1) of section 46 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 o.....
Tags : National Bank, Financing Infrastructure, Order, 2021
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Kerala HC Allows Woman Separated from Husband to Terminate 21-Week Pregnancy(27.09.2022)
Kerala High Court while permitting a woman claiming to be separated from her allegedly abusive husband to terminate her 21-week-old pregnancy, has hel.....
Tags : Kerala High Court, Termination of Pregnancy, Husband’s Consent
read»
PROPERTY - Civil Suit for Land that is Subject to Proceedings Under Urban Land Ceiling Act Not Maintainable: SC(27.02.2019)
Supreme Court has held that a Civil Court has no jurisdiction to try civil suit in relation to land which is subject to ceiling proceedings under Urba.....
Tags : Supreme Court, Urban Land Ceiling Act
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Supreme Court Asks Air Quality Commission to Decide on Lifting Construction Ban(10.12.2021)
Supreme Court has granted liberty to the Commission for Air Quality Management in National Capital Regions to take a decision on the lifting the ban o.....
Tags : Supreme Court, Lifting Construction Ban
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Sectoral Deployment of Bank Credit - September 2023(31.10.2023)
Data on sectoral deployment of bank credit for the month of September 20231 collected from 40 select scheduled commercial banks, accounting for about .....
Tags : Sectoral Deployment, Bank Credit
read»
CRIMINAL - Pulwama Terror Attack Remarks: Gauhati HC Grants Interim Anticipatory Bail to Papri Banerjee(05.03.2019)
Gauhati High Court has granted interim anticipatory bail to Papri Banerjee, Assistant Professor at Icon College, accused of posting a controversial co.....
Tags : Gauhati High Court, Papri Banerjee, Pulwama Terror Attack
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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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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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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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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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Lending and Deposit Rates of Scheduled Commercial Banks - September 2023(28.09.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of Septe.....
Tags : Scheduled Commercial Banks, Lending Rates, Deposit Rates
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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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SAT Refuses Relief to Axis Bank in Karvy Case, Asks it to Approach SEBI(18.12.2019)
Securities Appellate Tribunal has refused relief to Axis Bank in the Karvy case. The private lender had approached the Tribunal seeking the shares ple.....
Tags : SAT, Axis Bank
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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 Releases Draft MDR Norms(17.02.2017)
Reserve Bank of India (RBI) has released draft norms for revamping Merchant Discount Rate (MDR), with an aim to make it more cost effective and appeal.....
Tags : Reserve Bank of India, Merchant Discount Rate
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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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Reserve Bank of India Lifts Restrictions on Catholic Syrian Bank on Opening Branches(15.01.2020)
Reserve Bank of India has lifted a restriction that was imposed on the Catholic Syrian Bank for opening new branches, given the delayed initial public.....
Tags : Reserve Bank of India, Catholic Syrian Bank
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Bombay High Court Sets Aside Liquor Ban For Civic Polls(20.02.2017)
Bombay High Court has set aside ban on sale of liquor in Thane district on February 19 evening for civic elections.
Tags : Bombay High Court, Thane district, Liquor Ban
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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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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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Supreme Court: All Petitions on Beef Ban In M’rashtra Must Be Listed Before One Bench(21.11.2017)
Supreme Court has said that all petitions relating to beef ban in Maharashtra should be listed before one bench only and sent the batch of pleas to be.....
Tags : Supreme Court, Beef Ban
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SC: Courts Should Refrain from Interfering With Invocation of Bank Guarantee Except in Cases of Fraud(08.05.2025)
Supreme Court has observed that it is well established that Courts should refrain from interfering with the invocation of a bank guarantee except in c.....
Tags : Supreme Court, Bank Guarantee, Fraud
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Madras HC Says No to Banners on Jayalalithaa Birth Anniversary(14.02.2019)
Madras High Court has refused to permit two AIADMK district office bearers to erect digital banners in view of former Chief Minister J Jayalalithaa’s .....
Tags : Madras High Court, Banners on Jayalalithaa Birth Anniversary
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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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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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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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RBI Stop to Barter Trade on Indo-Myanmar Border(06.11.2015)
Reserve Bank of India (RBI) has decided to officially stop barter system, which is trading of goods without exchange of money, at Indo-Myanmar border......
Tags : Reserve Bank of India , Barter Trade , Indo-Myanmar Border
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RBI Directs Banks Not to Grant/Renew Permissions to Foreign Law Firms for Opening Liaison Offices(24.11.2020)
Reserve Bank of India has directed the banks not to grant fresh permissions/ renewal of permission to any foreign law firm for opening of Liaison Offi.....
Tags : Reserve Bank of India, Permissions to Foreign law Firms
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RBI 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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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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NCLAT: Contract Termination for Performance Default Not Barred by CIRP Moratorium(10.11.2025)
NCLAT, New Delhi, held that terminating a contract for long-standing performance defaults does not breach Section 14 of the Insolvency and Bankruptcy .....
Tags : Insolvency and Bankruptcy Code, Contract, Performance
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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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Patna HC Notices Bihar Govt Over Proposed Human Chain Programme(19.01.2017)
Patna High Court has directed Bihar Government to reply on school children being roped in for proposed human chain programme in support of prohibition.....
Tags : Patna High Court , Human Chain Programme, Liquor Ban
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Prompt Corrective Action (PCA) Framework(26.02.2019)
The Board for Financial Supervision (BFS), in its meeting held on February 26, 2019 reviewed the performance of banks under PCA and noted that the Gov.....
Tags : Banks, Performance, Review
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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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Delhi HC Grants Bail to Yes Bank's Former MD Rana Kapoor in Money Laundering Case(25.11.2022)
Delhi High Court has granted bail to Yes Bank co-founder Rana Kapoor in a money laundering case being probed by Enforcement Directorate with regard to.....
Tags : Delhi High Court, Bail, Yes Bank
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SC Seeks Centre's Response on Plea Against Blanket Ban on Blood Donation by Transgenders(05.03.2021)
Supreme Court has sought response from the Central Government on a writ petition challenging the blood donor guidelines in so far as they impose a bla.....
Tags : Supreme Court, Blanket Ban on Blood Donation by Transgenders
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Bombay High Court Scraps 97 of 99 Allotments Under Urban Land Ceiling Norms(16.03.2017)
Bombay High Court has scrapped 97 of 99 allotments made between 1990 and 2007 of land declared surplus under Urban Land Ceiling Act (ULCA) in Nagpur.
Tags : Bombay High Court, Urban Land Ceiling Act
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RBI Imposes Rs 27-Crore Penalty on 13 Banks for FEMA Violations(28.07.2016)
Reserve Bank of India (RBI) has penalized 13 banks and slapped a fine of Rs 27 crore for violation of Foreign Exchange Management Act (FEMA) provision.....
Tags : Reserve Bank of India , FEMA, banks
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Reserve Bank of India Lifts All Limit on Cash Withdrawals(14.03.2017)
Reserve Bank of India has lifted all limits on cash withdrawals from banks and ATMs.
Tags : Reserve Bank of India, cash withdrawals
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Del. HC: Law Doesn’t Permit Husband to Take Wife's Household Articles Without Her Consent(04.01.2023)
Delhi High Court while denying pre-arrest bail to a man in a complaint lodged by his wife alleging that her household articles were stolen while she w.....
Tags : Delhi High Court, Husband, Wife, Consent
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SC Sets Aside Allahabad HC Order Refusing To Entertain YES Bank's Plea(25.01.2023)
Supreme Court has set aside the Allahabad High Court order refusing to entertain the Yes Bank plea challenging police investigation into an FIR lodged.....
Tags : Supreme Court, Allahabad High Court, Yes Bank, Essel Group
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Del. HC: Bank Customers Have No Way of Contacting Officials Who Send Emails(22.02.2023)
Delhi High Court while expressing concern over computer generated e-mails sent to customers without mention of contact details of officials under whos.....
Tags : Delhi High Court, Bank, Accountability
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Government of India and World Bank signs $500 Million Additional Financing for Pradhan Mantri Gram Sadak Yojana Rural Roads Project(31.05.2018)
The Government of India and the World Bank today signed a $500 million loan agreement to provide additional financing for the Pradhan Mantri Gram Sada.....
Tags : Roads Project, Financing, World Bank
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Ker HC: Unilateral Action of Bank of Withholding Title Document After Loan is Repaid is Illegal(20.03.2023)
Kerala High Court has held that merely because the property was transferred by the petitioner during the subsistence of the mortgage, Bank is not enti.....
Tags : Kerala High Court, Bank, Loan, Security Documents
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CIC Directs RBI To Appoint Nodal CPIO(14.06.2017)
Central Information Commission (CIC) has directed Reserve Bank of India to appoint a Nodal Central Public Information Officer (CPIO), in addition to c.....
Tags : Central Information Commission, Reserve Bank of India
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SC: SARFAESI Act Applicable to Cooperative Banks(06.05.2020)
Supreme Court has held that the co-operative banks under the State legislation and multi-State co-operative banks are 'banks' under Section 2(1)(c) of.....
Tags : Supreme Court, Cooperative Banks
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Apex Court Gives Mamata Banerjee's Critic 7-Day Protection from Arrest(31.05.2019)
Supreme Court has granted a seven-day interim protection to Anirban Das, a social activist who is apprehending arrest in a criminal case filed in Beng.....
Tags : Apex Court, Mamata Banerjee
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Delhi HC Issues Notice in Plea Seeking Direction to PMC Bank to Allow Withdrawals(21.07.2020)
Delhi High Court has issued notice in a plea seeking a direction to be issued to the Punjab & Maharashtra Cooperative Bank to allow its depositors to .....
Tags : Delhi High Court, Punjab & Maharashtra Cooperative Bank
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Rajasthan High Court: Seizure Memo Needs to be Prepared at Spot of Recovery(18.07.2024)
Raj. HC has held that seizure officer should prepare seizure memo at the place of recovery of contraband material as prescribed under the Standing Ins.....
Tags : Rajasthan High Court, Seizure Memo, Contraband Material
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Calcutta HC Directs Rahul Shivshankar in Probe Over 'Defamatory' Audiotape on Abhishek Banerjee(29.06.2021)
Calcutta High Court has directed Times Now news channel's Editor-in-Chief, Rahul Shivshankar to appear through Video Conferencing mode in probe over t.....
Tags : Calcutta High Court, 'Defamatory' Audiotape on Abhishek Banerjee
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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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RBI to Banks: Allow Mobile Banking Registration at ATMs(18.12.2015)
Reserve Bank of India (RBI) has asked all National Financial Switch (NFS) member banks to make changes in ATM switches by March 2016 to help customers.....
Tags : Reserve Bank of India, National Financial Switch
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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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NGT Stays Steel Flyover Project in Bengaluru(02.11.2016)
National Green Tribunal (NGT) has issued an interim injunction against proposed steel flyover planned by Bangalore Development Authority (BDA).
Tags : NGT, Bangalore Development Authority, steel flyover
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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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Patna HC Seeks Records in Connection with July 27 Bihar Bandh(01.12.2015)
Patna HC has directed State Government to furnish records of FIRs lodged and chargesheet filed in connection with disturbances created during Bihar ba.....
Tags : Patna HC, Bihar bandh
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Madras High Court Dismisses Plea Seeking Ban on Chanting of Mantras in Tamil in Temples(06.09.2021)
Madras High Court has rejected a Public Interest Litigation (PIL) seeking directions to be issued to the Tamil Nadu government to withdraw the 'Annai .....
Tags : Madras High Court, Ban on Chanting of Mantras in Tamil in Temples
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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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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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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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ITAT, Bangalore: Addition Cannot be Made If Gift is Invalid(06.11.2017)
Income Tax Appellate Tribunal, Bangalore has ruled that if the gift is invalid then no addition can be done in respect of the same under the provision.....
Tags : Income Tax Appellate Tribunal, Bangalore
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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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Composition and Ownership of Deposits with Scheduled Commercial Banks(11.01.2016)
The Reserve Bank of India released data related to the composition and ownership pattern of deposits with scheduled commercial banks as of March 31, 2.....
Tags : Scheduled banks, deposits, march 2015
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RBI releases "Statistical Tables Relating to Banks in India: 2019-2020"(29.12.2020)
The Reserve Bank released its web publication entitled 'Statistical Tables Relating to Banks in India: 2019-20' covering the activities of scheduled c.....
Tags : Statistical Tables, Activities, Commercial banks
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SC: Bail Cannot be Granted Merely on Finding of Absence of Possession of Contraband(23.09.2021)
Supreme Court has observed that bail cannot be granted to an accused under Narcotic Drugs and Psychotropic Substances Act, 1985 merely on a finding of.....
Tags : Supreme Court, Absence of Possession of Contraband
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Bangladesh Supreme Court Cancels Khaleda Zia’s Bail(19.03.2018)
Bangladesh's Supreme Court has halted the release of opposition leader Khaleda Zia on bail, deepening a political crisis ahead of a national election .....
Tags : Bangladesh Supreme Court, Khaleda Zia
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