Tags : Declaration, Dividends, Banks
read»
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
read»
Notification regarding specified bank to mean a banking company which is a scheduled bank and has been appointed as an agent under Section 45 of Reserve Bank of India Act, 1934(02.09.2021)
In exercise of the powers conferred by clause (a) of Explanation to section 194P of the Income-tax Act, 1961 (43 of 1961), the Central Government here.....
Tags : Specified bank, Banking company, Notification
read»
Supreme Court Rejects Plea of Axis Bank Against Release of Arbitral Award Money to Daiichi(14.12.2018)
Supreme Court has refused to entertain an Axis Bank plea opposing release of Rs 9.39 crore, which is part of Rs 3,500 crore awarded by a Singapore tri.....
Tags : Supreme Court, Axis Bank, Daiichi Sankyo
read»
RBI Increases Withdrawal Limit from PMC Bank to Rs 50,000(06.11.2019)
Reserve Bank of India has enhanced the withdrawal limit of PMC Bank depositors to Rs 50,000 from the previous cap of Rs 40,000. RBI further said that .....
Tags : RBI, PMC Bank
read»
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.
read»
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
read»
Reserve Bank Cuts Key Lending Rates by 0.35%(07.08.2019)
Reserve Bank of India's Monetary Policy Committee (MPC) has cut key interest rate for the fourth consecutive time by 35 basis points or 0.35 per cent .....
Tags : Reserve Bank, Lending Rates
read»
SC: Bangalore Club Not Liable to Pay Wealth Tax(09.09.2020)
Supreme Court has held that 'Bangalore Club', one of the oldest club in Bangalore, is not liable to pay Wealth tax under the Wealth Tax Act, 1957.
Tags : Supreme Court, Bangalore Club
read»
Statute
Voting rights to be given to enclave dwellers(08.02.2016)
Whereas India and Bangladesh executed an enclave exchange last year, the Indian government is preparing to grant voting rights to former enclave dwell.....
Tags : Bill, land enclave, Bangladesh, voting rights
read»
Government Banks on New PSU Norms for Higher Non-tax Revenue(09.06.2016)
Centre has released new guidelines on capital restructuring of state-owned companies, which will make them more accountable on matters of dividends, b.....
Tags : Government Banks, PSU Norms
read»
Bombay High Court Stays Decision on DJ Ban(22.10.2018)
Bombay High Court has turned down a petition filed in the court to uplift the DJ ban which was implemented this year during Ganesh Chaturthi.
Tags : Bombay High Court, DJ BAN
read»
RBI: Small Finance Banks Can Join Payment System(23.12.2015)
Reserve Bank of India (RBI) has said that entities who received in-principle approval for setting up payments banks and small finance banks can join a.....
Tags : Reserve Bank of India, payment system
read»
NCLAT: Interest Free Security Deposit is an Operational Debt(28.04.2022)
National Company Law Appellate Tribunal has observed that an interest free security deposit towards advance license fee will qualifies as an operation.....
Tags : National Company Law Appellate Tribunal, interest free, security deposit, Insolvency & Bankruptcy Code, 2016
read»
Bombay HC Directs Railways to Make Suburban Stations Disabled-Friendly(19.01.2017)
Bombay High Court has warned Railways that it will initiate contempt proceedings against General Managers of Central and Western Railways if it does n.....
Tags : Bombay High Court , Railways, Suburban Stations, Disabled-Friendly
read»
Reserve Bank of India to Allow Exchange of Rs 4500 in Old Notes in Nepal(27.03.2017)
Reserve Bank of India (RBI) will allow exchange of up to Rs 4,500 in banned Indian currency notes to each Nepali national.
Tags : Reserve Bank of India, Demonetisation
read»
Delhi HC Directs DUSIB to Carry Survey and Assist Govt. in Providing Relief to Shakurbasti People(17.12.2015)
Delhi High Court has asked Delhi Urban Shelter Improvement Board (DUSIB) to carry out a survey and share its findings with Central government, Delhi g.....
Tags : Delhi High Court , Delhi Urban Shelter Improvement Board
read»
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
read»
Delhi HC Allows Interim Reoccupation to Debtor of Property Securitized by Bank(13.04.2020)
Delhi High Court has allowed a family to reoccupy a floor of the property, which was securitized by IIFL Home Finance Limited under Section 14 of Secu.....
Tags : Delhi High Court, Reoccupation to Debtor of Property Securitized by Bank
read»
Delhi HC Rejects Plea Challenging Ban on Army Officers Using Social Media(05.08.2020)
Delhi High Court has rejected a plea challenging the policy of the Indian Army which requires all members of the armed forces to delete their social m.....
Tags : Delhi High Court, Ban on Army Officers Using Social Media
read»
Bombay High Court Raps CBI in Bilkis Bano Case(18.07.2016)
Bombay High Court has rapped the Central Bureau of Investigation (CBI) for “not being prepared” in the 2002 Bilkis Bano gang rape case.
Tags : Bombay High Court, Bilkis Bano
read»
Madras HC Declines PIL Seeking Ban on Online and Offline Video Games(02.07.2021)
Madras High Court has declined to entertain a Public Interest Litigation (PIL) seeking a ban on all online and offline video games that children and y.....
Tags : Madras High Court, Ban on Online and Offline Video Games
read»
India Signs Financing Agreement with World Bank for US$ 63 Million for Tejaswini(28.02.2017)
A Financing Agreement for IDA credit of US$ 63 million (equivalent) for the "Tejaswini" Socio-Economic Empowerment of Adolescent Girls and Young Women.....
Tags : Empowerment, Adolescent Girls, Agreement, World bank
read»
COMPANY - NCLAT Slams RCom's Lender SBI over Rs. 37,000 Crore Asset Sale(12.03.2019)
National Company Law Appellate Tribunal has slammed lenders of Reliance Communications, State Bank of India, for painting a rosy picture of Anil Amban.....
Tags : NCLAT, State Bank of India, Reliance Communication
read»
Reserve Bank of India (Amalgamation of Private Sector Banks) Directions, 2016(21.04.2016)
The Reserve Bank of India notified Master Directions regarding amalgamation of two banking companies or of a banking company and an NBFC. For both, am.....
Tags : amalgamation, private banks, nbfc
read»
Supreme Court Stays Bombay High Court Order Directing Sale of HDIL Assets to Repay Dues of PMC Bank(10.02.2020)
Supreme Court has stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment .....
Tags : Supreme Court, PMC Bank
read»
Portal for trading Priority Sector Lending Certificates(07.04.2016)
The Reserve Bank of India issued instructions on trading of Priority Sector Lending Certificates – to facilitate a trading platform via its Core Banki.....
Tags : Pslc, trading, ekuber, core banking
read»
Karnataka High Court to Pass Directions on Providing Shelters for Urban Homeless(11.03.2021)
Karnataka High Court has said it would issue interim directions for implementation of the Operational Guidelines for the Scheme of Shelter for Urban H.....
Tags : Karnataka High Court, Providing Shelters for Urban Homeless
read»
SC: Sessions Judge has Power to Issue Process Against Accused in Offences Under IBC, 2016(22.04.2024)
SC while upholding issuance of process by sessions judge in an offence committed under Insolvency and Bankruptcy Code, 2016 (IBC), has observed that S.....
Tags : Supreme Court, Insolvency and Bankruptcy Code, Sessions Judge
read»
Supreme Court Directs Centre to List Out Measures Taken to Ease Inconvenience of Rural People(05.12.2016)
Supreme Court has asked Centre to spell out measures taken to ease sufferings and inconvenience of people in rural areas, who are mostly dependent on .....
Tags : Supreme Court, demonetisation, Co-operative banks
read»
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
read»
Bom. HC: Banks to Show Evidence to Borrowers Before Invoking Circular on Wilful Default(27.03.2024)
Bombay High Court has held that commercial banks need to show the evidence to defaulting borrowers before invoking the master circular on wilful defau.....
Tags : Bombay High Court, Wilful Default, Commercial Banks
read»
Delhi HC Temporarily Restrains 6 PSU Banks from Taking Coercive Action Against Company(29.04.2020)
Delhi High Court has temporarily injuncted 6 Public Sector Units banks from taking any coercive action against Eastman Auto Limited for defaults arisi.....
Tags : Delhi High Court, Coercive Action, PSU Banks
read»
Delhi HC Dismisses Plea Seeking a Ban on Burqas(15.11.2016)
Delhi High Court has refused to entertain a PIL seeking a ban on burqas and other face veils in public places due to security threat to National Capit.....
Tags : Delhi High Court, Ban, Burqas
read»
Delhi HC Upholds Extradition of NRI to United States in Bank Fraud Conspiracy Case(10.08.2017)
Delhi High Court has upheld order of extradition of an NRI to United States in a case alleging bank fraud conspiracy.
Tags : Delhi High Court, Bank Fraud Conspiracy
read»
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
read»
Housing Ministry Directs CPIO to Remove Personal Details of RTI Applicants(10.12.2020)
Union Ministry of Housing & Urban Affairs (Housing Ministry) has directed all the Central Public Information Officers and Appellate Authorities under .....
Tags : Union Ministry of Housing and Urban Affairs, Personal Details of RTI Applicants
read»
Supreme Court on Highway Booze Ban: Drivers Shouldn't Be Drunk In Fast Moving Traffic(06.07.2017)
Supreme Court has said that the idea behind its verdict banning sale of liquor along highways was that a driver should not be under influence of liquo.....
Tags : Supreme Court, Highway Liquor Ban
read»
RBI Allows Banks to Extend Non-Fund Based Credit(08.01.2016)
Reserve Bank of India (RBI) has allowed banks to extend non-fund based credit, not the usual form of normal loans and thereby lifted the old age ban.
Tags : Reserve Bank of India, non-fund based credit
read»
Yes Bank Case: Bombay HC Discharges DHFL(18.11.2021)
Bombay HC has discharged Dewan Housing Finance Corporation Ltd. (DHFL) and dropped the proceedings against it in a case of cheating and corruption reg.....
Tags : Bombay HC, Dewan Housing Finance Corporation Ltd., Yes Bank
read»
Allahabad HC Stays Announcement of Urban Local Body Polls Dates(13.12.2022)
Allahabad High Court has restrained State Election Commission from announcing Urban Local Body Elections notification and asked the State if the "trip.....
Tags : Allahabad High Court, Urban Local Body Elections, Triple Test, OBC
read»
Special Court Remands Sachin Waze to NIA Custody in Case of Explosives Found Near Ambani’s House(15.03.2021)
Special Court has remanded Mumbai Police officer Sachin Waze to the National Investigating Agency's (NIA) custody till March 25, in connection with hi.....
Tags : Special Court, Sachin Waze, Mukesh Ambani
read»
RBI Announces Rs 10,000 Crore OMO Purchases(05.02.2016)
Reserve Bank of India (RBI) has announced an Open Market Operation (OMO) purchase of government securities worth Rs 10,000 crore on February 8.
Tags : Reserve Bank of India , Open Market Operation
read»
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
read»
Raj. HC: Plastic Coated Papers Come Within Ambit of Single-Use Plastic Items(05.06.2023)
Rajasthan High Court has held that ‘plastic coated paper’ which is also used as a raw material for laminated paper cups, will come within the ambit of.....
Tags : Rajasthan High Court, Plastic Coated Papers, Single-Use Plastic, Ban
read»
Delhi HC to JNU: Don't Take Action against Umar, Anirban for A Week(06.09.2016)
Delhi HC has directed JNU to not to implement for a week order passed by its appellate authority holding some students including Umar Khalid and Anirb.....
Tags : Delhi HC , JNU , Umar Khalid , Anirban Bhattacharya
read»
Supreme Court Stays FIR Registered Against Journalist Who Was Covering 2018 Bharat Bandh(29.10.2020)
Supreme Court has stayed a First Information Report registered against Yogesh Kumar Holkar, a journalist who had covered the 2018 Bharat Bandh protest.....
Tags : Supreme Court, Journalist Covering 2018 Bharat Bandh
read»
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
read»
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
read»
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.
read»
SEBI: 5 Year Ban Imposed on Industrialist Anil Ambani for Diversion of Funds(26.08.2024)
The Securities and Exchange Board of India (SEBI) has imposed a ban of five years on industrialist Anil Ambani from the securities market for the dive.....
Tags : SEBI, Anil Ambani, Reliance Home Finance
read»
Mandatory Requirement of AADHAR for Individuals Availing Facilities under Specified Schemes through Banks or Financial Institutions(01.03.2017)
Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes, bring.....
Tags : Aadhar, Mandatory, Scheme, Banks
read»
Reserve Bank of India imposes monetary penalty on DCB Bank Limited(28.10.2020)
The Reserve Bank of India (RBI) has, by an order dated October 28, 2020, imposed a monetary penalty of Rs. 22 lakh (Rupees Twenty Two lakh only) on DC.....
Tags : Penalty, Imposition, DCB Bank Limited
read»
RBI Announces Timetable Reduction in SLR(11.12.2015)
Reserve Bank of India (RBI) has announced a reduction in share of government securities known as Statutory Liquidity Ratio (SLR) that banks have to ma.....
Tags : Reserve Bank of India, Statutory Liquidity Ratio
read»
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»
SC Issues Notice to Union Government on Petitions Challenging Constitutionality of IBC Ordinance(14.01.2020)
Supreme Court has issued a notice to the Union Government on Petitions Challenging Constitutional Validity of Insolvency and Bankruptcy Code (Amendmen.....
Tags : Supreme Court, Insolvency and Bankruptcy Code Ordinance
read»
Reserve Bank of India Approves Kotak Mahindra’s Proposal to Trim Stake of Promoters(20.02.2020)
Reserve Bank of India has given final approval to Kotak Mahindra Bank’s proposal on reducing promoters’ stakes and capping their voting rights.
Tags : Reserve Bank of India, Kotak Mahindra Bank, Promoters Shareholding
read»
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
read»
Urban Improvement Trusts Not Entitled to Income Tax Exemptions: Supreme Court(15.10.2018)
Supreme Court has held that Urban Improvement Trust constituted under the Rajasthan Urban Improvement Act, 1959 is not a local authority within the me.....
Tags : Supreme Court, Urban Improvement Trusts
read»
Madras HC Dismisses Plea Seeking No Disturbance to CM on Sundays With Costs(09.06.2021)
Madras High Court has dismissed a plea with Rs. 10,000/- cost which sought directions the Chief Secretary and other officials not to circulate any fil.....
Tags : Madras High Court, No Disturbance to CM
read»
SC to Sikh Bodies: Create Mechanism to Curb ‘Santa-Banta’ Jokes(13.07.2016)
SC, while hearing petitions seeking ban on circulation of jokes about Sikh community, has asked bodies representing the community to create a mechanis.....
Tags : SC, ‘Santa-Banta’ Jokes
read»
ITAT, Mumbai Allows Tax Deductions to SRK on Earnings From Kaun Banega Crorepati(23.03.2017)
ITAT, Mumbai has allowed SRK a deduction of Rs 10 crore that was paid to him for Kaun Banega Crorepati and also of Rs 7 crore the actor had charged fr.....
Tags : ITAT, Mumbai, Shah Rukh Khan, Kaun Banega Crorepati
read»
Patna HC Junks Principal Secretary’s Order to Remove Deputy Mayor(15.12.2015)
Patna HC has junked order of Principal Secretary, Urban Development and Housing Department (UDHD) to remove Roop Narayan from the post of Deputy Chief.....
Tags : Patna HC, Urban Development and Housing Department, Roop Narayan
read»
Ker HC: Min. of Animal Husbandry to Consider Objections to Ban on ‘Dangerous & Ferocious’ Dog Breeds(12.06.2024)
Kerala High Court has directed the Ministry of Fisheries and Animal Husbandry to consider the objections that have been submitted while considering a .....
Tags : Kerala High Court, Animal Husbandry, Dog Breeds
read»
SC: Press has a Duty to Speak Truth and Present Citizens With Hard Facts(05.04.2023)
Supreme Court while ruling against telecast ban imposed by Centre on news channel MediaOne using plea of National Security, observed that press has a .....
Tags : Supreme Court, MediaOne, Ban, Democracy
read»
RBI Issues Norms for PDs in Exchange-Traded Currency Futures(18.03.2016)
Reserve Bank of India (RBI) has issued guidelines permitting standalone Primary Dealers (PDs) to participate in exchange-traded currency futures on ap.....
Tags : Reserve Bank of India , Primary Dealers, Currency Futures
read»
National Bank for Agriculture and Rural Development is allowed to perform Aadhaar authentication(15.06.2023)
1.In pursuance of sub-clause (ii) of clause (b) of sub-section (4) of section 4 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Be.....
Tags : National Bank, Aadhaar authentication, Agricultural loan
read»
Bombay HC: Forcing Husband to Stay Away From His Parents Amounts to Cruelty(26.12.2016)
Bombay High Court has held that any pressure on part of wife on husband to stay away from his parents without any justifiable cause amounts to cruelty.....
Tags : Bombay HC, Husband, Cruelty
read»
Ker. HC: Acts Done by Bank Officials While Taking Possession are Protected Under SARFAESI Act(25.05.2023)
Kerala High Court while observing that action taken by the officials of the bank under the SARFAESI Act is neither unquestionable nor treated as sacro.....
Tags : Kerala High Court, Bank Officials, SARFAESI, Prosecution
read»
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
read»
Lawyer Can Issue Demand Notice of Unpaid Operational Debt on Behalf of Operational Creditor: SC(18.12.2017)
Supreme Court has held that a lawyer on behalf of the operational creditor can issue a demand notice of an unpaid operational debt.The court also held.....
Tags : Supreme Court, Insolvency and Bankruptcy Code
read»
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
read»
RBI Authorises Select Bank Branches to Collect Advance Tax(16.08.2016)
Reserve Bank of India (RBI) has authorised various bank branches, including those of SBI, ICICI, HDFC Bank, PNB and Bank of Baroda, to collect income .....
Tags : Reserve Bank of India, Advance Tax
read»
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
read»
RBI Releases Fifth Bi-monthly Monetary Policy Statement, Maintains Status Quo on Repo Rate(08.02.2017)
Reserve Bank of India (RBI) has issued its sixth Bi-monthly Policy Statement for the year, wherein Apex Bank decided to hold on to repo rate at 6.25 p.....
Tags : Reserve Bank of India, Bi-monthly Policy Statement, repo rate
read»
SC Declines to Entertain Plea by PMC Bank Account Holders for Lifting Cash Withdrawal Restrictions(18.10.2019)
Supreme Court has declined to entertain plea by Punjab & Maharashtra Co-operative Bank account holders seeking directions to Reserve Bank of India aga.....
Tags : SC, PMC Bank
read»
Delhi High Court Refrains From Vacating Order Against Ban on Tobacco Products(04.08.2015)
Delhi High Court has refrained itself from vacating an order by which the Aam Aadmi Party Government was restrained from taking coercive measures agai.....
Tags : Delhi High Court, Tobacco, Ban
read»
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
read»
Kerala HC: No Ban on Journalists from Reporting Court Proceedings(01.08.2016)
Kerala HC has said that there is no ban on journalists reporting court proceedings but the judges would be at liberty to decline access to any person .....
Tags : Kerala HC , Ban on Journalists
read»
Kerala High Court Temporarily Defers Centre's Ban on News Channel MediaOne(01.02.2022)
Kerala High Court has deferred the order issued to popular Malayalam news channel MediaOne by the Ministry of Information and Broadcasting revoking it.....
Tags : Kerala High Court, Ban on News Channel MediaOne
read»
Delhi HC Directs DGCA to Deal with Kunal Kamra's Complaint Within 8 Weeks(27.02.2020)
Delhi High Court has disposed of comedian and activist Kunal Kamra's plea challenging his travel ban, directing the Directorate General of Civil Aviat.....
Tags : Delhi High Court, Kunal Kamra Flying Ban
read»
NCLAT: Pendency of Appeal Under Arbitration Act Does Not Bar Insolvency Process Under IBC(01.09.2017)
National Company Law Appellate Tribunal has observed that pendency of S.37 appeal under Arbitration Act cannot be treated as an ‘existence of dispute’.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code
read»
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
read»
CCI Approves RBS India-Sanctum Wealth Acquisition Deal(30.12.2015)
Competition Commission of India (CCI) has approved acquisition of Royal Bank of Scotland (RBS) Group's India wealth management business by Sanctum Wea.....
Tags : Competition Commission of India , Royal Bank of Scotland , Sanctum Wealth
read»
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
read»
Calcutta HC Refuses Contempt Action Against TMC MP Abhishek Banerjee for Alleged Derogatory Remarks(31.05.2022)
Calcutta High Court dismissed a petition seeking initiation of suo motu contempt proceedings against TMC MP Abhishek Banerjee for his alleged derogato.....
Tags : Calcutta High Court, Abhishek Banerjee, contempt, TMC
read»
RBI to CICs: Give FFCR to Individuals Once a year(02.09.2016)
Reserve Bank of India (RBI) has directed Credit Information Companies (CICs) to provide access to one Free Full Credit Report (FFCR), including credit.....
Tags : Reserve Bank of India, CICs, FFCR t
read»
SC Asks 2002 Gujarat Riots Victim Bilkis Bano to Approach Authorities for Job and Accommodation(27.10.2020)
Supreme Court has asked Bilkis Bano, who was gang- raped when she was five months pregnant during the 2002 Gujarat riots, to approach the authorities .....
Tags : Supreme Court, Bilkis Bano
read»
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
read»
Bombay HC Allows Budget Approval for Universities Before Polls(01.04.2019)
Bombay High Court has allowed all state universities to get their annual budgets approved before upcoming Lok Sabha election from the Maharashtra Gove.....
Tags : Bombay High Court, Certificate Without Husband's Name
read»
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
read»
Electoral Bonds Data Uploaded on Election Commission of India’s Website(15.03.2024)
The Election Commission of India has uploaded on its website data related to electoral bonds that was supplied by the State Bank of India.
Tags : Election Commission of India, Electoral Bonds, State Bank of India
read»
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
read»
No necessity for complaint to aver actual date of service of notice against dishonoured cheque(17.08.2015)
If the complaint contains the date of issuance of registered notice, merely not containing the date of receipt of information from the bank regarding .....
Tags : Banking, cheque, date of service, notice
read»
Bombay HC: Goa State Cooperative Bank Ltd. is Not a 'State' Under Article 12(08.03.2021)
Bombay High Court has held that the Goa State Cooperative Bank Ltd. is not a 'State' nor does it fall within the ambit of 'any other authority' for th.....
Tags : Bombay High Court, Goa State Cooperative Bank Ltd.
read»
CRIMINAL - CBI Court Convicts Ex Indian Bank CMD for Fraud(30.03.2019)
A Special CBI Court has convicted and sentenced former Indian Bank Chairman and Managing Director M Gopalakrishnan and 11 others to three years Rigoro.....
Tags : CBI Court, Ex Indian Bank CMD, M Gopalakrishnan
read»
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
read»
SC: Make EIA Mandatory for Urban Development(11.01.2023)
Supreme Court while issuing directions to preserve the heritage of 'Corbusier' Chandigarh, has recommended Centre as well as the State to make necessa.....
Tags : Supreme Court, Environmental Impact Assessment, Urban Development
read»
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
read»
RBI Clears 11 Payments Banks(20.08.2015)
Reserve Bank of India (RBI) has given 'in principle' clearance to 11 entities to set up 'payments banks'. These entities include department of posts, .....
Tags : Reserve Bank of India, Payments Banks
read»
NCLAT: If Credit Facility Agreement is Unstamped, Petition U/S Section 7 is Maintainable(29.04.2022)
National Company Law Appellate Tribunal has observed that if a credit facility agreement is unstamped, then petition under Section 7 of the Insolvency.....
Tags : National Company Law Appellate Tribunal, credit facility, Section 7, Insolvency and Bankruptcy Code, 2016
read»
PMGKD Scheme Amended to Exclude Co-operative Banks From Accepting Deposits(23.01.2017)
Central Government has amended Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 to exclude Co-operative Banks from accepting deposits under P.....
Tags : Pradhan Mantri Garib Kalyan Deposit Scheme, Co-operative Banks
read»
Gujarat HC Quashes Rape Charges Against Ex-Husband for having Sexual Relations After Alleged Divorce(30.01.2019)
Gujarat High Court recently quashed rape charges levelled by a woman against her ex-husband who allegedly cohabited with her even after the dissolutio.....
Tags : Gujarat High Court, Rape Charges Against Ex-Husband
read»
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»
RBI Eases Bad Loan Classification Norms For Small Borrowers, Farmers(29.12.2016)
Reserve Bank of India (RBI) has relaxed norms for bad loan classification for small borrowers, including farmers, giving them additional 30 days to re.....
Tags : Reserve Bank of India, loan, repayment, Small Borrowers
read»
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
read»
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
read»
Top Pvt Banks Slap Charges on Cash Transactions, Caps Free Transactions(02.03.2017)
Banks including HDFC, ICICI, Axis began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transac.....
Tags : Banks, Cash Transactions
read»
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
read»
Central Government approves recapitalisation of Export-Import Bank of India(16.01.2019)
The Union Cabinet, chaired by the Prime Minister has approved the recapitalization of EXIM Bank. Recapitalization Bonds by Government of India to the.....
Tags : Recapitalisation, Exim bank, Approval
read»
SC: SBI’s Application for Extension of Time for Furnishing Electoral Bonds Details Dismissed(11.03.2024)
Supreme Court has dismissed the State Bank of India’s (SBI) application that was filed for an extension of time for furnishing electoral bond details .....
Tags : Supreme Court, State Bank of India, Electoral Bonds, Extension of Time
read»
Centre Notifies Regulations for Liquidation Process Under New Bankruptcy Code(19.12.2016)
Central Government has notified rules by which companies can go through liquidation under Insolvency and Bankruptcy Code (IBC), 2016.
Tags : Central Government, liquidation, Insolvency and Bankruptcy Code (IBC), 2016
read»
RBI grants "in-principle" approval to 11 Applicants for Payments Banks(19.08.2015)
The Reserve Bank of India granted "in-principle" approval to 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Ban.....
Tags : Rbi, payments banks, approved, guidelines
read»
Financial Service Providers Outside Purview of Insolvency and Bankruptcy Code: NCLAT(24.10.2018)
National Company Law Appellate Tribunal has held that financial service providers such as non-banking financial companies are outside the purview of t.....
Tags : NCLAT, Financial Service Providers, Insolvency and Bankruptcy Code
read»
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
read»
Export Data Processing and Monitoring System expanded(26.05.2016)
The Export Data Processing and Monitoring System has been expanded with modules that will now include information on handling of shipping bills for ca.....
Tags : edpms, exporters, caution, monitoring, banks
read»
Lending and Deposit Rates of Scheduled Commercial Banks - January 2023(31.01.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of Janua.....
Tags : Lending, Deposit Rates, Commercial Banks
read»
RBI Slashes Key Rate 40 Basis Points to New All-Time Low(25.05.2020)
Reserve Bank of India has cut key interest rates by 40 basis points to a new low of 4%, citing an assessment of Gross Domestic Product contraction in .....
Tags : Reserve Bank of India, Interest Rates
read»
RBI Releases Guidelines for On-Tap Licensing of Universal Banks in Private Sector(02.08.2016)
Reserve Bank of India (RBI) has released final guidelines for on-tap licensing of universal banks in private sector, under which it ring-fenced bankin.....
Tags : RBI , On-Tap Pvt Sector Bank Licences
read»
#Union Budget 2022-2023: Finance Minister Informs on Central Bank Digital Currency(01.02.2022)
Finance Minister has stated that the introduction of a central bank digital currency will give boost to digital economy leading to cheaper currency ma.....
Tags : Union Budget, Finance Minister, Central Bank Digital Currency
read»
Ker. HC: IO Mixes Contraband Found in Separate Packs, Bail Granted to Accused Booked Under NDPS Act(24.06.2024)
Kerala High Court has granted bail to an accused booked under the Narcotic Drugs and Psychotropic Substances, 1985(NDPS) possessing contraband after n.....
Tags : Kerala High Court, NDPS Act, Contraband
read»
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
read»
Cal HC: Restraint Imposed on WB CM Mamata Bannerjee from Making Statements Against Governer, Lifted(29.07.2024)
Calcutta High Court has lifted the restraint imposed on West Bengal Chief Minister Mamata Banerjee from making statements against the Governor CV Anan.....
Tags : Calcutta High Court, Mamata Banerjee, CV Ananda Bose
read»
NCLAT Delhi: Resolution Professional Cannot Decide Eligibility Under Section 29A IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional is not required to take a decision in regard to the ineligibili.....
Tags : National Company Law Appellate Tribunal, Resolution Professional, Section 29A of the Insolvency & Bankruptcy Code, 2016, Resolution Applicant
read»
Delhi HC Denies to Vacate Stay on Drug Ban(30.03.2016)
Delhi HC has declined to vacate stay earlier granted to certain drug brands banned by the health ministry, and said it would hear all final arguments .....
Tags : Delhi HC, Drug Ban
read»
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
read»
Rajasthan HC: Condition to Submit Bank Guarantee Against Annual Fees as Illegal(01.06.2021)
Rajasthan High Court has held that the condition imposed by private medical institutions requiring students seeking admission to MBBS Course to submit.....
Tags : Rajasthan High Court, Bank Guarantee Against Annual Fees
read»
Diamond Dollar Account - Reporting Mechanism(23.03.2016)
The Reserve Bank of India has dispensed with quarterly and fortnightly statements previously submitted by banks giving details of the name and address.....
Tags : Diamond dollar, bank account, statement
read»
SAT Upholds SEBI Order Imposing Fine on Former YES Bank CEO, Rana Kapoor(22.06.2021)
Securities Appellate Tribunal has upheld the order by the Securities and Exchange Board of India imposing fine of Rs. 1 Crore on former YES Bank CEO, .....
Tags : Securities Appellate Tribunal, Former YES Bank CEO, Rana Kapoor
read»
Govt: Specified Notes Confiscated on or before 30.12.2016 Can be Deposited in Any RBI Branch(17.05.2017)
Govt has notified rules regarding deposit of Rs. 1000 and Rs. 500 Currency Notes confiscated on or before 30.12.2016 which makes it possible for enfor.....
Tags : Specified Bank Notes (Deposit of Confiscated Notes) Rules, 2017
read»
Bombay HC Issues Contempt Notice to RBI Regional Director(27.07.2016)
Bombay HC has issued contempt notice to Reserve Bank of India's (RBI) Regional Director in a contempt plea filed by Akhil Bharatiya Adivasi Karmachari.....
Tags : Bombay HC , Akhil Bharatiya Adivasi Karmachari Sanghatna, Reserve Bank of India
read»
NCLAT, Delhi: Quantum of Debt Not to be Decided At Stage of Admission of S. 7 IBC Application(18.04.2022)
National Company Law Appellate Tribunal, Delhi has observed that the quantum of debt is not to be considered at the stage of admission of a petition u.....
Tags : National Company Law Appellate Tribunal, Section 7 of the Insolvency and Bankruptcy Code, 2016, admission
read»
Bombay HC Directs Wife to Pay Maintenance to Husband under Sec 25 of Hindu Marriage Act, 1955(01.04.2022)
Bombay High Court upheld two orders of the civil court directing a wife working as a teacher, to pay Rs 3,000 maintenance to her husband by directing .....
Tags : Bombay High Court, maintenance, Maintenance To Husband
read»
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
read»
Delhi HC: RBI's Intention is to Maintain Status Quo on Account Classification as on March 1(15.04.2020)
Delhi High Court has provided interim relief to an account from being declared a Non Performing Asset by the Punjab & Sind Bank in light of the morato.....
Tags : Delhi High Court, Reserve Bank of India, Status Quo on Account Classification
read»
Delhi HC Upholds Ban on Social Media Use by Defence Staff(06.08.2020)
Delhi High Court has upheld the ban on social media for defence personnel, observing that it is a policy decision by the Government based on feedback .....
Tags : Delhi High Court, Ban on Social Media Use
read»
RBI Notifies Levy of Penal Interest on Banks for Delayed Reporting of Transactions(12.02.2018)
Reserve Bank of India has issued a notification regarding levy of penal interest on the Banks for delayed reporting of transactions.
Tags : Reserve Bank of India
read»
NCLAT: Payment of Lease Amount, Rent & Premium Arising During CIRP Cannot Be Considered as CIRP Costs(28.10.2024)
The National Company Law Appellate Tribunal (NCLAT) has observed that the payment of lease amount, lease rent and premium arising during CIRP cannot b.....
Tags : National Company Law Appellate Tribunal, CIRP Cost, Section 14, Insolvency and Bankruptcy Code, 2016
read»
SC Sets Aside Allahabad High Court's Blanket Ban on DJ Services in Uttar Pradesh(16.07.2021)
Supreme Court has set aside the 2019 order of the Allahabad High Court imposing a blanket ban on the use of DJ services in the state of Uttar Pradesh......
Tags : Supreme Court, Blanket Ban on DJ Services
read»
RBI Boosts Affordable Housing(09.10.2015)
Reserve Bank of India (RBI) has said that banks could provide home loans up to 90% for properties that cost up to Rs 30 lakh, giving a boost to low-co.....
Tags : Reserve Bank of India,banks
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
read»
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
read»
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
read»
Lok Sabha passes Banking Laws (Amendment) Bill, 2024(04.12.2024)
Lok Sabha has passed the Banking Laws (Amendment) Bill, 2024 which includes bank accounts to have four nominees among other changes. Under this amendm.....
Tags : Lok Sabha, Bank Account Holders, Simultaneous Nominations
read»
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
read»
NCLAT: Article 1 of Limitation Act,1963 not Apply to Proceedings Under IB Code, 2016(26.05.2022)
National Company Law Appellate Tribunal (NCLAT) Principal Bench has held that the Article 1 of Limitation Act, 1963 is not applicable to the Petition .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, Limitation
read»
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
read»
Reserve Bank of India imposes monetary penalty on Indian Bank(20.11.2019)
The Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of Rupees One crore on Indian Bank (the bank) for non-.....
Tags : Penalty, Imposition, Indian Bank
read»
US Supreme Court Allows Full Enforcement of Trump Travel Ban(11.12.2017)
US Supreme Court has allowed the Trump administration to fully enforce a ban on travel to the United States by residents of six mostly Muslim countrie.....
Tags : Supreme Court, Trump Travel Ban
read»
Parliament passes ‘National Bank for Financing Infrastructure and Development Bill, 2021’(23.03.2021)
Parliament passes “National Bank for Financing Infrastructure and Development Bill, 2021” (NBFID Bill) to establish a National Bank for Financing Infr.....
Tags : National bank, Financial Infrastructure, Bill
read»
Make Plans for Urban Homeless by October 31: Supreme Court to States(19.09.2018)
Supreme Court has asked all states and Union Territories to prepare action plans for the urban homeless by October 31 and while setting the deadline, .....
Tags : Supreme Court, Urban Homeless
read»
RCom default: NCLAT Rejects Contempt Petition Against Anil Ambani(24.07.2019)
National Company Law Appellate Tribunal (NCLAT) has rejected contempt petitions filed against Reliance Group Chairman Anil Ambani and other officials .....
Tags : NCLAT, Anil Ambani
read»
Supreme Court: Union Government Cannot Freeze Assets of Punjab National Bank in Nirav Scam Case(20.02.2020)
Supreme Court had ordered that the Union Government could not have moved under company law for freezing the assets of ex-Managing Director of Punjab N.....
Tags : Supreme Court, Punjab National Bank, Nirav Scam Case
read»
NGT: No Diesel Ban in Other Cities for Now(01.06.2016)
National Green Tribunal (NGT) has said it was not planning to immediately extend the ban on diesel luxury vehicles (with an engine capacity of over 20.....
Tags : NGT, Diesel ban
read»
Limitation Act Applicable to Applications Filed Under Sec 7 and 9 of IBC from Inception of Code: SC(12.10.2018)
Supreme Court has held that the Limitation Act is applicable to applications filed under Sections 7 and 9 of Insolvency and Bankruptcy Code From the i.....
Tags : Supreme Court, Insolvency and Bankruptcy Code
read»
SEBI Eases Norms on Consolidated Numbers for Banks, Insurance Companies(13.05.2020)
Securities and Exchange Board of India (SEBI) has exempted banks and insurance companies from publishing consolidated financial results for the June q.....
Tags : Securities and Exchange Board of India, Banks, Insurance Companies
read»
Delhi HC Issues Restraining Orders on Bank Strike(12.07.2016)
Delhi HC has issued interim orders restraining staff and officers associations from going on strike against proposed merger of associate banks with St.....
Tags : Delhi HC, State Bank of India
read»
SC: NCLT Has to Admit Section 7 Petition if Debt is Due(15.05.2023)
Supreme Court while observing that even non¬-payment of a part of debt when it becomes due and payable will amount to default on part of a Corporate D.....
Tags : Supreme Court, Corporate Debtor, Insolvency and Bankruptcy Code
read»
RBI Eases FDI Norms to Boost Start-Ups(03.02.2016)
Reserve Bank of India (RBI) has relaxed several rules including Foreign Direct Investment (FDI) norms to boost start-up activity in the country.
Tags : Reserve Bank of India, Foreign Direct Investment , Start-Ups
read»
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
read»
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
read»
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
read»
Madras High Court Dismisses Plea Seeking a Ban on Chanting of Mantras in Tamil in Temples(13.09.2021)
Madras High Court has rejected a Public Interest Litigation (PIL) seeking directions to be issued to the Tamil Nadu government to withdraw the 'Annai .....
Tags : Madras High Court, Ban on Chanting of Mantras in Tamil in Temples
read»
Non-applicability of the provisions of section 31 read with clause (t) of section 56 of Banking Regulation Act, 1949 to primary co-operative banks till 31st December, 2020(29.09.2020)
In exercise of the powers conferred by sub-section (1) of section 53 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, on the .....
Tags : Non-applicability, Provisions, Co-operative banks
read»
RBI Allows Bank to Offer Lower Rate on Matured Fixed Deposits(06.07.2021)
Reserve Bank of India has allowed banks to offer the lower of either the savings deposit rate or fixed deposit rate on matured Fixed Deposits in a bid.....
Tags : Reserve Bank of India, Rate on Matured Fixed Deposits
read»
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
read»
Madras High Court Strikes Down Tamil Nadu's Law Banning Online Games with Stakes(04.08.2021)
Madras High Court has struck down the Tamil Nadu Gaming and Police Laws (Amendment) Act, 2021 which imposes a ban on playing of games such as rummy an.....
Tags : Madras High Court, Tamil Nadu's Law Banning Online Games with Stakes
read»
Delhi High Court: Finance Ministry Dept's Fine on Banks Reversed(09.09.2019)
Delhi High Court has dismissed 15 appeals by the Financial Intelligence Unit of the Finance Ministry against an order of the Appellate Tribunal of th.....
Tags : Delhi High Court, Banks
read»
NCLAT: NCLT Doesn't Have Power to Classify Transaction As Preferential Transaction(16.05.2022)
National Company Law Appellate Law Tribunal, has observed that NCLT does not have the power to suo-moto classify a transaction as a Preferential Trans.....
Tags : National Company Law Appellate Law Tribunal, Section 44, Insolvency and Bankruptcy Code, 2016, Preferential Transaction
read»
RBI Mandates Online Filing of FDI Forms from February 8(02.02.2016)
Reserve Bank of India (RBI) has asked banks to file forms related to Foreign Direct Investment (FDI) only online on the e-Biz portal from February 8.
Tags : Reserve Bank of India , Foreign Direct Investment
read»
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
read»
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
read»
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
read»
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
read»
Kerala HC Says ‘No ban on Entry of Media Personnel to Court Premises’(17.10.2016)
Kerala HC has issued a press note that said there are no restrictions on entry of media personnel to court premises for reporting purposes.
Tags : Kerala HC, media, ban
read»
Financial Service Providers Outside Purview of Insolvency and Bankruptcy Code: NCLAT(24.10.2018)
National Company Law Appellate Tribunal has held that financial service providers such as non-banking financial companies are outside the purview of t.....
Tags : NCLAT, Financial Service Providers, Insolvency and Bankruptcy Code
read»
Issue of Rs. 10 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Das, Governor(20.05.2019)
The Reserve Bank of India will shortly issue Rs. 10 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Shaktikanta Da.....
Tags : Issue, Rs. 10 Denomination, Banknotes
read»
SC Denies to Cancel Rahul Raj Singh's Anticipatory Bail(30.05.2016)
Supreme Court has denied to cancel anticipatory bail issued to Rahul Raj Singh in the Pratyusha Banerjee suicide case.
Tags : Supreme Court, Rahul Raj Singh, Pratyusha Banerjee suicide case
read»
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
read»
Delhi HC: Haryana’s Ban on Transit Violates Basic Rights(11.05.2020)
Delhi High Court has observed that the order by Haryana authorities preventing movement of doctors, nurses, Court staff and trucks to and from Delhi t.....
Tags : Delhi High Court, Haryana's Ban on Transit
read»
Reporting of Bank Guarantee on behalf of service importers discontinued(07.07.2016)
The Reserve Bank of India announced the discontinuation of submission of reports on guarantees issued by banks in favour of non-residents service prov.....
Tags : rbi, bank guarantee, service importer, reporting requirement
read»
RBI Relaxes Stressed Asset Restructuring Rules for Banks(14.06.2016)
Reserve Bank of India (RBI) has relaxed guidelines for restructuring of large stressed assets by lenders in a move that would allow the banks to more .....
Tags : Reserve Bank of India , Asset Restructuring Rules
read»
NGT Orders to De-Register Over 10-Year Old Diesel Vehicles in Delhi(18.07.2016)
National Green Tribunal has directed the Regional Transport Office, Delhi to de-register all diesel vehicles which are more than ten years old.
Tags : NGT, Ban, Diesel
read»
Madras HC Directs State to Pay Compensation to Husband of Woman Who Died(02.07.2021)
Madras High Court has directed the State Government to pay Rs. 5,00,000/- compensation to the husband of a woman who died due to non-availability of a.....
Tags : Madras High Court, Compensation to Husband of Woman Who Died
read»
Supreme Court: Restaurants with Live Band, Discos Should Obtain Licence(29.01.2018)
Supreme Court has upheld the constitutionality of ‘The Licensing and Controlling of Places of Public Entertainment (Bangalore City) Order 2005’ issued.....
Tags : Supreme Court, Live Band, Discos
read»
RBI: No Cash Withdrawal Limits Post March 13(09.02.2017)
Reserve Bank of India (RBI) has said that cash withdrawal limits, currently in place for savings bank accounts will be removed in two stages, initiall.....
Tags : Reserve Bank of India, Cash Withdrawal
read»
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
read»
RBI ends barter trade between India and Myanmar(05.11.2015)
The Reserve Bank of India has called an end to barter trade at the Indo-Myanmar Border, permissible since 2000. Noting that with a sufficiently divers.....
Tags : Myanmar, barter, end, trade, bank, 2015
read»
Bombay HC Dismisses Plea Against Burial of COVID-19 Victims in Bandra Cemeteries(25.05.2020)
Bombay High Court has dismissed the writ Petition filed by few Mumbai residents challenging the permission granted by Municipal Corporation of Greater.....
Tags : Bombay High Court, Bandra Cemeteries
read»
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
read»
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
read»
RBI Bans Investments in ‘Non-cooperative Countries’(27.01.2017)
Reserve Bank of India (RBI) has prohibited Indian entities from making direct investments in any entity located in 'non co-operative countries and ter.....
Tags : Reserve Bank of India, Non-cooperative Countries, investments
read»
ITAT, Bangalore: Payments in Foreign Currency For Travel Etc. Excludable From Export, Total Turnover(18.05.2017)
ITAT, Bangalore has held that payments made in foreign currency towards foreign travel, telecommunication expenses & ex-pat salary are excludable from.....
Tags : ITAT, Bangalore, Export, Total Turnover
read»
Suryoday Small Finance Bank Limited commences operations(23.01.2017)
Suryoday Small Finance Bank Limited has commenced its operations as a small finance bank with effect from January 23, 2017. The Reserve Bank has issue.....
Tags : Finance Bank, Small, Operations
read»
Allahabad HC Enquires Over Woman Harassed Being Forced to Return to Husband(09.07.2021)
Allahabad High Court has called for an explanation from Senior Superintendent of Police, Aligarh, and the Superintendent of Police, Kasganj as to why .....
Tags : Allahabad High Court, Woman Harassed Being Forced to Return to Husband
read»
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
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
read»
SEBI Fines ICICI Bank, Compliance Officer Rs 12 lakh for Disclosure Lapses(13.09.2019)
SEBI has levied a total fine of Rs 12 lakh on ICICI Bank Ltd and its compliance officer for disclosure lapses, including delayed disclosure of binding.....
Tags : SEBI, ICICI Bank
read»
Bombay High Court Stays Ban on Sale of Meat in Mumbai on September 17(14.09.2015)
Bombay High Court on petition challenging ban imposed in name of Jain community's 'Paryushan' fasting period, has stayed ban on sale of meat in Mumbai.....
Tags : Bombay High Court,Paryushan,Ban on Sale of Meat
read»
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
read»
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
read»
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
read»
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
read»
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
read»
Amendment in export policy of edible oils(06.08.2015)
The government notified exemptions from prohibition on export of edible oils.
Tags : export, ban, edible, oils
read»
SC: Can’t Prosecute Directors to DBS Bank for Acts of Lakshmi Vilas Bank Before Amalgamation(12.09.2023)
Supreme Court has held that DBS Bank and its directors cannot be held criminally liable for actions attributed to directors of Lakshmi Vilas Bank befo.....
Tags : Supreme Court, DBS Bank, Lakshmi Vilas Bank, Amalgamation, Criminal Liability
read»
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
read»
SARFAESI Act is applicable to Cooperative Banks(05.05.2020)
In present case, the question relates to the scope of the legislative field covered by Entry 45 of List I viz. ‘Banking’ and Entry 32 of List II of th.....
Tags : SARFAESI Act, Co-operative banks, Applicability
read»
RBI relaxes LTD guidelines for co-operative banks(07.07.2016)
The Reserve Bank of India relaxed guidelines for raising and redeeming Long Term (Subordinated Deposits by co-operative banks, replacing them instead .....
Tags : long term deposit, cooperative bank, disclosure
read»
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
read»
Madras HC Refuses to Stay Release of 'The Kerala Story' Movie(05.05.2023)
Madras High Court has dismissed the PIL seeking to ban the release of 'The Kerala Story' Movie and observed that without watching the movie it cannot .....
Tags : Madras High Court, The Kerala Story, Ban
read»
Japanese whalers hunt over 200 pregnant whales for ‘science’(04.04.2016)
Japanese fishermen’s haul of whales from their recent expedition in the Antarctic was met with an unsurprisingly apoplectic reaction from neighbouring.....
Tags : japan, whaling, scientific research, ban
read»
NGT Bans Construction in Sundarbans(07.08.2015)
National Green Tribunal (NGT), Eastern Zone Bench has ordered a blanket ban on construction in the Sundarbans.
Tags : NGT, Sundarbans
read»
Madhya Pradesh High Court Stays RBI Circular on Urban Cooperative Banks(06.09.2021)
Madhya Pradesh High Court has stayed a circular issued by the Reserve Bank of India (RBI) on June 25 which laid down several conditions related to Urb.....
Tags : Madhya Pradesh High Court, RBI Circular on Urban Cooperative Banks
read»
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
read»
Highway Booze Ban: SC Exempts Arunachal Pradesh, Andaman-Nicobar Islands(13.07.2017)
Supreme Court has relaxed 500-metre cap on liquor vends across the national and state highways in
Arunachal Pradesh and Andaman and Nicobar Islands.
Tags : Supreme Court, Highway Liquor Ban
read»
SC Dismisses Bilkis Bano's Review Petition Against Judgment Allowing Remission of Convicts'(19.12.2022)
Supreme Court has dismissed review petition filed by Bilkis Bano seeking review of judgment which held that Gujarat Government had the jurisdiction to.....
Tags : Supreme Court, Bilkis Bano, Gangrape, Remission
read»
J&K High Court Disposes off Beef Ban Petition(16.10.2015)
Jammu and Kashmir High Court has vacated Jammu Division Bench order on beef ban and also disposed off petition seeking revocation of 1864 law regardin.....
Tags : Jammu and Kashmir High Court, Beef Ban
read»
Calcutta HC: No Activity Involving Human Intervention to Take Place in Sundarban Biosphere Area(17.03.2021)
Calcutta High Court has directed to prohibit all activities in the areas, namely, Sundarban Biosphere Area, Sundarban Tiger Reserve, and the adjoining.....
Tags : Calcutta High Court, Sundarban Biosphere Area
read»
Kerala HC: Right of Creditor to Have Bank Guarantee Invoked Only During Currency of Bank Guarantee(29.04.2021)
Kerala High Court has held that the right of a creditor to have the Bank Guarantee invoked is only during the currency of the Bank Guarantee and not d.....
Tags : Kerala High Court, Bank Guarantee
read»
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
read»
Ker. HC: Translocation of Arikomban Not Answer to Man-Animal Conflicts(04.05.2023)
Kerala High Court in case pertaining to rogue elephant 'Arikomban', observed that lack of proper waste management is a reason for increasing incidents.....
Tags : Kerala High Court, Arikomban, Man-Animal Conflicts
read»
RBI Relaxes ECB Norms for Infrastructure Sector(31.03.2016)
Reserve Bank of India (RBI) has allowed all companies engaged in infrastructure sector to raise external commercial borrowings with a minimum maturity.....
Tags : Reserve Bank of India, ECB Norms
read»
Delhi HC: Weak Financial Condition of Party Cannot be Sole Ground to Deposit Security/Bank Guarantee(09.05.2022)
Delhi High Court has ruled that the weak financial condition of a party cannot be the only ground to direct the party to deposit a security or bank gu.....
Tags : Delhi High Court, bank guarantee, arbitration
read»
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
read»
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
read»
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - The Laxmi Co-operative Bank Ltd., Solapur - Extension of Period(11.05.2022)
The Reserve Bank of India, in the public interest, had issued directions to The Laxmi Co-operative Bank Ltd., Solapur, Maharashtra in exercise of powe.....
Tags : Direction, Provision, Bank
read»
#Budget2019: 2% Interest Subvention to Farmers Pursuing Animal Husbandry and Fisheries(01.02.2019)
Government has announced 2% interest subvention to farmers pursuing animal husbandry and fisheries and all farmers severely affected by severe natural.....
Tags : #Budget2019, Budget 2019, Farmers Pursuing Animal Husbandry and Fisheries
read»
"Seventeen States/UTS Have Imposed Complete Ban on Use of Polythene Bags": Minister(08.08.2017)
"As per the provisions of Plastic Waste Management Rules, 2016, the generators of waste have been mandated to take steps to minimize generation of pla.....
Tags : Ban, Polythene Bags, Use
read»
RBI Permits Lending Institutions to Allow 3-Month Moratorium on Term Loans(27.03.2020)
Reserve Bank of India has announced that all commercial banks and non-banking financial companies are permitted to allow 3-month moratorium on the pay.....
Tags : Reserve Bank of India, 3-Month Moratorium on Term Loans
read»
Madras HC: State Vicariously Liable for Neglect, Compensation Granted to Man for Injuries Upheld(25.01.2024)
Madras High Court while upholding an order granting compensation to a man who suffered injuries during a bandh, has held that State would be vicarious.....
Tags : Madras High Court, Vicarious Liability, Bandh
read»
TRUSTS & SOCIETIES - Gujarat HC Stays Anandiben Patel's Appointment as Trustee of Education Trust(28.03.2019)
Gujarat High Court has stayed an order of the Ahmedabad charity commissioner by which former Chief Minister Anandiben Patel, who is presently the Gove.....
Tags : Gujarat High Court, Anandiben Patel, Palanpur, Banaskantha District
read»
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
read»
Government Panel invites suggestions/comments from stakeholders about the provisions of the Insolvency and Bankruptcy Code and the Rules and Regulations notified there under(14.12.2017)
In the First Meeting of the Insolvency Law Committee, held on 08th December, 2017, under the Chairmanship of the Secretary, Ministry of Corporate Affa.....
Tags : Suggestions, Stakeholders, Bankruptcy Code
read»
SC Declares Noida As Operational Creditor Under IBC(18.05.2022)
Supreme Court has ruled that the NOIDA is an operational creditor under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).
Tags : Supreme Court, NOIDA, Insolvency and Bankruptcy Code, 2016, creditor
read»
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
read»
NCLAT: Dissenting Financial Creditor Entitled to Liquidation Value of its Secured Interest only(28.10.2024)
The National Company Law Appellate Tribunal (NCLAT) has observed that as per Section 30(2)(b) of Insolvency and Bankruptcy Code, 2016 (IBC), a dissent.....
Tags : National Company Law Appellate Tribunal, Section 30(2)(b), Insolvency and Bankruptcy Code, 2016
read»
RBI Releases First Bi-monthly Monetary Policy Statement, 2016-17(05.04.2016)
Reserve Bank of India (RBI) has released First Bi-monthly Monetary Policy Statement, 2016-17, lowered key interest rates by 25 basis points to 6.5 per.....
Tags : Reserve Bank of India , First Bi-monthly Monetary Policy Statement, 2016-17
read»
NCLAT: Threshold of Rs.1 Crore Is Required for Initiation of CIRP(12.05.2022)
National Company Law Appellate Tribunal (NCLAT) has ruled that an application filed after 24.03.2020 under Section 7 of the Insolvency and Bankruptcy .....
Tags : National Company Law Appellate Tribunal, Section 7, Insolvency and Bankruptcy Code, 2016, threshold, One Crore
read»
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
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
read»
NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution(16.05.2022)
National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
read»
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
read»
AP HC Issues Notice on Imposition of Blanket Ban on Stage Play Chintamani(03.02.2022)
Andhra Pradesh High Court has issued notices be served on the government, CEO of the AP State Creative and Culture Commission and AP Arya Vysya Mahasa.....
Tags : Andhra Pradesh High Court, Blanket Ban on Stage Play Chintamani
read»
SC Stays Chhattisgarh HC Order Granting Partial Interim Relief to Pharmacy Colleges(09.02.2022)
Supreme Court has stayed the order of Chhattisgarh High Court granting partial Interim Relief to Pharmacy colleges challenging the 5-year ban imposed .....
Tags : Supreme Court, Pharmacy Colleges Ban
read»
ITAT Bangalore: Income from Sale of Cocoons Taxable as “Other Income”(12.06.2019)
Income Tax Appellate Tribunal (ITAT), Bangalore has noted that the income received from the sale of cocoons is not agricultural income and is taxable .....
Tags : ITAT Bangalore, Other Income
read»
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
read»
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
read»
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
read»
Delhi HC Seeks Centre’s Reply over Immediate Ban on 19 Pesticides(17.10.2016)
Delhi HC has asked the Centre to file its opinion over a plea seeking an immediate ban on 19 pesticides as recommended by an expert panel on ground th.....
Tags : Delhi HC, ban, pesticides. carcinogenic
read»
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
read»
Bilkis Bano Case:Apex Court Directs Gujarat Govt to Pay Compensation and Provide Job Within Two Weeks(30.09.2019)
Apex Court has directed Gujarat Government to pay compensation and provide job to Bilkis Bano within two weeks. The Court had awarded a compensation o.....
Tags : Apex Court, Bilkis Bano Case
read»
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
read»
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
read»
NGT Gives Approval for Construction of India’s Future Largest Dam(16.11.2018)
National Green Tribunal has given its nod to construction of 2,880 MW Dibang Multipurpose Project (DMP) in Lower Dibang Valley district of Arunachal P.....
Tags : NGT, Dibang Multipurpose Project
read»
SC: Bombay High Court Verdict Upholding Hijab Ban in College Challenged(06.08.2024)
A plea challenging verdict of Bombay High Court upholding the ban imposed on the wearing of hijab, nakab, burkha, stole, cap, etc., by students on cam.....
Tags : Supreme Court, Bombay High Court, Hijab Ban, Private College
read»
Bombay High Court Restricts Canara Bank from Taking Possession of Worli Bungalow(09.10.2019)
Bombay High Court has restricted Canara Bank from taking over a bungalow in Worli locality of Mumbai from one of its borrowers and guarantor of a loan.....
Tags : Bombay High Court, Canara Bank
read»
RBI Updates Norms of Fema(05.02.2016)
Reserve Bank of India (RBI), with an aim to promote ease of doing business, has come out with nine updated rules under the Foreign Exchange Management.....
Tags : Reserve Bank of India , oreign Exchange Management Act (Fema), 1999
read»
SC: NBFCs Cannot be Regulated by State Enactments(11.05.2022)
Supreme Court has ruled that state laws cannot govern Reserve Bank of India-regulated non-banking financial companies (NBFCs). The top court stated th.....
Tags : Supreme Court, Non-banking financial companies, Reserve Bank of India
read»
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
read»
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
read»
NCLAT: Insolvency Cannot be Initiated on Basis of Unpaid LTC And Leave Encashment Dues(16.05.2022)
National Company Law Appellate Tribunal, has ruled that the welfare claims such as Leave Encashment, superannuation dues are not operational debt for .....
Tags : National Company Law Appellate Tribunal, Leave Encashment, Corporate Debtor, Section 9, Insolvency & Bankruptcy Code, 2016, superannuation dues
read»
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
read»
Delhi HC: Husband’s Changed Circumstances Must be Considered While Determining Maintenance(13.06.2022)
Delhi High Court has held financial capacity of the husband with reasonable expenses for his own maintenance, and dependant family members whom he is .....
Tags : Delhi High Court, Maintenance, Husband
read»
Del. HC to Centre: Expeditiously Decide Plea Seeking to Ban Licence for Keeping Dangerous Dogs(07.12.2023)
Delhi High Court has directed the Central Government to expeditiously decide within three months, a plea seeking to cancel and ban the license for kee.....
Tags : Delhi High Court, Dangerous Dogs, Ban
read»
Mad. HC: Can’t Keep a Shop Closed Forever Merely Because it had Banned Tobacco Product for Sale(04.01.2024)
Madras High Court while observing that sealing a shop affects the right to livelihood of a person guaranteed under Article 19(1)(g) of the Constitutio.....
Tags : Madras High Court, Shop, Livelihood, Banned Tobacco Products
read»
ITAT Bangalore: Expenditure Incurred on Issuance of Debentures is Revenue Expenditure(01.06.2017)
ITAT Bangalore has directed the AO to allow expenditure incurred in relation to issuance of debentures as it constitute revenue expenditure under the .....
Tags : ITAT Bangalore, Revenue Expenditure
read»
Delhi HC Asks Kunal Kamra to Move Appropriate Authority with Challenge Against Travel Ban(20.03.2020)
Delhi High Court has refused to entertain the Petition filed by the comedian, Kunal Kamra challenging the travel ban imposed on him by Indigo Airlines.....
Tags : Delhi High Court, Kunal Kamra, Travel Ban
read»
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
read»
RBI Maintains Status Quo, Keeps REPO Rate Unchanged at 6.25%(07.06.2017)
Reserve Bank of India (RBI) has held on to policy rate at 6.25 percent in its monetary policy review on June 7, 2017, the second bi-monthly review for.....
Tags : Reserve Bank of India, REPO Rate
read»
Karnataka HC Upholds Order Banning Sand Extraction from Rivers During Rainy Seasons(19.05.2021)
Karnataka High Court has upheld the order of the Department of Mines and Geology prohibiting sand extraction from rivers during rainy season, observin.....
Tags : Karnataka High Court, Order Banning Sand Extraction from Rivers
read»
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
read»
SC: Under NDPS Act, ‘Ganja Seeds’ are Not a Banned Contraband(28.04.2023)
Supreme Court while granting bail to a man accused of supplying ganja seeds for cultivation, has observed that as per NDPS Act, Ganja seed is not a ba.....
Tags : Supreme Court, NDPS Act, Ganja Seeds, Banned, Contraband
read»
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
read»
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
read»
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
read»
RBI to Banks: Provide Loans to Women SHGs at 7%(26.08.2016)
Reserve Bank of India (RBI) has asked banks to provide loans to women self-help groups (SHGs) at 7 per cent per annum, as per the government's revised.....
Tags : Reserve Bank of India, self-help groups
read»
Supreme Court: Money Deposited by Customer in Bank is Not Held as Trustee(28.12.2021)
Supreme Court has observed that the money that is deposited by the customer in the bank is not held by it as a trustee but it becomes a part of the ba.....
Tags : Supreme Court, Money Deposited by Customer in Bank
read»
All. HC: It’s an Obligation of Bank Officials to Fully Co-operate in Criminal Investigations(29.04.2024)
Allahabad High Court has observed that bank officials are expected to be law-abiding citizens who are under an obligation of law to cooperate in crimi.....
Tags : Allahabad High Court, Criminal Investigations, Bank Officials
read»
NGT Bans Disposable Plastics in Delhi-NCR From January 01, 2017(05.12.2016)
National Green Tribunal (NGT) has banned use of disposable plastic, which is mainly used in grocery and plastic tea cups like items in Delhi and Natio.....
Tags : National Green Tribunal, disposable plastic, Ban
read»
Bombay HC Rejects Intervention Application of Godhra Riots Survivor(27.10.2016)
Bombay High Court while rejecting Intervention Application (IA) filed by Bilkis Bano, survivor of a gang-rape and witness to murder of her family, in .....
Tags : Bombay High Court, Intervention Application, Bilkis Bano, Godhra riots
read»
SC Stays Uttarakhand HC Order Banning Fatwas(15.03.2023)
Supreme Court has made absolute the interim stay on the Uttarakhand High Court’s order that banned religious outfits and statutory panchayats/local pa.....
Tags : Supreme Court, Fatwas, Ban, Stay
read»
Delhi HC Grants One More Day to RBI For Finalizing Stand on Tata-Docomo Arbitration Award(15.03.2017)
Delhi High Court has allowed Reserve Bank of India (RBI) a further day to finalise its stand on enforcement of $ 1.18 billion Tata Sons-NTT DoCoMo arb.....
Tags : Delhi High Court , Reserve Bank of India, Tata Sons-NTT DoCoMo
read»
Delhi HC Upholds CIC Order Denying Information to Husband About Complaints Filed by Estranged Wife(31.08.2021)
Delhi High Court has upheld an order passed by Central Information Commission denying information to a husband about complaints lodged by his estrange.....
Tags : Delhi High Court, Information to Husband About Complaints Filed by Estranged Wife
read»
RBI Keeps Repo Rate Unchanged at 6%, Raises Inflation Forecast for Next Two Quarters(06.12.2017)
Reserve Bank of India (RBI) has kept repo rate unchanged at 6 percent. The inflation forecast for the next two quarters has been increased from 4.2 - .....
Tags : Reserve Bank of India
read»
Calcutta HC: Application to Set Aside Arbitral Award Cannot Be Put on Hold Due to Invocation of IBC(20.01.2020)
Calcutta High Court has stated that an application to set aside an arbitral award under the Arbitration and Conciliation Act, 1996 cannot be kept in a.....
Tags : Calcutta High Court, Set Aside of Arbitral Award, Insolvency and Bankruptcy Code Provisions
read»
RBI Permits Custodians or Banks to Short-Sell in Govt. Bond Market(30.10.2015)
Reserve Bank of India (RBI) has permitted custodians or banks to short-sell in Government Bond Market with primary members or individual bank customer.....
Tags : Reserve Bank of India, Government Bond Market, Custodians , Banks
read»
RBI Grants Approval for First Conversion from Urban Cooperative Bank to Small Finance Bank(07.01.2020)
Reserve Bank of India has granted ‘in-principle’ approval to Saharanpur-based, Shivalik Mercantile Cooperative Bank to convert from an Urban Cooperat.....
Tags : RBI, Small Finance Bank
read»
RBI Eases Authentication Rules for Online Card Transactions(07.12.2016)
Reserve Bank of India (RBI) has removed two-factor authentication for online card transactions involving sums up to Rs2,000 in a move aimed at simplif.....
Tags : Reserve Bank of India, Online Card Transactions
read»
RBI Revises Norms For Action Against Weak Banks(14.04.2017)
Reserve Bank of India (RBI) has tightened rules that trigger regulatory action on lenders when they fall short of capital or exceed bad loan limits.
Tags : Reserve Bank of India, Weak Banks
read»
Court of Arbitration for Sport Cuts Down Four-Year Ban on Russia from World Athletic Events(18.12.2020)
Court of Arbitration for Sport has cut the four-year ban on Russia competing in international athletic competition because of its state-sponsored dopi.....
Tags : Court of Arbitration for Sports, Ban on Russia from World Athletic Events
read»
Press Release regarding draft regulations under FEMA and directions to Authorised Dealer banks(02.07.2024)
Over the years, the Reserve Bank has been progressively liberalising policies governing foreign exchange transactions, under FEMA, 1999. In continuati.....
Tags : FEMA, Reserve Bank
read»
RBI Relaxes Deposits Norm of More Than Rs 5,000 in Old Denominations For KYC A/Cs(21.12.2016)
Reserve Bank of India has relaxed its notification, specifying that deposits of over 5000 rupees could be made only after furnishing a satisfactory re.....
Tags : Reserve Bank of India, Old Denominations, Deposits, KYC A/Cs, demonetisation
read»
RBI: Rs. 2000 Notes Withdrawn from Circulation; Will Continue as Legal Tender(22.05.2023)
Reserve Bank of India in pursuance of its Clean Note Policy has announced the withdrawal of Rs. 2000 banknotes from circulation. The notes to be conti.....
Tags : Reserve Bank of India, Clean Note Policy, Rs. 2000, Legal Tender
read»
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
read»
NGT Questions AAP Government’s Move to Lift Ban on Construction in Delhi(17.11.2016)
National Green Tribunal (NGT) has questioned Delhi Government’s decision to lift ban on construction imposed by it earlier this month in a bid to cont.....
Tags : National Green Tribunal, Delhi Government, Ban , Construction
read»
Supreme Court: Woman Gets Nod to Stay With In-Laws While Husband is in jail(03.06.2019)
Supreme Court has permitted a 22-year-old woman to stay with the family of her husband who is serving a life sentence for murder, setting aside a Madr.....
Tags : Supreme Court, Husband
read»
Insolvency Proceedings Initiated Against Himalayan Mineral Water by NCLT(11.06.2024)
National Company Law Tribunal (NCLT) on a plea by Jammu and Kashmir Bank has ordered initiation of insolvency proceedings against Himalayan Mineral Wa.....
Tags : NCLT, Jammu and Kashmir Bank, Himalayan Mineral Water
read»
P&H HC: Even Professional Beggar has Moral & Legal Liability to Maintain His Wife(30.03.2023)
Punjab and Haryana High Court has observed that a husband has got a moral and legal liability to maintain his wife unable to maintain herself, even if.....
Tags : Punjab and Haryana High Court, Maintain, Beggar, Husband
read»
RBI to Banks: Pay Interest on Savings Account Every Quarter(16.03.2016)
Reserve Bank of India (RBI) has asked banks to pay interest on their customers’ savings accounts on a quarterly basis or shorter duration.
Tags : Reserve Bank of India, savings accounts
read»
SC Sets Aside Bail Condition to Furnish Bank Guarantee(14.06.2023)
Supreme Court has set aside a bail condition imposed by High Court to furnish Bank Guarantee worth Rs. 2 Crore by the accused and modified the same by.....
Tags : Supreme Court, Bank Guarantee, Bail Bond
read»
Calcutta HC Dismisses Bail Plea by Bangladeshi National(20.04.2020)
Calcutta High Court has denied bail to a Bangladeshi national, who has been in custody for 270 days, arrested under Sections 411 and 414 of the Indian.....
Tags : Calcutta High Court, Bail Plea by Bangladeshi National
read»
J&K&L HC: No Previous Sanction Required to Prosecute Bank Officials Regarding IPC/RPC Offences(17.05.2022)
Jammu and Kashmir and Ladakh High Court has observed that there is no need to obtain the previous sanction to prosecute bank officials in connection w.....
Tags : Jammu and Kashmir and Ladakh High Court, bank, Indian Penal Code, 1860, Ranbir Penal Code, 1932
read»
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
read»
Manipur HC to State: Lift Internet Ban on Leased Line Connections(10.07.2023)
Manipur High Court has directed the State to lift the ban on the Internet Lease Line connections after ensuring that all the stakeholders have complie.....
Tags : Manipur High Court, Internet, Ban
read»
Calcutta HC Issues Notice in Mamata Banerjee's Election Petition Against Nandigram Results(15.07.2021)
Calcutta High Court has issued notice to Suvendu Adhikari, the elected candidate of BJP on the election petition filed by West Bengal Chief Minister M.....
Tags : Calcutta High Court, Suvendhu Adhikari, Mamata Banerjee, Nandigram Election Results
read»
RBI Notifies Increase in FPI Holding Limits(07.10.2015)
Reserve Bank of India (RBI) has notified that Foreign Portfolio Investors (FPI) would be able to hold up to R1.66 lakh crore worth of government secur.....
Tags : Reserve Bank of India ,Foreign Portfolio Investors
read»
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
read»
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
read»
Calcutta HC Restrains Special Audit of Bank Headed by BJP MLA Suvendu Adhikari(19.07.2021)
Calcutta High Court has held that the West Bengal government's Co-operative Department shall not conduct a special audit of the Contai Cooperative Ban.....
Tags : Calcutta High Court, Special Audit of Bank Headed by BJP MLA Suvendu Adhikari
read»
Calcutta High Court Questions IAS Officer Alapan Bandyopadhyay’s Appointment as SEC(12.10.2015)
Calcutta HC has questioned State Govt’s decision to appoint senior IAS officer Alapan Bandyopadhyay, as the acting State Election Commissioner (SEC) a.....
Tags : Calcutta HC , State Govt, IAS Officer Alapan Bandyopadhyay, State Election Commissioner
read»
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
read»
Guj. HC: Promissory Estoppel Applies if Customer Acts on Basis of Bank's One Time Settlement Scheme(12.07.2022)
Gujarat High Court has held that once a customer acts on the basis of offer made by a Bank under its One Time Settlement scheme, the principle of prom.....
Tags : Gujarat High Court, Promissory Estoppel, Bank
read»
SC Notices Maharashtra Govt. over Beef Ban(02.09.2016)
SC has issued notice to Maharashtra Government on its complete ban on beef and its export in the State.
Tags : SC, Beef Ban
read»
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
read»
RBI Shortlists 10 Micro Lenders to Set Up Small Banks(17.09.2015)
RBI has shortlisted 10 micro lenders to set up small banks to advance loans primarily to unbanked, small businesses , farmers, micro industries, small.....
Tags : RBI ,small banks
read»
MP HC Directs Police to Take Action against Companies Wholesaling Banned Contraband Drugs Online(23.01.2025)
Madhya Pradesh High Court has directed the police and Narcotic Bureau as well as Drug Controller to take immediate action against the owner/stake hold.....
Tags : MP High Court, Narcotic Bureau, Contraband Drugs
read»
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
read»
SCDRC Directs Bank to Pay 1L Compensation For Failure to Inform Loan Applicant of Rejection(02.05.2017)
State Consumer Disputes Redressal Commission, Maharashtra has held that failure to inform an applicant about rejection of his loan application constit.....
Tags : State Consumer Disputes Redressal Commission, Loan, Bank
read»
SC Upholds Rajasthan HC Order Dismissing PIL Seeking Ban on ‘Dream 11’ Game(05.08.2021)
Supreme Court has upheld a Rajasthan High Court order dismissing a Public Interest Litigation that sought ban of online game known as "Dream 11".
Tags : Supreme Court, Ban on ‘Dream 11’ Game
read»
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
read»
RBI imposes monetary penalty on The Jammu and Kashmir Bank Ltd(14.11.2018)
The Reserve Bank of India (RBI) has imposed, by an order dated November 05, 2018, a monetary penalty of Rs. 30 million on The Jammu and Kashmir Bank L.....
Tags : Penalty, Imposition, Bank
read»
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
read»
NGT Seeks Health Ministry’s, MoEF’s Response over Plea Seeking Ban on Mercury Equipments(08.02.2016)
National Green Tribunal (NGT) has sought Government's Response over plea seeking ban of mercury-based equipments in hospitals to prevent spillage of t.....
Tags : National Green Tribunal, Ban on Mercury Equipments
read»
Karnataka High Court Restrains IDBI Bank Employees from Carrying Out Strike(28.03.2016)
Karnataka HC while passing order on the petition filed by the IDBI Bank’s management challenging the notices issued by United Platform of Bank Unions .....
Tags : Karnataka High Court, IDBI Bank
read»
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
read»
Implementation of Indian Accounting Standards(23.06.2016)
RBI asked banks to submit Proforma Ind AS (Indian Accounting Standards) Financial Statements for half year ending 30 September 2016 by 30 November 201.....
Tags : ind as, banks, financial statements
read»
Gujarat HC Dismisses PIL against Sudhir Mankad’s Appointment to RBI(26.07.2016)
Gujarat HC has junked PIL challenging appointment of ex-Chairman of Gujarat International Finance Tec-City (GIFT-City) Sudhir Mankad as a Non-Officiat.....
Tags : Gujarat HC, Sudhir Mankad , Reserve bank of India
read»
CESTAT, Delhi Directs Department to Allow Refund of Excise Duty Paid by Ray-Ban India(06.07.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi has directed the central excise department to allow refund of excise duty paid by t.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Ray-Ban India
read»
RBI Operationalise CFR(22.01.2016)
Reserve Bank of India (RBI), in order to minimize frauds, has operationalised a Central Fraud Registry (CFR) with effect from January 20.
Tags : Reserve Bank of India, Central Fraud Registry
read»
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
read»
RBI Revises Norms for NBFC Factor Firms(19.02.2016)
Reserve Bank of India (RBI) has came out with clarifications for NBFC factor companies to remove any possible regulatory arbitrage with banks that pro.....
Tags : Reserve Bank of India , NBFC factor companies
read»
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
read»
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
read»
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
read»
Tamil Nadu Health System Reform Program, Signing of $287 Million World Bank loan to improve healthcare in the State of Tamil Nadu(04.06.2019)
The Government of India, Government of Tamil Nadu (GoTN) and the World Bank signed here today in New Delhi a $287 Million Loan Agreement for the Tamil.....
Tags : Reform Program, World Bank, Loan, Healthcare
read»
RBI Relaxes Rules for ECBs(01.07.2016)
Reserve Bank of India (RBI) has said eased rules for External Commercial Borrowings (ECBs) and said that Indian companies will need to submit for appr.....
Tags : Reserve Bank of India, ECBs
read»
Bombay HC: Account Holder Not Liable For Unauthorized Transactions Due To Third Party Breach(17.06.2024)
Bom. HC while directing Bank of Baroda to refund Rs. 76,90,017 to a company who lost the amount in a cyber fraud involving unauthorized electronic ban.....
Tags : Bombay High Court, OTP, Bank of Baroda
read»
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
read»
RBI Revises Rules for Resolution of Stressed MSME Loans(18.03.2016)
Reserve Bank of India (RBI) has revised rules pertaining to revival of advances to small businesses and asked lenders to form district-level committee.....
Tags : Reserve Bank of India , MSME
read»
HP HC Upholds Guidelines by NABARD Regarding Appointment of Auditors for Cooperative Banks(26.06.2023)
Himachal Pradesh High Court has upheld guidelines issued by NABARD regarding the appointment of statutory auditors for Cooperative Banks and observed .....
Tags : Himachal Pradesh High Court, Guidelines, NABARD, Cooperative Banks
read»
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
read»
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
read»
SC Refuses Urgent Listing for Plea Against Firecrackers Ban in Delhi-NCR(13.10.2022)
Supreme Court while refusing to grant urgent listing for matter pertaining to bursting of green crackers on Diwali, has stated that the matter shall b.....
Tags : Supreme Court, Urgent Listing, Firecracker Ban
read»
Supreme Court: Time Constraints of Land Acquisition are Not Applicable to BDA Act(06.08.2018)
Supreme Court, while reiterating that the time constraints of land acquisition are not applicable to Bangalore Development Authority Act, has set asid.....
Tags : Supreme Court, Bangalore Development Authority
read»
Advance against pledge of gold ornaments and jewellery(15.10.2015)
Reserve Bank of India has extended its policy standardising the valuation of gold jewellery presented towards security or collateral to cooperative ba.....
Tags : Valuation, gold, ornaments, jewllery, cooperative bank
read»
NCLAT: Initiation Of CIRP Not A Pre-Requisite To Initiate IRP Against The Personal Guarantor(28.01.2022)
NCLAT has held that initiation of Corporate Insolvency Resolution Process is not a pre-requisite to initiate Insolvency Resolution Process (IRP) again.....
Tags : Insolvency and Bankruptcy Code, NCLAT, Corporate Insolvency Resolution Process
read»
RBI Allows Banks to Use Statutory Reserves for AT1 Bond Coupon Payment(03.02.2017)
Reserve Bank of India has allowed banks to use statutory reserves to pay coupon (interest) on additional Tier-I bonds, subject to certain riders.
Tags : Reserve Bank of India, Tier-I bonds
read»
SC to Bank: ‘You Don't Go After Big Fish, But You Harass Poor Farmers’(17.05.2022)
Supreme Court has pulled up the Bank of Maharashtra for challenging an order of the Madhya Pradesh High Court directing it to accept the One Time Sett.....
Tags : Supreme Court, Bank of Maharashtra, One Time Settlement, Madhya Pradesh High Court
read»
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
read»
Supreme Court Notices Centre Over RBI's Refusal to Exchange Demonetised Notes(06.03.2017)
Supreme Court has issued a notice to Central Government on a plea challenging Reserve Bank of India’s (RBI) refusal to accept Rs 500 and Rs 1,000 note.....
Tags : Supreme Court, Demonetised Notes, Reserve Bank of India
read»
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
read»
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
read»
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
read»
US Supreme Court Partially Allows President Trump’s Executive Order On Travel Ban(27.06.2017)
United States Supreme Court has partially allowed President Trump’s Travel Ban order that imposes a ban on entry of individuals from six countries nam.....
Tags : United States Supreme Court, Travel Ban
read»
RBI Issues 17 Master Directions Related to FEMA(05.01.2016)
Reserve Bank of India (RBI) has issued 17 Master Directions covering foreign exchange transactions on various regulatory issues in order to simplify .....
Tags : Reserve Bank of India, Master Directions
read»
CIC: Husband Not Entitled to Seek Information Regarding Bank Details & ITR of His Wife(25.01.2021)
Central Information Commission has said that a husband is not entitled to seek information regarding bank details & income tax returns of his wife und.....
Tags : Central Information Commission, Bank Details and ITR of Wife
read»
Supreme Court: Any Direction Issued by RBI Derived from Statutory Power is Binding(05.01.2022)
Supreme Court has stated that Reserve Bank of India (RBI) has wide supervisory powers over financial institutions like SIDBI, in furtherance of which,.....
Tags : Supreme Court, Reserve Bank of India, Supervisory Powers
read»
Madras HC Grants Interim Relief to Singer 'Mahanadhi' Shobana in Copyright Infringement Suit(11.03.2020)
Madras High Court has restrained Symphony Recording Company Ltd from distributing, manufacturing or selling the songs of the famous Tamil singer 'Maha.....
Tags : Madras High Court, 'Mahanadhi' Shobana
read»
Delhi HC Seeks Response in Bail Plea Filed by Yes Bank Founder in Money Laundering Case(17.02.2022)
Delhi High Court has sought response of the Enforcement Directorate in the bail plea filed by Yes Bank founder Rana Kapoor in a money laundering case .....
Tags : Delhi High Court, Yes Bank Founder, Money Laundering Case
read»
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
read»
Bank Scam: Supreme Court Refuses to Stop Probe Against Ajit Pawar and Seventy Others(02.09.2019)
Supreme Court has refused to interfere with the Bombay High Court's direction for the police to register an FIR against NCP leader Ajit Pawar and over.....
Tags : Supreme Court, Bank Scam
read»
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
read»
SC Allows Caretaker Trust to Operate Bank Accounts Towards Philanthropic Causes(22.10.2020)
Supreme Court has allowed the Maharawal Khewaji Trust that manages the Rs 20,000 Crores worth property of the last ruler of the erstwhile princely sta.....
Tags : Supreme Court, Operation of Bank Accounts
read»
Section 23 of the Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy.(06.08.2015)
In order to allow banks greater operational freedom, the Reserve Bank of India reviewed instructions regarding merger, closure, shifting, part shiftin.....
Tags : bank, branch, opening, policy
read»
Telangana HC: Scrutiny By IT Department Barred For The Period Covered By The Resolution Plan(28.01.2022)
Telangana High Court has observed that for the period covered by the Resolution Plan, Income Tax Department cannot carry out any scrutiny or assessmen.....
Tags : Income Tax Act, Insolvency and Bankruptcy Code, Corporate Debtor, Financial Creditor
read»
SC: Bank Officers Dealing in Public Money to be Vigilant(09.02.2021)
Supreme Court has said bank officers dealing in public money need to be vigilant and any deviation from the procedural guidelines for disbursing loans.....
Tags : Supreme Court, Bank Officers Dealing in Public Money
read»
Calcutta HC Issues Notice on Questions Related to Aviation Security of CM Mamata Banerjee(22.03.2022)
Calcutta High Court has sought the Centre's response on questions related to aviation security of West Bengal chief minister Mamata Banerjee. The Cour.....
Tags : Calcutta High Court, Aviation Security of CM Mamata Banerjee
read»
Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel(24.11.2016)
In view of the withdrawal of legal tender character of the Specified Banknotes (SBN) demand for cash is expected from Government officials and pension.....
Tags : Demand, Bank notes, Government officials
read»
Union’s Circular Banning Twenty-Three Breeds of Dogs Banned by Karnataka High Court(11.04.2024)
Karnataka High Court has quashed the circular issued by Union Ministry of Fisheries, Animal Husbandry and Dairying Department that banned twenty-three.....
Tags : Karnataka High Court, Twenty-Three Breeds, Dogs Banned
read»
RBI clarifies: No change in existing Currency and Banknotes(06.06.2022)
There are reports in certain sections of the media that the Reserve Bank of India is considering changes to the existing currency and banknotes by rep.....
Tags : No change, Currency, Banknotes
read»
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
read»
SC: If Prosecution Fails to Disprove Accused’s Plea of Alibi then Conviction Won’t be Justified(10.04.2025)
Supreme Court while setting aside a husband’s conviction for murdering his wife has observed that conviction is not justified if the husband raised th.....
Tags : Supreme Court, Husband’s Conviction, Plea Of Alibi
read»
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
read»
NGT Seeks Complete Ban on Plastic Bags in Punjab and Haryana(18.01.2016)
National Green Tribunal (NGT) has prohibited use of plastic carry bags in various areas of Punjab and Haryana and sought responses on imposition of a .....
Tags : National Green Tribunal, Punjab and Haryana, Ban on Plastic Bags
read»
AP HC: Bail Under Section 37 NDPS Act Not Applicable to Non-Commercial Quantity Contraband(16.02.2022)
Andhra Pradesh High Court has granted regular bail to an accused under Narcotics Drugs and Psychotropic Substances Act, 1985, noting that the rigours .....
Tags : Andhra Pradesh High Court, Non-Commercial Quantity Contraband
read»
Bombay High Court:Vague And General Allegations Not Enough to Incriminate Remote Relatives of Husband(14.06.2019)
Bombay High Court has noted that in cases where overt acts are attributed to persons other than the husband, such accusations need to be proved beyond.....
Tags : Bombay High Court, Husband
read»
RBI Permits Regional Rural Banks (RRB) to Launch Internet Banking(20.11.2015)
Reserve Bank of India (RBI) has allowed strong regional rural banks to launch online transaction through internet banking. Profitable RRBs with minimu.....
Tags : Reserve Bank of India , RRB
read»
Karnataka HC Directs State to Ensure No Protest Held in Bangalore City Except at Freedom Park(04.03.2022)
Karnataka High Court has directed the state government to forthwith ensure that no protest, meetings, processions, etc. are held in the city of Bengal.....
Tags : Karnataka High Court, No Protest Held in Bangalore City
read»
RBI Eases Stressed Asset Resolution Norms(11.11.2016)
Reserve Bank of India (RBI) has eased rules for various stressed asset resolution schemes and expanded scope of a loan recast plan previously limited .....
Tags : Reserve Bank of India , infrastructure sector, Stressed Asset Resolution
read»
NCLAT: No Bar in Pendency of Execution Proceedings u/s 9 IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the pendency of an execution petition does not bar the operational creditor from filing a pe.....
Tags : National Company Law Appellate Tribunal, execution petition, Section 9 of the Insolvency and Bankruptcy Code, 2016
read»
Extending value-added services through ATMs(23.03.2016)
The Reserve Bank of India has permitted Primary (Urban) Co-operative Banks and State Co-operative Banks to offer all their products and services throu.....
Tags : Atm, value added services, co-operative bank
read»
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
read»
ITAT: TDS Applicable to Payments Towards Channel Carriage Fees, Up-Linking, Bandwidth Charges(17.05.2017)
ITAT Kolkata has held that payments on account of channel carriage fees, up-l inking charges and Bandwidth charges are not in nature of payment toward.....
Tags : ITAT, Kolkata, Carriage Fees, Up-Linking, Bandwidth Charges
read»
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
read»
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
read»
Punjab and Maharashtra Co-operative Bank Ltd. branches to operate as Unity Small Finance Bank Ltd.(25.01.2022)
The Government of India has today sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Ba.....
Tags : Branches, Operation, Unity Small Finance Bank Ltd.
read»
Delhi High Court Directs Supreme Court Registry to Supply Necessary Documents to Police(26.02.2020)
Delhi High Court has directed the Supreme Court's Registry to supply documents required for the investigation in a plea seeking quashing of First Info.....
Tags : Delhi High Court, Anil Ambani Contempt Case
read»
Supreme Court: High Way Booze Ban Not Applicable to Bars, Outlets Within Municipal Areas(24.08.2017)
Supreme Court has clarified that high way liquor ban imposed by it is not applicable to licenced bars and beverages outlets within municipal area.
Tags : Supreme Court, Highway Liquor Ban
read»
Withdrawal of all old series of Banknotes issued prior to 2005(23.12.2015)
The Reserve Bank of India has extended the date by which pre-2005 banknotes are to be exchanged to 30 June, 2016. An earlier notification had set 31 D.....
Tags : Banknotes, old series, 2005, withdrawal
read»
Bombay HC Rejects Bail Application of YES Bank Promoter Rana Kapoor(08.02.2021)
Bombay High Court has rejected the bail application of YES Bank promoter Rana Kapoor, a prime accused in the Rs 5050 crore money laundering scam being.....
Tags : Bombay High Court, YES Bank Promoter Rana Kapoor
read»
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
read»
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
read»
Change in Bank Rates(08.02.2023)
1. Please refer to circular DOR.RET.REC.88/12.01.001/2022-23 dated December 07, 2022 on the captioned subject.
2. As announced in the Moneta.....
Tags : Change, Bank Rate, Monetary Policy
read»
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
read»
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
read»
RBI launches Survey on International Trade in Banking Services (ITBS): 2019-20(24.09.2020)
The Reserve Bank of India has launched the 2019-20 round of its annual Survey on International Trade in Banking Services (ITBS).
The survey,.....
Tags : Survey, International Trade, Banking Services
read»
Bandipora Rape Case: Jammu and Kashmir High Court Directs IGP to File Status Report by Friday(15.05.2019)
J & K HC took suo moto cognizance of the Bandipora rape case of a three-year-old girl and directed IG of Police (Kashmir zone) to file a status report.....
Tags : Jammu and Kashmir, Bandipora
read»
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.
read»
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
read»
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
read»
NCLAT Upholds Canara Bank’s Claims for Loans Advanced to CD on behalf of Homebuyers(14.01.2025)
NCLAT New Delhi bench has upheld the claims of Canara Bank for loans advanced to the corporate debtor (CD) on behalf of the Homebuyers for the reason .....
Tags : NCLAT New Delhi, Canara Bank, Corporate Debtor
read»
Allahabad HC: Non-Reporting of Seizure of Bank Account to Magistrate Doesn't Make Seizure Illegal(06.06.2022)
Allahabad High Court has observed that non-reporting of the seizure of a bank account, seized by police under Section 102 Code of Criminal Procedure, .....
Tags : Allahabad High Court, bank account, Illegal
read»
NCLT, Mumbai Initiates Insolvency Process Against Anil Ambani Over Personal Guarantee(24.08.2020)
National Company Law Tribunal, Mumbai has allowed an application filed by State Bank of India to initiate insolvency proceedings against Reliance Comm.....
Tags : National Company law Tribunal, Anil Ambani
read»
SC: Principle of Mutuality not Applicable to Income from Deposits in Member Banks(21.08.2023)
Supreme Court has held that if any income is earned by the Clubs through deposits made by clubs in banks that are members of the club, such income wou.....
Tags : Supreme Court, Principle of Mutuality, Clubs, Banks
read»
There is no unjustified discrimination, when detained patients are compared with general public at liberty(11.04.2017)
In instant case, challenge by application for judicial review is to legality of comprehensive ban on smoking at State Hospital at Carstairs which Stat.....
Tags : Smoking, Ban, Legality
read»
SC: Direction Can be Issued to Transfer Compensation to Bank Account of Claimants(19.03.2025)
SC has observed that the general practice followed by insurance companies, where compensation is not disputed, is to deposit it before the Tribunal. I.....
Tags : Supreme Court, Compensation, Bank Account
read»
Withdrawal of Rs. 2000 Denomination Banknotes - Status(03.07.2023)
The Reserve Bank of India had announced the withdrawal of ₹ 2000 banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The t.....
Tags : Withdrawal, Banknotes, Status
read»
RBI Imposes Restrictions on Mastercard from On-Boarding New Customers in India from July 22(15.07.2021)
Reserve Bank of India (RBI) while taking supervisory action on Mastercard Asia / Pacific Pte. Ltd. has imposed the restrictions on Mastercard from On-.....
Tags : Reserve Bank of India, Restrictions on Mastercard from On-Boarding New Customers
read»
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
read»
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
read»
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
read»
Permitting non-scheduled payments banks to register as bankers to an issue(03.08.2021)
1. SEBI vide notification dated July 30, 2021, amended the SEBI (Bankers to an Issue) Regulations, 1994 (BTI Regulations) thereby permitting such othe.....
Tags : Non-scheduled payments banks, Registration, Permission
read»
Delhi HC Asks Centre to Submit Its Policy on Social Media Ban in Army(15.07.2020)
Delhi High Court has directed the Central Government to submit in a sealed cover its policy regarding the use of social media by members of armed forc.....
Tags : Delhi High Court, Social Media Ban in Army
read»
Expert committee to assist Government for assessment of relief to bank borrowers(10.09.2020)
Various concerns have been raised during the proceedings of the ongoing hearing in Hon'ble Supreme Court of India, in the matter of Gajendra Sharma Vs.....
Tags : Expert committee, Assistance, Bank borrowers
read»
Allahabad HC Seeks Reply From BHU over Magsaysay’s Petition(15.02.2016)
Allahabad High Court has asked Banaras Hindu University (BHU) authorities to file a counter affidavit on a petition filed by Magsaysay Award-winning s.....
Tags : Allahabad High Court, Banaras Hindu University
read»
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
read»
Finance Ministry Clarifies that Members of Queer Community Can Open Joint Bank Accounts(30.08.2024)
Ministry of Finance has issued a notification clarifying that members of the queer community can open a joint bank account and can also nominate their.....
Tags : Ministry of Finance, Queer Community, Joint Bank Accounts
read»
RBI Says ‘Banks Can Accept Coloured Notes’ Appeals to Avoid Dirtying Them(10.03.2017)
Reserve Bank of India has clarified that banks can accept colour-stained notes amid messages circulating on WhatsApp that public sector banks have bee.....
Tags : Reserve Bank of India, Coloured Notes
read»
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
read»
SC Issues Notice to Maharashtra on Beef Ban in the State(17.08.2016)
SC has issued notice to Maharashtra Government on a petition challenging a Bombay High Court order permitting consumption of beef brought from states .....
Tags : SC, Beef Ban
read»
RBI Penalizes Fourteen Banks for Non-Compliance with Provisions on Lending to Non-bank Lenders(08.07.2021)
Reserve Bank of India has penalised fourteen banks including State Bank of India, Bank of Baroda, IndusInd Bank and Bandhan Bank for non-compliance wi.....
Tags : Reserve Bank of India, Non-Compliance with Provisions on Lending to Non-bank Lenders
read»
Delhi HC Asks RBI to Submit its Latest Circular on FDI Policy(27.01.2016)
While hearing a public interest litigation seeking a thorough investigation against all firms that have received FDI, Delhi High Court has sought a re.....
Tags : Delhi High Court, Reserve Bank of India, FDI policy
read»
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
read»
SAT Sets Aside Rs 3 Lakh Penalty on Central Bank of India(10.09.2019)
Securities Appellate Tribunal (SAT) has set aside a penalty of Rs 3 lakh levied by markets regulator Securities and Exchange Board of India(SEBI) on C.....
Tags : SAT, Central Bank of India
read»
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
read»
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
read»
Supreme Court: Insolvency And Bankruptcy Code is Not for Money Recovery Proceedings(28.04.2022)
Supreme Court has reiterated that the provisions of Insolvency and Bankruptcy Code, 2016 are basically intended to bring the corporate debtor to its f.....
Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016
read»
Government: Bank Deposits Before April 01, 2016 Can be Declared Under PMGKY(19.01.2017)
Govt has clarified that deposits in bank accounts made before 1 April 2016 can also be declared under Pradhan Mantri Garib Kalyan Yojana (PMGKY), the .....
Tags : Bank Deposits, Pradhan Mantri Garib Kalyan Yojana, income disclosure scheme
read»
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
read»
Amendment in export policy of edible oils(06.08.2015)
The government notified exemptions from prohibition on export of edible oils.
Tags : export, ban, edible, oils
read»
SC to Delhi Police: Cases Against Persons Bursting Firecrackers Not the Solution(15.09.2023)
Supreme Court while observing that filing cases against persons bursting firecrackers may not be the solution as there is no point in taking action af.....
Tags : Supreme Court, Firecracker Ban, Delhi Police
read»
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
read»
SC: Consumer Complaint Against Bank Maintainable Over Dispute on Encashment of FD(23.08.2022)
Supreme Court has held that consumer complaint in a dispute regarding premature encashment of Joint Fixed Deposit by bank in contravention of terms an.....
Tags : Supreme Court, Consumer Complaint, Bank
read»
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
read»
Karnataka HC Restrains New Development Activity Near Bannerghatta National Park(21.01.2020)
Karnataka High Court has restrained any new commercial or development activities, within 10 kilometres radius of Bannerghatta National Park, until the.....
Tags : DKarnataka High Court, Bannerghatta National Park
read»
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
read»
Reserve Bank of India Rejects Request to Extend Jan 7 Deadline(08.01.2020)
Reserve Bank of India has rejected banks’ demand to extend the January 7 deadline to come up with resolution plans under Inter-Creditor Agreements on .....
Tags : Reserve Bank of India, Deadline
read»
Supreme Court to Unemployed Husband: You Say You're a Homemaker But Where's the Home(01.03.2018)
"You say you are a homemaker but where is the home to make?" the Supreme Court asked a man while hearing a bunch of matrimonial dispute cases.
Tags : Supreme Court, Unemployed Husband
read»
RBI Allows Use of OTP for Account Opening(09.12.2016)
To quicken the process of opening of bank account, Reserve Bank of India (RBI) has amended its know your customer (KYC) rules to allow banks to open n.....
Tags : RBI, Reserve Bank of India
read»
Reserve Bank of India imposes monetary penalty on IDBI Bank Limited(11.04.2018)
The Reserve Bank of India (RBI) has imposed, through an order dated April 09, 2018, a monetary penalty of Rs. 30 million on IDBI Bank Limited (the ban.....
Tags : Penalty, Imposition, IDBI Bank
read»
Karnataka High Court Strikes Down Law Banning Online Gaming with Stakes(14.02.2022)
Karnataka High Court has held certain provisions of the Karnataka Police (Amendment) Act 2021, by which the state government had banned online games w.....
Tags : Karnataka High Court, Banning Online Gaming with Stakes.
read»
Meghalaya High Court: Indiscipline by Bankers Cannot be Overlooked(13.06.2019)
Meghalaya High Court has observed that indiscipline by bankers cannot be overlooked as they deal with public money. The Court held that "No organisati.....
Tags : Meghalaya High Court, Bankers
read»
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
read»
Kerala HC Upholds Telecast Ban on MediaOne Channel, Dismisses Appeal Against Judgment(02.03.2022)
Kerala High Court has dismissed the appeal moved by Malayalam news channel MediaOne against the single judge order upholding the recent ban imposed on.....
Tags : Kerala High Court, Ban on MediaOne Channel
read»
RBI: New Rs. 500, 2000 Notes From November 10(09.11.2016)
Reserve Bank of India (RBI) Governor, Urjit Patel has said that Apex Bank will launch new Rs 500 and Rs 2,000 currency notes from November 10.
Tags : Reserve Bank of India, New Rs. 500, 2000 Notes
read»
NCLT Approves Merger of Capital First with IDFC Bank(14.12.2018)
National Company Law Tribunal (NCLT) has approved the amalgamation of Capital First, Capital First Home Finance, and Capital First Securities with IDF.....
Tags : NCLT, IDFC Bank
read»
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
read»
RBI Issues New Guidelines for Banks to Fix Lending Rate(18.12.2015)
Reserve Bank of India (RBI) has issued new guidelines on how banks can calculate their lending rates in a bid to make them more closely based on marke.....
Tags : Reserve Bank of India , lending rates
read»
Distribution of Banknotes during November 10 to December 19, 2016(21.12.2016)
Consequent to the announcement of withdrawal of Legal Tender status of banknotes of Rs. 500 and Rs. 1000 denominations from the midnight of November 8.....
Tags : Bank Notes, Distribution
read»
Delhi HC Rejects PIL Challenging Notifications Permitting Exchange of Rs. 2000 Notes Without ID Proof(29.05.2023)
Delhi High Court has dismissed public interest litigation (PIL) challenging Reserve Bank of India (RBI) and State Bank of India's (SBI) notifications .....
Tags : Delhi High Court,Reserve Bank of India, State Bank of India
read»
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
read»
UK Supreme Court: Smoking Ban Cannot be Enforced in Jails(20.12.2017)
UK Supreme Court has ruled that smoking ban cannot be enforced in publicly run jails in England and Wales along with other government sites such as jo.....
Tags : UK Supreme Court, Smoking Ban
read»
Supreme Court: No Re-Election in Uncontested Panchayat Seats in WB(24.08.2018)
In a relief for Mamata Banerjee, Supreme Court has turned down the pleas of CPI(M) and BJP seeking cancellation of elections on uncontested local body.....
Tags : Supreme Court, Mamata Banerjee, West Bengal
read»
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.
read»
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
read»
ITAT, Mumbai: Interest Income Earned by HSBC Bank Not Eligible to Tax(14.07.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that interest income of Rs 1,498 crore earned by HSBC Bank during the assessment year 2015-16 f.....
Tags : Income Tax Appellate Tribunal, HSBC Bank
read»
Supreme Court Inquires if Convicted Netas Should Get Lifetime Poll Ban(11.09.2020)
Supreme Court has asked the Centre to respond to a new prayer in a pending Public Interest Litigation seeking a life ban on politicians convicted of h.....
Tags : Supreme Court, Lifetime Poll Ban
read»
Delhi Court Dismisses Plea Against 2nd Husband, As Earlier Marriage Was in Subsistence(12.02.2016)
A Delhi Court, while dismissing a woman's plea seeking relief in a domestic violence case filed against her second husband, has said that woman who ti.....
Tags : Delhi Court, 2nd Husband
read»
Supreme Court Reiterates Section 18 Limitation Act Is Applicable To IBC Proceedings(19.05.2022)
Supreme Court reiterates that the provisions of Section 18 of the Limitation Act are applicable to proceedings under the Insolvency and Bankruptcy C C.....
Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016, Section 18 Limitation Act
read»
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
read»
Cal HC: For Maint. Strict Proof of Marriage not Required if Couple Living as Husband & Wife for Long(29.11.2024)
Calcutta High Court has held that where a man and woman have been living together as husband and wife for a reasonable long period of time, strict pro.....
Tags : Calcutta High Court, Strict Proof, Husband & Wife
read»
NCLAT Upholds Dismissal of Petition Filed During Prohibited Period(24.05.2022)
National Company Law Appellate Tribunal while adjudicating an appeal has upheld that Corporate Insolvency Resolution Process cannot be initiated over .....
Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process, Insolvency and Bankruptcy
read»
RBI Turns Net Seller of Foreign Currency in August(13.10.2015)
Reserve Bank of India (RBI) for the first time in the past one year has turned net sellers of foreign currency in August to help arrest the slide in t.....
Tags : Reserve Bank of India (RBI),Foreign Currency
read»
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
read»
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
read»
NGT Serves Notice to Centre over Plea Seeking Cattle Slaughter Ban(01.10.2015)
National Green Tribunal (NGT) has served a notice to Centre looking for its response to plea demanding nationwide ban on slaughter of indigenous cattl.....
Tags : National Green Tribunal ,Cattle Slaughter Ban
read»
SC: Bank Employees App. Under SC Quota Entitled to Retain Post After their Caste is De-scheduled(29.08.2024)
SC has held that person who joined service of a Nationalized Bank/GOI undertaking based on a certificate that identified him/her as belonging to SC/ST.....
Tags : Supreme Court, SC Quota, Nationalized Bank
read»
SC Asks Centre to Fence Indo-Bangla Border to Check Infiltration(09.03.2017)
Supreme Court has asked Centre to release funds for fencing of India-Bangladesh border to prevent a cross-border influx of illegal Bangladesh national.....
Tags : Supreme Court, Indo-Bangla Border
read»
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
read»
Cancellation of licence to carry on banking business in India and, conversion of Urban Co-operative Bank into a Co-operative Society(10.08.2016)
Reserve Bank of India has cancelled the licence of Shri Yugprabhav Sahakari Bank Ltd., Vadodara (Gujarat) vide order dated June 29, 2016. In view of t.....
Tags : Licence, Cancellation, Banking business
read»
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
read»
Karnataka High Court Dismisses PIL Seeking Ban on Online Betting And Gambling(02.11.2021)
Karnataka High Court has dismissed a Public Interest Litigation seeking direction to State government on ban of online betting and gambling, keeping i.....
Tags : Karnataka High Court, Ban on Online Betting And Gambling
read»
Calcutta High Court Asks Reserve Bank of India to Act Against Bank of Baroda(17.02.2020)
Calcutta High Court has asked the Reserve Bank of India to consider “appropriate steps” against the Bank of Baroda, including cancelling its banking l.....
Tags : Calcutta High Court, Reserve Bank of India, Bank of Baroda
read»
Federal Court of Appeals Upholds Block on Trump's Travel Ban(29.05.2017)
Virginia-based 4th Circuit Court of Appeals has upheld a lower Court ruling against President Donald Trump’s revised executive order banning entry to .....
Tags : Federal Court of Appeals, Trump's Travel Ban
read»
SC: Gujarat Govt's Response in Bilkis Bano Case 'Very Bulky'(19.10.2022)
Supreme Court has said that Gujarat government's response to petitions challenging the remission granted to 11 convicts in the Bilkis Bano case is "ve.....
Tags : Supreme Court , Bilkis Bano, convicts
read»
Bombay HC Quashes Special Court's Land Probe Order Against Maharashtra CS(23.04.2019)
Bombay High Court, in a relief to Maharashtra chief secretary U P S Madan, has quashed and set aside a special court order directing state Anti-Corrup.....
Tags : Bombay High Court, Drive-in Theatre, Bandra-Kurla Complex
read»
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
read»
RBI Issues Guidelines for the Gold Monetisation Scheme(23.10.2015)
Reserve Bank of India (RBI) has issued guidelines for the Gold Monetisation Scheme. RBI has issued directions for banks on implementation of the gold .....
Tags : Reserve Bank of India , Gold Monetisation Scheme
read»
P&H HC: Husband Not Entitled to Retain Dowry Items After Convicted for Murdering Wife(21.12.2022)
Punjab and Haryana High Court has held that a husband convicted for murdering his wife shall not be entitled to claim ownership over the dowry items r.....
Tags : Punjab and Haryana High Court, Husband, Dowry, Murder
read»
SC: Shifting of Baner Garbage Plant is in Public Interest(09.02.2021)
Supreme Court has observed that given the number of residences around the Pune Municipal Corporation’s wet garbage processing plant on Sus Road in Ban.....
Tags : Supreme Court, Baner Garbage Plant
read»
Madras HC Directs I-T Dept to Attach Bank Accounts of Actor Tadimalla Gautami(24.03.2022)
Madras High Court has directed Income Tax (I-T) department to lift its order attaching six bank accounts of actor Tadimalla Gautami after she pays 25%.....
Tags : Madras High Court, Bank Accounts of Actor Tadimalla Gautami
read»
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
read»
Del HC: Invoking Penalty Proc. Based on NFAC’s Own Failure to Lodge Claim Can’t be Sustained by them(19.04.2024)
Delhi High Court has held that invocation of penalty proceedings that are based on the National Faceless Assessment Centre’s (NFAC) own failure to lod.....
Tags : Delhi High Court, Penalty Proceedings, NFAC, Insolvency and Bankruptcy Code
read»
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
read»
Uttarakhand HC to State: Strictly Enforce Construction Ban in Joshimath(16.01.2023)
Uttarakhand High Court has directed State to strictly enforce ban on construction in subsidence-hit Joshimath town in Chamoli district, and asked auth.....
Tags : Uttarakhand High Court, Joshimath, Construction Ban
read»
ITAT Bangalore Deletes Addition Against Flipkart India(20.06.2019)
Income Tax Appellate Tribunal (ITAT Bangalore) has granted relief to the e-com giants Flipkart India by deleting the additions made by the Income Tax .....
Tags : ITAT Bangalore, Flipkart India
read»
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
read»
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
read»
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
read»
National GIS-Enabled Land Bank System(23.09.2020)
Government has integrated Industrial Information System (IIS) portal with the GIS System of six States in first phase to provide updates on land avail.....
Tags : GIS-Enabled, Bank System, Industrial land
read»
J & K High Court Orders Social Media Platforms to Delete Posts Identifying Bandipora Rape Victim(20.05.2019)
Jammu and Kashmir High Court has ordered Youtube, Facebook and Twitter to remove all posts from their platforms which disclosed the identity of a thre.....
Tags : J & K High Court, Bandipora, Social Media
read»
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
read»
Sectoral Deployment of Bank Credit - July 2023(31.08.2023)
Data on sectoral deployment of bank credit for the month of July 20231 collected from 40 select scheduled commercial banks, accounting for about 93 pe.....
Tags : Sectoral Deployment, Bank Credit, July 2023
read»
SC Wants All Information on Reliance, Sistema, Aircel & Videocon Bankruptcy Cases(21.07.2020)
Supreme Court has asked for all records pertaining to the bankruptcy proceedings of Reliance Communications, Sistema Shyam Teleservices, Aircel and Vi.....
Tags : Supreme Court, Information on Bankruptcy Cases
read»
P&H HC Imposes Cost on Woman for Failing to Provide Reason for Leaving Her Husband(15.09.2020)
Punjab and Haryana High Court has imposed a cost of Rs 25,000 on a woman for failing to explain why she had left her husband against whom she had appr.....
Tags : Punjab and Haryana High Court, Reason for Leaving Husband
read»
Timeframe for implementation of Ind AS for scheduled commercial banks(11.02.2016)
The Reserve Bank of India notified scheduled commercial banks are required to comply with Indian Accounting Standards (Ind AS) for accounting periods .....
Tags : Indian accounting standards, commercial banks, implementation
read»
RBI Eases MFI Norms to Provide Cheaper Loans to SCs Below Double Poverty Line(05.10.2015)
Reserve Bank of India (RBI) has eased micro finance norm of maximum 4 % variance in interest rates for small loans offered to Scheduled Castes (SCs ).....
Tags : Reserve Bank of India , SC
read»
BCI Issues Circular Suggesting Monthly Stipend to Advocates in Urban and Rural Areas(16.10.2024)
BCI has issued a circular making recommendation that junior advocates should be paid a monthly stipend of Rs. 20,000 in urban areas and Rs. 15,000 in .....
Tags : Bar Council of India, Monthly Stipend, Rural Areas, Urban Areas
read»
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
read»
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
read»
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
read»
CONTEMPT OF COURT - Ericsson case: SC Holds Anil Ambani Guilty of Contempt, Asks Him to Pay Rs. 453 cr or Face Jail(20.02.2019)
Supreme Court has held Reliance Group chairman and its two directors guilty of contempt for willfully not paying Rs. 550 crore to Ericsson and asked A.....
Tags : Supreme Court, Anil Ambani, Erricson Case
read»
RBI Relaxes ECB Norms for Accessing Foreign Loans(01.12.2015)
Reserve Bank of India (RBI) has unveiled a revised External Commercial Borrowing (ECB) policy, entailing, among other things, a more liberal approach.....
Tags : Reserve Bank of India, External Commercial Borrowing
read»
Unity Small Finance Bank Limited commences operations(01.11.2021)
Unity Small Finance Bank Limited has commenced operations as a small finance bank with effect from November 1, 2021. The Reserve Bank has issued a lic.....
Tags : Finance Bank, Operations, Commencement
read»
RBI Issues Norms for Partial Credit Enhancement to Corporate Bonds(29.05.2017)
Reserve Bank of India has issued norms for Partial Credit Enhancement to Corporate Bonds making it mandatory for corporate bonds to have rating by a m.....
Tags : Reserve Bank of India, Partial Credit Enhancement
read»
Ker. HC: Constitute Committees To Check Unauthorised Use Of Banners And Boards In Public Places(20.10.2022)
Kerala High Court has ordered setting up of committees at the level of every Local-Self Government Institution to tackle the issue of putting of illeg.....
Tags : Kerala High Court, boards, banners
read»
Permission to Construct Casting Yard at Juhu Beach Illegal: Bombay HC(29.04.2019)
Bombay High Court has held that permission granted by Maharashtra Coastal Zone Management Authority (MCZMA) to construct a casting yard for Versova-Ba.....
Tags : Bombay High Court, Versova-Bandra Sea Link Project at Juhu beach
read»
RBI Junks Govt.’s Proposal for 100% FDI in Banks(26.10.2015)
Reserve Bank of India (RBI) has junked proposal from Government to allow up to 100% Foreign Direct Investment (FDI) in banks, which may come as a damp.....
Tags : RBI , 100% FDI in Banks
read»
All. HC to State: Protect Ancient Temples in the Vicinity of Banke Bihari Temple(22.12.2022)
Allahabad High Court has directed Uttar Pradesh Government to protect the ancient temples situated in the vicinity of the Banke Bihari temple in Mathu.....
Tags : Allahabad High Court, Banke Bihari Temple, Revamp
read»
Central Government hereby declares the services in the Bank Note Paper Mill India Private Limited, Mysore, Karnataka to be a public utility service for the purposes of Industrial Disputes Act, 1947(11.02.2021)
Whereas the Central Government is satisfied that the public interest so requires that the services in the Bank Note Paper Mill India Private Limited, .....
Tags : Bank Note Paper Mill, Public utility, Industrial Disputes Act
read»
SEBI Imposes Fine on Axis Bank for Failure to Make Disclosures(25.03.2022)
Securities and Exchange Board of India has imposed a fine of Rs. 5 lakh on Axis Bank for failing to make requisite disclosures under the merchant bank.....
Tags : Securities and Exchange Board of India, Axis Bank
read»
Gujarat HC Seeks Centre’s, RBI’s Response over DCCBs Note Exchange Ban(30.11.2016)
Gujarat High Court has sought replies from Centre and RBI on a petition challenging legality of their notifications banning District Central Co-Operat.....
Tags : Gujarat High Court, demonetization, Co-Operative Banks
read»
Delhi HC Stays Bank Guarantees' Invocation(21.04.2020)
Delhi High Court has passed an interim order restraining the invocation of bank guarantees, observing that the lockdown was prima facie in the nature .....
Tags : Delhi High Court, Bank Guarantees
read»
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
read»
SC: Provide Highest Z+ Security to Ambani & Family Throughout Indian and Abroad(01.03.2023)
Supreme Court has directed Maharashtra Government and Ministry of Home Affairs to ensure Highest Z+ Security Cover provided to Mukesh Ambani and his f.....
Tags : Supreme Court, Mukesh Ambani, Security
read»
#Bangalore_Blast: Supreme Court Allows Maudany To Attend Son’s Wedding In Kerala(01.08.2017)
Supreme Court has allowed Bangalore blast accused and People’s Democratic Party Chairman Abdul Nazar Maudany , lodged in a Bangalore jail to travel to.....
Tags : Supreme Court, Bangalore blast
read»
Uttarakhand High Court Gives State Govt Six Months to Take Policy Decision on Liquor Ban(30.08.2019)
Uttarakhand High Court has given the State Government six months to formulate a policy to implement provisions of the Excise Act, 1910 which provide f.....
Tags : Uttarakhand High Court, Liquor Ban
read»
Calcutta HC Passes Injunction Order Restraining Activities on River Banks, Alluvial Landscapes Etc(20.04.2021)
Calcutta High Court has passed an order of an injunction restraining any activity on the lands which are river banks or alluvial landscapes or alluvia.....
Tags : Calcutta High Court, Activities on River Banks, Alluvial Landscapes Etc
read»
Central Government extends ban on LTTE for five years(14.05.2019)
The Central Government has extended the ban on the Liberation Tigers of Tamil Eelam (LTTE) for another five years under sub-sections (1) and (3) of se.....
Tags : LTTE, Ban, Extension
read»
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
read»
SC Rejects SBI Plea Seeking Vacation of Stay on Insolvency Proceedings Against Anil Ambani(18.09.2020)
Supreme Court has declined to vacate a stay granted by Delhi High Court towards the ongoing Insolvency and Bankruptcy Code, 2016 proceedings against R.....
Tags : Supreme Court, Anil Ambani
read»
Withdrawal of old series banknotes issued prior to 2005 deferred(11.02.2016)
The Reserve Bank of India extended the deadline for exchanging pre-2005 banknotes to 30 June, 2016. Exchange on banknotes in 2016 will only be done at.....
Tags : Rbi, banknotes, pre-2005, deadline, extend
read»
Unless there is fraud of beneficiary or irretrievable harm or injury, Courts are not to interfere with encashment of Bank Guarantees(02.09.2016)
Appellant No. 1 a Joint Venture Company formed for specific purpose of constituting, commissioning and operating Kochi-Coimbatore-Erode-Salem LPG Pipe.....
Tags : Bank guarantee, Encashment, Delay, Financial Closure
read»
Issue of Rs. 10 banknotes with improved security features(09.03.2017)
The Reserve Bank of India will shortly issue Rs. 10 denomination banknotes in the Mahatma Gandhi Series-2005 with inset letter 'L' in both the number .....
Tags : Bank Notes, Issuance, Security
read»
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
read»
US Supreme Court Allows Full Enforcement of Trump Travel Ban(05.12.2017)
US Supreme Court has allowed President Donald Trump's travel ban to take full effect pending appeal, for people coming from six Muslim-majority countr.....
Tags : US Supreme Court, Travel Ban
read»