Delhi High Court Imposes ₹5 Lakhs Fine for Concealing SARFAESI Order While Seeking Interim Relief under A&C Act The Delhi High Court has levied a fine of Rs. 5 lakhs on a party for not disclosing...
Bombay High Court: SARFAESI Act Bars DRI from Hindering Secured Creditors’ Dues Recovery amid Customs Act Probe against Debtor The Bombay High Court has observed that a secured creditor retains the...
NPA moratorium plea filed before Supreme Court Plea seeks relief to borrowers and temporary case on the declaration of NPA by banks due to the second wave of COVID-19 pandemic in India A plea has...
Supreme Court: Even if Principal Borrower is Not 'Corporate Person' Insolvency proceedings Can be Initiated Against Corporate Guarantor The Supreme Court (SC) on 26 March 2021, in the case titled...
Yes Bank's ARC plan falls flat with RBI citing conflict of interest Yes Bank had sought approval to launch an assets reconstruction company and was expecting to transfer nearly ₹500 billion of bad...
How Cooperative Banks in India conduct NPA recovery? Recovery is a major role played by the bank, and in the case of non-performing assets, there are certain guidelines issued by RBI that should be...
Madras High Court lets off senior executive of a tainted company The court held that the salaries drawn by an employee before the commission of alleged money laundering activities by a company would...
NCLAT dismisses the Appeal against Bank of India and Katare Spinning Mills Limited This Appeal was filed with the National Company Law Appellate Tribunal (NCLAT) by the Appellant Katare Spinning...
SC: 'Secured Creditor Cannot be Invalidated Merely on the Ground of Procedural Defects'The Supreme Court, bench comprising of Justices L. Nageshwar Rao, Hemant Gupta and Ajay Rastogi observed that...
Loan Moratorium: SC asks Centre to implement 'interest waiver' scheme at the earliestThe Supreme Court today directed the Centre to implement the interest waiver scheme at the earliest while hearing a...
Accounts not performing due to delay won't be labelled NPAs The Centre has informed the Supreme Court that accounts becoming non-performing due to delay because of banks or any other reason need...
