FEMA & Banking

Blog, News, FEMA & Banking

July 18, 2024

The borrower who neither paid debt nor replied to notice was to be estopped from challenging the violation of Section 13(3A), rules SC

Case Details: Arce Polymers (P.) … Continue reading “The borrower who neither paid debt nor replied to notice was to be estopped from challenging the violation of Section 13(3A), rules SC”

Blog, News, FEMA & Banking

December 2, 2021

RBI amends Credit Information Companies Regulations, 2006; expands the scope of specified users

Notification No. 52140/20.16.050/2021-22. Dated: 10.11.2021 … Continue reading “RBI amends Credit Information Companies Regulations, 2006; expands the scope of specified users”

News, Blog, FEMA & Banking

December 1, 2021

Dispute of cheque bounce by non-executive directors is a matter of trial, couldn’t be adjudicated by HC u/s 482 of CrPC: SC

Case Details: Ashutosh Ashok Parasrampuriya … Continue reading “Dispute of cheque bounce by non-executive directors is a matter of trial, couldn’t be adjudicated by HC u/s 482 of CrPC: SC”

Blog, News, FEMA & Banking

November 29, 2021

A person aggrieved from measures taken by secured creditor u/s 13(4) should approach DRT and not Civil Court: HC

Case Details: Electrosteel Castings Ltd. … Continue reading “A person aggrieved from measures taken by secured creditor u/s 13(4) should approach DRT and not Civil Court: HC”

Blog, News, FEMA & Banking

November 27, 2021

DRT can’t apply Sec 5 of the Limitation Act, 1963, and condone the delay in filing an appeal against the order of Recovery Officer

Case Details: Avneesh Chandan Gadgil … Continue reading “DRT can’t apply Sec 5 of the Limitation Act, 1963, and condone the delay in filing an appeal against the order of Recovery Officer”

Blog, News, FEMA & Banking

November 24, 2021

Co-operative societies can’t use the word “Bank” in their names, RBI cautions the general public

  Press release dated 22-11-2021 … Continue reading “Co-operative societies can’t use the word “Bank” in their names, RBI cautions the general public”

Blog, News, FEMA & Banking

November 19, 2021

Time barred written statement against recovery suit was rightly dismissed by DRAT: HC

Case Details: Anita Garg v. … Continue reading “Time barred written statement against recovery suit was rightly dismissed by DRAT: HC”

Blog, News, FEMA & Banking

November 18, 2021

RBI withdraws obsolete regulatory circulars on recommendations of the ‘Regulations Review Authority 2.0’

CIRCULAR NO.RBI/2021-2022/127 CO.DPSS.OVRST.NO.S929/06-08-001/2021-2022, Dated 16.11.2021 … Continue reading “RBI withdraws obsolete regulatory circulars on recommendations of the ‘Regulations Review Authority 2.0’”

Blog, News, FEMA & Banking

November 16, 2021

RBI introduces ‘RBI Retail Direct’ Scheme to facilitate investment in Government Securities

Circular No. CO.IDMD.GBD(P).No.S1242/ 08.01.001/2021-22 November … Continue reading “RBI introduces ‘RBI Retail Direct’ Scheme to facilitate investment in Government Securities”

News, Blog, FEMA & Banking

November 15, 2021

RBI integrates three Ombudsman schemes into the Reserve Bank Integrated Ombudsman Scheme, 2021

NOTIFICATION NO.S873/13.01.001/2021-22, Dated 12.11.2021 With … Continue reading “RBI integrates three Ombudsman schemes into the Reserve Bank Integrated Ombudsman Scheme, 2021”