Search Results for Tag : Debt
Judgments
Debt Recovery Tribunal has no power to condone delay in filing Review Application under RDB Act(21.01.2020)
In the present case, the Respondent had filed a review petition before the Debt Recovery Tribunal with the application for condonation of delay which .....
Tags : Delay, Debt Recovery Tribunal
DRT has no jurisdiction to hear un-appointed debenture trustee(07.03.2016)
In a claim for recovery made by a debenture trustee of debentures of a company on behalf of or for the benefit of the debenture holders, the Debt Reco.....
Tags : Debenture trustee, tribunal, debt recovery
International Cases
Production of notice of assessment is conclusive evidence that the assessment is properly made(07.08.2020)
An application is made by the Plaintiff, the Deputy Commissioner of Taxation, for judgment to be entered against the defendant pursuant to the Rules o.....
Tags : Debt dues, Payment, Recovery
Statute
Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016(13.06.2016)
The Enforcement of Security Interest and Recovery of Debt Laws a.....Tags : sarfaesi, debt act, central registry, asset reconstruction
Notifications & Circulars
Facility of “Basic Services Demat Account" (BSDA) with limited services introduced(10.04.2019)
1. SEBI vide circulars CIR/MRD/DP/22/2012 dated August 27, 2012 and CIR/MRD/DP/20/2015 dated December 11, 2015, introduced the facility of "Basic Serv.....
Tags : BSDA limit, Debt Securities, Introduction
News
RBI Revises SDR Norms(26.02.2016)
Reserve Bank of India (RBI) has asked banks going in for Strategic Debt Restructuring (SDR) scheme to make sufficient provisions to the tune of 15 per.....
Tags : Reserve Bank of India , Strategic Debt Restructuring
Secured Creditor can File Winding Up Petition After Obtaining Recovery Certificate from DRT: SC(30.01.2019)
Supreme Court has held that a secured creditor can file a winding up petition after obtaining a decree from the Debts Recovery Tribunal (DRT) and a re.....
Tags : Supreme Court, Debt Recovery Tribunal
RBI Tightens Provisions for Yet to Fail CDR Accounts(12.01.2016)
Reserve Bank of India (RBI) has asked lenders to increase provisioning for accounts that may not have yet failed Corporate Debt Restructuring (CDR) bu.....
Tags : Reserve Bank of India, Corporate Debt Restructuring
Bombay HC Upholds Centre’s Move to Shift DRT From Mumbai to Vashi(03.01.2017)
Bombay High Court has upheld Centre’s decision to shift one of the Debt Recovery Tribunals (DRT) from Mumbai to a new site at Vashi, stating it did no.....
Tags : Bombay High Court, Debt Recovery Tribunals
Supreme Court Asks Centre to Buckle Up Mechanism to Recover Bad Loans(03.01.2017)
Supreme Court has sought more clarity from Centre on the issue of tackling bad loans.
Tags : Supreme Court , Bad Loans , Debt Recovery
Supreme Court Seeks List of Loan Defaulters from Central Govt.(04.01.2017)
Supreme Court has asked Centre to give list of "corporate entities" against whom outstanding loans were in excess of Rs 500 crore, besides seeking emp.....
Tags : Supreme Court, Debt Recovery Tribunals, Bad Loans
Govt. Amends FEMA to Enable the Increase in FDI Limit in Insurance Sector(24.08.2021)
Government has notified the amendment in the Foreign Exchange Management (non-debt instruments) Rules, 2019 (FEMA) to enable the increase in foreign d.....
Tags : Government, Foreign Exchange Management (non-debt instruments) Rules, 2019
Debt recovery mechanism strengthened with the enactment of Insolvency and Bankruptcy Code (IBC), 2016 - Survey(04.07.2019)
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2018-19 in Parliament today. Taking note of t.....
Tags : Debt recovery, Mechanism, Strengthening of
Karnataka HC Put Stay on DRT’s Order for 3 Months Issuing Demand Notice to UBHL , Kingfisher Airlines(20.06.2016)
Karnataka HC has put stay for three months on Debt Recovery Tribunal's (DRT) order issuing a demand notice to Vijay Mallya-owned United Breweries Hold.....
Tags : Karnataka HC, Debt Recovery Tribunal, United Breweries Holdings Limited (UBHL) , Kingfisher Airlines
CIVIL - Auction Sale can't be Held 3 Years After End of FY in which Recovery Certificate was Issued: Kerala H(22.02.2019)
Kerala High Court has set aside an auction sale held for recovery of arrears due to a bank on ground that it was done beyond the period of three years.....
Tags : Kerela High Court, Auction Sale, Debt Recovery Tribunal
CIVIL - Auction Sale can't be Held 3 Yrs After End of FY in which Recovery Certificate was Issued: Kerala HC(22.02.2019)
Kerala High Court has set aside an auction sale held for recovery of arrears due to a bank on ground that it was done beyond the period of three years.....
Tags : Kerela High Court, Auction Sale, Debt Recovery Tribunal
Telangana High Court has Stayed Debt Recovery Tribunal’s Order Against Karvy Stock Broking(02.01.2020)
Telangana High Court has given interim relief to Karvy Stock Broking against ICICI Bank’s plea for initiating debt recovery proceedings against the br.....
Tags : Telangana High Court, Debt Recovery Tribunal
Delhi HC Grants Time to Frame Rules to Deal with High Value Cases In Debt Recovery Tribunals(25.11.2021)
Delhi High Court has granted six weeks time to the Central Government for coming up with the Rules to deal with high value cases, where the recovery i.....
Tags : Delhi High Court, High Value Cases In Debt Recovery Tribunals
SC: Debts Recovery Tribunal Has No Power to Condone Delay in Filing Review Application(27.01.2020)
Supreme Court has held that the Debts Recovery Tribunal has no power to condone the delay in filing application for review under the Recovery of Debts.....
Tags : Supreme Court, Debt Recovery Tribunal's Power to Condone Delay, Review Application
Disclosures and compliance requirements for Issuance and Listing of Municipal Debt Securities(24.11.2022)
1. SEBI (Issue and Listing of Municipal Debt Securities) Regulations, 2015 (ILMDS Regulations) and circulars issued thereunder, provide the framework .....
Tags : Disclosures, Compliance requirements, Green debt security
Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks(02.08.2024)
1. Under the provisions of the respective State Co-operative Societies Acts, or otherwise, on prudential consideration, several co-operative banks hav.....
Tags : Prudential Treatment, Doubtful Debt Reserve, Co-operative Banks
SC: DRAT Cannot Entertain Appeal u/s 18 SARFAESI Act Without Insisting on Pre- Deposit(03.03.2020)
Supreme Court has observed that the Debt Recovery Appellate Tribunal cannot entertain an appeal under Section 18 of the Securitisation and Reconstruct.....
Tags : Supreme Court, Appeal before Debt Recovery Appellate Tribunal
Bengaluru DRT Orders Banks to Start Recovering Loan From Vijay Mallya in Kingfisher Case(20.01.2017)
Debt Recovery Tribunal has ordered SBI-led consortium of banks to start process of recovering over Rs 6,203 crore, at 11.5 per cent annual interest ra.....
Tags : Debt Recovery Tribunal, Vijay Mallya, Kingfisher Case, Loan
Govt. Fixes Debt to Capital, Free Reserve Ratio for Govt. Companies(25.03.2016)
Ministry of Corporate Affairs has notified the debt to capital and free reserves ratio for government companies that are into housing finance.
Tags : Ministry of Corporate Affairs, Debt to Capital, Free Reserve Ratio
Bombay High Court Pulls Up Ministry for Failure to Provide Infra For Debt Recovery Tribunals(14.02.2020)
Bombay High Court has come down heavily upon the central Government for failing to provide adequate infrastructure and manpower to the Debt Recovery T.....
Tags : Bombay High Court, Infrastructure for Debt Recovery Tribunals
Allahabad High Court: Can’t Decide Jurisdiction of DRTs Solely on the Basis of Location of Asset(15.04.2024)
Allahabad High Court has held that for entertaining application under Section 17 of the Securitization and Reconstruction of Financial Assets and Enfo.....
Tags : Allahabad High Court, Debt Recovery Tribunals, Jurisdiction, SARFESI
Delhi HC Refuses to Entertain PIL on Recovery of Debt Owed by Pakistan Since Partition(22.03.2022)
Delhi High Court has refused to entertain a public interest litigation seeking recovery of Rs 1 trillion debt owed by Pakistan to India since the time.....
Tags : Delhi High Court, Recovery of Debt Owed by Pakistan
Determination of specified instruments as debt instruments(16.10.2019)
In exercise of the powers conferred by sub-section (7) of section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Central Government .....
Tags : Determination, Debt instruments, Non-debt instruments
Standardisation of procedure to be followed by Debenture Trustee(s) in case of 'Default' by Issuers of listed debt securities(13.10.2020)
1. Representations were made by Debenture Trustee(s) regarding the process to be followed in case of 'Default' by issuers of listed debt securities. A.....
Tags : Standardisation, Procedure, Debt securities
Write-off of debt securities held by FPIs who intend to surrender their registration(08.11.2021)
1. SEBI, vide circular number IMD/FPI&C/CIR/P/2019/124 dated November 05, 2019, read with circular number SEBI/HO/IMD/FPI&C/CIR/P/2020/177 dated Septe.....
Tags : Write-off, Debt securities, FPIs
DRT Rejects Kingfisher’s Plea(11.07.2016)
Debt Recovery Tribunal (DRT), Bengaluru, has rejected interlocutory application filed by Kingfisher Airlines seeking permission to make amendment to i.....
Tags : Debt Recovery Tribunal , Kingfisher Airlines
Bombay High Court Questions Non-Working of Mumbai Debt Recovery Tribunal(24.07.2018)
Bombay High Court has questioned the shutdown of Debt Recovery Tribunal (DRT) following a fire in the said building premises over a month ago and expr.....
Tags : Bombay High Court, Debt Recovery Tribunal
Karnataka HC Summons Vijay Mallya to Appear on 24 November(21.10.2016)
Karnataka High Court has summoned Vijay Mallya to appear before it on 24 November for allegedly violating an “oral undertaking” given before Bengaluru.....
Tags : Karnataka High Court, Vijay Mallya, Debt Recovery Tribunal
Allahabad High Court Disallows Parallel Proceedings in NCLT and DRT(12.09.2017)
Allahabad High Court has barred parallel proceedings in National Company Law Tribunal (NCLT) and the Debt Recovery Tribunal (DRT) in a case between St.....
Tags : Allahabad High Court, National Company Law Tribunal, Debt Recovery Tribunal
Supreme Court: Debt Recovery Tribunal to be Established in Jammu and Kashmir(05.08.2024)
Supreme Court while hearing a plea against the Jammu and Kashmir and Ladakh High Court's decision to allow challenges to actions under the SARFAESI Ac.....
Tags : Supreme Court, Debt Recovery Tribunal, Jammu and Kashmir
Debt Recovery Tribunal asks Vikram Bakshi, McDonald's India to Deposit Settlement Funds(20.05.2019)
Debt Recovery Tribunal, Delhi has asked Connaught Plaza Restaurants’ Managing Director Vikram Bakshi and McDonald’s India to appear before it and depo.....
Tags : Debt Recovery Tribunal, McDonalds
Review of norms regarding investment in debt instruments with special features and the valuation of perpetual bonds(10.03.2021)
A. Review of Norms of Investment in Instruments having Special Features
1. Mutual Funds invest in certain debt instruments with special featu.....
Tags : Review, Norms, Investment, Debt instruments
Electronic book mechanism for issuance of debt securities on private placement basis(21.04.2016)
The Securities and Exchange Board of India lay a framework for issuance of debt securities on private placement basis through electronic book mechanis.....
Tags : electronic book, debt securities, private placement
EBM for issuance of debt securities on private placement basis mandated(30.06.2016)
The Securities and Exchange Board of India mandated issuers of debt securities and market participants to make the offer for issue of debt securities .....
Tags : debt security, private placement, electronic book mechanism
Reduction in denomination of debt securities and non-convertible redeemable preference shares(03.07.2024)
1. Chapter V (Denomination of issuance and trading of Non-convertible Securities) of the Master Circular no. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May.....
Tags : Reduction, Denomination, Debt securities
Orissa HC: No Jurisdiction on Consumer Commission to Entertain Matters Under SARFAESI Act(03.07.2024)
Orissa High Court has observed that any suit or proceeding which can be entertained by the Debt Recovery Tribunal or the Appellate Tribunal cannot be .....
Tags : Orissa High Court, SARFAESI Act, Debt Recovery Tribunal
Bombay High Court Directs Finance Ministry to Provide Proper Infrastructure for DRT/DRAT(21.08.2015)
Bombay High Court has directed Finance Ministry to consider providing proper infrastructure and space to Debt Recovery Tribunal (DRT) and Debt Recover.....
Tags : Bombay High Court,Debt Recovery Tribunal (DRT) , Debt Recovery Appellate Tribunal (DRAT)
Gauhati HC: DRT Has to Dispose of Application under Section 17 of SARFAESI Act as per RDB Act(22.11.2024)
Gau. HC has observed that Debt Recovery Tribunal (DRT) is required to dispose of an application filed u/s 17 of SARFAESI Act, 2002 as per provisions o.....
Tags : Gauhati High Court, SARFAESI Act, Debt Recovery Tribunal
NCLAT: In Absence of Debt & Default, Application Under Section 7 of IBC Can’t be Admitted(29.11.2024)
NCLAT Delhi bench has held that in absence of any debt and consequent default on the part of the corporate debtor, application under section 7 of the .....
Tags : NCLAT Delhi, Debt & Default, Section 7