Search Results for Tag : ban

Top Story

Supreme Court upholds Kerala’s selective alcohol restrictions(29.12.2015)

The Supreme Court batted away claims of discrimination between variously ‘starred’ hotels to dismiss a challenge against the Kerala government’s moves.....

Tags : kerala, alcohol ban, five star hotels

Blast from the Past

Winding a fine line between ‘public interest’ and interest(02.08.2004)

Tobacco advertising occupies a grey area in the debate on moral policing. On the one hand is consumer will and freedom to consume a legal substance, o.....

Tags : Pan masala, public interest, ban, state

NGT bans open burning of waste across the country(23.12.2016)

In a significant move towards a cleaner environment, the National Green Tribunal has directed that there shall be complete prohibition on open burning.....

Tags : Ban, Waste, Open burning

Winding a fine line between ‘public interest’ and interest(02.08.2004)

Tobacco advertising occupies a grey area in the debate on moral policing. On the one hand is consumer will and freedom to consume a legal substance, o.....

Tags : Pan masala, public interest, ban, state

Notifications & Circulars

RBI releases Guidelines for 'on tap' Licensing of Universal Banks in the Private Sector(01.08.2016)

The Reserve Bank of India released on its website, "Guidelines for 'on tap' Licensing of Universal Banks in the Private Sector". Key aspects of the Gu.....

Tags : Universal Banks, Licensing, Guidelines

International Cases

HMRC gets payday on bankers’ bonuses(09.03.2016)

Hearing a case that ties together the two bugbears of today’s commercial world - executives’ bonuses and offshore companies - the British Supreme Cour.....

Tags : bankers, bonus, purposive approach

Their right to be loud and your duty to hear(05.03.1974)

Public authorities have a torrid time explaining why loudspeakers are allowed to be used or why sometimes they are not. Permit a screeching amplifier .....

Tags : public nuisance, loudspeaker, ban, kerala

Judgments

A bidder who, submits a bid being fully aware of tender conditions, cannot after award of tender, seek a modification therein(16.03.2017)

Petitioner impugns the directions of Respondent in banning Petitioner for a period of three years from entering into any business dealings with Respon.....

Tags : Directions, Ban, Validity

No Sale of Fire Crackers in Delhi-NCR with immediate effect: Supreme Court(25.11.2016)

In an unprecedented move, the Supreme Court has ordered complete ban on the sale of fire crackers in Delhi and National capital region. The Order came.....

Tags : Ban, Crackers, Sale

RBI issues direction limiting customer liability in online banking(06.07.2017)

RBI has issued direction limiting liability of customers due to recent increase in customer grievances related to unauthorised transactions. Direction.....

Tags : Limited liability, Online Banking, Directions

Constitution of Task Force for enabling dispensation of Mahatma Gandhi (New) Series Banknotes - Recalibration and reactivation of ATMs(14.11.2016)

It has become necessary to re-calibrate all ATMs/ Cash handling machines to dispense the new design notes following introduction of Mahatma Gandhi (Ne.....

Tags : Task force, Constitution, Bank Notes

Government of India cannot raise a dispute with a foreign government qua the private claim of its citizens(08.11.2016)

Instant Appeal is preferred against order of Single Judge dismissing writ petition by order holding that, merely because Government of India, on a rep.....

Tags : Foreign Bank, Amount, Release

Supreme Court Bans Four Toxic Chemicals from Crackers(31.07.2017)

Supreme Court has prohibited use of five chemicals, labelled them as toxic by Central Pollution Control Board (CPCB), in manufacture of firecrackers. .....

Tags : Crackers, Chemical, Ban

Union cabinet decides to prohibit the use of red beacon light(19.04.2017)

In a bid to curb VIP culture from country, Union Cabinet issued a Notification to ban use of red beacon by VIPs from May 1. However, President, Vice-.....

Tags : Decision, Red beacon, Ban

Cabinet gives in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism(23.08.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given in-principle approval for Public Sector Banks to amalgamate through an Al.....

Tags : Approval, Banks, Amalgamation, Alternative Mechanism

Government signs Global Environment Facility (GEF) Grant Agreement with the World Bank(16.08.2017)

The Government of India and the World Bank has signed a US dollar 24.64 million grant from the Global Environment Facility (GEF) in order to improve e.....

Tags : World Bank, Grant, Ecosystem, Improvement

Supreme Court bans sale of crackers in Delhi/NCR for testing the effect of the ban on air quality after Diwali(09.10.2017)

The Supreme Court has upheld its earlier verdict banning sale of firecrackers in the Delhi-NCR region ahead of Diwali in order to keep a check on the .....

Tags : Air Pollution, Cracker, Ban

New $ 318 million loan Agreement Signed with World Bank to Support Climate Resilient Agriculture - over 500,000 Farmers to Benefit in Tamil Nadu(26.12.2017)

The Government of India, the Government of Tamil Nadu and the World Bank today signed a $318 million loan agreement for the Tamil Nadu Irrigated Agric.....

Tags : Loan Agreement, Signing of, World Bank

Government of India announces details of Bank recap and Comprehensive Reform Plan(24.01.2018)

The Government of India today unveiled details of the re-capitalisation of Public Sector Banks (PSBs) announced in October, 2017. The capital infusion.....

Tags : Bank recap, Details, Announcement

Credit co-operative society providing credit etc. to its members cannot be treated as a ‘co-operative bank’ carrying on banking activities(27.11.2017)

The Assessee, in the present case, is a credit co-operative society who provided credit/loan facilities to its members and accepted deposits from them.....

Tags : Credit Cooperative Society; Cooperative Bank, Deduction

Issuance of press release regarding management of operational risks inherent in the functioning of banks with respect to the SWIFT Infrastructure(20.02.2018)

Reserve Bank of India (RBI), as part of its ongoing efforts for strengthening of the supervisory framework in the country, has been issuing necessary .....

Tags : Management, Operational risks, Banks, Functioning

Clarification regarding bank guarantee requirement for bond executed by EOUs(14.08.2018)

1. Various representations have been received regarding difficulties faced by EOUs with respect to requirements of bank guarantees in view of Circular.....

Tags : Clarification, Bank guarantee, Bond, Execution

PM launches India Post Payments Bank(01.09.2018)

The Prime Minister launched the India Post Payments Bank (IPPB). The initiative would enable banking services to reach the remotest places in the coun.....

Tags : Banking services, IPPB, Launch

Government initiates consolidation - amalgamated entity to be India's third largest bank(17.09.2018)

First-ever three-way bank amalgamation process commences Government paves the way for amalgamated Public Sector Banks with global heft and business sy.....

Tags : Amalgamated entity, Largest bank , Initiation

CVC analyses 100 top bank frauds - identifies loop holes-suggests systemic improvements(16.10.2018)

Central Vigilance Commission (CVC) has reviewed and analyzed Top 100 Bank Frauds, as on 2017.

Sharing the details Dr. T.M. Bhasin, Vigilan.....

Tags : Bank frauds, Loop holes, Identification

Government of India and Asian Development Bank (ADB) Signs $75 Million Loan to Improve Urban Services in 4 Karnataka Towns(27.11.2018)

Government of India and the Asian Development Bank signed a $75 million loan here today to provide 24 x7 water supply in Karnataka's four coastal town.....

Tags : Urban Services, Improvement, Loan

Court is empowered to grant leave to a disqualified person to manage a corporation(04.12.2018)

By originating process lodged 17 September 2018 the plaintiff seeks leave of the court under s 206G of the Corporations Act, 2001 to be a director of .....

Tags : Bankrupt, Act as director, application

A decision founded on an unclear report without any deliberation is manifestly arbitrary.(22.02.2019)

The Petitioners have filed the present petitions impugning Notification no. S.O. 4479(E) issued by the Central Government under Section 26A of the Dru.....

Tags : Notification, Manufacture, Ban

BAN on GM CROPS(02.07.2019)

Bt. cotton is the only Genetically Modified (GM) crop approved in 2002 by the Genetic Engineering Appraisal Committee of Ministry of Environment, Fore.....

Tags : BAN, Cultivation, GM CROPS

Cabinet approves Promulgation of the Prohibition of Electronic Cigarettes Ordinance(18.09.2019)

In a major health and wellness initiative for the country, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Promulg.....

Tags : Promulgation, Ordinance, E-Cigarettes, Ban

India and ADB sign $206 million loan to strengthen urban services in 5 Tamil Nadu cities(03.12.2019)

The Asian Development Bank (ADB) and the Government of India on 2nd December 2019 signed a $206 million loan to develop water supply and sewerage infr.....

Tags : India, ADB, Loan, Urban services

A person deprived of using legitimately entitled money has a right to be compensated for the deprivation by way of interest, compensation or damages(26.12.2019)

The Review Petitioner, Power Grid Corporation of India Ltd., has filed the present Review Petition under Section 94 of the Electricity Act, 2003 read .....

Tags : Refund, Bank Guarantee, Direction

Beneficiary is entitled to realize a Bank Guarantee in terms thereof irrespective of any pending dispute relating to the terms of the contract(20.12.2019)

In the 'Corporate Insolvency Resolution Process' of Vishwa Infrastructures and Services Private Limited, the Appellant - 'Thermax Limited' (Operationa.....

Tags : Bank Guarantee, Encashment

Government puts in place measures to protect commercial decision making by Banks(28.01.2020)

The Finance Minister has repeatedly assured Bankers that adequate measures would be taken to protect honest commercial decisions taken by them and dis.....

Tags : Commercial, Banks

News

RBI Relaxes Deposit Norms for Foreign Missions, Diplomats(06.05.2016)

Reserve Bank of India (RBI) has repealed and superseded regulations under the Foreign Exchange Management (Deposit) Regulations, 2000, in consultation.....

Tags : Reserve Bank of India , Foreign Exchange Management (Deposit) Regulations, 2000,

Setting up of IFSC Banking Units (IBUs) - Permissible activities(21.01.2020)

This is with reference to RBI circular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015, as modified from time to time, setting out RBI directi.....

Tags : IFSC, Banking Units, Permissible activities

Incentivising bank credit to specific sectors - Exemption from CRR maintenance(10.02.2020)

It has been announced in paragraph 3 of the Statement on Developmental and Regulatory Policies of February 6, 2020, that the Reserve Bank is actively .....

Tags : Bank credit, Exemption, CRR Maintenance

Exim Bank's Government of India supported Line of Credit (LoC) of USD 161.36 million to the Government of the Republic of Burundi(01.04.2020)

1. Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 02, 2019 with the Government of the Republic of Burundi, for makin.....

Tags : Exim, bank, Support, LoC

TRAI issues Consultation Paper on "Roadmap to Promote Broadband Connectivity and Enhanced Broadband speed."(20.08.2020)

1.The Telecom Regulatory Authority of India (TRAI) today issued the Consultation Paper on "Roadmap to Promote Broadband Connectivity and Enhanced Broa.....

Tags : Consultation Paper, Broadband Connectivity, Promotion

Applicability of the provisions of sub-clause (i) of clause (c) of sub-section (1) of Section 10 of Banking Regulation Act, 1949 to Kotak Mahindra Bank Limited(23.09.2020)

Whereas, sub-clause (i) of clause (c) of sub-section (1) of section 10 of the Banking Regulation Act, 1949 (10 of 1949) (hereinafter referred to as th.....

Tags : Applicability, Provisions, Kotak Mahindra Bank Limited

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

Co-Lending by Banks and NBFCs to Priority Sector(05.11.2020)

1. Please refer to the circular FIDD.CO.Plan.BC.08/04.09.01/2018-19 dated September 21, 2018 on co-origination of loans by banks and NBFCs for lending.....

Tags : Co-Lending, Banks and NBFCs, Priority Sector

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

Exim Bank's Government of India supported Line of Credit (LoC) of USD 20.10 million to the Government of the Republic of Nicaragua(05.11.2020)

1. Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 12, 2020 with the Government of the Republic of Nicaragua, for mak.....

Tags : Exim Bank, LoC, Agreement

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

Reserve Bank of India cancels the licence of the Karad Janata Sahakari Bank Ltd, Karad, Maharashtra(08.12.2020)

The Reserve Bank of India (RBI) has, vide order dated December 7, 2020 cancelled the licence of The Karad Janata Sahakari Bank Ltd., Karad, Maharashtr.....

Tags : Licence, Cancellation, Sahakari Bank

Report on Trend and Progress of Banking in India 2019-2020(29.12.2020)

Today, the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2019-20, a statutory publication in compliance with Sec.....

Tags : Report, Trend, Banking sector

Draft guidelines for ‘on tap’ licencing of universal banks(05.05.2016)

The Reserve Bank of India took a major step towards replacing its ‘stop and go’ policy for licensing universal with a more ‘continuous’ process by

Tags : Universal bank, licence, continuous process

Invocation of a bank guarantee cannot be injuncted merely on ground that disputes are pending between the parties(08.02.2021)

The Petitioner has filed the present petition under Section 9 of the Arbitration and Conciliation Act, 1996 ( A&C Act), praying that direction be issu.....

Tags : Bank guarantee, Encashment, Injunction

RBI Permits Banks to Convert Stressed Loans into Standard, Conditions Apply(25.09.2015)

RBI has said that it would permit banks to convert status of their "stressed" loans to a company into "standard" ones if entity is sold to a new major.....

Tags : RBI,Banks

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

RBI Says No Fresh Permission to Foreign Law Firms for Liaison Office(30.10.2015)

Reserve Bank of India (RBI) has said it would not grant fresh or renewed permission to any foreign law firm to open a liaison office in the country.

Tags : Reserve Bank of India, Foreign Law Firms

Declaration of dividends by banks(22.04.2021)

1. Please refer to our circular DOR.BP.BC.No.29/21.02.067/2020-21 dated December 4, 2020, and other associated circulars on the captioned subject.

Tags : Declaration, Dividends, Banks

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

Access for non-banks to centralised payment systems(28.07.2021)

1. A reference is invited to Paragraph 9 of the Statement on Developmental and Regulatory Policies dated April 07, 2021 wherein it was announced that .....

Tags : Access, Non-banks, CPS

Composition and Ownership of Deposits with Scheduled Commercial Banks(11.01.2016)

The Reserve Bank of India released data related to the composition and ownership pattern of deposits with scheduled commercial banks as of March 31, 2.....

Tags : Scheduled banks, deposits, march 2015

RBI imposes monetary penalty on Axis Bank Limited(28.07.2021)

The Reserve Bank of India (RBI) has imposed, by an order dated July 28, 2021, a monetary penalty of Rs. 5.00 crore (Rupees Five crore only) on Axis Ba.....

Tags : Penalty, Imposition, Axis Bank

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

Measures taken to facilitate digital banking(27.07.2021)

The Government has taken a number of steps to facilitate digital banking, doorstep banking services and digital lending platforms. This was stated by .....

Tags : Measures, Digital banking, Digital infrastructure

Court has discretion to insist on a Bank Guarantee from any specific bank or class of banks to safeguard the interest of beneficiary of Bank Guarantee(24.08.2021)

Present appeals are against a judgment passed by the High Court, dismissing the Appeal filed by the Appellant under Section 37 of the Arbitration and .....

Tags : Bank Guarantee, Replacement, Direction

Modalities for filing of placement memorandum through a Merchant Banker(21.10.2021)

1. AlFs shall launch scheme(s) subject to filing of placement memorandum with SEBI through a SEBI registered Merchant Banker. In this regard, SEBI (Al.....

Tags : Modalities, Filing, Merchant Banker

Exim Bank's Government of India supported Line of Credit of USD 100 million to the Government of the Republic of Mauritius(12.08.2021)

Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 19, 2021 with the Government of the Republic of Mauritius, for ma.....

Tags : Exim Bank, Agreement, LoC

Saving the Brahmachari from wonting the vamp(05.04.1991)

The ban on women entering the ‘Sabarimala’ faces agitation again, but favourable or un-, lifted or not, the outcome will point to the current leanings.....

Tags : Sabarimala, ban, women, kerala

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

National Company Law Tribunal effective 1 June 2016(01.06.2016)

The Central Government constituted the National Company Law Tribunal and Appellate Tribunal for hearing matters arising under the Companies Act and th.....

Tags : companies act, bankruptcy code, company law tribunal

RBI imposes monetary penalty on Nagrik Sahakari Bank Maryadit, Durg, Chhattisgarh(16.11.2021)

The Reserve Bank of India (RBI) has imposed, by an order dated November 16, 2021, a monetary penalty of Rs. 2.00 lakh (Rupees Two lakh only) on Nagrik.....

Tags : Penalty, Imposition, Bank

Maintenance of current accounts in multiple banks by Stock Brokers(28.10.2021)

1. SEBI vide circular no. SMD/SED/CIR/93/23321 dated November 18, 1993 on "Regulation of Transactions between Clients and Brokers" mandated that all t.....

Tags : Maintenance, Current accounts, Multiple banks

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

Supreme Court Upholds RBI Regulations for Export Ban on PPE Kits(07.12.2021)

Supreme Court has upheld the measures adopted by the Reserve Bank of India to implement the ban imposed by the Union Government on the export of Perso.....

Tags : Supreme Court, RBI Regulations for Export Ban on PPE Kits

Exim Bank's Government of India supported Line of Credit of USD 7.29 million to the Government of Cooperative Republic of Guyana(10.03.2022)

1. Export-Import Bank of India (Exim Bank) has entered into an agreement dated September 29, 2021 with the Government of Cooperative Republic of Guyan.....

Tags : Exim Bank, Support, Line of Credit

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

Disciplinary proceeding initiated prior to the retirement of a bank employee would continue even after his retirement(28.03.2022)

In facts of present case, the Petitioner who was lastly working as Senior Branch Manager with the Respondent-Bank, has retired on 31 May 2013 on attai.....

Tags : Retirement, Disciplinary Proceedings, Bank Employee

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

Basic Statistical Return on Credit by Scheduled Commercial Banks in India - March 2022(28.09.2022)

The Reserve Bank released the web publication 'Basic Statistical Return on Credit by Scheduled Commercial Banks (SCBs) in India - March 2022'1 on its .....

Tags : Statistical Return, Credit, Banks

Once a guarantee is valid on the face of it, the contractual obligation of the bank is to pay the nominated beneficiary, if the conditions are met(30.12.2022)

In present case, the High Court dismissed the application brought by the liquidators of the Appellant, Cape Concentrate (Pty) Ltd. to set aside, as a .....

Tags : Payment, Demand, Bank guarantees

RBI Eases Norms on FDI in CICs(20.05.2016)

Reserve Bank of India (RBI) has eased norms around Foreign Direct Investment (FDI) in credit information companies (CICs) in India.

Tags : Reserve Bank of India, FDI

Sectoral Deployment of Bank Credit - December 2022(31.01.2023)

Data on sectoral deployment of bank credit for the month of December 20221 collected from 40 select scheduled commercial banks, accounting for about 9.....

Tags : Sectoral Deployment, Bank Credit, Data

Sectoral Deployment of Bank Credit - January 2023(28.02.2023)

Data on sectoral deployment of bank credit for the month of January 20231 collected from 40 select scheduled commercial banks, accounting for about 93.....

Tags : Sectoral Deployment, Bank Credit, Data

Equitas Small Finance Bank Limited commences operations(12.09.2016)

The Reserve Bank of India has issued a licence to Equitas Small Finance Bank Limited under Section 22 (1) of the Banking Regulation Act, 1949 to carry.....

Tags : Bank, Equitas Small Finance, Licence

Central Government declares the computer resources of Canara Bank to be protected systems(11.01.2023)

In exercise of the powers conferred by sub-sections (1) and (2) of section 70 of the Information Technology Act, 2000 (21 of 2000), the Central Govern.....

Tags : Computer resources, Core Banking Solution, protected systems

RBI Cancels License of 56 NBFCs(07.12.2015)

Reserve Bank of India (RBI) has cancelled a bulk of Non-Banking Financial Companies (NBFCs) Licence, for either violating regulatory norms or surrende.....

Tags : Reserve Bank of India , Non-Banking Financial Companies

Application under Section 7 of the IBC is filed only when the right to apply against default accrues and for every default, there is a fresh period of limitation(24.05.2023)

The present appeal has been filed under Section 61 of the Insolvency & Bankruptcy Code, 2016 (IBC) against the 'impugned order' passed by the 'Adjudic.....

Tags : Period of Limitation, Insolvency and Bankruptcy Code

NGT Stays Steel Flyover Project in Bengaluru(02.11.2016)

National Green Tribunal (NGT) has issued an interim injunction against proposed steel flyover planned by Bangalore Development Authority (BDA).

Tags : NGT, Bangalore Development Authority, steel flyover

Decision taken by the Government in relation to the economic policies is not ordinarily interfered by the Courts unless arbitrary(29.05.2023)

The instant writ petition under Article 226 of the Constitution of India has been filed by the Petitioner as a Public Interest Litigation (PIL) seekin.....

Tags : RBI Notification, Banknotes, Exchange

Central Government specifies that all public sector banks and ICICI Bank, Axis Bank, HDFC Bank Ltd. and IDBI Bank shall be authorised to operate the Mahila Samman Savings Certificate, 2023(27.06.2023)

In pursuance of the powers conferred by sub-clause (ii) of clause (g) of section 3 of the Government Savings Promotion Act, 1873 (5 of 1873), the Cent.....

Tags : Banks, Operation, Savings Certificate

Punjab and Haryana HC Dismisses Plea By Hotel, Restaurant Owners on Renaming of State Highways(19.04.2017)

Punjab and Haryana High Court has dismissed a plea by seven hotel and restaurant owners challenging UT Administration’s decision to not rename Madhya .....

Tags : Punjab and Haryana High Court, State Highways, Liquor Ban

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949(31.01.2024)

1. In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, .....

Tags : Paytm Payments Bank, Direction

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

Sectoral Deployment of Bank Credit - August 2023(28.09.2023)

Data on sectoral deployment of bank credit for the month of August 20231 collected from 40 select scheduled commercial banks, accounting for about 93 .....

Tags : Sectoral Deployment, Bank Credit, Highlights

India Signs Loan Agreement with the World Bank for USD 25.2 Million for Chhattisgarh Public Financial Management and Accountability Program(05.03.2019)

The Government of India, the State Government of Chhattisgarh and the World Bank signed here in New Delhi today a $25.2 Million Loan Agreement to supp.....

Tags : Loan Agreement, World bank, Signing of

Circular regarding voluntary transition of Small Finance Banks to Universal Banks(26.04.2024)

1. This is with reference to Paragraph 14 of the "Guidelines for 'on-tap' Licensing of Small Finance Banks in Private Sector" dated December 5, 2019, .....

Tags : Voluntary transition, Small Finance Banks, Conversion

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

Reserve Bank releases deposits with Scheduled Commercial Banks - March 2024(04.06.2024)

The Reserve Bank released the web publication 'Deposits with Scheduled Commercial Banks2 - March 20243' on its 'Database on Indian Economy' portal.

Tags : Deposits, Release, Commercial bank

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

"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

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

DCDRC to Municipal Corp.: Allow Maximum One Pet Dog for One Family(17.11.2022)

District Consumer Disputes Redressal Commission (DCDRC), Gurugram while directing Municipal Corporation to require that one family will keep only one .....

Tags : DCDRC, Dog, Ban

Prompt Corrective Action (PCA) Framework(26.02.2019)

The Board for Financial Supervision (BFS), in its meeting held on February 26, 2019 reviewed the performance of banks under PCA and noted that the Gov.....

Tags : Banks, Performance, Review

ITAT, Mumbai: Interest on Investments in Co-operative Bank Eligible for Deduction(24.02.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest income earned by a co-operative society on its investments held with a co-oper.....

Tags : Income Tax Appellate Tribunal, Interest on Investments in Co-operative Bank

Reserve Bank of India imposes monetary penalty on Syndicate Bank(05.02.2019)

The Reserve Bank of India (RBI) has imposed, by an order dated January 30, 2019, a monetary penalty of Rs. 10 million on Syndicate Bank (the bank) for.....

Tags : Penalty, Imposition, Syndicate Bank

Banks must offer Wealth Management Services through subsidiary(21.04.2016)

The Reserve Bank of India clarified that banks cannot provide Investment Advisory Services (better known as ‘Wealth Management Services’) to its custo.....

Tags : investment advisors, banks, separation

National Green Tribunal Seeks Status from CPCB on Kite String Ban Implementation(24.01.2020)

National Green Tribunal has asked Central Pollution Control Board (CPCB) to submit a compliance report on the status of implementation of the ban on m.....

Tags : National Green Tribunal, Kite String Ban Implementation

NGT Denies to Modify its Order on Ban on 10 Year Old Vehicles(13.08.2015)

National Green Tribunal has refused to modify its order which has banned running of diesel vehicles which are over 10 years old in Delhi-NCR.

Tags : National Green Tribunal,Ban on 10 Year Old Vehicles

Calcutta High Court: Reserve Bank of India is 'State' Under Article 12(11.03.2021)

Calcutta High Court has held that the Reserve Bank of India (RBI) is "State" under Article 12 of the Constitution of India, 1949. The Court has furthe.....

Tags : Calcutta High Court, Reserve Bank of India

Madras HC Allows ICICI Bank to Recover Rs. 222 Crore Dues from Subhiksha Trading Services(07.02.2019)

Madras High Court, in a reprieve to ICICI Bank, has ruled that it finds no ground to interfere in order of Chennai Debts Recovery Appellate Tribunal .....

Tags : Madras High Court, Subhiksha Trading Services, ICICI Bank

RBI to issue of Rs. 100 banknotes with inset letter 'L'(20.04.2016)

The Reserve Bank of India continued its trend of “ascending size of numerals” on bank notes with changes to Rs. 100 currency notes. The notes will be .....

Tags : rbi, banknotes, 100

Bombay HC Sets Aside Goods and Services Tax Authority's Order on Power to Attach Bank Accounts(23.01.2020)

Bombay High Court has quashed and set aside an order by the Directorate General of Goods and Services Tax Intelligence holding that the said order of .....

Tags : Bombay High Court, Power to Attach Bank Accounts

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

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

National Bank for Financing Infrastructure and Development (Removal of Difficulties) Order, 2021(01.12.2021)

In exercise of the powers conferred by sub-section (1) of section 46 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 o.....

Tags : National Bank, Financing Infrastructure, Order, 2021

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

Exemption of a Banking Company from the application of the provisions of Sections 5 and 6 of the Competition Act, 2002(11.03.2020)

In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government hereby exempts a Ban.....

Tags : Exemption, Banking Company, Application, Provisions

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

Supreme Court Refuses Urgent Listing for Builders' Plea to Lift Construction Ban in Delhi(06.12.2021)

Supreme Court has turned down a plea made on behalf of a builders group for urgent listing of its plea to lift the blanket ban imposed on construction.....

Tags : Supreme Court, Builders' Plea to Lift Construction Ban in Delhi

Award Scheme For Outstanding Writings In The Field Of Banking Hindi Declaration Of Result For The Year 2015-16(17.04.2017)

Reserve Bank of India had invited entries under the captioned scheme vide press release dated 14 July 2016. On evaluation of the entries received, it .....

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SC: Adj. Authority Has Power to Recall Order Approving RP Which Isn’t Submitted As Per IBC(14.02.2024)

Supreme Court has held that National Company Law Tribunal has the power under Insolvency and Bankruptcy Code, 2016 (IBC) to recall its order approving.....

Tags : Supreme Court, NCLT, Resolution Plan, Insolvency and Bankruptcy Code

Delhi HC Directs Accused to Do Community Service at Gurudwara Bangala Sahib(15.03.2021)

Delhi High Court has directed a young accused of 21 years to do one month community service at Gurudwara Bangala Sahib while quashing the First Inform.....

Tags : Delhi High Court, Community Service at Gurudwara Bangala Sahib

Madras HC Refuses to Grant Bail to Bank Lawyer for ‘Defrauding’ Money(10.08.2016)

Madras HC has refused to grant anticipatory bail to M.P. Venkatakrishnan, Assistant Manager (Legal) of HDFC Bank in Tirunelveli district, in two cases.....

Tags : Madras HC, Bank Lawyer, M.P. Venkatakrishnan

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

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

SC Bans Felling of Mature Trees for Development Work(19.02.2021)

Supreme Court has said it would ban felling of mature, beneficial trees for development work, including laying roads and setting up industries, and or.....

Tags : Supreme Court, Ban on Felling of Mature Trees

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

Rajya Sabha Approves Insolvency and Bankruptcy Code (Amendment) Bill, 2020(13.03.2020)

Rajya Sabha has passed amendments to the insolvency law in the Insolvency and Bankruptcy Code (Amendment) Bill, 2020 that will help ring-fence success.....

Tags : Parliament, Insolvency and Bankruptcy Code (Amendment) Bill, 2020

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

Reserve Bank of India Issues Directions for Permitting Rupee Derivatives to be Traded in IFSCs(24.01.2020)

Reserve Bank of India has released directions under Section 45 W of the Reserve Bank of India Act, 1934 permitting Rupee derivatives to be traded in I.....

Tags : Reserve Bank of India, Trading of Rupee Derivatives in IFSCs

No Right with Bank Employee to be Associated with Decision Making Process for Fixation Of Salary: SC(13.02.2019)

Supreme Court has observed that the employee of a Bank has no right that he should be associated with the decision-making process in respect of the fi.....

Tags : Supreme Court, Bank Employee, Fixation Of Salary

RBI Strikes Down Registration Certificate of Seven NBFCs(18.08.2015)

Reserve Bank of India (RBI) has cancelled certificate of registration of seven Non-Banking Financial Companies (NBFCs) including that of Religare Fina.....

Tags : Reserve Bank of India,NBFCs

Delhi HC Dissolves Marriage on Husband Treating Wife as Overseas Wife for Temporary Companionship(05.01.2022)

Delhi High Court has dissolved marriage between a couple on the ground of cruelty, observing that the husband treated the wife as his overseas wife, o.....

Tags : Delhi High Court, Husband Treating Wife as Overseas Wife

Kerala HC Dismisses Plea to Ban Organ Donation Even to Save Life(13.02.2019)

Kerala High Court has dismissed a Public Interest Litigation filed by a lawyer seeking prohibition of donation of organs such as liver, kidneys, heart.....

Tags : Kerela High Court, Ban Organ Donation

HP High Court Strikes Down Provision of Rent Act(04.08.2016)

HP High Court has struck down first proviso of clause (c) of sub-section (3) of Section 14 of the of HP Urban Rent Control Amended Act, observing it a.....

Tags : HP High Court, HP Urban Rent Control Amended Act

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

SC Asks SIT to Look into BoB Scam(27.04.2016)

Supreme Court has directed Special Investigation Team (SIT) on black money to look into a fresh plea seeking a probe into the recent Bank of Baroda (B.....

Tags : Supreme Court , Bank of Baroda

Reserve Bank of India imposes monetary penalty on Apna Sahakari Bank Ltd., Mumbai(23.01.2020)

The Reserve Bank of India (RBI) has, by order dated January 22, 2020, imposed monetary penalty of Rs. 14 lakh on Apna Sahakari Bank Ltd., Mumbai, (the.....

Tags : Penalty, Imposition, Bank

India signs 200 million US Dollar Loan Deal with World Bank for National Nutrition Mission (POSHAN Abhiyaan) for 315 districts across all states/UTs(07.05.2018)

The Government of India signed a loan deal worth $ 200 million with the World Bank today for the National Nutrition Mission (POSHAN Abhiyaan). The loa.....

Tags : Loan Deal, World Bank, POSHAN Abhiyaan

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

Kar. HC: Banks Do Not Have the Power of Retaining Passport or OCI Card of Accused as Security(17.01.2024)

Karnataka High Court has held that banks do not have the authority to withhold the passport or OCI cards of an accused, even if, the accused has surre.....

Tags : Karnataka High Court, Passport, Banks

CIVIL - Bombay HC Asks Authority to Clear Roads of Abandoned Vehicles Where Metro Work is On(06.03.2019)

Bombay High Court has directed state and Mumbai traffic police to crack down on illegally parked and abandoned vehicles on roads where Metro construct.....

Tags : Bombay High Court, Clear Roads of Abandoned Vehicles

Reserve Bank of India Lifts Restriction on Bandhan Bank(26.02.2020)

Reserve Bank of India has lifted the restriction on Bandhan Bank to expand its branch network after considering the efforts made by the private lender.....

Tags : Reserve Bank of India, Bandhan Bank

PFRDA notifies amendments to Trustee Bank (TB) and Central Recordkeeping Agency (CRA) Regulations(22.02.2024)

The Pension Fund Regulatory and Development Authority (PFRDA) has notified the Trustee Bank (TB) (Amendment) Regulations, 2023 and the Central Recordk.....

Tags : Amendments, Trustee Bank, Regulations

Lok Sabha Passes Bankruptcy Bill(06.05.2016)

Lok Sabha has passed the Insolvency and Bankruptcy code 2016 with all the amendments proposed by the joint committee of Parliament being accepted by t.....

Tags : Lok Sabha , Bankruptcy Bill

Reserve Bank of India Penalizes HDFC Bank Rs 1 Crore for Failing Know Your Customer Norms(30.01.2020)

Reserve Bank of India has imposed a penalty of Rs 1 Crore on Housing Development Finance Corporation (HDFC) Bank for failing to comply with the Centra.....

Tags : Reserve Bank of India, HDFC, KYC Norms

Madras HC Says No to Banners on Jayalalithaa Birth Anniversary(14.02.2019)

Madras High Court has refused to permit two AIADMK district office bearers to erect digital banners in view of former Chief Minister J Jayalalithaa’s .....

Tags : Madras High Court, Banners on Jayalalithaa Birth Anniversary

RBI Launches Website “Sachet” to Tackle Fraud(05.08.2016)

Reserve Bank of India (RBI) has launched a website named “Sachet” from which anyone can obtain information regarding entities that are allowed to acce.....

Tags : Reserve Bank of India , Sachet

Supreme Court Issues Notice in Woman's Habeas Corpus Plea to Trace Missing Husband(12.01.2022)

Supreme Court has issued notice to the High Commissioner of Malaysia in a habeas corpus petition filed by a wife seeking to trace her husband who had .....

Tags : Supreme Court, Habeas Corpus Plea to Trace Missing Husband

CESTAT, New Delhi: Banking Services are Related to Collection of Export Proceeds(05.03.2020)

Customs Excise and Service Tax Appellate Tribunal, New Delhi has held that banking services are related to the collection of export proceeds and has a.....

Tags : Customs Excise and Service Tax Appellate Tribunal, Banking Services

SC Issues Notice in Plea Against Alleged Use of Banned Chemicals by Firework Manufacturers(09.04.2021)

Supreme Court has issued notice to the manufacturers in application filed against alleged use of banned chemicals by firework manufacturers, mislabell.....

Tags : Supreme Court, Alleged Use of Banned Chemicals by Firework Manufacturers

RBI Refuses to Extend Deadline for PPIs to Complete Customer Verification(27.02.2018)

Reserve Bank of India (RBI) has refused to extend the 28 February deadline for prepaid payment instruments (PPIs) such as mobile wallets to complete k.....

Tags : Reserve Bank of India, prepaid payment instruments, know-your-customer

Kar. HC: Sufficient Bank Bal. Not Absolute Pre-requisite to Establish Readiness to Execute Agreement(24.01.2024)

Karnataka High Court has held that although it is relevant to consider the bank balance of a party while considering the matters of readiness and will.....

Tags : Karnataka High Court, Sale Agreement, Bank Balance

Reserve Bank Employees are Not Central Government Servants: Madras HC(15.04.2019)

Madras High Court has observed that the employees of Reserve Bank of India cannot be called as Government employees.

Tags : Supreme Court, Reserve Bank of India

Delhi HC Directs RBI, SBI to Maintain Status Quo on Reliance Accounts(07.01.2021)

Delhi High Court has directed Reserve Bank of India and State Bank of India to maintain status quo on the classification of Anil Ambani's Reliance Com.....

Tags : Delhi High Court, Reliance Bank Accounts

Chhattisgarh HC: Bank Can be Restrained from Enforcement of Unconditional Bank Guarantee(25.01.2022)

Chhattisgarh High Court has held that the bank can be restrained from enforcement of unconditional and absolute performance bank guarantee by interim .....

Tags : Chhattisgarh High Court, Unconditional Bank Guarantee

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

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

Reserve Bank of India Cancels Vodafone’s Certificate of Authorization for M- Pesa(22.01.2020)

Reserve Bank of India has said that it has cancelled the Certificate of Authorization of Vodafone M- Pesa on account of voluntary surrender of authori.....

Tags : Reserve Bank of India, Vodafone

SC Rejects Woman’s Plea to Live with Husband 14 Years After Deserting Him(09.03.2021)

Supreme Court has rejected a woman’s plea to live with her husband 14 years after she deserted him and scotched reconciliation efforts by slapping fal.....

Tags : Supreme Court, Woman’s Plea to Live with Husband

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

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

SC Strikes Down RBI Circular on Defaulting Firms, Calls it Unconstitutional(02.04.2019)

Supreme Court has quashed a Reserve Bank of India circular of February 12, 2018, asking banks to classify a loan account as stressed if there was even.....

Tags : Supreme Court, Reserve Bank of India

INSOLVENCY - NCLT Rejects Karur Vysya Bank’s Plea Against ArcelorMittal Plan for Essar Steel(08.03.2019)

National Company Law Tribunal has rejected Karur Vysya Bank’s plea to quash Rs 42,000-crore resolution plan of ArcelorMittal for distressed Essar Stee.....

Tags : NCLT, Essar Steel, Karur Vysya Bank

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

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

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

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

Oxytocin formulations ban to come into effect from 1st July 2018, KAPL to manufacture the drug for domestic use only(27.06.2018)

The Ministry of Health and Family Welfare has restricted the manufacture of Oxytocin formulations for domestic use to public sector only from 1st July.....

Tags : Oxytocin formulations, Ban, Manufacture

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

RBI Announces Cut in Repo Rate and Reverse Repo Rate(27.03.2020)

Reserve Bank of India (RBI) has announced a 75 basis points cut in repo rates, 90 basis points cut to 4% in reverse repo rate as a measure to counter .....

Tags : Reserve Bank of India, Cut in Repo Rate and Reverse Repo Rate

Insolvency And Bankruptcy Board Notifies Fast Track Insolvency Resolution Process(19.06.2017)

IBBI has notified IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 which provide process from initiation of ins.....

Tags : Insolvency and Bankruptcy Board of India, Fast Track, Insolvency Resolution Process

CRIMINAL - Unnatural Sex, Excess Sexual Act of Husband Not Instigation for Wife's Suicide: Chhattisgarh HC(11.03.2019)

Chhattisgarh High Court, while discharging a man accused of instigating his wife's suicide, has observed that excess sexual acts by a husband and unna.....

Tags : Madhya Pradesh High Court, Unnatural Sex, Excess Sexual Act of Husband, Instigation for suicide,

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

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

BANKING - SC Refuses to Stay Merger of Vijaya, Dena Banks with Bank of Baroda(29.03.2019)

Supreme Court has refused to stay amalgamation of three public sector lenders Vijaya Bank, Dena Bank and Bank of Baroda and dismissed applications fil.....

Tags : Supreme Court, Vijaya Bank, Dena Bank

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

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

Supreme Court Indicts Indian Bank for Negligence(20.01.2020)

Supreme Court has directed the Indian Bank to pay Rs. 25 lakhs as compensation to Dayanand Anglo Vedic Public School in West Bengal for negligence lea.....

Tags : Supreme Court, Indian Bank

ITAT Chennai: Urban Land Leased Out to Educational Trust Cannot be Treated as ‘Vacant Land’(04.03.2021)

Income Tax Appellate Tribunal (ITAT), Chennai has held that wealth tax is not applicable on lands held by a trust for charitable purposes.

Tags : ITAT Chennai, Urban Land

Yes Bank Gets RBI Approval for MF and AMC(13.10.2015)

Yes Bank has received Reserve Bank of India (RBI) approval to set up a mutual fund asset management company and trustee company as wholly owned subsid.....

Tags : Yes Bank, Reserve Bank of India

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

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

BANKING - 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

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.

#Union Budget 2022-2023: Post Office to Come Under Core Banking Systems(01.02.2022)

Finance Minister has said that 100% of 1.5 lakh Post Offices will come on Core banking systems to help farmers and senior citizens in rural areas. Go.....

Tags : Union Budget, Finance Minister, Core Banking Systems

RBI Employees are Not Central Government Servants: Madras HC(15.04.2019)

Madras High Court has held that employees of Reserve Bank of India cannot be called as Government employees and also observed that fact that Central G.....

Tags : Madras High Court, Reserve Bank of India

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

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

NCDRC: Bank Liable for Fraudulent Online Transaction if Account Holder's Fault Not Proved(11.01.2021)

National Consumer Disputes Redressal Commission (NCDRC) has held that in case of fraudulent transactions leading to withdraw of money from a person's .....

Tags : National Consumer Disputes Redressal Commission, Fraudulent Online Banking Transaction

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

UBS AG no longer a banking company(19.05.2016)

The Reserve Bank of India notified USB AG, the Swiss multinational financial services firm, to have ceased being a ‘banking company’ under the Banking.....

Tags : Ubs, swiss, banking company, banking act

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

RBI Relaxes Norms in Cheque Dishonour Cases(05.08.2016)

Reserve Bank of India (RBI) has relaxed norms in cheque dishonour cases of Rs 1 crore and above.

Tags : Reserve Bank of India , Cheque Dishonour Cases

Karnataka HC Asks State to Strictly Implement SOP Banning Rallies, Dharnas Amid Covid Surge(14.01.2022)

Karnataka High Court has directed the state government to strictly execute the standard operating procedure (SOP) issued on January 4 in all districts.....

Tags : Karnataka High Court, SOP Banning Rallies, Dharnas Amid Covid Surge

Allahabad HC Directs UP Government to Remove Banners of Riot-Accused(11.03.2020)

Allahabad High Court has directed the Lucknow administration to remove banners containing pictures and details of the riot accused, stating that the m.....

Tags : Allahabad High Court, Banners of Riot-Accused

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

Cabinet approves Interest Subvention to banks on Short-Term crop loan to farmers(14.06.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18......

Tags : Approval, Interest Subvention, Banks

Gujarat HC Issues Notice on PIL Seeking Direction on Ban on Use of Loudspeakers(16.02.2022)

Gujarat High Court has issued notice to the Gujarat Government on a Public Interest Litigation (PIL) plea seeking a direction to the state government .....

Tags : Gujarat High Court, Ban on Use of Loudspeakers

RBI Widens Scope of Ombudsman Scheme, Mobile And Electronic Banking Brought Under Purview(26.06.2017)

Reserve Bank of India has widened scope of its Banking Ombudsman Scheme 2006, to include inter alia deficiencies arising out of sale of insurance/ mut.....

Tags : Reserve Bank of India, Banking Ombudsman Scheme 2006

Kerala HC Stays Demand Notice Asking State Co-Operative Bank to Pay Outstanding Amount(22.02.2022)

Kerala High Court has stayed the demand notice issued by the Deputy Commissioner of Income Tax asking the State Co-operative Bank to pay the outstandi.....

Tags : Kerala High Court, State Co-Operative Bank

Provisioning on interbank exposure of Primary (Urban) Co-operative Banks (UCBs) under All Inclusive Directions(20.04.2020)

1. As you are aware, the imposition of All-inclusive Directions (AID) on an Urban Co-operative Bank (UCB), inter alia, restricts the bank from dischar.....

Tags : Provisioning, interbank exposure, UCBs

RBI Allows Financial Institutions to Conduct Business in Indian National Rupee in IFSC(20.01.2020)

Reserve Bank of India has allowed the Financial Institutions to conduct businesses in Indian National Rupees in International Financial Services Centr.....

Tags : Reserve Bank of India, Financial Institutions, Business in Indian National Rupee

Karnataka HC Directs State to Come Out with Rehabilitation Scheme for Illegal Bangladeshi Immigrants(28.02.2020)

Karnataka High Court has granted one week to the State Government to come out with a scheme for rehabilitation and grant of monetary compensation to t.....

Tags : Karnataka High Court, Rehabilitation Scheme for Illegal Bangladeshi Immigrants

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

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

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

CRIMINAL - SC Gives Gujarat Govt. 2 Weeks to Finish Proceedings in Bilkis Bano's Case(30.03.2019)

Supreme Court has given two weeks to Gujarat Government to complete disciplinary proceedings against erring officials, including policemen, who were i.....

Tags : Supreme Court, Bilkis Bano

Madras HC to TN: Pay Compensation to Man Hurt During Bandh(04.08.2016)

Madras HC, while asserting that it was State's duty to maintain law and order and protect its citizens during hartals or bandhs, has directed it to pa.....

Tags : Madras HC, DMK bandh

Telangana High Court Releases BJP State President Bandi Sanjay for Alleged Violation of Covid Norms(06.01.2022)

Telangana High Court has released BJP State President Bandi Sanjay Kumar who was sent to a 14-day judicial remand for allegedly violating Covid-19 nor.....

Tags : Telangana High Court, BJP State President Bandi Sanjay

SC Dismisses Two Officials for Tampering With Order Directing Personal Appearance of Anil Ambani(14.02.2019)

Supreme Court has summarily dismissed two court masters- Manav Sharma and Tapan Kumar Chakraborty- for tampering with the January 7 order directing pe.....

Tags : Supreme Court, Anil Ambani

Kerala High Court Refuses to Lift Festival Ban on Celebrity Elephant Who Killed 13 Amid Protests(10.05.2019)

Kerala High Court has refused to intervene in the matter related to allowing a partially blind celebrity elephant to take part in the State's largest .....

Tags : Kerala High Court, Elephant Ban

Kerala HC Refuses Stay on Kerala Government Notification Banning Online Rummy for Stakes(09.04.2021)

Kerala High Court has refused to interfere with a Kerala Government Notification 'banning online playing of rummy when played for stakes' in plea by t.....

Tags : Kerala High Court, Notification Banning Online Rummy for Stakes

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

Supreme Court Asks Air Quality Commission to Decide on Lifting Construction Ban(10.12.2021)

Supreme Court has granted liberty to the Commission for Air Quality Management in National Capital Regions to take a decision on the lifting the ban o.....

Tags : Supreme Court, Lifting Construction Ban

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

Prompt Corrective Action Framework - IDBI Bank Limited(10.03.2021)

The performance of IDBI Bank Limited, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Su.....

Tags : PCAF, IDBI Bank, Review

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

SC: NBFC & Leasing Co. Not Liable to Pay Interest Tax on Installments Under Hire Purchase Agreement(05.01.2023)

Supreme Court has held that non-banking finance (NBFC) and leasing companies are not liable to pay tax on the interest component included in the hire-.....

Tags : Supreme Court, Non-Banking Finance, Hire Purchase Agreement

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

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.

Inclusion of "India Post Payments Bank Limited" in the Second Schedule of the Reserve Bank of India Act, 1934(03.07.2019)

We advise that the "India Post Payments Bank Limited" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notificatio.....

Tags : Post Payments, Bank, Inclusion

Reserve Bank of India (Issue and Pricing of Shares by Private Sector Banks) Directions, 2016(21.04.2016)

The Reserve Bank of India issued Master Directions on the issue and pricing of shares by private sector banks. Under the provisions, pricing of shares.....

Tags : private bank, share issue, pricing

Reserve Bank of India Raises Investment Cap for FPIs in Corporate and Government Debt Instruments(24.01.2020)

Reserve Bank of India has raised the investment limit for foreign portfolio investors in Government and Corporate Bonds, in a bid to bring in more for.....

Tags : Reserve Bank of India, Investment Cap for Foreign Portfolio Investors

SC Dismisses Plea Against Ban on Mics and Loudspeakers in Residential Areas(12.02.2019)

Supreme Court has rejected a plea by West Bengal BJP to set aside Calcutta High Court's 2013 order which had banned use of loudspeakers in residential.....

Tags : Supreme Court, Ban on Mics and Loudspeakers

Conduct of Government Business by Agency Banks - Payment of Agency Commission(13.08.2015)

The Reserve Bank of India issued a clarification on activities that do not come under the purview of agency bank business and are not eligible for pa.....

Tags : agency commission, government business, banks

SC: Quantity of Neutral Substance Can’t be Ignored While Labelling Recovered Contraband(21.11.2022)

Supreme Court has held that quantity of neutral substances cannot be ignored while labelling the quantity of contraband recovered as 'small quantity' .....

Tags : Supreme Court, Neutral Substance, Contraband

CIVIL - Kerala HC Directs District Collectors to be Present in Proceedings Regarding Formation of Kerala Bank(06.03.2019)

Kerala High Court has directed seven District Collectors to be present in person during meeting to be held at district banks concerning finalising the.....

Tags : Kerala High Court, Kerala Bank

Delhi High Court Seeks DGCA Response on Kunal Kamra's Plea Against Flying Ban(25.02.2020)

Delhi High Court has asked Directorate General of Civil Aviation (DGCA) to respond to comedian and activist Kunal Kamra's plea challenging his travel .....

Tags : Delhi High Court, Kunal Kamra Flying Ban

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

Kerala High Court Dismisses Plea Challenging Bank Merger(27.03.2017)

Kerala High Court has dismissed a batch of Public Interest Petitions challenging decision of State Bank of India (SBI) to acquire State Bank of Travan.....

Tags : Kerala High Court, State Bank of India

SC Stays Allahabad HC Direction to Conduct UP ULB Polls Without OBC Quota(05.01.2023)

Supreme Court has stayed Allahabad High Court's direction to Uttar Pradesh State Election Commission to notify the Urban Local Body (ULB) Polls withou.....

Tags : Supreme Court, Urban Local Body, OBC

Bombay High Court Refuses to Lift Ban on DJs, Dolby Speakers in Festivals(17.09.2018)

Bombay High Court has refused to lift the blanket ban on use of DJ and high-volume sound systems during the Ganesh Chaturthi and Navaratri festivals.

Tags : Bombay High Court, Ban on DJ, Ganesh Chaturthi

Madras HC Orders Strict Enforcement of Tamil Nadu Urban Local Bodies Rules, 2011(01.12.2021)

Madras High Court has ordered the strict enforcement of the Tamil Nadu Urban Local Bodies (Permission for Erection of Digital Banners and Placards) Ru.....

Tags : Madras High Court, Enforcement of Tamil Nadu Urban Local Bodies Rules, 2011

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

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

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

Delhi HC Issues Notice on Plea Challenging Coercive Action Proposed by YES Bank(02.04.2020)

Delhi High Court has issued notice to YES Bank Limited in a plea challenging the email sent by YES Bank, wherein the bank has proposed to take coerciv.....

Tags : Delhi High Court, YES Bank

CESTAT Bangalore: Restoration and Painting of Cylinders not subject to Tax as ‘Maintenance and Repair(10.09.2018)

Bangalore bench of CESTAT has held that activity of restoration and painting of cylinders is not subject to Service Tax under the head ‘Maintenance a.....

Tags : CESTAT Bangalore. Painting of Cylinders

Delhi Court Sends 2 Sacked SC Staffers to 7 Days PC for Posting Wrong Info on Website(09.04.2019)

A Delhi court has sent two sacked Supreme Court staffers to seven days in police custody for allegedly posting wrong information on Supreme Court's we.....

Tags : Supreme Court, Supreme Court Staffers, Anil Ambani

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

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

IT dues payable in advance at authorised bank branches(16.05.2016)

Advance income tax can be paid at authorised banks instead of just with the Reserve Bank of India. Of the 29 banks authorised to acceptance tax remitt.....

Tags : Income tax, advance, authorised banks

Supreme Court: Is Size of Turban Part of Sikh Religion?(06.08.2018)

Supreme Court has sought to know if the topknot/ half or bun turban (patka) can be worn by Sikh athletes with helmets during participation in sporting.....

Tags : Supreme Court, Turban, Sikh

Madras HC Directs Implementation of Night Travel Ban in Sathyamangalam Tiger Reserve(08.02.2022)

Madras High Court has directed that the restriction should come into force from February 10, 2021, in a public interest litigation filed for effective.....

Tags : Madras High Court, Night Travel Ban in Sathyamangalam Tiger Reserve

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

RBI releases names of applicants under the Guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks in the Private Sector(15.04.2021)

The Reserve Bank of India today released the names of applicants under the Guidelines for 'on tap' Licensing of Universal Banks and Small Finance Bank.....

Tags : Licensing, Universal Banks, Small Finance Banks

#RBI Monetary Policy: Repo Rate, Reverse Repo Cut by 25 bps(02.08.2017)

Reserve Bank of India (RBI) has reduced its repo rate by 25 bps to 6% and the reverse repo rate by 25 bps to 5.75%.

Tags : Reserve Bank of India, Monetary Policy

SC Seeks Centre's Response on Plea Against Blanket Ban on Blood Donation by Transgenders(05.03.2021)

Supreme Court has sought response from the Central Government on a writ petition challenging the blood donor guidelines in so far as they impose a bla.....

Tags : Supreme Court, Blanket Ban on Blood Donation by Transgenders

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

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

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

Karnataka High Court: Stay on Circular Banning Rearing of Certain Breeds of Dogs(20.03.2024)

Karnataka High Court has stayed a circular passed by the Union Ministry of Fisheries, Animal Husbandry, and Dairying department that banned rearing of.....

Tags : Karnataka High Court, Banning, Breeds of Dogs

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

Securities Appellate Tribunal Maintains Status Quo in Axis- Karvy Case(22.01.2020)

Securities Appellate Tribunal has extended its status quo order in the case of Axis Bank and Karvy Stock Broking till January 31.

Tags : Securities Appellate Tribunal, Axis Bank, Karvy Stock Broking Case

Delhi High Court Upholds Ban on Ola Cab Service(12.08.2015)

Delhi High Court has upheld ban on Ola Cab Service. Futher making it clear that no diesel taxis are permitted to make point-to-point metered rides wi.....

Tags : Delhi High Court , Ban

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

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

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

RBI Releases First Bi-Monthly Monetary Policy Statement, 2019-20(04.04.2019)

Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) has announced its resolution under first bi-monthly monetary policy statement for 2019-.....

Tags : Reserve Bank of India, RBI, First Bi-monthly Monetary Policy Statement, 2019-20

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

Madras HC Tells TN Election Commission to Videograph Every Stage of Urban Local Body Polls(04.01.2022)

Madras High Court has asked the Tamil Nadu State Election Commission (TNSEC) to videograph the entire election process during the upcoming urban local.....

Tags : Madras High Court, Urban Local Body Polls

NCLAT: 14 Days Timeline to Admit or Reject Case Under IBC a 'Mere Directive'(22.05.2017)

National Company Law Appellate Tribunal (NCLAT) has said that 14-day timeline for rejecting or admitting a case under Insolvency and Bankruptcy Code (.....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code

Delhi HC Seeks Response of Centre, DGCA on Ban on Passenger Travel from EU, UK(23.03.2020)

Delhi High Court has sought response of the Centre and Directorate General of Civil Aviation on a plea challenging the Centre's circular prohibiting t.....

Tags : Delhi High Court, Passenger Travel Ban

Supreme Court Annuls Allahabad HC Verdict Quashing Institutional Preference in AMU, BHU(08.06.2017)

Supreme Court has quashed Allahabad High Court’s judgment that quashed institutional preference in Aligarh Muslim University and Banaras Hindu Univers.....

Tags : Supreme Court, Allahabad High Court, Aligarh Muslim University, Banaras Hindu University

CIC Directs RBI To Appoint Nodal CPIO(14.06.2017)

Central Information Commission (CIC) has directed Reserve Bank of India to appoint a Nodal Central Public Information Officer (CPIO), in addition to c.....

Tags : Central Information Commission, Reserve Bank of India

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

US Supreme Court Says Trump's Travel Ban is Legal(27.06.2018)

US Supreme Court has upheld the constitutionality of President Trump's travel ban.

Tags : US Supreme Court, Travel Ban

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

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

IBBI Notifies Inspection And Investigation Regulations(19.06.2017)

Insolvency and Bankruptcy Board of India has notified Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 which .....

Tags : Inspection And Investigation Regulations, Insolvency and Bankruptcy Board of India

Madras High Court: Party Wanting to Abandon Claim Cannot be Compelled to Continue Case(01.04.2024)

Madras High Court while allowing the State of Tamil Nadu to withdraw cases, has observed that when a party wasn’t to abandon a case without reserving .....

Tags : Madras High Court, State of Tamil Nadu, Abandon

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

Delhi HC Seeks Delhi Govt.’s Response on Plea over Beef Ban(14.07.2016)

Delhi HC has issued notice to Delhi Government on plea challenging law that criminalizes possession and consumption of beef in the National Capital Re.....

Tags : Delhi HC, Delhi Government, Beef Ban

Delhi HC Directs SIT to Complete Investigation in Plea Seeking Inquiry into Banking Fraud(18.03.2020)

Delhi High Court has directed the Special Investigation Team to conclude investigation into banking frauds as expeditiously as possible and in all cir.....

Tags : Delhi High Court, Banking Fraud Cases

Delhi High Court Slams Civic Bodies for Turning Delhi into 'Urban Slum'(05.06.2017)

Delhi High Court has issued show cause notices to Commissioners of all three wings of Municipal Corporation of Delhi (MCD), seeking their response on .....

Tags : Delhi High Court , Urban Slum

Bombay HC Grants Bail to Men Charged under Maharashtra Government's Beef Ban Law(26.09.2016)

Bombay HC has granted bail to two brothers who were charged under Maharashtra Government's beef ban law for transporting a young bull and attempting t.....

Tags : Bombay HC, Beef Ban

SC Sets Aside Allahabad HC Order Refusing To Entertain YES Bank's Plea(25.01.2023)

Supreme Court has set aside the Allahabad High Court order refusing to entertain the Yes Bank plea challenging police investigation into an FIR lodged.....

Tags : Supreme Court, Allahabad High Court, Yes Bank, Essel Group

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

Specified Bank Notes (Cessation of Liabilities) Bill, 2017 Receives President Assent(01.03.2017)

Specified Bank Notes (Cessation of Liabilities) Bill, 2017 that provides for cessation of liabilities on specified bank notes has received assent fr.....

Tags : Specified Bank Notes (Cessation of Liabilities) Bill, 2017

Del. HC: Property Given by Deceased Husband Can Only be Enjoyed by Hindu Woman Without Income(25.04.2024)

Delhi High Court has observed that a Hindu woman without income only has complete rights to enjoy the property received by her deceased husband. She c.....

Tags : Delhi High Court, Hindu Woman, Deceased Husband, Absolute Right

RBI Issues Shareholding Norms for Private Sector Banks(13.05.2016)

Reserve Bank of India (RBI) has issued new guidelines on ownership in private sector banks by bundling shareholding patterns into two broad categories.....

Tags : Reserve Bank of India, Private Sector Banks

Karnataka HC Refuses Interim Relief to Permit Degree College Students to Wear Headscarves(22.02.2022)

Karnataka High Court has refused to grant any interim relief to two degree college students of Bhandarkar College of Arts and Science, Udupi, who soug.....

Tags : Karnataka High Court, Hijab Ban

RBI Opens Rs 50kcr Flexible Liquidity Window to Aid MFs(28.04.2020)

Reserve Bank of India (RBI) has opened a Rs 50,000 Crores flexible liquidity window to help mutual funds cope with redemption pressure, tempering inve.....

Tags : Reserve Bank of India, Liquidity Window

Punjab Assembly Amends Definition Of ‘Sale’ And ‘Supply’ Of Liquor To Circumvent SC Order(26.06.2017)

Punjab Assembly has passed Punjab Excise (Amendment) Bill, 2017 to allow sale of liquor at hotels, clubs and restaurants, located within 500 metres of.....

Tags : Punjab Assembly, Highway liquor ban

Reserve Bank Asks to Replace 17.5 Lakh Debit Cards(20.10.2016)

Reserve Bank of India (RBI) has asked banks to replace debit cards whose security is suspected to have been compromised after being used in some Autom.....

Tags : Reserve Bank of India, Automated Teller Machines

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

CIVIL - Bangalore Court Vacates Order Restraining 'The Wire' from Publishing Article Against BJP MP(15.03.2019)

A Bangalore City Civil Court has vacated the ex-parte order of interim injunction passed against online news portal "The Wire" restraining it from pub.....

Tags : Bangalore Court, The Wire, BJP MP Rajveev Chandrasekhar

Bombay HC: No Need to ‘Recall’ Witnesses in Bilkis Bano Gang Rape Case(23.09.2016)

Bombay HC has rejected plea made by defence team to recall two witnesses, including a child witness, then merely 8 years old and a CBI Officer to test.....

Tags : Bombay HC , Bilkis Bano Gang Rape Case

Bombay HC: Administrator Could Not Have Taken Policy Decision After Reconstruction of Yes Bank(23.01.2023)

Bombay High Court has set aside Yes Bank’s decision to write of Additional Tier 1 bonds Rs. 8415 Crore value observing that the Reserve Bank of India .....

Tags : Bombay High Court, Yes Bank, Reserve Bank of India

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

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

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

Delhi HC Dismisses Supertech Homebuyers’ Pleas For Stopping Banks From Charging EMIs(17.03.2023)

Delhi High Court has dismissed Supertech Urban Home Buyers Association (SUHA) Foundation and other home buyer’s petitions seeking directions for finan.....

Tags : Delhi High Court, Supertech Urban Home Buyers Association, Supertech Limited

Madras High Court: Can’t Freeze Bank Account Under UAPA in Absence of Central Government’s Order(01.04.2024)

Madras High Court has held that authorities cannot freeze the bank account of Tamil Nadu Development Foundation Trust under the Unlawful Activities Pr.....

Tags : Madras High Court, Section 7(1) of UAPA, Bank Account

INSOLVENCY - NCLT Admits ICICI Bank's Insolvency Plea Against Punj Lloyd(11.03.2019)

National Company Law Tribunal (NCLT) has admitted an insolvency plea against Punj Lloyd filed by ICICI Bank Ltd. for a default of Rs. 853.83 crore.

Tags : NCLT, Punj Lloyd, ICICI Bank

TRAI envisages data stores in public wi-fi networks(13.07.2016)

The Telecom Regulatory Authority of India released a consultation paper on the

Tags : Empowerment, Adolescent Girls, Agreement, World bank

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

Karnataka High Court Uploads Interim Order Banning Religious Dress in Colleges(11.02.2022)

Karnataka High Court has uploaded the interim order passed in the petitions challenging Hijab ban in colleges in the state. The Court has requested th.....

Tags : Karnataka High Court, Banning Religious Dress in Colleges

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

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

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

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

Reserve Bank of India Revises Stressed Asset Norms(10.06.2019)

Reserve Bank of India (RBI) has issued a new prudential framework for resolution of stressed assets, effectively replacing its 12 February 2018 circul.....

Tags : Reserve Bank of India, Stressed Asset

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

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

SC to Centre: File Status Report on Seized Contraband, Rehab Centres(02.08.2016)

SC has asked Centre to file status report on implementation of the court’s guidelines for foolproof storage and disposal of seized drugs to prevent th.....

Tags : SC , Seized Contraband, Rehab Centres, Centre

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

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

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

RBI Increases Short-Term Borrowing Capacity of Central Government(21.04.2020)

Reserve Bank of India has increased the short-term borrowing capacity of the Central Government by over 65% to temper market fears that excessive borr.....

Tags : Reserve Bank of India, Short-Term Borrowings of Government

RBI Revises Norms for 'When issued' Security(11.12.2015)

Reserve Bank of India (RBI) in order to encourage trading in ‘When Issued’ transactions in government securities, has allowed banks to take short posi.....

Tags : Reserve Bank of India , ‘When Issued’ transactions

CIVIL - Bombay HC Gives Nod to Cut 14 Mangrove Trees for Building New Flyovers in Bandra(13.03.2019)

Bombay High Court has allowed Mumbai Metropolitan Region Development Authority (MMRDA) to remove 14 mangrove trees, paving the way for the constructio.....

Tags : Bombay High Court, Mangrove Trees, Flyovers, Bandra

RBI Imposes Penalty on 3 Banks in Forex Scam(26.07.2016)

Reserve Bank of India (RBI) has imposed penalties of Rs.5 crore on Bank of Baroda, Rs.3 crore on Punjab National Bank and Rs.2 crore on HDFC Bank, in .....

Tags : Reserve Bank of India, Forex Scam

Kerala High Court: No Need to Interfere With New Rules on Cattle Slaughter Ban(01.06.2017)

Kerala High Court has said that there is no need for it to interfere with new rules proposing ban on cattle slaughter as it doesn't violate the Consti.....

Tags : Kerala High Court, Cattle Slaughter Ban

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

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

Allahabad HC Asks UP Govt to Reconsider Ban Imposed by Fee Hike in Private Schools(17.03.2022)

Allahabad High Court has asked the Uttar Pradesh Government to reconsider the ban imposed by it on fee hike in private schools. The Court has ordered .....

Tags : Allahabad High Court, Ban Imposed by Fee Hike in Private Schools

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

Delhi High Court Orders Stay on DRT Proceedings Against Yes Bank Over Dish TV shares(27.12.2021)

Delhi High Court has ordered a stay on proceedings against Yes Bank by the Debt Recovery Tribunal, Jaipur (DRT) in a petition filed by Essel Group aff.....

Tags : Delhi High Court, DRT Proceedings Against Yes Bank Over Dish TV shares

Others

Guidelines for selection of MD and CEO in public sector banks approved(20.08.2015)

The guidelines on selection of Managing Directors and Chief Executive Officers in public sector banks, other than the five large public sector banks, .....

Tags : Bank, management, selection, board

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

Delhi HC Asks Canara Bank To Pay Rs. 2.62-Lakh Compensation For Wrongful Attachment of Property(26.06.2017)

Delhi High Court has directed bank to compensate petitioner for trauma and humiliation caused due to wrongful attachment of his property because of ba.....

Tags : Delhi High Court, Canara Bank

RBI Issues Guidelines for Voluntary Surrender of Licence by PSOs(13.05.2016)

Reserve Bank of India (RBI) has issued guidelines for voluntary surrender of licence by Payment System Operators (PSOs) under Payment & Settlements Sy.....

Tags : Reserve Bank of India , PSOs

Madras HC: Total Ban on Conduct of Religious Meetings Not Possible(30.01.2023)

Madras High Court while allowing Indu Makkal Katchi-Tamizhagam to conduct their State conference on 29th January 2023, has held that there could not b.....

Tags : Madras High Court, Ban, Religious Meeting

RBI Permits 100% FDI in Regulated Financial Services(21.10.2016)

Reserve Bank of India (RBI) has permitted 100 % foreign direct investment in 'Other Financial Services' carried out by NBFCs, a move which will help a.....

Tags : Reserve Bank of India, 100% FDI , Regulated Financial Services

ITAT, Pune Allows Claim for Set-off of Loss by Husband Invested in Wife’s Business(30.01.2020)

Income Tax Appellate Tribunal, Pune has held that the wife’s separate income can be clubbed into husbands total income and in the case of any loss inc.....

Tags : Income Tax Appellate Tribunal, Clubbing of Husband and Wife's Incomes

RBI: Banks Cannot Refuse to Accept Scribbled, Coloured, Faded Bank Notes(01.05.2017)

Reserve Bank of India (RBI) has clarified by its notification dated 25th April 2017 that bank branches cannot refuse to accept scribbled/coloured/fade.....

Tags : Reserve Bank of India, Scribbled, Coloured, Faded Bank Notes

Delhi HC: Employer Can’t Retain Performance Bank Guarantee After Acknowledging Due Performance(14.12.2022)

Delhi High Court has held that the employer cannot withhold the performance bank guarantee after acknowledgement of the due performance of the contrac.....

Tags : Delhi High Court, Performance Bank Guarantee, Counter Claims

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

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

Madhya Pradesh High Court Upholds Total Prohibition of Plastic Carry Bags in State(17.09.2018)

MP HC has dismissed writ petitions challenging the total prohibition brought vide Madhya Pradesh Jaiv Anaashya Apashishta (Niyantran) Sanshodhan Adhin.....

Tags : Madras High Court, Plastic Bags Ban

Delhi HC Asks Sikh Body to Clear Dues of School Staff(30.04.2019)

Delhi High Court has asked city’s Sikh Gurdwara Prabandhak Committee (SGPC) to take steps to clear unpaid dues of those employed in schools run by the.....

Tags : Delhi High Court, Sikh Gurdwara Prabandhak Committee (SGPC)

RBI Eases NBFC Loan Restructuring Norms(31.07.2015)

Reserve Bank of India (RBI) has permitted non-bank lenders to retain the 'standard asset' tag on a restructured loan for an extended period if an infr.....

Tags : Reserve Bank of India

CIVIL - Unnatural Sex, Excess Sexual Act of Husband Not Instigation for Wife's Suicide: Chhattisgarh HC(11.03.2019)

Chhattisgarh High Court, while discharging a man accused of instigating his wife's suicide, has observed that excess sexual acts by a husband and unna.....

Tags : Madhya Pradesh High Court, Unnatural Sex, Excess Sexual Act of Husband, Instigation for suicide,

Kerala High Court Bans Agitation on Campuses(27.02.2020)

Kerala High Court has banned all forms of agitation by students groups in schools and colleges that disrupt the functioning of educational institution.....

Tags : Kerala High Court, Ban of Agitation on Campuses

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

CIVIL - SC Refuses to Stay Merger of Vijaya, Dena Banks with Bank of Baroda(29.03.2019)

Supreme Court has refused to stay amalgamation of three public sector lenders Vijaya Bank, Dena Bank and Bank of Baroda and dismissed applications fil.....

Tags : Supreme Court, Vijaya Bank, Dena Bank

SC: Can’t Draw Adverse Inference Against Plaintiff for Merely Not Producing Bank Passbook(10.01.2023)

Supreme Court has held that adverse inference cannot be drawn against a plaintiff in a suit for specific performance for not producing his passbook un.....

Tags : Supreme Court, Inference, Bank Passbook, Specific Performance

RBI Cut Repo Rate by 50 bps(29.09.2015)

Reserve Bank of India (RBI) has cut its repo rate by 50 basis points to 6.75%, while keeping the Cash Reserve Ratio (CRR) unchanged at 4%. This was fo.....

Tags : Reserve Bank of India, Repo Rate

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

Calcutta High Court Directs Administration to Issue Protective Orders Retraining All Illegal Activiti(08.03.2021)

Calcutta High Court has directed the local administration to issue protective orders retraining all illegal activities in Sundarbans, observing that t.....

Tags : Calcutta High Court, Illegal Activities in the Sunderbans

NCLAT Stays NCLT’s Order Prohibiting Appointment of Ex- Bankers as Resolution Professional(21.01.2020)

National Company Law Appellate Tribunal has stayed National Company Law Tribunal’s Order which prohibited appointing a former bank official as indepen.....

Tags : National Company Law Appellate Tribunal, Appointment of Ex- Bankers

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

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

Bombay HC Directs Institute to Issue Certificate to Woman Without Husband’s Name(01.04.2019)

Bombay High Court has directed an institute in Parel to issue a 31-year-old doctor from Jalgaon her diploma certificate in dermatology and venereology.....

Tags : Bombay High Court, Certificate Without Husband's Name

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

Illegal Banquet Halls: NGT Directs Forfeiture of Performance Guarantee Submitted by Delhi Govt(12.07.2019)

National Green Tribunal (NGT) has directed forfeiture of performance guarantee of Rs 5 crore deposited by the Delhi Government, expressing dissatisfac.....

Tags : NGT, Illegal Banquet Halls

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

Madras High Court: Willfull Desertion of Husband Doesn't Disqualify Alimony to Wife(10.08.2015)

Madras High Court has held that in case a woman is not willing to live with her husband and desert him that does not disqualify her from getting maint.....

Tags : Madras High Court, Husband, Desertion, Alimony

Delhi HC: Employees and Officials Working in Banks Have Larger Responsibility of Ensuring Integrity(20.12.2021)

Delhi High Court has observed that the employees and officials working in banks have a larger responsibility of ensuring the integrity of the banking .....

Tags : Delhi High Court, Employees and Officials Working in Banks

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

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

Madras HC Disposes of Plea Filed by Plea Challenging Election Notice by REPCO Bank(04.02.2022)

Madras High Court has disposed of a batch of writ petitions filed by candidates challenging the election notice issued by the returning officer of Rep.....

Tags : Madras High Court, Election Notice by REPCO Bank

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

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

RBI: Retail Investors can Access G-Sec Market(29.07.2016)

Reserve Bank of India (RBI) has said that retail investors can access Government Securities (G-Sec) market, in a seamless manner from August 16.

Tags : Reserve Bank of India, G-Sec, retail investors

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

Government ban on crude palm oil imports through Kerala ports in public interest(21.08.2015)

The Supreme Court held that there existed “sufficient public good” in banning the import of crude palm oil through ports in Kerala. The government had.....

Tags : Import ban, validity, constitutionality, palm oil

Manager of Nationalized Bank Though a Public Servant Can't Claim Protection U/S 197 CrPC: SC(01.05.2019)

Supreme Court has observed that a public servant working in a nationalized bank cannot claim benefit of Sanction under Section 197 of the Criminal Pro.....

Tags : Supreme Court, Nationalized Bank, Section197 CrPC

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

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

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

Bombay High Court Criticises BJP City Chief Over Banner Appeals in Newspapers(14.08.2015)

Bombay High Court has criticised public appeal published by BJP City Chief Ashish Shelar to party workers not to put up illegal banners and hoardings .....

Tags : Bombay High Court,BJP City Chief Ashish Shelar,Banner Appeals in Newspapers

ITAT, Mumbai Denies Refund of Foreign Taxes Paid by Bank of India(12.03.2021)

Income Tax Appellate Tribunal (ITAT), Mumbai has denied in a recent order a refund in respect of foreign taxes aggregating to Rs 182.6 crore paid by B.....

Tags : Income Tax Appellate Tribunal, Bank of India

Barabanki District Court Acquits Former AMU Scholar Gulzar Wani in Sabarmati Express Blast Case(22.05.2017)

Barabanki District Court has acquitted two accused in Sabarmati Express Blast Case of 2000.

Tags : Barabanki District Court, Sabarmati Express Blast Case

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

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

Bombay HC Asks State Excise, PWD To Decide Whether SC’s Booze Ban Order is Applicable to Bars, Hotels(14.06.2017)

Bombay High Court has directed Secretary (Road) PWD and Commissioner for State Excise to decide whether certain bars, hotels and permit rooms are cove.....

Tags : Bombay High Court, highway liquor ban

Bombay HC: Liquor Ban for Long Period Violates Merchants' Right to Livelihood(30.01.2023)

Bombay High Court while reducing 4 day ban on liquor sale in various districts in Maharashtra due to MLC graduate constituencies elections to just the.....

Tags : Bombay High Court, Liquor Ban, Right to Livelihood

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

Synchronising financial accounting year with calendar year(19.07.2016)

Union Minister of Finance, Aurn Jaitley, stated that a Committee to examine the desirability and feasibility of changing the financial year has been c.....

Tags : financial year, calendar year, nationalised banks, merger

CIVIL - Crackers Should be Regulated, Not Banned: SC(13.03.2019)

Supreme Court has expressed concerns over rising unemployment in country and said that it is not in favour of a complete ban on crackers and instead s.....

Tags : Supreme Court, Cracker ban, Unemployment

Supreme Court Says 'No' to Pleas Seeking Stay on Conviction of IPS Officer in 2002 Bilkis Case(31.05.2017)

Supreme Court has refused to stay conviction of an IPS officer in sensational 2002 Bilkis Bano case.

Tags : Supreme Court, Bilkis Bano

NGT Isues Notices to Civic Agencies over Mahanadi Pollution(06.11.2015)

National Green Tribunal (NGT) has issued showcause notices to Subarnapur District Administration and Sonepur Town Municipality and Odisha Housing and .....

Tags : National Green Tribunal , Subarnapur District Administration , Sonepur Town Municipality , Odisha Housing and Urban Development Department

RBI Imposes Penalty on Equitas for Selling MF, Insurance Products Without Approval(09.03.2018)

Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on Equitas Small Finance Bank for distributing mutual fund (MF), insurance and wealth .....

Tags : Reserve Bank of India, Equitas Small Finance Bank

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

Calcutta High Court Rejects Anticipatory Bail Plea of Mamata Banerjee's Polling Agent Sheikh Sufiyan(30.11.2021)

Calcutta High Court has rejected the anticipatory bail plea moved by TMC leader Sheikh Sufiyan in the West Bengal post-poll violence case currently be.....

Tags : Calcutta High Court, Bail Plea of Mamata Banerjee's Polling Agent Sheikh Sufiyan

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

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

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.

Delhi High Court Stays Lower Court Proceedings Against Bank Executives(27.05.2019)

Delhi High Court has stayed the lower court proceedings against Punjab National Bank its former Managing Director & CEO Usha Ananthasubramanian and 11.....

Tags : Delhi High Court, Bank

Govt: Aadhaar Mandatory for Opening Bank Accounts, Transactions Over Rs. 50,000(19.06.2017)

Government, through a notification amending a prevention of money laundering law, has made it mandatory to provide Aadhaar to open a bank account and .....

Tags : Government, Bank Accounts

NGT Nods for Rafting on Ganga But Denies to Camping(11.12.2015)

National Green Tribunal (NGT) has upheld an order which it had passed in March, putting ban on beach camping near the Ganga from Kaudiyala to Rishikes.....

Tags : National Green Tribunal, ban on beach camping, Ganga, Rishikesh

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

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

Madras High Court Suspends Centre's Ban on Cattle Trade for Slaughter, Issues Show Cause Notice(31.05.2017)

Madras High Court has put on hold Centre's restrictions on sale and purchase of cattle for slaughter for four weeks and has asked it to respond within.....

Tags : Madras High Court, slaughter, slaughter ban

RBI Issues Gold Bonds Operational Guidelines(05.11.2015)

Reserve Bank has issued operational guidelines for Sovereign Gold Bonds, 2015-16 and mandated some operational procedures for Commercial banks and pos.....

Tags : Reserve Bank of India, Commercial banks , post offices, Gold Bonds Operational Guidelines

#Highway Booze Ban: Supreme Court Says 'No Need to Clarify Order'(11.08.2017)

Supreme Court has said that there was no need to further clarify its order on prohibiting liquor vends within 500 metre of National and State Highways.....

Tags : Supreme Court, Highway Booze Ban

Karnataka HC Stays Auction of Properties by Banks During 21-Day Lock Down Period(31.03.2020)

Karnataka High Court has stayed for three weeks the process of auction and e-auction of mortgaged properties, during the 21-day lock-down period, obse.....

Tags : Karnataka High Court, Auction of Properties by Banks

UK Court: Anil Ambani to Pay USD 100 Million in Conditional Order for Chinese Banks(10.02.2020)

UK Court has directed Reliance Group chairman Anil Ambani to pay USD 100 million within six weeks towards a conditional order granted to three Chinese.....

Tags : UK Court, Anil Ambani

Bank Employee Working in its Legal Branch Ineligible to Become Judge: Gujarat HC(30.04.2019)

Gujarat High Court has dismissed a plea of a 'banker' who aspired to become a judicial officer and observed that a bank employee, could not be treated.....

Tags : Gujarat High Court, Bank Employee, Judge

Reserve Bank of India Eases Norms for No-Frills Accounts(11.06.2019)

Reserve Bank of India has eased the norms for the Basic Savings Bank Deposit (BSBD) accounts popularly known as no-frills accounts by allowing banks t.....

Tags : Reserve Bank of India, No-Frills Accounts

Extension of last date to receive comments on TRAI's Consultation Paper on Data Speed under Wireless Broadband Plans dated 1st June, 2017(28.06.2017)

Telecom Regulatory Authority of India (TRAI) had invited comments of stakeholders on Consultation Paper on Data Speed under Wireless Broadband Plans d.....

Tags : Extension, date, Data Speed, Broadband Plans

#Economic Survey 2021-2022: Impact of Pandemic on Banking System(31.01.2022)

The banking system is well capitalized and the overhang of Non-Performing Assets seem to have structurally declined.

Tags : Economic Survey, Banking System

SC: SARFAESI Act Applicable to Cooperative Banks(06.05.2020)

Supreme Court has held that the co-operative banks under the State legislation and multi-State co-operative banks are 'banks' under Section 2(1)(c) of.....

Tags : Supreme Court, Cooperative Banks

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

Kerala High Court Calls for Ban on Nokkukooli, Calls It Illegal & Unconstitutional(21.12.2021)

Kerala High Court has pronounced an elaborate judgment observing that the practice of demanding gawking charges, often referred to as nokkukooli in Ma.....

Tags : Kerala High Court, Ban on Nokkukooli

Delhi HC Directs SBI to Open FCRA Accounts of NGOs Within 10 Days of Receiving Centre's Approval(24.05.2021)

Delhi High Court has directed the State Bank of India (SBI) to ensure that applications for opening the Foreign Contribution (Regulation) Act, 2010 (F.....

Tags : Delhi High Court, State Bank of India, FCRA Accounts

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

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

Manager of Nationalized Bank Though a Public Servant Can't Claim Protection U/S 197 CrPC: SC(01.05.2019)

Supreme Court has observed that a public servant working in a nationalized bank cannot claim benefit of Sanction under Section 197 of the Criminal Pro.....

Tags : Supreme Court, Nationalized Bank, Section197 CrPC

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

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

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

CBDT: Rs 2 Lakh Cash Ban Shall Not Apply on One Installment for Loan for NBFCs(06.07.2017)

Central Board of Direct Taxes (CBDT) has clarified that prohibition on cash transactions upto Rupees 2 lakhs under section 269ST of Income Tax Act doe.....

Tags : Central Board of Direct Taxes, Cash Ban

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

Cabinet approves MoU between Export-Import Bank of India (Exim Bank) on General Cooperation with the New Development Bank (NDB), along with other Development Financial Institutions of BRICS nations(13.10.2016)

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU.....

Tags : Approval, Exim Bank, Co-operation

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

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

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

Supreme Court Dismisses Appeals of 4 cops, 2 doctors in Bilkis Bano Case(11.07.2017)

Supreme Court has dismissed appeals of two doctors and four policemen including an IPS officer challenging their conviction by Bombay High Court in th.....

Tags : Supreme Court, Bilkis Bano Case

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

System for reporting banks’ associations discontinued(30.06.2016)

The Reserve Bank of India discontinued the Quarterly Reporting System - foreign branches/subsidiaries/joint ventures/associates of Indian Banks , with.....

Tags : quarterly reporting system, foreign branches, associations, indian banks

Reserve Bank of India to Lift All Charges on Fund Transfers via RTGS and NEFT from July 1(12.06.2019)

Reserve Bank of India has said that it will lift all charges on fund transfer through popular RTGS and NEFT systems from July 1, 2019 and asked banks .....

Tags : Reserve Bank of India, NEFT, RTGS

NCLT: Proceedings u/s 138 NI Act Have Nothing To Do With Insolvency Application Under I&B Code(28.07.2017)

National Company Law Tribunal has ruled that disclosure of fact of initiation of proceedings u/s 138 of Negotiable Instruments Act in not necessary wh.....

Tags : National Company Law Tribunal, Insolvency and Bankruptcy Code

Reserve Bank of India imposes monetary penalty on South Indian Bank Limited(19.06.2019)

The Reserve Bank of India (RBI) has imposed, by order dated June 13, 2019, monetary penalty of Rs.1 million on South Indian Bank Limited (the bank) fo.....

Tags : Monetary penalty, Imposition, South Indian Bank Limited

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

Supreme Court Acquits Man for Allegedly Abandoning Lady of SC-ST Community(15.04.2022)

Supreme Court has acquitted a man who had allegedly abandoned a lady belonging to SC-ST Community with whom he was living together. The Court has obse.....

Tags : Supreme Court, Abandoning Lady of SC-ST Community

ITAT, Bangalore: No Rationale in Making Additions to Income on Violation of RBI Notifications(11.04.2022)

Income Tax Appellate Tribunal, Bangalore has observed that there is no rationale in the action of the Assessing Officer of making additions to income .....

Tags : Income Tax Appellate Tribunal, rationale, Assessing Officer, assesse, Section 68 of the Income Tax Act, 1961, Reserve Bank of India

IBC Will Override Provisions of Other Enactments Inconsistent With It : Supreme Court(16.08.2018)

Supreme Court has observed that Insolvency and Bankruptcy Code (IBC) will override anything inconsistent contained in any other enactment, including t.....

Tags : Supreme Court, Insolvency, Bankruptcy

SC Notices RBI, FM Over Plea For Exchange of Old Notes Found in Dead Parents’ Bank Locker(24.07.2017)

Supreme Court has issued notice to RBI and Finance Ministry on a fresh plea seeking permission to deposit Rs 60 lakh in old notes which were lying in .....

Tags : Supreme Court, Demonetised Notes, Reserve Bank of India

RBI Notifies Rates for Small Saving Schemes for Q2(08.07.2016)

Reserve Bank of India (RBI) has notified the interest rates for different small savings schemes for the quarter ending September. The interest rates h.....

Tags : Reserve Bank of India, RBI, small savings schemes

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

Enforcement action in respect of statutory auditors of commercial banks(03.06.2019)

RBI vide its Press Release dated June 29, 2018 had put in place an enforcement action framework in respect of statutory auditors for the lapses in the.....

Tags : Statutory auditors, Commercial banks, Enforcement action

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

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

RBI Issues Operating Guidelines for Small Finance Banks and Payments Banks(07.10.2016)

Reserve Bank of India (RBI) has allowed payments banks and small finance banks to use digital banking to open bank accounts while streamlining their r.....

Tags : Reserve Bank of India, finance banks, payments banks, Guidelines

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

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

RBI Stop to Barter Trade on Indo-Myanmar Border(06.11.2015)

Reserve Bank of India (RBI) has decided to officially stop barter system, which is trading of goods without exchange of money, at Indo-Myanmar border......

Tags : Reserve Bank of India , Barter Trade , Indo-Myanmar Border

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

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

NCLAT: Resolution Professional Can Submit An Additional Report Under Section 99 I&B Code(29.04.2022)

National Company Law Appellate Tribunal has observed that the Resolution Professional can submit an additional report under Section 99 of the Insolven.....

Tags : National Company Law Appellate Tribunal, Section 99, Insolvency & Bankruptcy Code, 2016

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

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

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

NCLT, Kolkata: IRP Against Legal Heirs of Personal Guarantor by Financial Creditor Not Permissible(11.04.2022)

National Company Law Tribunal, Kolkata has held that the application is not maintainable against legal heirs of the Personal Guarantor under the Insol.....

Tags : National Company Law Tribunal, Financial Creditor, Personal Guarantor, Bank of Baroda

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

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

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

JKL HC: No Fresh Construction Activities in Sonamarg(30.03.2023)

Jammu and Kashmir and Ladakh High Court while noting that its earlier clarification order with respect to renovation and repairs was being misconstrue.....

Tags : Jammu and Kashmir and Ladakh High Court, Sonamarg, Blanket Ban, Construction

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

Risk Management and Inter-bank Dealings - Hedging of Foreign Exchange Risk-Date of Implementation(18.05.2020)

1. A reference is invited to the Directions on Hedging of Foreign Exchange Risk issued vide A.P. (DIR Series) Circular No. 29 dated April 7, 2020. The.....

Tags : Risk Management, Inter-bank Dealings, Directions

Disclosure of bank’s business dissuades “window-dressing”, in public interest(28.06.2016)

“Any action that results in dissuading commercial entities from indulging in practices such as window-dressing would be in larger public interest”, th.....

Tags : rti, exemption, bank, business mix, public interest

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

Bombay High Court Acquits Husband and Inlaws of Deceased Wife(15.04.2021)

Bombay High Court has acquitted husband and in laws of a deceased wife who committed suicide within two months of marriage after observing that just b.....

Tags : Bombay High Court, Husband and Inlaws of Deceased Wife

#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

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

Reserve Bank of India Allows Kotak Bank to Retain 26% Promoter Stake(31.01.2020)

Reserve Bank of India has allowed Kotak Mahindra Bank’s founder Uday Kotak to retain 26 % promoter stake in a dispute over the bank’s promoter shareho.....

Tags : Reserve Bank of India, Kotak Mahindra Bank, Promoters Shareholding

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

Calcutta HC asks Govt. to Ensure Normalcy during Bandh(28.09.2016)

Calcutta HC has directed State Government to ensure that normal life is not disrupted during the bandh.

Tags : Calcutta HC , Bandh

RBI signs MoU on "Supervisory Cooperation and Exchange of Supervisory Information" with the Central Bank of UAE(19.10.2015)

Reserve Bank of India signed a Memorandum of Understanding with the Central Bank of UAE. The agreement is hoped to increase supervisory co-operation b.....

Tags : Rbi, central bank, uae, cooperation

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

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

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

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

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

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

RBI Permits Cooperative Banks to Offer Internet Banking Services(06.11.2015)

RBI has allowed all cooperative banks to offer Internet banking services to their customers and said that any Urban Cooperative Bank, State Cooperativ.....

Tags : RBI , Cooperative Banks , Internet Banking Services

NCLAT: Territorial Jurisdiction Cannot be Taken Away by Agreement Between Parties(28.04.2022)

National Company Law Appellate Tribunal has observed that the territorial jurisdiction of NCLT to decide a case under the Insolvency and Bankruptcy Co.....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, territorial jurisdiction

Revised Guidelines for the Financial Inclusion Fund(15.10.2015)

In light of the merging of the Financial Inclusion Fund and the Financial Inclusion Technology Fund to form the FIF as it exists today, the Reserve Ba.....

Tags : Bank, financial inclusion guidelines, fund

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

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

Extension of last date to receive comments on TRAI's Consultation Paper on Data Speed under Wireless Broadband Plans dated 1st June, 2017(20.07.2017)

Telecom Regulatory Authority of India (TRAI) had invited comments of stakeholders on Consultation Paper on Data Speed under Wireless Broadband Plans d.....

Tags : Date, Extension, Consultation Paper, Data Speed, Broadband Plans

RBI Sets Rupee Reference Rate against US Dollar and Euro(08.07.2016)

Reserve Bank of India (RBI) has fixed reference rate of the rupee at 67.4972 against the US dollar and 74.8274 for the euro.

Tags : Reserve Bank of India, RBI, reference rate

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

Delhi High Court Observes that Delhi Fall in Seismic Zone 4, Concerns Disaster(29.10.2015)

Delhi HC while taking note of earthquake, has observed that Delhi fell in Seismic Zone 4, has asked Ministry of Urban Development to explain why it ha.....

Tags : Delhi HC, Centre, Delhi Govt. Ministry of Urban Development

Centre Totally Bans Non-Medical Use of Liquid Oxygen(26.04.2021)

Union Ministry of Home Affairs has imposed a total ban on the use of liquid oxygen for non-medical purposes in view of the acute shortage of medical o.....

Tags : Union Ministry of Home Affairs, Ban on Non-Medical Use of Liquid Oxygen

NCLT, Bengaluru Dismisses Insolvency Petition Against Café Coffee Day(07.04.2022)

National Company Law Tribunal, Bengaluru has dismissed the insolvency petition filed against the parent company of Cafe Coffee Day namely Coffee Day G.....

Tags : National Company Law Tribunal, parent company, Cafe Coffee Day, Coffee Day Global Limited, Cooperative Rabobank U.A

Allahabad High Court Refuses to Give Custody of Minor Husband to Wife(17.06.2021)

Allahabad High Court has refused to give custody of a minor 'husband' to his 'wife', noting that if a minor boy would be placed under the custody of h.....

Tags : Allahabad High Court, Custody of Minor Husband

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

NCLAT Widens Definition of “Dispute” to Resist an Action for Insolvency Under Bankruptcy Code(29.06.2017)

NCLAT has widened definition of 'dispute' u/s 8,9 of Insolvency and Bankruptcy Code to include, apart from existing suits and arbitrations, any other .....

Tags : NCLAT, Insolvency and Bankruptcy Code

Revised directions for acquisition of shares and voting rights in private banks(19.11.2015)

The Reserve Bank of India issued revised guidelines requiring prior approval for acquiring share or voting rights in private sector banks. Two amendme.....

Tags : Private bank, voting rights, acquisition, fit and proper

SC Stays Patna High Court Order Quashing Liquor Ban in Bihar(07.10.2016)

Supreme Court has stayed Patna High Court order quashing the notification banning consumption and sale of liquor in the state.

Tags : Supreme Court, Patna High Court, liquor ban

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

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

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

Ker HC: Unilateral Action of Bank of Withholding Title Document After Loan is Repaid is Illegal(20.03.2023)

Kerala High Court has held that merely because the property was transferred by the petitioner during the subsistence of the mortgage, Bank is not enti.....

Tags : Kerala High Court, Bank, Loan, Security Documents

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

SC: Practice of Seeking Pre-Deposit of Bank Guarantee for Grant of Bail is Unsustainable(26.04.2023)

Supreme Court has held that the practice whereby pre-condition of furnishing bank guarantee is imposed on the accused by the Trial Court and the High .....

Tags : Supreme Court, Bank Guarantee, Bail, Unsustainable

RBI: 90-Day NPA Norm Shall Exclude Moratorium Period for Standard Accounts as on March 1(17.04.2020)

Reserve Bank of India has announced that the moratorium permitted by it on 27th March, 2020 due to COVID-19 situation can be excluded from the 90-day .....

Tags : Reserve Bank of India, Moratorium Period for Standard Accounts

Bombay High Court Raps Animal Husbandry Department Over ‘poor quality food’(26.07.2018)

Bombay High Court while observing that it is only concerned with the ‘quality’ of food being served to the public, the Bombay High Court has rapped th.....

Tags : Bombay High Court, Animal Husbandry

Insolvency and Bankruptcy Bill, 2015(09.11.2015)

The Ministry of Finance has placed the draft Insolvency and Bankruptcy Bill, 2015 on its website and is receiving comments on it till 19 November 2015.....

Tags : Bankruptcy, insolvency, draft, bill, 2015, report

Health Ministry permits transfer of blood between Blood Banks(19.10.2015)

To utilise its blood banks better and reduce scarcity, the Ministry of Health and Family Welfare has permitted transfer of blood from one bank to anot.....

Tags : Health, blood, bank, transfer, plasma

Bombay HC Denies to Take Petitions Challenging Beef Ban in State(17.11.2015)

Bombay High Court has denied to hear petitions challenging constitutional validity of beef ban legislation in Maharashtra after one of the judges recu.....

Tags : Bombay High Court, beef ban

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

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

Bom. HC: Public Sector Banks Not Empowered to Issue Look Out Circulars Against Loan Defaulters(27.04.2024)

Bombay High Court has observed that Public Sector Banks are not authorized to issue look out circulars against loan defaulters. The power exercised by.....

Tags : Bombay High Court, Public Sector Banks, Look Out Circulars, Article 14 of COI, Article 21 of COI

NCLAT Rules 'Dispute' As Defined in IBC is Illustrative and Not Exhaustive(25.05.2017)

National Company Law Appellate Tribunal has held that the term “dispute” as defined in Insolvency and Bankruptcy Code (S. 9) is illustrative and not e.....

Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code

RBI Allows NRIs to Investment in National Pension Schemes(30.10.2015)

Reserve Bank of India (RBI) has allowed Non-Resident Indians (NRIs) to subscribe to pension scheme, which is governed, administered by Pension Fund Re.....

Tags : Reserve Bank of India, Non-Resident Indians, National Pension Schemes

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

Deepak Singhal Takes Over as RBI Executive Director(04.11.2015)

Deepak Singhal has taken over as new Executive Director at the Reserve Bank of India (RBI).

Tags : Reserve Bank of India

SC: Before Classifying A/Cs as Fraud, Banks Must Give Borrowers Opportunity of Hearing(27.03.2023)

Supreme Court has held that principles of audi alteram partem, howsoever short, have to be applied before declaring a party as 'a fraudulent borrower'.....

Tags : Supreme Court, Audi Alteram Partem, Fraud, Bank

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

RBI Issues Revised Guidelines for FIF(16.10.2015)

Reserve Bank of India (RBI) has issued revised guidelines for scope of activities and objectives of its Financial Inclusion Fund (FIF). The corpus of .....

Tags : Reserve Bank of India, FIF

Cancellation of banking licence of Adoor Co-operative Urban Bank Ltd., Adoor, Kerala(25.04.2023)

Reserve Bank of India (RBI) is satisfied to notify The Adoor Co-operative Urban Bank Ltd., Adoor, Kerala as a non-banking Institution under Section 36.....

Tags : Banking licence, Cancellation, Notification

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

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

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

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

Supreme Court Defers Hearing on Liquor Ban Till Summer Recess(14.04.2017)

Supreme Court has said that it would hear after vacations a matter challenging decision to denotify highways to overcome liquor ban.

Tags : Supreme Court, Liquor Ban

Madras HC: Banks Cannot Attach Savings Account Opened for Depositing Pension to Recover Loan(03.12.2015)

Madras High Court has held that Savings Bank Account maintained primarily for purpose of depositing monthly pension amount could not be attached by a .....

Tags : Madras High Court , Savings Bank Account

NCLT Orders Insolvency Proceedings Against Karur KCP Packkagings(30.04.2019)

National Company Law Tribunal (NCLT) has ordered insolvency process against Tamil Nadu-based publicly-listed packaging company Karur KCP Packkagings o.....

Tags : NCLT, KCP Packkagings, Karur Vysya Bank

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

Bombay HC: Contraband Found During Income Tax Search Does Not Amount to Seizure(25.05.2020)

Bombay High Court has held that when officers stumble upon a contraband during an income tax raid, it does not amount to 'seizure' under the Narcotics.....

Tags : Bombay High Court, Contraband Found During Income Tax Raid

Highway Booze Ban: SC Refuses to Stay Denotification of Highways in Punjab(04.07.2017)

Supreme Court has declined to stay Punjab government’s recent declassification of state highways saying 'driving within city is different from outside.....

Tags : Highway Liquor Ban, Supreme Court

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

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

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

NGT Puts Ban on Plastic from Gomukh to Haridwar(11.12.2015)

National Green Tribunal (NGT) while imposing a penalty of Rs. 5,000 per day on erring hotels, dharamshalas and ashrams spewing waste into Ganga, has d.....

Tags : National Green Tribunal, ban on use of plastic , Ganga

BANKING - Bombay HC Refuses Interim Relief to Kotak Mahindra Bank on Promoter Stake Issue(13.03.2019)

Bombay High Court has refused to grant any interim relief to Kotak Mahindra Bank on Reserve Bank of India’s direction to dilute promoter shareholding .....

Tags : Bombay High Court, Kotak Mahindra Bank, Reserve Bank of India

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

Bombay High Court Rejects Plea to Let Bars, Permit Rooms Reopen After Highway Booze Ban(01.06.2017)

Bombay High Court has refused to allow more than a dozen hotels and permit rooms that had been sealed after Supreme Court’s ban on sale of liquor with.....

Tags : Bombay High Court, Highway Booze Ban

RBI Includes Bandhan Bank in Second Schedule List(06.11.2015)

Reserve Bank of India (RBI) has said that Bandhan Bank is now included in the second schedule list, making it eligible for loans from the central bank.....

Tags : Reserve Bank of India , Bandhan Bank

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

Delhi High Court: Bank Guarantee Can Be Stopped Only on Fraud(16.11.2015)

Delhi High Court has held that invocation of a bank guarantee can be stopped only if it is proved that there was fraud or irretrievable injury or inju.....

Tags : Delhi High Court , Bank Guarantee

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

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

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

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

NCLT Directs Bandhan Bank to Seek Shareholders’ Nod(24.06.2019)

National Company Law Tribunal (NCLT) has directed Bandhan Bank to convene a meeting of its equity shareholders to approve the proposed merger with Gr.....

Tags : NCLT, Bandhan Bank

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

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

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

Government of India and World Bank signs $500 Million Additional Financing for Pradhan Mantri Gram Sadak Yojana Rural Roads Project(31.05.2018)

The Government of India and the World Bank today signed a $500 million loan agreement to provide additional financing for the Pradhan Mantri Gram Sada.....

Tags : Roads Project, Financing, World Bank

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

Supreme Court Rejects Plea for Nationwide Liquor Ban(30.09.2016)

Supreme Court has dismissed Bharatiya Janata Party leader Ashwani Upadhaya’s plea, seeking a complete ban on liquor across the nation.

Tags : Supreme Court, Liquor Ban

Delhi HC Allows RBI to Intervene in Tata-NTT Docomo Case(06.10.2016)

Delhi HC has allowed the Reserve Bank of India (RBI) to file an intervention application in the enforcement proceedings initiated by NTT Docomo to rea.....

Tags : Delhi HC, Reserve Bank of India, Tata-NTT Docomo

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

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

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

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

ITAT, Bangalore: Income of Minor Beneficiaries Can be Clubbed to Income of Parents(19.06.2017)

ITAT, Bangalore has held that income of minor beneficiaries can be clubbed to income of parents under section 64(1)(a) of Income Tax Act, 1961.

Tags : ITAT, Bangalore, Minor, Income

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

BANKING - SC Stays Bombay HC Order Directing Federal Bank to Pay Rs. 4 cr to Harshad Mehta's Wife(12.03.2019)

Supreme Court has stayed order of Bombay High Court that directed Federal Bank to pay Rs. 4 crore with 18 per cent interest from 1992 to the wife of l.....

Tags : Supreme Court, Federal Bank, Harshad Mehta

Kerala HC Notices Union Over Plea Challenging Ban on Sale of Cattle For Slaughter(30.05.2017)

Kerala High Court has asked Central Government to respond to petitions challenging ban on sale of cattle for slaughter.

Tags : Kerala High Court, Beef Ban

Delhi High Court Admits PIL Against Cigarette Sale, Smoking on its Premises(04.11.2015)

Delhi High Court has admitted a PIL seeking ban on smoking in court complex and removal of all shops selling tobacco and cigarette there citing its il.....

Tags : Delhi High Court, ban on smoking

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

Supreme Court: Insolvency and Bankruptcy Code Prevails Over State Laws(04.09.2017)

Supreme Court has ruled that the Insolvency and Bankruptcy Code, 2016 (Code), being a central statute, will prevail over the state laws that are repug.....

Tags : Supreme Court, Insolvency and Bankruptcy Code

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

Internet Banking Facility for Customers of Cooperative Banks(05.11.2015)

The Reserve Bank of India has allowed State Cooperative Banks and District Central Cooperative Banks to provide Internet Banking facilities to their c.....

Tags : Internet banking, cooperative, guidelines

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

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

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

Reserve Bank of India imposes monetary penalty on Federal Bank Limited(03.10.2018)

The Reserve Bank of India (RBI) has imposed, by an order dated September 25, 2018, a monetary penalty of Rs. 50 million on Federal Bank Limited (the b.....

Tags : Penalty, Federal bank, Imposition

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

Hyderabad High Court Serves Notice to Union Minister YS Chowdary(03.11.2015)

Hyderabad High Court has issued notice to Union Minister YS Chowdary and others in a contempt petition filed by the Mauritius Commercial Bank.

Tags : Hyderabad High Court, Union Minister YS Chowdary , Mauritius Commercial Bank

UAPA Tribunal Upholds Ban PFI And its Affiliates(22.03.2023)

UAPA Tribunal has upheld the ban imposed by the Central Government on the Popular Front of India (PFI) and its affiliated organisations.

Tags : UAPA Tribunal, Ban, PFI

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

IBBI Exempts Lockdown Period from Time Line of Activity in Relation to Liquidation Process(20.04.2020)

Insolvency and Bankruptcy Board of India has stated that the period of lockdown imposed by the Central Government shall not be counted for the purpose.....

Tags : Insolvency and Bankruptcy Board of India, Time Line of Liquidation Process

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

Delhi HC Upholds Validity of Notifications Banning Manufacture & Sale of Chewing Tobacco Products(11.04.2023)

Delhi High Court while upholding notification of State banning manufacture & sale of chewing tobacco products and observed that though scheduled produ.....

Tags : Delhi High Court, COTPA, Notifications, Ban, Chewing Tobacco

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

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

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

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

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

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

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.

RBI extends validity of the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh(07.09.2016)

The Reserve Bank of India (RBI) has extended the Directions issued to the Indian Mercantile Co-operative Bank Ltd., Lucknow for a further period of si.....

Tags : Extension, Direction, Mercantile Co-operative Bank

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

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

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

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

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

SC: Once Area Urbanized Under Del. Municipal Corporation Act, Del. Land Reforms Act Not Applicable(16.03.2023)

Supreme Court has held that once rural area is urbanized by issuance of notification under Section 507(a) of Delhi Municipal Corporation Act, 1957, th.....

Tags : Supreme Court, Rural Area, Urbanized

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

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

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

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

RBI releases Discussion Paper on 'Governance in Commercial Banks in India'(11.06.2020)

1. The Reserve Bank of India today released on its website a Discussion Paper on 'Governance in Commercial Banks in India' for public comments.

Tags : Discussion Paper, Governance, Commercial Banks

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

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

MP HC: Police Officers Have to Follow Direction of Joining Music Band Practice(02.08.2024)

Madhya Pradesh High Court while hearing a matter where police constables were suspended for refusing to join Police Department's music band, has asked.....

Tags : MP High Court, Music Band Practice, Police Officers

RBI Says No Deadline for Resolving Complaints under Banking Ombudsman Scheme(23.12.2015)

Reserve Bank of India (RBI) has said that there is no time limit for resolution of complaints under Banking Ombudsman scheme, aimed at seeking redress.....

Tags : Reserve Bank of India, Ombudsman scheme

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

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

'Child Witness Prone to Tutoring': Calcutta HC Acquits Man Convicted for Murdering His Wife(25.05.2022)

Calcutta High Court has set aside the order convicting husband for the murder of his wife on the ground that the child witness being of extremely tend.....

Tags : Calcutta High Court, Murder, Husband, Child Witness

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

TRAI releases revised Standards of Quality of Service for Access and Broadband Services(02.08.2024)

Telecom Regulatory Authority of India (TRAI) releases revised Regulations namely 'The Standards of Quality of Service of Access (Wirelines and Wireles.....

Tags : Revised Standards, Quality, Broadband Services

Trend and Progress of Banking in India 2014-15 and Financial Stability Report December 2015(23.12.2015)

The Reserve Bank of India released its Report .....

Tags : Banking, indicators, 2015, december

Allahabad HC Directs on Woman’s Representation on Husband’s Blindness Due to Vaccine(30.06.2021)

Allahabad High Court has directed District Magistrate, Budaun to decide on a woman's representation in writ petition seeking direction to respondents .....

Tags : Allahabad High Court, Woman’s Representation on Husband’s Blindness Due to Vaccine

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

RBI permits internet banking in regional rural banks(19.11.2015)

The Reserve Bank of India permitted Regional Rural Banks to provide internet banking facilities to their customers, provided they have implemented the.....

Tags : Regional, rural bank, internet banking

NGT Directs Pollution Control Boards to Curb Pollution in Pali River(13.10.2016)

National Green Tribunal (NGT) has asked Central Pollution Control Board and Rajasthan State Pollution Control Board to take preventive and effective s.....

Tags : National Green Tribunal, NGT, Nehda Dam, Bandi River

Karnataka HC: Illegal to Impose Condition of Furnishing Bank Guarantee While Granting Bail(12.07.2024)

Karnataka High Court while hearing an application on modification of bail condition, has restated that it is illegal to impose a bail condition on the.....

Tags : Karnataka High Court, Bail Condition, Bank Guarantee

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

NGT Bans Use of Music Systems in Sunderbans(23.11.2016)

National Green Tribunal (NGT) has banned use of music systems by tourists in Sunderbans.

Tags : National Green Tribunal, Sunderbans, music systems

Madras High Court Asks AIADMK to Remove Illegal MGR Banners from Chennai(01.10.2018)

Madras High Court has directed removal of all unauthorised banners erected across the city in connection with the valedictory function of the centenar.....

Tags : Madras High Court, MGR Banners

Bombay HC: No Bar on Court Exercising Jurisdiction Even When Application U/S 7 of IBC is Filed(27.04.2022)

Bombay High Court has ruled that since application under Section 7 of the Insolvency and Bankruptcy Code, 2016 is filed, which is pending for consider.....

Tags : Bombay High Court, Section 7, Insolvency and Bankruptcy Code, 2016, Section 11, Arbitration and Conciliation Act, 1996

RBI: No Relaxation in CRR, SLR Norms(19.10.2015)

Reserve Bank of India (RBI) has junked the plea of entities that have secured licences to set up small finance banks that they be given some leeway in.....

Tags : Reserve Bank of India, small finance banks

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

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

NCLT, Chennai: No Conflict Among Prohibition of Benami Property Transaction Act and IBC, 2016(06.05.2022)

National Company Law Tribunal, Chennai has ruled that there is no conflict between the Prohibition of Benami Property Transaction Act, 1988 and the In.....

Tags : National Company Law Tribunal, Prohibition of Benami Property Transaction Act, 1988, Insolvency and Bankruptcy Code, 2016, attachment of property

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

Payments Bank and Small Finance Banks- access to Call/Notice/Term Money Market(29.10.2018)

1. A reference is invited to Master Direction No.2/2016-17, dated July 7, 2016 on Money Market Instruments. A reference is also invited to the Guideli.....

Tags : Payments Bank, Small Finance Banks, Access

Delhi HC Orders Removal of Construction Around 300 Year Old Banyan Tree(10.08.2020)

Delhi High Court has ordered removal of construction and concrete around a 300 year old tree in Chandni Chowk, as a step to protect the Banyan Tree.

Tags : Delhi High Court, Banyan Tree

Issuance of Rs. 500 bank notes without inset letter, in the Mahatma Gandhi (New Series)(08.12.2016)

The Reserve Bank of India will shortly issue Rs. 500 denomination banknotes in the Mahatma Gandhi (New) Series, without any inset letter, bearing sign.....

Tags : Bank notes, Issuance, Inset Letter

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

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

India Signs Loan Agreement with World Bank for US$ 119 Million for "Odisha Higher Education Programme for Excellence and Equity (OHEPEE) Project(07.11.2017)

A Financing Agreement for IBRD loan of US$ 119 million (equivalent) for the "Odisha Higher Education Programme for Excellence & Equity (OHEPEE) Projec.....

Tags : Loan Agreement, World Bank, Signing of

Autonomy for Central Bank, within the Framework of the RBI Act, Is an Essential and Accepted Governance Requirement: Says Government(31.10.2018)

The autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance requirement. Governments in India have.....

Tags : Autonomy, Central Bank, Governance

Reserve Bank of India Keeps Lending Rate Unchanged in the Bi-Monthly Monetary Policy(06.08.2020)

Reserve Bank of India has come out with the Bi-Monthly Monetary Policy whereby the key lending rate has remained unchanged. The Committee has kept rep.....

Tags : Reserve Bank of India, Bi-Monthly Monetary Policy

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

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

SC: Anti-Graft Act Covers All Pvt. Bank Staff Too(24.02.2016)

SC, in a move to expand scope of the Prevention of Corruption Act, has brought all private bank employees within the ambit of the anti-graft law, whic.....

Tags : SC, anti-graft law, Pvt. Bank

#Major Changes Implementing From Today: RBI’s New Credit and Debit Card Rules(01.10.2020)

Reserve Bank of India (RBI) has issued new guidelines which will become effective from 1st October, 2020 to secure debit and credit cards, whereby car.....

Tags : Reserve Bank of India, Credit and Debit Card Rules

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

NGT Forms Committee to Check Pollution in Delhi During Functions at Banquets, Hotels(14.11.2018)

National Green Tribunal has formed a committee to stop activities that lead to degradation of the environment due to functions at banquet halls, farmh.....

Tags : NGT, Banquets

Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh 'struck off' companies(05.09.2017)

Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 compan.....

Tags : Bank accounts, Companies, 'Struck off'

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

Madras HC: Asian Paints to Furnish Bank Guarantee for GST Department to Release Detained Goods(02.05.2022)

Madras High Court has directed the Goods and Services Tax department to discharge the detained goods on furnishing of the bank guarantee by Asian Pain.....

Tags : Madras High Court, Goods and Services Tax, bank guarantee, Asian Paints

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

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

Kerala High Court: Don’t Misconstrue Court Order On Highway Liquor Ban(18.08.2017)

Kerala High Court has held that with regard to prohibition of liquor outlets near national highways, relevant distance is to be measured from outer ed.....

Tags : Kerala High Court, Highway Liquor Ban

Delhi HC to State: Ensure Strict Compliance of Orders Banning Sale of Chinese Manjha for Kite Flying(10.08.2022)

Delhi High Court has directed the Delhi Government to ensure strict compliance of the orders passed by it as well as the National Green Tribunal (NGT).....

Tags : Delhi High Court, Chinese Manjha, Kite Flying, Ban

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

Rajasthan High Court: Seizure Memo Needs to be Prepared at Spot of Recovery(18.07.2024)

Raj. HC has held that seizure officer should prepare seizure memo at the place of recovery of contraband material as prescribed under the Standing Ins.....

Tags : Rajasthan High Court, Seizure Memo, Contraband Material

Supreme Court Seeks Centre’s, CBI’s Response over B. K. Bansal Suicide Case(22.11.2016)

Supreme Court has sought response from Government and Central Bureau of Investigation (CBI) on a plea to constitute a Special Investigation Team (SIT).....

Tags : Supreme Court, B.K. Bansal, suicide, CBI

Calcutta HC Dismisses Challenge to ECI Decision to Prioritize Bye-Elections of Bhabanipur Assembly(28.09.2021)

Calcutta High Court has dismissed a challenge made to the decision of the Election Commission of India (ECI) to prioritize the bye-elections of Bhaban.....

Tags : Calcutta High Court , Bhabanipur Assembly Constituency

RBI dispels rumour on non-acceptance of scribbled-on currency(14.12.2015)

The Reserve Bank of India issued a clarificatory statement to dispel rumours in social media that banks will not accept currency notes which have been.....

Tags : Bank note, scribble, tender, rumour

Calcutta HC Allows Applications Filed by WB Govt, CM Mamata Banerjee for Accepting Affidavits(30.06.2021)

Calcutta High Court has allowed the applications filed by State of West Bengal, Chief Minister Mamata Banerjee, and the State Law Minister Moloy Ghata.....

Tags : Calcutta High Court, Applications Filed by WB Govt, CM Mamata Banerjee

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

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

RBI Permits Banks to Offer More Services Via Offsite ATMs(15.01.2016)

Reserve Bank of India (RBI) has said that banks are now free to offer all their products and services through the ATM channels provided technology per.....

Tags : Reserve Bank of India, ATM

Delhi HC: Pendency of Insolvency Petition Is Not Bar to Appointment of Arbitrator(16.05.2022)

Delhi High Court has observed that the mere pendency of an insolvency petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 is not a ba.....

Tags : Delhi High Court, Section 9, Insolvency and Bankruptcy Code, 2016, Arbitrator

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

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

Delhi HC Refuses to Take Plea for Law to Ban Cow Slaughter(21.12.2015)

Delhi High Court has refused to entertain a petition seeking enactment of a law prohibiting slaughter of cows, saying that issue is beyond the domain .....

Tags : Delhi High Court, Law to Ban Cow Slaughter

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

Pay IT dues in advance at RBI or authorised bank branches(15.02.2016)

The Reserve Bank of India has authorized twenty nine agency banks to accept payments of income tax. The move hopes to reduce the heavy rush for remitt.....

Tags : Income tax, payment, agency banks, march

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

Delhi HC Restores 'Status Quo Ante' for Loan Classified as NPA by Yes Bank(08.04.2020)

Delhi High Court has held that YES Bank should not have classified a loan account as Non-Performing Asset (NPA) when a delay in payment of installment.....

Tags : Delhi High Court, Loan Classified as NPA by Yes Bank

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

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

Lok Sabha Passes Banning of Unregulated Deposit Schemes Bill, 2019(25.07.2019)

Lok Sabha has passed the Banning of Unregulated Deposit Schemes Bill, 2019 in a bid to save gullible investors from ponzi schemes. The Bill seeks to p.....

Tags : Lok Sabha, Banning of Unregulated Deposit Schemes Bill, 2019

SC Stays Tripura HC Order Calling for MHA Files on Security Cover to Ambani Family(29.06.2022)

Supreme Court has stayed the orders passed by the Tripura High Court seeking the production of files of the Ministry of Home Affairs relating to the s.....

Tags : Supreme Court, MHA Files, Security, Mukesh Ambani

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

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.....