RBI Issues Revised Master Directions On Fraud
The Hon’ble Supreme Court (“SC”) in State Bank of India & Ors. v. Rajesh Agarwal & Ors.[i] had clarified that principles of natural justice must be upheld while declaring any individual / entity as fraud.
Debt Recovery Tribunal Cannot Entertain A Claim Below Rs.10 Lakhs Under Sarfaesi Act – Delhi High Court
There is a remarkable legal development wherein the High Court of Delhi (HC) in its ruling brought major implications on the jurisdiction of Debt Recovery Tribunals (DRT) under the Securitization and Reconstruction of Financial Assets
RBI recently issued guidelines on Default Loss Guarantee (DLG) in Digital Lending
The Reserve Bank of India (RBI) has recently issued guidelines on Default Loss Guarantee (DLG) in Digital Lending. DLG is a contractual arrangement between a Regulated Entity (RE) and an entity meeting certain criteria, under which
PAWNEE CAN NOT SELL THE PLEDGED GOODS TO ONE OWN SELF UNDER THE CONTRACT ACT: Supreme Court
Supreme Court bench comprising Justices MR Shah and Sanjiv Khanna held in a recent judgment1 that under Section 177 of the Contract Act, 1872 (“Contract Act”), in case of default by the pawnor, the pawnee
Section 138 of NI Act: Prima facie materials to show the authority of the representative sufficient for magistrate to take cognizance
Supreme Court in TRL Krosaki Refractories vs SMS Asia Pvt Ltd1 held that in a cheque bounce case when a complainant/ payee is a company then an authorized representative can represent the company. A bench headed
Breach of Main Contract no ground for stopping payment under Bank Guarantee
Recently, the Delhi High Court, in Satish Kansal vs Synergy Tradeco NV and others, reiterated that letter of credits (LC)/bank guarantees are independent of the main contract and a dispute under the main contract cannot
- Arbitration and Conciliation
- Banking and Finance
- Bankruptcy Code – Public Announcements
- Civil
- Commercial litigation
- Commercial/Corporate
- Criminal
- Cyber Law
- Debt Recovery
- Food
- IL News
- Infrastructure
- Insolvency & Bankruptcy
- Insurance
- Intellectual Property Rights
- International
- Labour
- Law
- Medico-Legal
- Negotiable Instrument
- NRI Laws
- Policy
- Power
- Real Estate
- Tax
