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News and Updates Issue 45 Duration September 01-15, 2020

The Reserve Bank of India (RBI) has issued a notification RBI/FIDD/2020-21/72 dated September 04, 2020 in relation to Master Directions – Priority Sector Lending (PSL) – Targets and Classification

Orders and Judgments Duration August 23, 2020- September 07, 2020

In the present case, Deccan contended before the Apex Court in appeal, that since the prayer in the suit is for cancellation of three “written instruments”, the proceeding under section being a proceeding in rem, would fall within one of the exceptions made out in Booz Allen & Hamilton

News and Updates Issue 44 Duration August 16-31, 2020

The Reserve Bank of India (RBI) has issued a Press Release dated August 18, 2020 inviting comments on the draft framework for recognition of a Self-Regulatory Organisation (SRO) for Payment System Operators

News & Updates Issue 43 Duration August 01-15, 2020

The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/17 dated August 06, 2020 in relation to Micro, Small and Medium Enterprises (MSME) sector – restructuring of advances

Orders & Judgments Duration August 08-22, 2020

The Calcutta High Court (HC) has ruled that Indian courts have the power to grant Anti-Arbitration injunctions against foreign seated Arbitrations (Balasore Alloys Limited v. Medima LLC). The Judgement passed by the Court states, “… courts in India do

News & Updates Issue 42 Duration July 16-31, 2020

The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/04 dated July 01, 2020, Master Circular – Detection and Impounding of Counterfeit Notes

Orders and Judgments Duration July 08-22, 2020

The Supreme court (SC) has observed that the High Court (HC) cannot appoint an Arbitrator ignoring the procedure prescribed in the Agreement between parties for such appointment

News and Updates Issue 41 Duration July 01-15, 2020

The Reserve Bank of India (RBI) has issued a notification RBI/2020-21/08 dated July 01, 2020, Master Circular – Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public

Orders and Judgments Duration June 23, 2020-July 07, 2020

Delhi High Court (HC) has stayed the penalty imposed on an Insolvency Professional (IP) who allegedly violated the provisions of the Insolvency and Bankruptcy Code by going against the terms of the moratorium

Orders and Judgments Duration June 08-22, 2020

The Calcutta High Court (HC) on Thursday held that prisoners in the state of West Bengal are not to be governed by the provisions of the Minimum Wages Act, 1948