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Dhaval Vussonji & Associates
An ‘Acknowledgement' of liability not only saves limitation period but also confers on an individual a ‘cause of action' to him, to lay his claim.
AZB & Partners
While the term "securitisation" is defined under each of these regulatory regimes, both regimes envisage securitisation as a ring-fenced and bankruptcy-remote true sale of financial assets
DSK Legal
To encourage NBFCs to securitise/assign their eligible assets, RBI had issued circular no. DNBR (PD)CC.No.95/03.10.001/2018-19 dated November 29, 2018, to NBFCs, ...
Singh & Associates
Recently the Delhi Appellate Tribunal for Prevention of Money Laundering Act, New Delhi in the case titled Bank of India vs. Deputy Director, ED, Mumbai (FPAPMLA- 2173/MUM/2018), examined the issue pertaining to ...
Khaitan & Co
The division bench was examining an order passed by a single judge of the High Court which rejected the contentions of Axis Bank that it could not be impleaded...
Cyril Amarchand Mangaldas
The intention of parliament in providing a time period of 15 days in section 13 (3A) was to ensure that the secured creditors respond within reasonable time and hence the said time period is directory in nature.
Khaitan & Co
The Hon'ble Supreme Court (SC), in its recent decision in the matter of M/s Hindon Forge Pvt. Ltd. & Anr. v State of Uttar Pradesh [(Civil Appeal No 10873 of 2018 along with Civil Appeal No 10874 of 2018)] ...
M Mulla Associates
In the matter of Indiabulls Housing Finance Limited v. Deccan Chronicle Holdings Limited & Ors., 2018(2)Bom.C.R. 739, the apex court addressed the issues of whether the provisions of the SARFAESI Act 202 ...
Nishith Desai Associates
Karma Capital's Nandita Parker Says Sebi Circular Is Causing Anxiety Among NRI Community (video).
Nishith Desai Associates
FPI's Cry Foul Over SEBI's April 10 Circular On KYC Norms (Video)
Nishith Desai Associates
Foreign Portfolio Investors Upset Over SEBI's April 10 Circular On KYC Norms: Here's What Concerns Them (Video)
Singhania & Partners LLP, Solicitors and Advocates
In a far reaching judgment in the case of Sampoorna Battu vs. ICICI Bank & Anr., a Division Bench of the Andhra Pradesh High Court has quashed a notice issued by a lawyer on behalf of a financial institution, ...
Singh & Associates
Under Section 13 of the Act, the banks have the power to initiate the recovery process without approaching the courts.
M Mulla Associates
The Supreme Court held that compliance of this procedure is mandatory in nature.
SKP Business Consulting LLP
Vide notification RBI/2017-18/169 issuing A. P. (DIR Series) Circular No. 25 (hereinafter referred to as Circular) dated 27 April 2018, the Reserve Bank of India (RBI), in consultation...
Khaitan & Co
The Reserve Bank of India (RBI) officially kicked off an entirely new phase in its efforts to reform a banking system ridden with non-performing assets (NPAs).
Singh & Associates
The Hon'ble Supreme Court in the case of "Authorized Officer, State Bank of Travancore and Ors. Vs. Mathew K.C.", MANU/SC/0054/2018, whereby, the Appellant / Bank assailed an interim order dated 24.04.2015 ...
Shardul Amarchand Mangaldas & Co
As has been eulogised in the media over the past few years, the insurance industry in India is one of the most regulated, challenging yet untapped sectors in India, ...
SNG & Partners
Indian Legal system encompasses varied legal provisions for recovery of debts by the Banks and Financial Institutions as follows :-
SNG & Partners
Summary suits under Order XXXVII of the Code of Civil Procedure, 1908.
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