Wilful Defaulter Circular: A Much-Needed Munition or a Growing Conundrum
by Bishwajit Dubey*, Shatrajit Banerji** and Prafful Goyal***
RBI
Can low CIBIL Score of a co-borrower be a reason for denial of an education loan? Ker HC deciphers
Kerala High Court: In a case wherein, due to low CIBIL Score education loan was denied, N. Nagaresh, J., directed for reconsideration
Cal HC | There are many known heroes and unsung heroes, if everybody starts making such a claim there will not be an end; Petition for printing Netaji’s picture on currency notes dismissed
Calcutta High Court: The Division Bench of Prakash Shrivastava, CJ. and Rajarshi Bharadwaj, J. dismissed a petition which was filed by the
While examining the complaint, can CIC direct disclosure of information under S. 18 of RTI Act? CIC answers
Central Information Commission (CIC): Neeraj Kumar Gupta (Information Commissioner) addressed a matter wherein it was alleged that the respondent intentionally provided an
Can Currency Notes in police custody pre-demonetisation, be replaced with current valid tender? Bom HC decides
Bombay High Court: The Division Bench of G.S. Patel and Madhav J. Jamdar, JJ., addressed a matter concerning currency notes pre-demonetisation and
“Shylock has received their promised pound of flesh but they seem to want more”; Bank entitled to withhold payment where Bond holder’s title is clouded as fraudulent: SC
Supreme Court: The Division Bench of Hrishikesh Roy* and R. Subhash Reddy, JJ., while deciding on an appeal challenging dismissal of suit
From Banning to Regulating: Unexpected Journey of Cryptocurrencies in India
by Tariq Khan† and Gauri Rajput††
Cite as: 2022 SCC OnLine Blog Exp 11
Financial Information: Boarding the Information Superhighway
by Pramod Rao†
Cite as: 2022 SCC OnLine Blog Exp 6
No borrower can claim benefit of One Time Settlement Scheme as a right; Can’t encourage dishonest borrowers: SC
“If it is held that the borrower can still, as a matter of right, pray for benefit under the OTS Scheme, in that case, it would be giving a premium to a dishonest borrower.”
Virtual Currency | Dealing in virtual currency and duping people of Rs 2.5 Crores: Can bail be granted for such alleged economic offences? Read full report to know
Delhi High Court: Getting indulged in Virtual Currencies even after receiving public notices not to deal in the same and further duping
Reserve Bank of India (Prudential Norms on Capital Adequacy for Local Area Banks) Directions, 2021
The Reserve Bank of India has issued the Reserve Bank of India (Prudential Norms on Capital Adequacy for Local Area Banks) Directions,
Mergers & Acquisitions (M&A) | CCI gives approval for acquisition of shareholding in HDFC Ergo General Insurance Co. Ltd. by HDFC Bank Ltd.
Acquisition approval by Competition Commission of India The Competition Commission of India (CCI) approves acquisition by HDFC Bank Limited (Acquirer) of shareholding
RBI issues Master Directions- RBI (Transfer of Loan Exposures) Directions, 2021
On September 24, 2021, the Reserve Bank of India (RBI) has issued the Reserve Bank of India (Transfer of Loan Exposures) Directions,
Interest on advance payment must not exceed 100 basis point above LIBOR rate
On September 08, 2021, the Reserve Bank of India has notified the Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations,
Will the year of Cryptocurrency ever arrive in India?
by Swarnendu Chatterjee† & Yashika Bhardwaj††
Crypto Frauds | Allegations of cheating in Bitcoin transactions: Magistrate, Tis Hazari Courts directs Delhi Police to register FIR and investigate
Abhinav Pandey, MM, Tis Hazari Court directs Delhi Police to lodge FIR and investigate allegations of fraud in crypto transactions. Complainant sought
Del HC | If a person is incapacitated and relative taking care of his medical expenses requires money from his bank account, is that permitted under law? Can Bank permit withdrawal of money? Read on
Delhi High Court: Prateek Jalan, J., reiterated the position of law laid down in the decision of Vandana Tyagi v. GNCTD, [WP
Bom HC | Board of Directors of Co-operative Bank: Power of Registrar of Co-operative Societies under Maharashtra Co-operative Societies Act & RBI’s role || Detailed Report
Bombay High Court: The Division Bench of R.D. Dhanuka and V.G. Bisht, JJ., while addressing the instant matter, expressed that: The Registrar,
RBI |Cheque Truncation System for faster clearing of cheques to extend in all bank branches by September 30, 2021
Extension of Cheque Truncation System (CTS) across all bank branches in the country. What is Cheque Truncation System (CTS)? Cheque Truncation System