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FINANCIAL RECOVERY STATUTES
Top cases on the United States Supreme Court's docketThe U.S. Supreme Court is reviewing significant cases. These cases cover voting rights, presidential authority, immigration policies, and g...
Rudy Giuliani in hospital in critical condition: What has happened to ex-New York City mayor?Rudy Giuliani remains in critical but stable condition at a Florida hospital as of Sunday evening, May 3, 2026. No cause for the hospitaliz...
India’s banking system turns sluggish amid loan recovery delays and legal hurdles: CII reportIndia's banking sector needs urgent reforms. The Confederation of Indian Industry's report highlights slow loan recovery and complex laws. ...
SBI seeks review of SC ruling denying secured creditors priority over attached assetsThe State Bank of India has filed a review petition against the Supreme Court’s May 15 ruling, which held that secured creditors cannot cla...
What are the rights and duties of a tenant?Landlords attempt to counter the rights of the tenant by imposing high rents and financial guarantees in the form of 3-6 months of advance ...
SC rejects challenge to approval of resolution plan of Reliance Infratel by operational creditorsA bench of Justices DY Chandrachud and M R Shah said that exclusion of some of the financial creditors from the Committee of Creditors (CoC...
Insolvency process: Parliament panel suggests benchmark for 'quantum of haircut'The Insolvency and Bankruptcy Code (IBC), which came into effect in 2016, provides for a market-linked and time-bound resolution of stresse...
Provision of SARFAESI Act empowering DMs to attach secured assets of borrowers directory: SCSection 14 of the SARFAESI Act mandates District Magistrate to deliver possession of a secured asset within 30 days, extendable to an aggre...
Banks with exposure to poorly-run NBFCs will have to take larger haircuts, warns RBI governorBanks will have to take more haircuts while resolving the stressed loans extended to NBFCs, Das has said.
Government to form working group to resolve startups' angel tax issueThe meeting comes against the backdrop of various startups raising concerns on notices sent to them under Section 56(2) (viib) of the Incom...
Law Ministry okays draft bill on fugitive economic offendersThe proposed law seeks to deter economic offenders from evading the process of Indian law by fleeing the country and is applicable for offe...
Haryana government may take action against Unitech as panel points to impending failureTaking note of the various complaints against Unitech, the CM had on Apr 11 directed that a panel be set up by Gurgaon deputy commissioner.
Government introduces bill for bankruptcy law in ParliamentAt present, Asia's third-largest economy has competing laws with unclear jurisdictions to deal with the liquidation or revival of companies.
Government withdraws Repeal Bill from Lok Sabha to correct duplicacyLaw Minister Gowda withdrew the Repealing and Amending (Third) Bill, 2015, in Lok Sabha amid din created by Opposition over the Lalit Modi ...
Effort to restrict high-value loan defaults: Wilful defaulters may face trial in 30 daysIt'd happen if proposal being considered by a committee set up by the govt to deal with high value loan defaults finds its way into the sta...
Bill to check wilful loan defaults likely in Winter session"The Finance Ministry is working on draft Bill on wilful defaulters with penal provisions and it is making efforts to table it in the Winte...
Finance Ministry sets up panel to give more teeth to debt recovery lawsA panel has been constituted by Department of Financial Services for suggesting changes in the existing laws to make debt recovery more eff...
- SKS Microfinance preparing for a return to Andhra Pradesh
“We are waiting for the Microfinance Bill to be passed so that there will officially be only a single regulator to govern microfinance inst...
- Secured loans will have priority over excise dues: SC
The Supreme Court has held that secured creditors like the state financial corporations have the first right to recover outstanding loan du...
- MPs panel buying time to keep SICA alive
There's no such thing as smooth sailing for lender's rights. Even while banks and financial institutions have been slapping notices by the ...