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SURETY MEANING
If Your Boss Avoids Talking About Your Future, Here Is What Could Be Going OnWorkplace managers often show hesitation regarding long-term roles and promotions. This uncertainty, stemming from dual responsibilities, l...
If a Coworker Says “I’ll Fix It Quickly,” How to Avoid Last-Minute SurprisesWhen individuals over-promise quick fixes due to a desire to appear capable or an optimistic bias, it erodes team trust over time. Repeated...
Creditors can pursue simultaneous insolvency proceedings against both debtors, guarantorsThe Supreme Court has ruled that financial creditors can initiate simultaneous insolvency proceedings against both a principal debtor and i...
Tamil Nadu Minister Udayanidhi Stalin gets bail in Sanatana dharma remarks caseIn September last year, he had said that Santana dharma was against the principles of social justice and equality, and should be eradicated...
How to claim money after death of SBI account holderHere is a look at the process of filing a claim with SBI after the death of an account holder. Before filing the death claim with the SBI, ...
No guarantees this business will continue to pay for banksNon-fund exposures are off-balance sheet items that comprise letters of credit (LC) and bank guarantees (BG). Here, banks don't sanction a ...
General insurers in alien territory on surety bondsSurety bonds issued by insurance companies are designed to provide a guarantee to government agencies or companies for the delivery of proj...
Mumbai Airport scam: PMLA court grants bail to ex-MIAL MD GV Sanjay ReddyThe court here today took cognisance of the prosecution complaint (PC) filed by the Enforcement Directorate (ED) against 21 including accus...
NHAI moves IRDA proposing insurance of road projectsThe National Highways Authority of India (NHAI) has proposed insurance cover for road projects, in a step that could help bring in credible...
Rahul Gandhi pleads not guilty in RSS defamation case, to face trialA Mumbai court granted Rahul Gandhi and Sitaram Yechury bail on a surety amount of Rs 15,000 each .
No moratorium for personal guarantors: Supreme CourtThe law mandates a moratorium of 180 days against a corporate debtor once insolvency proceedings start.
Mobile handset vendors urge government to reinstate old rule for importing partsThe ICA has also suggested an amendment in the rule for the utilization period of the imported goods for mobile manufacturing to the earlie...
The how, why & what about Business GuaranteesA Guarantee is a promise to pay another person's debt or fulfill his or her contractual obligation, if that other person fails to perform h...
Bail rules: Panel to recommend ways so that poor do not sufferLaw Commission chairman Justice BS Chauhan said the "only difficulty" is poor people do not get bail for want of legal assistance or money."
Planning to stand surety? Think before signing on the dotted lineClearly, given the grave implications of standing surety under the changed circumstances, be extra cautious while entering into such an agr...
Satyam fraud case: Founder B Ramalinga Raju's wife, sons get jail termsEconomic Offences Court convicted & sentenced to imprisonment ranging from 6 months to 1 yr 84 directors of 19 cos floated by relatives & f...
Pakistan court grants Musharraf bail in last case against himMusharraf, ex-head of the army, took power in a 1999 coup but was ousted by popular protests led by the country's judiciary. He went into e...
Defamation case: Arvind Kejriwal stands firm, refuses to seek bailChief Metropolitan Magistrate Sanjay Bansal released Kejriwal on an undertaking that he would appear on every date of hearing after he refu...
- Boy spends one year in jail for stealing Rs 200
After being denied bail once, he was granted bail three months ago, but did not have the Rs 10,000 in property needed for a bail bond.
- Loan Guarantor? Be mindful of misstep in loan default
Guarantor will be under obligation to make good the loan amount if the original debtor defaults. Plan finances before going for loan | Cost...