The National Company Law Appellate Tribunal ("NCLAT") while upholding the decision of National Company Law Tribunal, Mumbai ("NCLT")...

Section 238 of Insolvency and Bankruptcy Code, 2016 ("IBC") overrides the provisions of the Electricity Act and that the dues payable to secured creditors are at a higher footing than the dues...

The Reserve Bank of India ("RBI") has, in its capacity as the regulator of non-banking financial companies and under the powers conferred to it pursuant to Section 45-IE (1) of the Reserve Bank of India Act, 1934 ("RBI Act"), superseded the Board of Directors of SIFL and SEFL.

This has been ruled in the matter of "Mr. Nitin Chandrakant Naik & Anr. Vs. Sanidhya Industries LLP & Ors.' vide judgement dated 26th August 2021

A new category under Category I Alternative Investment Funds ("AIFs") i.e. Special Situation Funds ("SSF") is proposed to be introduced to permit such funds to invest in stressed assets.

Reserve Bank of India has issued clarifications on prudential norms on income recognition, asset classification and provisioning pertaining to advances.

One of the biggest issues that continues to stress the banking sector as of date is the mounting number of non performing assets.

As the banking system continues to deal with the increase in defaults, it becomes imperative and puts the spotlight back on the underlying documentation to be used for enforcement.

In M/S Centrotrade Minerals and Metal Inc v Hindustan Copper Ltd (Civil Appeals No. 2562 and 2564 of 2006), the Supreme Court of India considered whether two-tier arbitration procedure is permissible in India.

The directions are slated to be effective 3rd January, 2022.

An IFSC essentially caters to customers outside the jurisdiction of the host domestic economy, dealing with flows of financial products and services to and from the host economy with foreign entities.

The IMF estimated that the aggregate financial assets held in Islamic accounts were above US$2 trillion globally and that they would outperform the growth of conventional finance in many countries.

Key amendments have been introduced with respect to the issuance of listed debt securities ("NCDs") pursuant to an amendment to the SEBI (Issue and Listing of Non-Convertible Securities) ("NCS Regulations"):

Reserve Bank of India ("RBI") has issued its working group report on digital lending including lending through online platforms and mobile apps last week.

he Supreme Court of India ("SC") vide its order dated 23.09.2021 has recalled the suo motu order of 27.04.2021, which had extended the limitation period for filing...

The need to regulate interest rates in a manner that the market continues to function in an efficient way was felt decades ago.

The Supreme Court, after hearing at the parties at length, concluded that the Divisional Bench committed a manifest error in issuing directions in the concluding part of its judgment.

The Indian economy is recovering from the COVID-19 impact and is gradually picking up amidst these uncertain times and volatile environment.

The Reserve Bank of India ("RBI") issued directions dated 03rd January 2024 for the purpose of issue of commercial papers ("CPs") and short term non-convertible debentures ("STNCDs").

‘Witness may lie but the documents do not.' The production of documentary evidence holds major importance towards the outcome of any commercial dispute.