Day: April 2, 2019
Attachment of Property under PMLA and bonafide third party claim – High Court explain the law and Prerequisites for a valid claim ABCAUS Case Law Citation: ABCAUS 2858 (2019) (04) HC In the instant case law, several appeals had been filed under Section 42 of the Prevention …
Supreme Court declares RBI Circular on revised framework for resolution of stressed assets ultra vires . All cases proceeded declared to be non-est ABCAUS Case Law Citation:ABCAUS 2857 (2019) (04) SC Important Case Laws Cited/relied upon by the parties RBI by Notification/circular dated 12.02.2018 had promulgated a revised …
“IBC takes 300 days, BIFR took 5-8 yrs”-IBBI denies news published by Business Standard quoting affidavit submitted in the NCLAT The Business Standard recently published a news item stating that according to Chairman IBBI, the entire process of debt resolution under Corporate Insolvency Resolution Process (CIRP) takes nearly …
RBI specify threshold percentage for disclosure of divergence in asset classification & provisioning by banks with additional provisioning assessed by RBI The RBI vide Notification dated 18.04.2018 mandated disclosures by banks on divergences from prudential norms on income recognition, asset classification and provisioning exceed certain thresholds. It had …
Non Members not aggrieved person so as to have a right to challenge the Disciplinary order of ICAI. Supreme Court dismissed SLP against High Court Order ABCAUS Case Law Citation:ABCAUS 2856 (2019) (04) SC The Hon’ble Supreme Court had dismissed a special leave petition (SLP) against the order …