Endorsement is nothing but the process of signing one’s name or affixing an accepted rubber stamp impression on a cheque, … More
Category: Bank
Credit Creation
The creation of credit is one of the important functions of commercial banks. In the ordinary course of business, banks … More
5 Important Judgments on IBC, 2016
The Insolvency and Bankruptcy Code, 2016 was established to reform and determine the indebtedness on a timely basis, in order … More
Initiation of CIRP by Operational Creditor u/s 9 of IBC, 2016
In case where, Corporate Debtor defaults in making payments to its creditors the process of Corporate Insolvency Resolution Process (CIRP) … More
Dishonoring of Cheque due to Insufficiency of Fund in the Account
Section 138 of Negotiable Instrument Act deals with the provision of Dishonoring of Cheque due to insufficiency etc, of funds … More
Walk with growth- A peek to future banking
Introduction Post 2008 global financial crisis, reputation of financial institutions including banks was tarnished leading to declining trust in conventional … More
BANK GUARANTEE
NATURE OF BANK GUARANTEE: INDEPENDENT AND AUTONOMOUS A bank guarantee is an undertaking by a bank or a banking institution … More
Banking Company: Meaning, Licensing and Other Details
Meaning:According to Sec. 5 of the Banking Regulation Act, 1949, a banking company means the accepting, for the purpose of … More
National Financial Institutions and their role to play in the modern Indian economy
Role and functions of National Bank for Agriculture and Rural Development (NABARD) NABARD is a Development Bank which came into … More
Basel Accords and the banking sector
The collapse of the housing market, banking sector and the consequent financial crisis of 2007-08 showed the regulatory loopholes in … More
Nationalization of Indian Banks
In accordance with the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and 1980, a policy of nationalization of banks was … More
Insufficiency of the Insolvency and Bankruptcy Code in the resolution of banks
The Insolvency and Bankruptcy Code, 2016 (“Code”), has created a lot of confusion in the past regarding their resolution over the banking … More
Impact of ambiguous Money Lending Acts on Non-Banking Financial Companies (NBFCs)
Generally, laws on money lending aim to safeguard the interest and rights of the borrower by imposing licensing requirements on … More
SUPREME COURT QUASHES RBI BAN ON BANKING SERVICE TO CRYPTOCURRENCY DEALERS
INTRODUCTION The Supreme Court of India overturned a circular (the VC Circular) issued by India’s central bank, the Reserve Bank … More
Landmark IBC judgements.
In the landmark case of Essar Steel v Satish Kumar Gupta, it was given by the court that there is … More
Overview of Banking Law In India
The key regulator of banking in India is Reserve Bank of India (RBI) also known as apex bank of India. … More
Independence and Impartiality of Resolution Professional in IBC
The Indian insolvency regime, governed by the Insolvency and Bankruptcy Code, 2016 [IBC] is a shift from a debtor centric … More
GOVT PLANS MORE CONSULTATIONS TO FINALIZE AMENDMENTS TO IBC
GOVT PLANS MORE CONSULTATIONS TO FINALIZE AMENDMENTS TO IBC The bill is additionally prone to address ideas made by a … More
BANKRUPTCY TOURISM IN INTERNATIONAL TRADE
Bankruptcy tourism is a phenomenon that involves MNCs moving to another favourable jurisdiction and filing bankruptcy there by proving the … More
THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ACT, 2021
Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 was promulgated on April 4, 2021. It amends the Insolvency and Bankruptcy Code, … More