An offence under Section 138 Negotiable Instruments Act, 1881 can also arise against A Cheque issued as Security: Supreme Court A Cheque issued as Security pursuant to a Financial Transaction cannot...
Relief of 2 years May be Granted to Future Retail Ltd. on Repayment of Loans There is a ray of hope for lenders to Future Retail Ltd. (FRL) of having a recast plan by the end of April 2021. The...
Supreme Court: Even if Principal Borrower is Not 'Corporate Person' Insolvency proceedings Can be Initiated Against Corporate Guarantor The Supreme Court (SC) on 26 March 2021, in the case titled...
Bombay High Court: No Interest on Loan Absenct of the Mechanism for bifurcation of Service prior to March 2006 The coram consisting of Justice Milind Jadhav and Ujjal Bhuyan of the Bombay High Court...
Accounts not performing due to delay won't be labelled NPAs The Centre has informed the Supreme Court that accounts becoming non-performing due to delay because of banks or any other reason need...
