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Money Raining In Bihar: Rs 52 Crore Wrongly Credited To Farmer’s Bank Account

Money Raining In Bihar: Rs 52 Crore Wrongly Credited To Farmer’s Bank Account

It’s raining heavily in Bihar, not water droplets but money this time. Not a movie scene or a lucky draw contest where people are receiving crores of rupees in their accounts. It is the third consec

“PM Modi Sent Me First Installment”: Bihar Man Refused To Return Wrongly Credited Rs 5.5 Lakh

“PM Modi Sent Me First Installment”: Bihar Man Refused To Return Wrongly Credited Rs 5.5 Lakh

In a bizarre incident, a man identified as Ranjit Das from Bihar’s Khagaria district received Rs 5.5 lakh in his account due to a bank error. He received the amount in March this year and refuse

Will 8 Member Team on “Chokshi Mission” Be Able to Bring the Fugitive Back To India?

Will 8 Member Team on “Chokshi Mission” Be Able to Bring the Fugitive Back To India?

Sharada Raut led Chokshi Mission team including two members each from MEA, CBI, and ED along with two CRPF commandos are in Dominica for Choksi extradition matter hearing in Dominica court scheduled o

Indian Fugitive Diamantaire Mehul Chokshi Missing, Claims Lawyer: PNB Scam

Indian Fugitive Diamantaire Mehul Chokshi Missing, Claims Lawyer: PNB Scam

Most wanted Indian fugitive diamond trader Mehul Chokshi has been reported missing from Antigua and Barbuda as per his lawyer Vijay Aggarwal. He is accused of allegedly perpetrating a bank fraud worth

“Insurance Policies Cannot Discriminate Between Physical Illnesses and Mental Illnesses”: Delhi HC

“Insurance Policies Cannot Discriminate Between Physical Illnesses and Mental Illnesses”: Delhi HC

Delhi High Court has emphasized on the need to cover mental illness in the insurance policies. The court noted that insurance policies cannot discriminate between physical illnesses and mental illness

UK’s Home Secretary Approves Extradition of Fugitive Nirav Modi

UK’s Home Secretary Approves Extradition of Fugitive Nirav Modi

United Kingdom Home Secretary Priti Patel has approved the extradition of fugitive diamond merchant Nirav Modi in connection to the ₹11,356.84 crores Punjab National Bank loan scam. His extradition

Can’t Allow Extension of Loan Moratorium Period, Waiver of Interest Not Possible – SC

Can’t Allow Extension of Loan Moratorium Period, Waiver of Interest Not Possible – SC

On Tuesday, the Supreme Court refused to interfere with the government and the Reserve Bank of India’s (RBI) loan moratorium policy and declined to extend the six months loan moratorium period.

Chanda Kochhar Misused Her Official Post To Sanction Loan To Videocon Group – PMLA Court Summons Kochhar in Money Laundering Case

Chanda Kochhar Misused Her Official Post To Sanction Loan To Videocon Group – PMLA Court Summons Kochhar in Money Laundering Case

A special PMLA court in Mumbai has held that the material submitted by the Enforcement Directorate is sufficient to proceed with a trial for money laundering in the multi-crore scam under the Preventi

ED Attaches Assets Worth Rs 130 Crore in Demonetization Scam Case

ED Attaches Assets Worth Rs 130 Crore in Demonetization Scam Case

On Tuesday, the Enforcement Directorate has attached assets worth over Rs 130 crore of various Hyderabad-based jewelry houses and their promoters in a money-laundering probe linked to alleged financia

SC Seeks WhatsApp Reply over Non-Sharing of UPI Data with Any Third Party

SC Seeks WhatsApp Reply over Non-Sharing of UPI Data with Any Third Party

Supreme Court has asked the instant messaging app WhatsApp to file its response in connection to a petition seeking directions to RBI and NPCI to ensure that data collected on Unified Payment Interfac

Vijay Mallya Has Applied For ‘Another Route’ To Stay In UK, Says Lawyer

Vijay Mallya Has Applied For ‘Another Route’ To Stay In UK, Says Lawyer

Vijay Mallya has applied to Home Secretary Priti Patel for “another route” to be able to stay in the U.K., the liquor tycoon’s barrister Philip Marshall representing him in bankruptcy proceeding

Pre-Litigation Mediation May Not be Feasible for Cheque Bounce Cases U/ S 138 NI Act: SC

Pre-Litigation Mediation May Not be Feasible for Cheque Bounce Cases U/ S 138 NI Act: SC

Supreme Court on Tuesday observed that the pre-litigation mediation under NALSA recommendations for the settlement of cheque bounce cases under Section 138 of Negotiable Instrument Act, 1881 may not b

Delhi HC Issues Notice in a Plea Seeking to Regulate Online Lending Apps

Delhi HC Issues Notice in a Plea Seeking to Regulate Online Lending Apps

On Friday, the Delhi High Court issued a notice in a plea that sought a direction to the Reserve Bank of India to regulate and control the digital lending platforms. The division bench of Chief Justic

Lakshmi Vilas Bank Placed Under Moratorium; RBI Proposes Amalgamation Scheme with DBS Bank

Lakshmi Vilas Bank Placed Under Moratorium; RBI Proposes Amalgamation Scheme with DBS Bank

Lakshmi Vilas Bank has been placed on moratorium for a month effective from 6 pm on 17 November to 16 December. The moratorium has been imposed on the basis of an application submitted by the RBI unde

NPCI Allows WhatsApp To Start UPI Services In ‘Graded’ Manner

NPCI Allows WhatsApp To Start UPI Services In ‘Graded’ Manner

On Thursday, the National Payments Corporation of India allowed WhatsApp to start its payments service in the country in a ‘graded’ manner, minutes after it has limited WhatsApp or its rivals like

Bombay HC Rejects Default Bail Pleas Of DHFL Promoters Kapil And Dheeraj Wadhawan

Bombay HC Rejects Default Bail Pleas Of DHFL Promoters Kapil And Dheeraj Wadhawan

On Wednesday, the Bombay High Court rejected four bail pleas by Kapil Wadhawan and Dheeraj Wadhawan, in a case filed against them by the Central Bureau of Investigation for alleged cheating and under

SC Transfers To Itself, Petitions Challenging IBC Provisions On Personal Guarantors

SC Transfers To Itself, Petitions Challenging IBC Provisions On Personal Guarantors

On Wednesday, the Supreme Court has agreed to transfer to itself, a batch of petitions challenging provisions relating to insolvency of personal guarantors of the Insolvency and Bankruptcy Code. The b

UK Court Rejects Nirav Modi’s Bail Plea for Seventh Time

UK Court Rejects Nirav Modi’s Bail Plea for Seventh Time

For the seventh time, a London court has today denied bail to the fugitive diamantaire Nirav Modi, who was arrested in connection with the fraud and money laundering case of Punjab National Bank. Nira

Can’t Announce More Relief, Courts Shouldn’t Interfere in Fiscal Policy – Centre to Supreme Court

Can’t Announce More Relief, Courts Shouldn’t Interfere in Fiscal Policy – Centre to Supreme Court

On Friday, during the hearing of a plea that raised a question for charging of interest on interest for loan repayments during the moratorium period, the Centre told the Supreme Court that “It is no

CBI Booked Dairy Product Maker Kwality Ltd. Over 1,400 Bank Loan Fraud Case

CBI Booked Dairy Product Maker Kwality Ltd. Over 1,400 Bank Loan Fraud Case

Central Bureau of Investigation (CBI) has booked Delhi-based private sector dairy company Kwality Ltd for defrauding a consortium of 10 banks led by Bank of India for more than Rs 1,400 crore. The cas

Tech Giant Google Pulls Down Paytm App from Playstore; Employee Cites Gambling Policy Violation

Tech Giant Google Pulls Down Paytm App from Playstore; Employee Cites Gambling Policy Violation

Leaving millions of users stunned, Google has taken down the Fintech Company’s online payment app, Paytm from the Google play store. One of the blog released from an employee of the tech giant c

Practicing Cheque Cloning, Rs 6 Lakh Withdrawn From Ram Temple Trust; FIR Registered

Practicing Cheque Cloning, Rs 6 Lakh Withdrawn From Ram Temple Trust; FIR Registered

After discovering the withdrawal of a huge amount of money from the temple trust fraudulently, an FIR has been registered by Ram Temple Trust Secretary Champat Rai in Kotwali police station. The amoun

SC Sets 10 Years Timeframe for AGR Dues; NCLT to Decide Monetization of Spectrum

SC Sets 10 Years Timeframe for AGR Dues; NCLT to Decide Monetization of Spectrum

Supreme Court on Tuesday, has given 10 years time frame to the Telcos in connection to the payment of Adjusted Gross Revenues (AGR). The court has denied interfering in the insolvency process as it is

Google Pay Doesn’t Need RBI Authorization to Facilitate Financial Transactions; Google Tells Delhi High Court

Google Pay Doesn’t Need RBI Authorization to Facilitate Financial Transactions; Google Tells Delhi High Court

Google India Digital Services Pvt Ltd on Wednesday has filed its response with Delhi High Court stating that Google Pay doesn’t require any authorization from Reserve Bank of India (RBI) to faci

Time Limit for Availing Transitional Input Tax Credit under GST Mandatory: Madras HC

Time Limit for Availing Transitional Input Tax Credit under GST Mandatory: Madras HC

The Madras High Court in its recent order has propounded that the time limit for availing Transitional Input Tax Credit (ITC) is mandatory in nature, not directory. The Court further held that the ITC

Payment of loan EMI’s paused for 3 months – RBI

Payment of loan EMI’s paused for 3 months – RBI

Amid the ongoing COVID-19 crisis, which had a serious impact on various sectors including businesses and employees in India, the Reserve Bank of India in a press conference on Friday, announced that a

SC Directs Center To Examine the PIL Alleging Exchange of Currency Defaced by Kashmiri Separatists

SC Directs Center To Examine the PIL Alleging Exchange of Currency Defaced by Kashmiri Separatists

On 7 December, the Supreme Court directed the Centre to look into public interest litigation (PIL) filed by one Satish Bhardwaj, against the Reserve Bank of India’s (RBI) decision to exchange Rs 30

Finance Ministry declines to share Indian Swiss Bank Accounts details

Finance Ministry declines to share Indian Swiss Bank Accounts details

As per sources, the Finance Ministry declined to share details of the Indian Swiss bank accounts and the black money received from the foreign countries citing ‘confidentiality provision’ signed u

Amendment to the Negotiable Instrument Act passed

Amendment to the Negotiable Instrument Act passed

On 26th July 2018, the Parliament passed a bill to amend the ‘Negotiable Instrument Act’ which aims at allowing a court to try offences related to cheque bounce expeditiously. The Minister of



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