Updates



Quick updates to help our readers stay up to date on various legal and regulatory developments. It is not intended to be an analysis on the subject, but merely a brief snapshot.

24th Aug, 2020

RBI directs implementation of system-based asset classification in urban co-operative banks

  • Finance

24th Aug, 2020

Kerala HC holds that secured creditor can claim priority for sale and payment over statutory charges and decides upon the effect of the unnotified amendments to SARFAESI

  • Finance,
  • Disputes

The Kerala High Court vide its judgment dated May 19, 2020, in the case of Travancore Devaswom Board v. The Deputy Examiner, Local Fund Audit and o...

24th Aug, 2020

CCI: Bank acting under SARFAESI for recovery cannot be termed as a dominant entity under Competition Act, 2002

  • Finance,
  • Competition

The Competition Commission of India (“CCI”) vide its order dated May 14, 2020 in the matter of RH Agro Private Limited v. State Bank of India and o...

24th Aug, 2020

Chhattisgarh HC: Amount under S. 13(2) notice is to be considered for calculating the deposit amount under S. 18 and not any subsequent interest

  • Finance,
  • Disputes

The Chhattisgarh High Court vide its judgment dated May 18, 2020 in the matter of Shri Mohan Products Private Limited v. State Bank of India and or...

22nd Aug, 2020

SEBI amends the International Financial Services Centres Guidelines, 2015

  • Finance

The Securities and Exchange Board of India has vide its circular bearing no. SEBI/HO/MRD1/DSAP/CIR/P/2020/154 dated August 21, 2020 (“Circular 1”) ...

22nd Aug, 2020

RBI lays down framework for authorisation of pan-India Umbrella Entity for Retail Payments

  • Corporate and M&A,
  • Finance

21st Aug, 2020

RBI notifies Online Dispute Resolution (ODR) System for Digital Payments

  • Finance,
  • Disputes,
  • Technology and Data Privacy

17th Aug, 2020

RBI notifies Pilot Scheme for Offline Retail Payments

  • Finance

The Reserve Bank of India (“RBI”), through a press release dated August 6, 2020, issued a statement on developmental and regulatory policy. This po...

27th Jul, 2020

Department of Expenditure, Ministry of Finance issues restrictions on public procurement from border sharing countries

  • Finance

18th Jul, 2020

RBI notifies fair practices code to be adopted by asset reconstruction companies

  • Finance

09th Jul, 2020

RBI issues notification on loans sourced by banks and NBFCs over digital lending platform

  • Finance

07th Jul, 2020

RBI extends timeline for finalization of audited accounts of NBFCs

  • Finance



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