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.

25th Jun, 2020

NCLAT relies on Section 13(9) of the SARFAESI Act in realizing security interest of the secured creditors

  • Finance,
  • Corporate Restructuring & Insolvency,
  • Disputes

The National Company Law Appellate Tribunal (“NCLAT”) on June 18, 2020 in the case of Mr. Srikanth Dwarakanath, Liquidator of Surana Power Limited ...

22nd Jun, 2020

MCA formulates scheme for relaxation of time for filing forms related to creation or modification of charges

  • Corporate and M&A,
  • Finance

18th Apr, 2020

FDI Update: Foreign investments into India from countries with which India shares borders will require Government approval.

  • Corporate and M&A,
  • Finance

13th Apr, 2020

IRDAI permits insures to grant moratorium of 3 months to borrowers towards repayment of Term Loans

  • Finance

The Insurance Regulatory and Development Authority of India (“IRDAI”) vide its circular dated April 8, 2020, has permitted insurers to grant a mora...

31st Mar, 2020

Supreme Court on whether pre-deposit is mandatory for entertaining an appeal before the DRAT

  • Finance,
  • Disputes

28th Mar, 2020

RBI Press Release - COVID-19 Regulatory Package

  • Finance

On March 27, 2020, the Reserve Bank of India (“RBI”) issued a Statement on Development and Regulatory Policies (“Statement”) in order to address th...

19th Mar, 2020

RBI Guidelines for Payment Aggregators and Payment Gateways

  • Finance

02nd Jan, 2020

Enforcement Notification for Amendment of SARFAESI Act

  • Finance,
  • Disputes

On December 26, 2019, the Ministry of Finance (Department of Financial Services) issued a notification appointing January 24, 2020 as the date on w...

10th Dec, 2019

RBI-Bar on acquiring financial assets by Asset Reconstruction Companies from sponsors and lenders

  • Finance

26th Nov, 2019

SEBI - Disclosure of default by listed entities

  • Corporate and M&A,
  • Finance

On November 21, 2019, the Securities and Exchange Board of India (“SEBI”) issued a circular on ‘Disclosures by listed entities of defaults on payme...

21st Nov, 2019

Cal HC-Single application under Sec 17 can be filed for challenging separate notices under Sec 13(4) of the SARFAESI Act, pertaining to different secured assets for a single debt

  • Finance,
  • Disputes

In the matter of Ramsay Exim and Technology Private Limited v. ICICI Bank Limited, the issue which came for consideration before the Calcutta High ...

13th Nov, 2019

RBI Circular: Withdrawal of exemptions granted to HFIs

  • Finance



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