RBI (Prudential Framework for Resolution of Stressed Assets) Directions 2019

  RBI (Prudential Framework for Resolution of Stressed Assets) Directions 2019 RBI Circular: RBI/2018-19/ 203 DBR.No.BP.BC.45/21.04.048/2018-19        June 7, 2019   Prudential Framework for Resolution of Stressed Assets IntroductionIn exercise of the powers conferred by the Banking Regulation…

Insolvency provisions under the Sale of Goods Act, 1930 (Bare Act)

Insolvency provisions under the Sale of Goods Act, 1930 (Bare Act): SALE OF GOODS ACT, 1930 [3 of 1930] CHAPTER I PRELIMINARY Section 1: Short title, extent and commencement. 1. (1) This Act may be called the Sale of Goods Act, 1930.…

Resolution of Stressed Assets – Revised Framework-RBI Circular-RBI/2017-18/131.DBR.No.BP.BC.101/21.04.048/2017-18 dt. February 12, 2018

Resolution of Stressed Assets – Revised Framework-RBI Circular-RBI/2017-18/131.DBR.No.BP.BC.101/21.04.048/2017-18 dt. February 12, 2018 Section : Banking Regulation (Amendment) Act, 2017 RBI Circular: RBI/2017-18/131.DBR.No.BP.BC.101/21.04.048/2017-18 dt. February 12, 2018 High Court verdict: Allahabad High Court in Independent Power Producers Association of India v.…

Chapter-VIII Indemnity and Guarantee of Indian Contract Act, 1872-Bare provisions

Indian Contract Act, 1872 CHAPTER VIII OF INDEMNITY AND GUARANTEE Section: 124. “Contract of indemnity” defined. Section: 124. “Contract of indemnity” defined. A contract by which one party promises to save the other from loss caused to him by the…

Surety has no right to dictate terms to the creditor & ask him to pursue his remedies against the principal in the first instance-Bank Of Bihar Ltd. Vs. Damodar Prasad & Anr. -SC

I. Case Reference Case Citation : [2017] ibclaw.in 21 SC Case Name : Bank Of Bihar Ltd. Vs. Damodar Prasad & Anr. Petitioner(s) : Bank Of Bihar Ltd. Respondent(s) : Damodar Prasad & Anr. Appeal No. : Civil Appeal No.…