Top Law News Suicides by farmers: SC seeks response from Centre, states January 27, 2017 / January 27, 2017 by Legal India Admin | Leave a Comment The Supreme Court today sought responses from the Centre, state governments, union territories and the RBI to examine the likely reasons behind suicides by farmers. A bench comprising Chief Justice J S Khehar and Justice N V Ramana asked them to respond within four weeks. The bench said that it is a “sensitive matter” of […] Read more » Centre government Court featured Law Legal News plea RBI states Suicides by farmers Supreme Court
Top Law News Bombay HC asks RBI to consider issue of salary payment to teachers December 5, 2016 by Legal India News | Leave a Comment The Bombay High Court today asked the RBI to consider the issue of payment of salaries to aided school teachers since it is disbursed through district cooperative banks which have been prohibited from depositing and exchanging old currency notes. The Mumbai, Solapur, Nashik and Pune District Central Cooperative Banks had approached the high court challenging […] Read more » Bombay High Court Court featured Law Legal News RBI salary payment to teachers
Top Law News Fin Min, RBI response sought on exchanging old notes December 2, 2016 by Legal India News | Leave a Comment The Bombay High Court has sought response from the Finance Ministry and Reserve Bank of India on a PIL seeking extension of deadline for exchanging the demonetised notes. A division bench of Justices Bhushan Gavai and Vinay Deshpande issued the notices yesterday while hearing a Public Interest Litigation (PIL), and posted the matter for further […] Read more » Bombay High Court Court exchanging old notes featured Fin Min Law Legal News RBI
Top Law News Demonetisation: Guj HC seeks response from Centre, RBI November 30, 2016 by Legal India News | Leave a Comment The Gujarat High Court has sought response from the Centre and RBI on a PIL challenging the legality of demonetisation and exclusion of district cooperative bank account holders from exchanging or withdrawing currency notes. A division bench of Chief Justice R Subhash Reddy and Justice V M Pancholi sought the response on a PIL moved […] Read more » Court Demonetisation featured Gujarat High Court Law Legal News RBI
Top Law News Bombay HC seeks RBI’s response on co-operative banks’ petition November 21, 2016 by Legal India News | Leave a Comment Observing that prima facie there were some inconsistencies in the two circulars issued by the Reserve Bank to district co-operative banks on demonetisation issue, the Bombay High Court today sought RBI’s response to a batch of petitions filed by these banks. The Mumbai and Solapur District Central Co-operative banks had approached the high court last […] Read more » Bombay High Court co-operative banks Court featured Law Legal News petition RBI
High Profile Cases Cannot disclose details on release of new Rs 500 notes: RBI November 18, 2016 by Legal India News | Leave a Comment The Reserve Bank of India today informed the Madras High Court that it cannot disclose details regarding the release of new Rs 500 denomination currency to the banks for distribution due to security reasons. The submission was made by the counsel for RBI on a petition seeking a direction to the Registrar of Co-operative Societies […] Read more » Cannot disclose details on release of new Rs 500 notes Court featured Law Legal News RBI
Top Law News RBI to intervene in Tata-NTT Docomo case in HC October 6, 2016 by Legal India News | Leave a Comment The Reserve Bank of India (RBI) today sought to intervene in the ongoing litigation in Delhi High Court between Tata Sons and Japanese telecom major NTT Docomo over the enforcement of a USD 1.17 billion arbitral award in favour of the foreign company. The London Court of International Arbitration (LCIA) had made the award in […] Read more » Court Delhi High Court featured Law Legal News RBI Tata-NTT Docomo case
Top Law News SC for disclosure of amount of outstanding loans, RBI resists April 12, 2016 / April 13, 2016 by Legal India News | Leave a Comment Default in repayment of loans running into “lakhs of crores of rupees” today prompted the Supreme Court to throw up the idea of making public the total outstanding amount without disclosing the defaulters names, but RBI resisted the proposal citing confidentiality clause. “This information does make out a case. This is quite a substantial amount […] Read more » Court featured Law Legal News loans RBI Supreme Court
Top Law News SC for making public the loan default amount, RBI opposes April 12, 2016 by Legal India News | 1 Comment on SC for making public the loan default amount, RBI opposes The Supreme Court today favoured making public the total amount of outstanding loans given by banks to various individuals and entities and running into lakhs of crores of rupees as per the information provided to it by RBI in a sealed cover. “This information does make out a case. This is quite a substantial amount […] Read more » Court featured Law Legal News loan default amount RBI Supreme Court
Top Law News SC asks RBI to give list of defaulters of over Rs 500 cr loan February 16, 2016 by Legal India News | Leave a Comment The Supreme Court today directed the RBI to provide a list of companies which are defaulters of bank loans of over Rs 500 crore while expressing serious concern over the rise in bad loans. The apex court also asked the Reserve Bank of India(RBI) to provide within six weeks the list of companies whose loans […] Read more » Court featured Law Legal News RBI SC asks RBI to give list of defaulters of over Rs 500 cr loan Supreme Court
Top Law News Delhi HC seeks RBI reply on PIL over e-retail January 25, 2016 / January 27, 2016 by Legal India News | Leave a Comment Delhi High Court today sought the RBI’s response on a PIL alleging that as per one of its circulars, retail trading in any form through e-commerce would not be permissible for companies which receive foreign direct investment (FDI). A bench of Chief Justice G Rohini and Justice Jayant Nath issued notice to the Reserve Bank […] Read more » Delhi HC seeks RBI reply on PIL over e-retail Delhi High Court eretail featured Legal News RBI
Top Law News Cap on withdrawals through ATM is policy decision: RBI tells Delhi HC April 16, 2015 by Legal India Admin | Leave a Comment The Reserve Bank of India (RBI) on Wednesday told the Delhi High Court that putting a cap on the number of withdrawals by banking customers using their ATM cards without being charged, is a policy decision taken in public interest. A bench of Chief Justice G Rohini and Justice Rajiv Sahai was also informed by […] Read more » Cap on withdrawals through ATM Chief Justice G Rohini Delhi HC featured Justice Rajiv Sahai RBI withdrawals through ATM
