Search Results for "Banking, Finance & Insolvency News | Supremetoday AI"

Supreme Court: RBI Can Supersede Multi-State Co-op Bank Board Beyond Six-Month Limit

Supreme Court: RBI Can Supersede Multi-State Co-op Bank Board Beyond Six-Month Limit

#BankingRegulationAct #SupremeCourt

Supreme Court: RBI Can Supersede Multi-State Co-op Bank Board Beyond Six-Month LimitTheSupreme Court of Indiahas affirmed theReserve Bank of India's (RBI) authority to supersede the board of a multi-state co-operative bank for a period extending beyond the six-month ceiling prescribed underAr...

India - Supreme Court • Article 243ZL and Section 36AAA Banking Regulation Act • 05 Sep 2026
High Court of J&K and Ladakh Quashes J&K Bank Employee's Dismissal for Lack of Proper Investigation

High Court of J&K and Ladakh Quashes J&K Bank Employee's Dismissal for Lack of Proper Investigation

#JammuAndKashmirBank #Clause1229

High Court of J&K and Ladakh Quashes J&K Bank Employee's Dismissal for Lack of Proper InvestigationIn a significant ruling that underscores theprocedural safeguardsfor bank employees, theHigh Court of Jammu & Kashmir and Ladakhquashed thesummary dismissalof a Deputy General Manager of theJamm...

India - High Court of Jammu and Kashmir • Clause 12.29 of Officers Service Manual, Article 311(2)(c) of Constitution of India • 05 Sep 2026
Bombay High Court Quashes ₹100 Crore Freeze on Coda Payments Over PMLA Section 8(2) Failure

Bombay High Court Quashes ₹100 Crore Freeze on Coda Payments Over PMLA Section 8(2) Failure

#PMLA #ProceedsOfCrime

Bombay High Court Quashes ₹100 Crore Freeze on Coda Payments Over PMLA Section 8(2) FailureTheBombay High Courthas set aside the freezing of bank accounts and payment gateway accounts ofCoda Payments India Pvt. Ltd., holding that theAdjudicating Authorityfailed to record the mandatory finding...

India - High Court of Bombay • Section 8(2) of the Prevention of Money Laundering Act, 2002 • 05 Sep 2026
Appointments Cannot Be Cancelled By Appointing Authority Merely On Direction Of State Govt: Allahabad High Court

Appointments Cannot Be Cancelled By Appointing Authority Merely On Direction Of State Govt: Allahabad High Court

#ServiceLaw #AllahabadHighCourt

Appointments Cannot Be Cancelled By Appointing Authority Merely On Direction Of State Govt: Allahabad High CourtIn a significant ruling reinforcing the independence of appointing authorities, theAllahabad High Court<...

India - High Court of Allahabad • Uttar Pradesh Cooperative Societies Act, 1965 • 05 Sep 2026
NCLAT Expunges Adverse Remarks Against Resolution Professional Ashish Rathi Over Clerical Error

NCLAT Expunges Adverse Remarks Against Resolution Professional Ashish Rathi Over Clerical Error

#InsolvencyLaw #NCLAT

NCLAT Expunges Adverse Remarks Against Resolution Professional Ashish Rathi Over Clerical ErrorThe National Company Law Appellate Tribunal (NCLAT) at Delhi has set aside adverse judicial remarks made against a former

India - National Company Law Tribunal • CIRP • 04 Sep 2026
Byju's K3 RP Claims ₹150 Crore Assets Auctioned for ₹16 Crore; NCLT Orders Status Quo

Byju's K3 RP Claims ₹150 Crore Assets Auctioned for ₹16 Crore; NCLT Orders Status Quo

#NCLT #InsolvencyAndBankruptcyCode

Byju's K3 RP Claims ₹150 Crore Assets Auctioned for ₹16 Crore; NCLT Orders Status QuoBengaluru, August 31, 2026– The National Company Law Tribunal (NCLT), Bengaluru Bench, has directed the Resolution Professional (RP) of Byju's parent compa...

India - National Company Law Tribunal • Section 9 of IBC, Corporate Insolvency Resolution Process • 04 Sep 2026
NCLT Mumbai Directs Former Directors and Kyata Advisors to Pay ₹344.58 Crore for Fraudulent Diversion

NCLT Mumbai Directs Former Directors and Kyata Advisors to Pay ₹344.58 Crore for Fraudulent Diversion

#Section66IBC #FraudulentTrading

NCLT Mumbai Directs Former Directors and Kyata Advisors to Pay ₹344.58 Crore for Fraudulent DiversionIn a significant ruling under the Insolvency and Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT) Mumbai Bench has directed two former directors of Notion Re...

India - National Company Law Tribunal • Section 66 of the Insolvency and Bankruptcy Code, 2016 • 04 Sep 2026
NCLAT Rejects Moving Pixels' Ignorance Plea, Upholds Return of ₹80 Lakh Received During Moratorium

NCLAT Rejects Moving Pixels' Ignorance Plea, Upholds Return of ₹80 Lakh Received During Moratorium

#InsolvencyAndBankruptcyCode #MoratoriumViolation #NCLAT

NCLAT Rejects Moving Pixels' Ignorance Plea, Upholds Return of ₹80 Lakh Received During MoratoriumThe National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by Moving Pixels Pvt. Ltd., upholding an order directi...

India - National Company Law Tribunal • Section 14 Moratorium, Section 60(5) IBC • 04 Sep 2026
Delhi High Court Quashes Customs Demand Against Jaiprakash Associates After Unfiled Pre-CIRP Claim Extinguished

Delhi High Court Quashes Customs Demand Against Jaiprakash Associates After Unfiled Pre-CIRP Claim Extinguished

#IBC #DelhiHighCourt

Delhi High Court Quashes Customs Demand Against Jaiprakash Associates After Unfiled Pre-CIRP Claim ExtinguishedThe Delhi High Court has ruled that customs authorities cannot enforce a pre-insolvency claim against a corporate debtor after ...

India - High Court of Delhi • Section 31(1) and Section 238 of Insolvency and Bankruptcy Code, 2016 • 04 Sep 2026
NCLT Indore Bench Admits Insolvency Plea Against Satiate Agri Ltd for Rs. 6.27 Crore Default

NCLT Indore Bench Admits Insolvency Plea Against Satiate Agri Ltd for Rs. 6.27 Crore Default

#InsolvencyAndBankruptcyCode #Section7IBC

NCLT Indore Bench Admits Insolvency Plea Against Satiate Agri Ltd for Rs. 6.27 Crore DefaultThe Indore Bench of the National Company Law Tribunal (NCLT) has admitted a corporate insolvency resolution process (CIRP) pe...

India - National Company Law Tribunal • Initiation of CIRP under Section 7 IBC • 04 Sep 2026
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