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

Delhi High Court Asks RBI to Mediate PayU's ₹6.88 Crore IRF Dispute with Banks, Visa

Delhi High Court Asks RBI to Mediate PayU's ₹6.88 Crore IRF Dispute with Banks, Visa

#IRFDispute #PaymentSystemsAct

Delhi High Court Asks RBI to Mediate PayU's ₹6.88 Crore IRF Dispute with Banks, VisaThe Delhi High Court has directed the Reserve Bank of India (RBI) to step in as a mediator in a dispute between payment aggregator PayU Payments Private...

India - High Court of Delhi • Interchange Reimbursement Fee and Section 24 of Payment and Settlement Systems Act • 16 Sep 2026
KK Praveen Loses Challenge: Supreme Court Says SARFAESI Act Overrides DRT Decree

KK Praveen Loses Challenge: Supreme Court Says SARFAESI Act Overrides DRT Decree

#SARFAESIAct #OverridingEffect

KK Praveen Loses Challenge: Supreme Court Says SARFAESI Act Overrides DRT DecreeIn a significant ruling reinforcing the primacy of theSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002(SARFAESI Act), theSupreme Courthas dismissed a writ petiti...

India - Supreme Court • Section 35 of SARFAESI Act • 16 Sep 2026
Is EPF Penalty Mandatory for Delayed Payment? Supreme Court Refers Key Question to Larger Bench

Is EPF Penalty Mandatory for Delayed Payment? Supreme Court Refers Key Question to Larger Bench

#EPFPenalty #SupremeCourtReference

Is EPFPenaltyMandatory for Delayed Payment?Supreme CourtRefers Key Question to Larger BenchA bench of Justices JB Pardiwala and K Vinod Chandran has cast doubt on theautomatic imposition ofdamagesfor delayed provident fund deposits, referring the question of discretion underSection 14B of the...

India - Supreme Court • Section 14B of Employees' Provident Funds and Miscellaneous Provisions Act, 1952 • 16 Sep 2026
Rajasthan High Court Directs Police to Restore Bank's Possession Forcibly Taken by Loan Defaulters

Rajasthan High Court Directs Police to Restore Bank's Possession Forcibly Taken by Loan Defaulters

#SARFAESIAct #RajasthanHighCourt

Rajasthan High CourtDirects Police to Restore Bank's Possession Forcibly Taken by Loan DefaultersIn a significant ruling that reaffirms the primacy of law over brute force, theRajasthan High Courthas directed the police to restore possession of a mortgaged property toIndusind Bank Limitedafte...

India - High Court of Rajasthan • Section 14 SARFAESI Act • 16 Sep 2026
Parliament's Amendment to PSS Act Removes Zero-MDR Bar, Paving Way for Merchant Fees

Parliament's Amendment to PSS Act Removes Zero-MDR Bar, Paving Way for Merchant Fees

#MDR #PaymentSystemsAct

Parliament's Amendment toPSS ActRemovesZero-MDRBar, Paving Way for Merchant FeesIn a move that signals the end of an era for India's digital payments landscape, Parliament has amendedSection 10A of thePayment and Settlement Systems Act, 2007, removing thestatutory prohibitionon charging users...

India - Consumer • Merchant Discount Rate (MDR) and Section 10A of the Payment and Settlement Systems Act, 2007 • 15 Sep 2026
Centre Notifies Statutory Ban on UPI Charges Up to Rs 2,000 and RuPay Debit Cards

Centre Notifies Statutory Ban on UPI Charges Up to Rs 2,000 and RuPay Debit Cards

#PaymentAndSettlementSystemsAct #UPI

Centre Notifies Statutory Ban on UPI Charges Up to Rs 2,000 and RuPay Debit CardsIn a significant move that cements the government’s commitment to affordable digital payments, theMinistry of Financehas issued a formal notification underSection 10A of thePayment and Settlement Systems Act, 200...

India - Latest News • Section 10A Payment and Settlement Systems Act • 15 Sep 2026
Positron Biogenics Wins Refund: NCLT Says UPSIDA Cannot Claim Pre-CIRP Dues From Auction Purchaser

Positron Biogenics Wins Refund: NCLT Says UPSIDA Cannot Claim Pre-CIRP Dues From Auction Purchaser

#InsolvencyLaw #Section53IBC

Positron Biogenics Wins Refund: NCLT SaysUPSIDACannot ClaimPre-CIRP DuesFrom Auction PurchaserTheAllahabad bench of theNational Company Law Tribunal (NCLT)has delivered a significant ruling in favour of auction purchasers in insolvency cases, holding thatpre-CIRP duesof acorporate debtorcanno...

India - National Company Law Tribunal • Section 53 of the Insolvency and Bankruptcy Code, 2016 • 15 Sep 2026
NCLT Hyderabad Rejects Liquidator's Bid to Declare DQ Entertainment Transactions Fraudulent Under IBC

NCLT Hyderabad Rejects Liquidator's Bid to Declare DQ Entertainment Transactions Fraudulent Under IBC

#IBC #NCLT

NCLT HyderabadRejects Liquidator's Bid to Declare DQ Entertainment Transactions Fraudulent Under IBCTheHyderabad Bench of the National Company Law Tribunal(NCLT) has dismissed two applications filed by the liquidator ofDQ Entertainment (International) Limited, rejecting allegations that forme...

India - National Company Law Tribunal • Section 66, 43, 45 of Insolvency and Bankruptcy Code, 2016 • 15 Sep 2026
NCLT Ahmedabad Bars Income Tax Department From Adjusting Refund Against Pre-CIRP Dues During Moratorium

NCLT Ahmedabad Bars Income Tax Department From Adjusting Refund Against Pre-CIRP Dues During Moratorium

#IBC #Moratorium

NCLT Ahmedabad BarsIncome Tax DepartmentFrom Adjusting Refund AgainstPre-CIRP DuesDuringMoratoriumMoratoriumShield Prevails: NCLT Strikes Down IT Department's Refund AdjustmentTheAhmedabad bench of the National Company Law Tribunal(NCLT) has delivered a significant ruling reinforcing the prot...

India - National Company Law Tribunal • Section 14 Moratorium IBC • 15 Sep 2026
NCLT Hyderabad Replaces Liquidator of Tirumala Hills Asphalat Pvt Ltd for Failing to Enforce Orders

NCLT Hyderabad Replaces Liquidator of Tirumala Hills Asphalat Pvt Ltd for Failing to Enforce Orders

#Liquidation #NCLT

NCLT Hyderabad Replaces Liquidator of Tirumala Hills Asphalat Pvt Ltd for Failing to Enforce OrdersTheNational Company Law Tribunal (NCLT), Hyderabad Bench, has taken a firm stand against a liquidator who relied solely on emails and notices to enforce court orders, replacing him fo...

India - National Company Law Tribunal • Section 9 of the Insolvency and Bankruptcy Code, 2016 • 15 Sep 2026
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