The Supreme Court directed actor Rajpal Yadav to deposit Rs 1.15 crore immediately in connection with seven cheque dishonour cases, with another Rs 85 lakh due Monday. The Bench warned his three-month sentence could be enhanced to two years over non-compliance
The Supreme Court referred to a larger bench key questions on whether insolvency moratorium provisions under the Insolvency and Bankruptcy Code can stay cheque bounce proceedings under the Negotiable Instruments Act, including cases involving company directors and compensation recovery during insolvency proceedings
Hyderabad: According to the Reserve Bank of India’s (RBI) calendar of holidays, banks will be closed for a total of 18 days in August including six-weekend leaves. Many bank holidays are regional and differ from state to state and bank to bank. The RBI has classified the holidays into three categories: holidays under the Negotiable […]
Hyderabad: As per the Reserve Bank of India’s (RBI) holiday list, all private and public banks across India will be closed for 12 days in February. However, banking activities and ATMs will continue to function. The RBI characterises holidays based on Holiday under Negotiable Instruments Act, Banks’ Closing of Accounts and Holiday under Negotiable Instruments […]
