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Nifty Group: Exploring Materiality Dynamics in Top Companies’ Policies on Related Party Transactions
Introduction The concept of materiality serves as a cornerstone in corporate governance, particularly concerning related party transactions (RPTs), where transparency and accountab
FPIs’ Navigating New Cross-Border Horizons: SEBI’s Amended Disclosure Norms
Introduction The Securities Exchange Board of India (SEBI) recently issued a Circular dated March 20, 2024, marking a significant milestone in the regulatory framework governing Fo
Forfeiture of Earnest Money: Legal Insights in SARFAESI Proceedings
Introduction The recent Supreme Court judgment addressing appeals concerning the forfeiture of earnest money deposit by a Nationalized Bank in a property auction under the Securiti
How Tribunals Decide What Qualifies as Financial Debt under the IBC: Deposits, Guarantees and Assured Returns
Two creditors may be owed identical sums by the same company and yet occupy entirely different positions in its insolvency: one sits on the committee of creditors and votes on the
Is a Profit-Sharing Investment a Financial Debt under the IBC? Joint Ventures, Section 5(8) and the Realpro Realty Decision
Two parties pool money to develop a property. One puts in seventy-five per cent, the other twenty-five. They share costs, profits and losses in the same ratio. The document calls t
A SARFAESI Auction That Closed Before the Moratorium: What Haldiram Incorporation Actually Decided
A bank enforces its security under the SARFAESI Act, sells the mortgaged property at auction, and issues a sale certificate. Days later, the borrower is admitted into insolvency an
Agricultural Land Under the SARFAESI Act: A Comprehensive Legal Analysis
Introduction The Indian banking sector has long grappled with the challenge of recovering non-performing assets while navigating complex legal frameworks that protect certain categ
IRAC Norms RBI: NPA Classification and Provisioning Framework
Introduction The Indian banking sector has undergone significant regulatory transformation with the Reserve Bank of India’s landmark notification dated November 12, 2021, con
DRT Pecuniary Jurisdiction: ₹20 Lakh Threshold Explained
Introduction The intersection of debt recovery mechanisms and banking regulations in India has always been a subject of intense legal scrutiny. Among the most significant aspects o
IBC Section 96 Moratorium vs. Section 138 NI Act: Recent SC Position
Introduction The intersection of insolvency law and criminal liability for dishonoured cheques represents one of the most complex and evolving areas of Indian commercial jurisprude
