Constitution of India – Article 142–Motor Vehicles Act, 1988–Sections 147, 149, 166 and 168–Insurance Act, 1938–Section 64VB–Compensation–Liability of insurer–Premium paid by cheque–But cheque dishonoured–Insurance policy
Day: April 4, 2018
Whether Insurance Company, was absolved of its obligations to third party because cheque given got dishonoured –Source Manupatra–decided by Supreme Court on 17.04.2012
Held, Section 64VB of Insurance Act provided that no risk was assumed by insurer unless premium payable was received in advance – Where policy of
Whether dishonour of post-dated cheque described as security in loan agreement is covered by Section 138 of Act, 1881 ?–Source Manupatra–Case decided by Supreme Court on 19.09.2016
Facts of the case The Appellant was Director of the company whose cheques have been dishonoured and who was also the co-accused. Vide the loan
आर्थिक वर्षाची ‘भेट’ – महाराष्ट्र टाइम्स –04.04.2018
पेट्रोलच्या दरात होणारी वाढ ही केंद्र सरकारच्या, सरकार चालवण्यात येत असल्याच्या अपयशाचा पुरावा आहे. त्याविरोधात जनतेमध्ये प्रचंड असंतोष आहे. इतर वस्तूंवर तसेच सरकारवरही त्याचे ओझे
AADHAAR: Aadhaar law is just, fair & reasonable: Centre to SC – The Economic Times–04.04.2018
The Centre today justified the Aadhaar Act in the Supreme Court, saying it was a “fair and reasonable law” which complied with the tests prescribed by the historic
Insolvency and Bankruptcy Code: IBC panel suggests treating home buyers as financial creditors – The Economic Times–04.04.2018
Wilful defaulters and those whose accounts have been classified as non-performing assets, among others, are barred from bidding for stressed assets. Home buyers should be
Insolvency | Bankruptcy Law: IBC panel recommends changes to revamp insolvency resolution process–Economic Times–04.04.2018-R
Watch IBC revamp details as panel recommends changes in resolution process The MS Sahoo-led Insolvency and Bankruptcy panel has recommended changes to the insolvency resolution framework in its report
For a deeper market for stressed assets–Economic Times–04.04.2018
Tweaks to eligibility and bidding norms under the Insolvency and Bankruptcy Code must be subservient to the core public policy goal of the process: maximising
Careful not to spook bankers, will hit lending – The Financial Express–04.04.2018
At a time when PSU banks are already reeling under the onslaught of bad news, the last thing they need is to feel that every
GST: Need to revisit the complex system – The Financial Express–04.04.2018
Even after nine months of unveiling the GST, the system continues to be unsettled, and there is a palpable sense of uneasiness among the governments
UIDAI unfurls beta version of Virtual ID; can be used in place of Aadhaar | Business Standard News–04.04.2018
The UIDAI has unveiled the beta version of the much-awaited ‘Virtual ID’, and promised that service providers will “soon” start accepting the same in lieu of Aadhaar number.
Export push: Portals unveiled to expedite certification, check non-compliance – Business Line–04.04.2018
The Export Inspection Council, the export certification body of the government, has launched three portals for faster certification of food and farm products and efficient
MSME Ministry working on certification of credit worthiness of small businesses – Business Line–04.04.2018
To help small businesses borrow from banks, the Ministry of Micro, Small and Medium Enterprises (MSME) is working on a portal that will certify the
Financial inclusion – the road ahead – Business Line–04.04.2018
Democratisation of credit and financialisation of savings are critical for a financially inclusive India Financial inclusion has been recognised as a key building block which
Stressed bank loans at Rs 9.5 trn in Dec, PSB loans account for Rs 8 trn | Business Standard News–04.04.2018
Soured loans at India’s banks rose in the three months to December to Rs 9.5 trillion ($145.9 billion), after declining from record high levels in the previous
Several systemic loopholes led to PNB loan fraud, says ICAI panel–Business Today–04.04.2018
A high-power group, constituted by the Institute of Chartered Accountants of India (ICAI) to look into the PNB loan fraud case, has found systemic failure at many
Responsible lending: Need of the hour for India- Business News–04.04.2018
In an era, where banks and financial institutions are grappling to come to terms with an onslaught of frauds and irresponsible behaviour, a lot is
