The Delhi High Court (HC) has said that the fundamental rights of a human can’t be taken away over non-payment of loans. The high court made this observation while quashing a Look Out Circular … READ FULL STORY
With a view to offer financial institutions a cushion in case of defaults, the government in 2002 came up with the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, … READ FULL STORY
As more Big Tech companies join the global layoff mayhem, about 3,000 tech employees are now being laid off per day on average in January globally, including in India. In 2022, over 1,000 companies … READ FULL STORY
The ongoing economic turmoil caused by the novel Coronavirus pandemic in India has resulted in increased home loan EMI payments failure, forcing banks to resort to other recovery processes. One of these is the … READ FULL STORY
Parties involved in real estate transactions, often hear many unique sector-related terms. This may often be confusing, especially for first-time buyers during an already complicated and stressful home-buying journey. In this article, we simplify … READ FULL STORY
Cracking the whip for their ‘lethargic indifference’, the Securities and Exchange Board of India (SEBI), on December 26, 2019, slapped a penalty of Rs 25 lakhs each on ICRA, CARE, and India Ratings & … READ FULL STORY
The cabinet headed by prime minister Narendra Modi, on May 23, 2018, approved the promulgation of an ordinance to amend the Insolvency and Bankruptcy Code 2016 (IBC), minister for law and justice Ravi Shankar … READ FULL STORY
From bad loans and loan defaulters, to financial frauds and embezzlement, the Indian banking system seems to be in a crisis mode. Needless to say, it will have a cascading effect on most sectors, … READ FULL STORY
