Constitutional validity of Sections 35AA and 35AB of the Banking ...

Court Strikes Down RBI Circular on Stressed Assets; Sections 35AA and 35AB of Banking Regulation Act Challenged.

April 4, 2019

Case Laws Indian Laws SC

Constitutional validity of Sections 35AA and 35AB of the Banking Regulation Act, 1949 - Reserve Bank of India (RBI) Circular issued on 12.02.2018, by which the RBI promulgated a revised framework for resolution of stressed assets - circular quashed.

View Source

← Previous Next →

Constitutional validity of Sections 35AA and 35AB of the Banking ...

Court Strikes Down RBI Circular on Stressed Assets; Sections 35AA and 35AB of Banking Regulation Act Challenged.

April 4, 2019

Case Laws Indian Laws SC

You may also like:

As per CBDT circular and section 45Q of the RBI and prudential Norms issued by the RBI interest income could not be accured on Non Performing Assets (NPA) by Banks as...

This case pertains to a writ petition filed by a company invoking Article 226 of the Constitution, seeking directions to the Reserve Bank of India (RBI) to initiate...

Cancellation of licence of the CKP Co-operative Bank Limited to carry on the banking business in India - The RBI has rightly exercised its powers and had complied with...

The Reserve Bank of India (RBI) issued Circular, addressing Scheduled Commercial Banks, Primary (Urban) Cooperative Banks, State Cooperative Banks, and Exim Bank...

Restriction on having current account with other banks if that customer already had credit facilities in the form of Cash Credit/Export Packing Credit (CC/EPC) in the...

Master Circular on Wilful Defaulters - dis-closer of information by the Bank to RBI - FWilful defaults of parties of dues under a derivative transaction with a bank are...

The Reserve Bank of India (RBI) issued Circular No. 11 on June 11, 2024, allowing Scheduled Commercial Banks with AD Category-I license to open additional current...

Demonetization - Scope of the term "Any" - Validity of N/N. 3407(E) dated 8th November 2016, issued by the Central Government in exercise of the powers conferred by...

The summary focuses on various issues related to the taxation of banks, covering disallowances u/s 14A, interest deductibility on IPDI bonds, taxation of bad debt...

TDS u/s 194H - Addition u/s 40(a)(ia)- assessee has paid Bank Guarantee Commission to Scheduled Banks approved by RBI - In the present case it is one of the banking...

Grant of Moratorium due to COVID-19 pandemic situation - Restraint on respondent from recovering loan repayment instalments/EMI due - RBI Circular dated 27.03.2020 -...

Exim Bank's Line of Credit (LOC) of USD 20 million to Nigerian Export-Import Bank - Circular

The High Court's judgment addressed the interpretation of Section 43A regarding losses arising from exchange rate fluctuations on foreign currency loans utilized for...

Declaration of Petitioner as a Wilful Defaulter under the Master Circular on Wilful Defaulters, 2015 - depriving the Petitioner from availing credit facilities for his...

The Court held that imposing a condition of furnishing a bank guarantee while granting bail is illegal. The Apex Court, in Subhash Chouhan v. Union of India, ruled that...

Quick Updates: