Tag

Banking Regulation Act

Bharat Law Team

17 Sept·10 min read

'By Stealth, By Force, or in the Dead of Night': Supreme Court Curbs Illegal Vehicle Repossessions by Banks and NBFCs

Supreme Court awards Rs 10 lakh to a truck owner seized at 1am without notice, rules self-help repossession clauses must be strictly followed, and orders RBI to enforce its recovery guidelines.

Bharat Law Team

6 Sept·9 min read

Corporate & Commercial Law

Five Years, Not Six Months: Supreme Court Expands RBI's Grip on Multi-State Co-operative Banks

The Supreme Court holds RBI's power to supersede a multi-State co-operative bank's board runs for up to five years, not six months, and needs no state consultation.

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