Procedure Prescribed Under CRPC Should Be Followed In Matters Of Penal Provisions Under Section 27 Of The Consumer Protection Act
A bench of the U.P. State Consumer Dispute Redressal Commission (“State Commission”), recently[1] set aside the order of conviction by the District Consumer Commission (“District Forum”) and held that the procedure prescribed under the Code
Presence of clear intention of parties and meeting of their minds, a pre-requisite to refer dispute(s)to arbitration: Calcutta High Court
Introduction In what could be touted as a significant ruling, the Calcutta High Court (“the HC”)in Blue Star Limited versus Rahul Saraf[1], echoed that there must be a definite and explicit intention of the parties
RBI recently issued guidelines on Default Loss Guarantee (DLG) in Digital Lending
The Reserve Bank of India (RBI) has recently issued guidelines on Default Loss Guarantee (DLG) in Digital Lending. DLG is a contractual arrangement between a Regulated Entity (RE) and an entity meeting certain criteria, under which
Delhi High Court On Scope Of Arbitrability Of Disputes Arising Out Of An Insurance Claim, When The Claim Is Partially Rejected
Introduction The Hon’ble Delhi High Court (“HC”) in a recent judgment of Shivalaya Construction Co. Pvt. Ltd. vs. National Insurance Company Ltd.[1],deliberated on the arbitrability and maintainability of a policyholder’s right to invoke arbitration in
Banks Have Discretion To Exclude Such Borrowers From The OTS Scheme Where The Chances Of Recovery Are High: J&K And Ladakh High Court
The Hon’ble Single Judge Bench of Jammu & Kashmir and Ladakh High Court, comprising of Justice Sanjay Dhar in Ghulam Ahmad Mir Vs J&K Bank & Ors.[i]vide order dated 26th April 2023 held that a
Writ Petition Under Article 226 Cannot Be Entertained When Alternative Statutory Remedy Is Available By Way Of Appeal Under Section 17 Of The Sarfaesi Act, 2002–Supreme Court
The Hon’ble Division Bench of Supreme Court comprising of Justice M.R. Shah and CT Ravikumar in G Vikram Kumar V State Bank of Hyderabad & Ors. vide order dated 02.05.2023[i] held that for any action
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