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7 NBFCs, including 2 from L&T Group Surrender Certificates, RBI Cancels Registration of 4 NBFCs

The Reserve Bank of India (RBI) has cancelled registration certificate of four non-banking finance companies (NBFC), two from Uttar Pradesh and one each from Bihar and West Bengal. Separately, the central bank has said that seven NBFCs, including L&T Finance Ltd and L&T Infra Credit Ltd have surrendered their registration certificate (CoR).
Uttar Pradesh Company Ltd Jinvani Trading Investment Company Pvt Ltd Uttar Nimisha Finance India Pvt Ltd Manjushree Fincap Pvt Ltd Suyash Finovest Pvt Ltd

Singapore Arbitration Centre dismisses Ashneer Grover's challenge, BharatPe case to continue

The Singapore International Arbitration Centre (SIAC) has dismissed Ashneer Grovers challenge to its jurisdiction on its power to decide on the claw back of his shares in the fintech unicorn BharatPe he co-founded.
Ashneer Grover Madhuri Jain Grover Delhi Police Economic Offences Wing Singapore International Arbitration Centre National Company Law Tribunal Delhi High Court

Union Govt Notifies Rules for Citizenship Amendment Act

The Union Home Ministry on Monday notified the rules for the Citizenship Amendment Act (CAA), paving the way for granting of citizenship to people of certain faiths facing persecution in neighbouring countries like Pakistan, Bangladesh, and Afghanistan and having moved to India before 2015.
Lok Sabha Amit Shah Union Home Ministry On Union Home Ministry Citizenship Amendment Act Home Minister Amit Shah

Maharashtra Chief Minister Eknath Shinde inaugurated the national commercial capital's first 'Mumbai Coastal Road' project's phase one's north-south arm connecting Worli-Marine Lines

Maharashtra Chief Minister Eknath Shinde inaugurated the national commercial capital’s first ‘Mumbai Coastal Road’ project’s phase one’s north-south arm connecting Worli-Marine Lines, here on Monday.
Arabian Sea India General Malabar Hill Marine Lines Uddhav Thackeray Chhatrapati Sambhaji Maharaj

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ICICI Bank Asked To Pay Balance Rs2.90 Lakh Wrongly Transferred to Other Account with 9% Interest

While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed ICICI Bank Ltd to refund the balance of Rs2.90 lakh with an interest of 9%pa (per annum) from the wrongly transferred Rs4.50 lakh from its customers account.
Vikas Goyal Laxman Singh Chahar Kasturi Sons Ltd Bank Ltd Vikas Impex Ltd Haryana Based Vikas Goyal

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