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Banks, NBFCs not bound to take revival measures for MSME before declaring it NPA: Bombay High Court - Vimarsana News

Banks, NBFCs not bound to take revival measures for MSME before declaring it NPA: Bombay High Court

The Court held that such a process under the MSMED Act could only be carried out on an application by an MSME. It rejected an argument by MSMEs that banks/NBFCs should mandatorily first adopt such restructuring measures.

Restructuring Not Mandatory - Vimarsana News

Restructuring Not Mandatory

    by adv. r. s. agrawal    in these group of petitions filed by several petitioners led by m/s a. navinchandra steels pvt. ltd and several others duly registered under the micro, small and medium enterprises devel

Banks/NBFCs Not Obliged To Initiate Restructuring Process Before Classifying MSME Account As NPA Sans Application From MSME: Bombay High Court - Vimarsana News

Banks/NBFCs Not Obliged To Initiate Restructuring Process Before Classifying MSME Account As NPA Sans Application From MSME: Bombay High Court

The Bombay High Court recently held that banks and non-banking financial companies (NBFCs) are not obligated to initiate restructuring process before classifying accounts of Micro, Small, and Medium...

Source: livelaw.in
Allahabad High Court Annual Digest 2023: Part II [Citations 257 - Vimarsana News

Allahabad High Court Annual Digest 2023: Part II [Citations 257

ORDERS/JUDGMENTS [NOMINAL INDEX PROVIDED AT THE BOTTOM] Beneficiary Of Acquired Land Cannot File Reference U/S 28A(3) Of Land Acquisition Act, 1894: Allahabad High Court Case Title: Rajendra...

Source: livelaw.in
Calcutta High Court Annual Arbitration Law Digest 2023 - Vimarsana News

Calcutta High Court Annual Arbitration Law Digest 2023

ORDERS/JUDGEMENTS1. Order Of Emergency Arbitrator In Foreign Seated Arbitration, Can Be Considered While Dealing With Section 9 Application: Calcutta High CourtCase Title: Uphealth Holdings Inc versus...

Source: livelaw.in