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Supreme Court Monthly Digest April 2024

Supreme Court Monthly Digest April 2024
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Himachal Pradesh , Uttar Pradesh , State Of Haryana , State Of West Bengal , West Bengal , State Of Karnataka , State Of Rajasthan , Andhra Pradesh , State Of Uttar Pradesh , State Of Uttarakhand , State Of Chhattisgarh , State Of Tamil Nadu , Tamil Nadu , India General , Madhya Pradesh , State Of Kerala , State Of Arunachal Pradesh , Arunachal Pradesh , State Of Madhya Pradesh , Munish Kumar Gupta , Naulak Khamsuanthang , Khengarbhai Lakhabhai Dambhala , Sharmila Das , Karim Uddin Barbhuiya , Manish Kumar Chanchal , Sharif Ahmed ,

'Will take necessary remedial steps': ECL Finance on RBI restrictions

The Reserve Bank of India (RBI) on May 29 directed ECL Finance Ltd (ECL) to cease and desist, with immediate effect, from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/or closure of accounts in its normal course of business. ....

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Asset Reconstruction Companies not working as per their mandate to reconstruct and recover stressed assets: RBI

Asset Reconstruction Companies not working as per their mandate to reconstruct and recover stressed assets: RBI
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Swaminathan Janakiraman , Asset Reconstruction Company , Asset Reconstruction Companies Arcs , India Debt Resolution Company Limited , Union Budget , Canara Bank , National Asset Reconstruction Company Limited , Conference Of Asset Reconstruction Companies Arcs , Reserve Bank , Asset Reconstruction Companies , Deputy Governor , Asset Reconstruction Company Limited , Non Performing Assets , Public Sector Banks , Private Banks , Financial Assets , Security Interest Act , Indian Banking ,

RBI imposes restrictions on ECL Finance, Edelweiss ARC due to material supervisory concerns

ECL Finance Ltd was barred from undertaking any structured transactions in respect of its wholesale exposures, while Edelweiss ARC was barred from buying stressed assets. ....

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RBI imposes restrictions on Edelweiss Group entities over supervisory concerns

The regulator said supervisory examinations had revealed that ECL Finance and Edelweiss Asset Reconstruction Co. had engaged in a series of structured transactions aimed at evergreening the stressed exposures of ECL ....

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