Archive for the Category ‘Banking Laws News’



Supreme Court suggests fine in cheque bounce cases

The Supreme Court has suggested that the Negotiable Instruments Act, 1881, could be amended so that a convict in a cheque bounce case is made to pay a fine from which the complainant can be paid a compensation.  "One other solution is a further amendment to the act so that in ...

Cabinet discusses black money issue after apex court rap

Cabinet discusses black money issue after apex court rap Prime Minister Manmohan Singh raised the issue of black money during a cabinet meeting here Thursday, a day after the Supreme Court queried why the government cannot name those involved in this $1.5-trillion "national plunder". The discussion came against the backdrop of the apex court coming down heavily on the government's ...

Banks asked to deposit Emaar MGF’s guarantee money with court

Banks asked to deposit Emaar MGF's guarantee money with court [caption id="attachment_8163" align="alignleft" width="318" caption="Emmar MGF"][/caption] The Delhi High Court Monday asked two state-run banks to deposit the Rs.93 crore bank guarantee of real estate giant Emaar MGF for constructing the Commonwealth Games (CWG) village with its registrar general till the disposal of a case relating to incomplete work at the ...

Security forces cannot solve every problem in Chhattisgarh: Court

Security forces cannot solve every problem in Chhattisgarh: Court [caption id="attachment_8120" align="alignleft" width="190" caption="Solicitor General (SG) Gopal Subramanium "][/caption] The apex court Friday observed that sending security forces to Maoist-affected Chhattisgarh for dealing with every problem would not lead to a solution. The court also wondered if there was no solution to the problem by which tribals displaced due to the ...

Citi banker accused of Rs.300 crore fraud gets six-day police remand

Citi banker accused of Rs.300 crore fraud gets six-day police remand Citibank manager Shivraj Puri, accused of masterminding a Rs.300 crore fraud, was handed a six-day police remand Thursday. 'Puri was produced in court and he has been remanded to six-day police custody,' Puri's lawyer Sartaj Baswana said. An official said police took Puri's custody to trace an iPad that contains important information. ...

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