Aiming to curb the situation of the current liquidity crisis in the NBFCs sector of the country, the Reserve Bank of India (RBI), once again, in a gap of 6 months has extended the relaxation to NBFCs with regards to the Minimum Holding Period (MHP) requirements originating on NBFCs. As a quick recollection of the […]
-Richa Saraf (resolution@vinodkothari.com) It is a well settled principle that a writ petition may be entertained by the High Courts only in absence of any efficacious alternate remedy. However, one of the exceptions to the said rule is where there is lack of jurisdiction on the part of the statutory/ quasi- judicial authority, against whose […]
BACKGROUND The Reserve Bank of India (RBI) has vide its notification[1] dated December 24, 2019, introduced a new kind of semi-closed Prepaid Instrument (PPI) which can only be loaded from a bank account and used for purchase of goods and services and not for funds transfer. This PPI has been introduced in furtherance of Statement […]
