NFCL plea against ICICI Bank dismissed
2 years, 2 months ago

NFCL plea against ICICI Bank dismissed

Deccan Chronicle  

Hyderabad: Justice K. Lakshman of the Telangana High Court dismissed a writ petition filed by Nagarjuna Fertilisers and Chemicals Ltd., against ICICI Bank Ltd. On a detailed analysis, the judge recorded that NFCL had failed to make multiple payments and had “committed various breaches of other terms and conditions”. Justice Lakshman referred to circulars issued by the RBI on the methodology of executing Corrective Action Plan and noted that NFCL had availed the CAP term loan but was in default. The judge rejected the plea that the writ petition was not maintainable against a private bank since the court had to examine whether or not a private bank failed to comply with statutory obligations cast on it by the RBI.

Nfcl  nfcl  rejected  writ  dismissed  petition  justice  private  lakshman  plea  bank  rbi  icici

History of this topic

Correct Writ Prayer, HC Directs
1 year, 3 months ago

Correct Writ Prayer, HC Directs

Deccan Chronicle  

HYDERABAD: A two-judge bench of the Telangana High Court on Monday granted the opportunity to a practising advocate of the Central Administrative Tribunal to amend his prayer, if necessary, in a writ petition essentially assailing the appointment of Ranjan Misra as judicial member of the CAT. HC allows writ petition if CM, CS removed as parties A two-judge bench of …

Telangana HC questions police for attaching bank account
1 year, 5 months ago

Telangana HC questions police for attaching bank account

Deccan Chronicle  

HYDERABAD: Justice C. V. Bhasker Reddy of the Telangana High Court questioned the police for seizing the bank account of a Nizamabad resident. No paramilitary quota in med courses A two-judge bench of the Telangana High Court dismissed a writ petition challenging the non-inclusivity of children of paramilitary forces for admissions in the category reserved for armed forces. HC junks …

Telangana HC slams PIL seeking speedy trial in Jagan assets cases
1 year, 7 months ago

Telangana HC slams PIL seeking speedy trial in Jagan assets cases

Deccan Chronicle  

HYDERABAD: The Telangana High Court on Monday refused to entertain a plea or even direct the court registry to allot a registration number to a petition requesting direction to the CBI court in Hyderabad to expedite trial in cases pertaining to Y.S. The division bench of Chief Justice Ujjal Bhuyan and Justice N. Tukaramji faulted petitioner Chegondi Venkata Harirama Jogaiah, …

'Will Not take Any Coercive Action Against Former ICICI Bank CEO Chanda Kochhar In Money Laundering Case': ED Tells Supreme Court
4 years, 1 month ago

'Will Not take Any Coercive Action Against Former ICICI Bank CEO Chanda Kochhar In Money Laundering Case': ED Tells Supreme Court

Live Law  

The Supreme Court on Friday was informed by the ED that no coercive action would have proceeded against former ICICI Bank CEO and MD Chanda Kochhar in a money laundering case. The bench of Justices S. K. Kaul, Dinesh Maheshwari and Hrishikesh Roy was told that the agency would not take any coercive step in connection with the ICICI Bank-Videocon …

Plea Seeking Extension of The Benefits Of RBI Circular on Loan Moratorium To All NBFCs: SC Issues Notice
4 years, 8 months ago

Plea Seeking Extension of The Benefits Of RBI Circular on Loan Moratorium To All NBFCs: SC Issues Notice

Live Law  

The Supreme Court has issued notice to the Centre and Reserve Bank of India in a plea by The Confederation of Real Estate Developers' Associations of India which sought for clarification regarding whether all NBFCs were eligible for loan moratorium or whether banks had the discretion to give the benefit. On March 27, in wake of the COVID-19 pandemic and …

‘Kochhar’s plea needs judicial intervention’
4 years, 10 months ago

‘Kochhar’s plea needs judicial intervention’

The Hindu  

The senior counsel appearing for Chanda Kochhar, the former managing director and chief executive officer of ICICI Bank, told the Bombay High Court on Friday that her plea requires judicial intervention and concluded arguments on the maintainability of her petition. Karnik was hearing a petition filed by Ms. Kochhar on November 20, 2019, challenging her termination by ICICI Bank and …

ICICI Bank moves NCLAT to expedite insolvency plea against Jaiprakash Associates
5 years, 6 months ago

ICICI Bank moves NCLAT to expedite insolvency plea against Jaiprakash Associates

Live Mint  

New Delhi: Private sector lender ICICI Bank Monday approached the National Company Law Appellate Tribunal, seeking a direction to NCLT, Allahabad to expedite the hearing on its insolvency petition against Jaypee group firm Jaiprakash Associates Ltd. In September 2018, ICICI Bank had filed a petition before the Allahabad bench of National Company Law Tribunal seeking to start insolvency proceedings of …

NCLT admits ICICI Bank’s insolvency plea against Punj Lloyd
5 years, 10 months ago

NCLT admits ICICI Bank’s insolvency plea against Punj Lloyd

Live Mint  

New Delhi: In a setback to Punj Lloyd Ltd, National Company Law Tribunal on Friday admitted an insolvency plea against the engineering and construction firm filed by ICICI Bank Ltd. A two-member principal bench headed by president Justice M.M. "We hereby inform you that NCLT Principal Bench, New Delhi vide order pronounced on March 8, 2019, has admitted the petition …

SC Dismisses Plea Against FM Arun Jaitley On NPAs With 50K Cost, Restrains Petitioner ML Sharma From Filing PILs Till Payment Of Cost
6 years, 1 month ago

SC Dismisses Plea Against FM Arun Jaitley On NPAs With 50K Cost, Restrains Petitioner ML Sharma From Filing PILs Till Payment Of Cost

Live Law  

The Supreme Court on Friday dismissed a PIL contending that Finance Minister Arun Jaitley has “plundered” the RBI in waiving off the loans of certain companies.Further, Chief Justice Ranjan Gogoi came down heavily on Advocate and petitioner-in-person M. L. Sharma for the joinder as a respondent to his plea of the FM in person.“Why are you attacking individuals? The Supreme …

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