Sec. 138 of Negotiable Instruments Act – In exceptional case, HC can suspend sentence for cheque bounce without insisting on minimum 20 per cent deposit as required under section 148 of NI Act.
Jamboo Bhandari v. M.P. State Industrial Development Corporation Ltd. – [2023] 154 taxmann.com 268 (SC).
RBI issues directions that Regulated Entities must release property documents and remove charges within 30 days post full loan settlement.
Circular No. RBI/2023-24/60 DOR.MCS.REC.38/01.01.001/2023-24, dated 13-9-2023.
Sec. 138 of Negotiable Instruments Act – HC not justified in quashing cheque bounce complaint where it was issued to pay debt which was clearly not time-barred.
K. Hymavathi v. State of Andhra Pradesh – [2023] 154 taxmann.com 207 (SC).
ICAI issues Technical Guide on Audit of Non-Banking Financial Companies (Revised 2023 Edition).
RBI expands UPI functionality, allows transactions through pre-sanctioned credit lines issued by banks.
Circular No. RBI/2023-24/58 CO.DPSS.POLC.NO.S-567/02-23-001/2023-2024, dated 4-9-2023.