Insights

INFORM: Infrastructure, Projects & Finance – April 2024

The highlights of the current issues are:

Case laws:

  • Complaint Against Bounced Cheque to Be Filed Within One Month of Cause of Action
  • Refund of Interest Cannot Be Sought After Consenting to Terms in Loan Agreement
  • Bank May Enter into One Time Settlement with Borrower if Auction Sale Not Confirmed
  • Deductions From Performance Security to Be Made Within Period Specified in Contract
  • Limitation For Loan Recovery Suit to Be Computed from Date of Issuance of Loan Recall Notice

Notifications/circulars:

  • Agreements with Card Networks for Issuance of Credit Cards
  • Master Direction on Card Issuance and Conduct Guidelines for 2022 Amended
  • Additional Performance Security in Case of Abnormally Low Bid
  • Ministry of Road Transport and Highways amends Model Concession Agreements for BOT and TOT Models
  • RBI Revises Regulations for Bank Investments in Alternative Investment Funds
  • Government Mandates Bridge Sensor Installations

 

Quick Reads:

  • RBI Prohibits JM Financial from Providing Loans Against Shares and Debentures
  • NaBFID is Required to Establish a Credit Enhancement Facility
  • Cintra to Acquire a 24% Stake in IRB Infra Trust from GIC
  • NaBFID and Axis Bank to lend Rs 3,790 Crore to DP World for Building Box Terminal at Tuna-Tekra
  • RBI Broadens Monitoring of Credit ‘Exuberance’
  • RBI Imposes Penalties on Tamilnad Mercantile Bank and DCB Bank for Violating Regulations
  • NHIT Raises Over Rs 16,000 Crore for NHAI Road Acquisition