Insights

INFORM: Infrastructure, Projects & Finance – July 2024

The highlights of the current issues are:

Case laws:

  • Provision of Clear and Justified Reason for Rejection of Bid Fundamental to Transparency in Tender Process
  • Invalid Cheques do not Attract Liability Under Section 138 Of NI Act
  • Developmental Projects Cannot Be Stopped on the Basis of Unverified Claims
  • Final Approval of Resolution Plan Extinguishes All Prior Claims

Notifications/circulars:

  • RBI Revises Definition of Bulk Deposits
  • RBI Amends Master Directions on Priority Sector Lending
  • RBI Expands Facility for International Trade Settlement in Indian Rupees
  • RBI Updates Foreign Exchange Management Guidelines for Overseas Investments
  • New Guidelines for Shoulder Widths on National Highways Announced

Quick Reads:

  • SEBI Relaxes Timelines for Foreign Portfolio Investors’ Disclosures
  • IBBI Issues New Guidelines for Appointing Insolvency Professionals
  • RBI Cancels License of Purvanchal Co-operative Bank, Initiates Liquidation Process
  • IRB Infra Sees ₹2,656 Crore Block Deals as Cintra Offloads 6.8% Stake
  • HTL and Affiliates Penalised for Delisting and Disclosure Violations