INFORM: Infrastructure Projects & Finance – October 2023

We present you the October 2023 issue of the ‘Inform: Infrastructure Projects & Finance’ publication. With these newsletters, we bring you the latest updates on the dynamic intersection of infrastructure projects with banking and finance. Join us to navigate the evolving landscape of infrastructure curated to empower you with strategic intelligence.

The highlights of the current issue are:

Notifications/ Circulars – 

• Directions Issued on Release of Property Documents on Repayment of Personal Loans
• Discontinuance of Incremental Cash Reserve Ratio (I-CRR)
• Draft Master Direction on Treatment of Wilful Defaulters and Large Defaulters Released
• Display of Information of Secured Assets Possessed Under SARFAESI Act
• Withdrawal of ₹2000 Denomination Banknotes from Circulation
• Usage of Fly ash in National Highway Construction

Case Laws – 

• Liquidator Cannot Cancel a Valid Auction in Anticipation of Higher Bid
• Criminal Liability Cannot be Fastened on Transferee Bank in Non-Voluntary Amalgamation by RBI
• Borrower’s Right of Redemption Extinguishes on Publication of Auction Notice
• Reasonable Liquidated Damages Allowed in Case of Delayed Supply

Quick Reads – 

• RBI Imposes Penalties on Four Co-operative Banks for Regulatory Compliance Breaches
• RBI Unveils List of 15 NBFCs in ‘Upper Layer’ Category