{"id":82,"date":"2020-12-05T09:00:43","date_gmt":"2020-12-05T09:00:43","guid":{"rendered":"http:\/\/bankguru.net\/?page_id=82"},"modified":"2023-12-28T17:53:19","modified_gmt":"2023-12-28T17:53:19","slug":"banking-laws-bankguru-mahesh-kabra-and-associates","status":"publish","type":"page","link":"https:\/\/bankguru.net\/?page_id=82","title":{"rendered":"Banking Laws"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p class=\"has-large-font-size\"><strong><span class=\"has-inline-color has-vivid-red-color\"><strong>Banking &amp; Finance &#8211;                           Debts Recovery Matters<\/strong><\/span><\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Banking &amp; Finance is one of the fast developing sectors in India with evolving digital and media platforms.<\/strong><\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>COVID -19 has made serious impacts on the economy. Hence to revive growth and mitigate the impacts RBI has announced various Measures including Moratorium and accommodative stances to help Bank and Borrowers<\/strong>.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Hon&#8217;ble Supreme Court has also directed Banks &amp; Financial Institutions regarding Waiver of Compound Interest for Moratorium period 01-03-2020 to 31-08-2020.<\/strong> <\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Hon&#8217;ble Supreme Court has also directed Banks &amp; Financial Institutions regarding restructuring of loan accounts considering COVID 19 Pandemic impacts upon Individuals and Industrial MSMEs<\/strong>.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Central Governments &#8211; Finance Ministry has also announced Ex-gratia Payments  of difference between Compound Interest and Simple Interest<\/strong>.<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>Increasing  uncertainty in operations require supervision and advise of proper legal advise which makes a difference while taking decisions. <\/strong>&nbsp; <\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-medium-font-size\"><strong>We act as trusted advisers to Banks &amp; Financial institutions, Borrowers and Guarantor\u2019s &nbsp;for effective resolutions<\/strong>.<\/p>\n\n\n\n<p class=\"has-large-font-size\"><strong><span class=\"has-inline-color has-vivid-red-color\">Acts Referred &#8211; <\/span><\/strong><\/p>\n\n\n\n<ul><li><span class=\"has-inline-color has-black-color\"><strong>The Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002 (SARFESI)<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Security Interest (Enforcement) Rules,2002<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest (Central Registry)(Amendment)Rules, 2020<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Recovery of  Debts and Bankruptcy Act,1993<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Debt Recovery Tribunal (Procedure) Rules, 1993<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Debt Recovery Appellate Tribunal (Procedure) Rules, 1994<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Debt Recovery Tribunal (Refund of Court Fees) Rules, 2013<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>Insolvency and Bankruptcy Code, 2016<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Negotiable Instruments Act,1881<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Indian Contract Act,1872<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Reserve Bank of India Act, 1934<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The State Bank of India Act, 1955<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Banking Regulation Act, 1949<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Registration Act, 1908<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Transfer of Property Act,1882<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Motor Vehicle Act, 1988<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Motor Vehicle (Amendment) Act,2019<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Commercial Courts Act, 2015<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Companies Act, 2013<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Information Technology Act, 2000<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Limitation Act, 1963<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Sale of Goods Act, 1930<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Arbitration and Conciliation Act, 1996<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Right to Information Act, 2005<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Consumer Protection Act, 2019<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Indian Contract Act,1872<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>Civil Procedure Code,1908<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>The Indian Evidence Act,1872<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>Lok Adalat<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>Mediation<\/strong><\/span><\/li><\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><span class=\"has-inline-color has-black-color\"><strong>Our Services includes<\/strong> &#8211;<\/span><\/p>\n\n\n\n<ul><li><span class=\"has-inline-color has-black-color\"><strong>Strategy on restructuring or NPA Recovery for Banks and Lenders<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>Appeal or applications with DRT, DRAT and relevant courts<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>Advising financial creditors, operational creditors, corporate debtors and insolvency professionals on all aspects.<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>Settlements under One Time Settlement Schemes (OTS)<\/strong><\/span><\/li><li><span class=\"has-inline-color has-black-color\"><strong>Guide to Bank &amp; Borrowers and Guarantors<\/strong><\/span><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Banking &amp; Finance &#8211; Debts Recovery Matters Banking &amp; Finance is one of the fast developing sectors in India with evolving digital and media platforms. COVID -19 has made serious impacts on the economy. Hence to revive growth and mitigate the impacts RBI has announced various Measures including Moratorium and accommodative stances to help Bank&hellip; <\/p>\n","protected":false},"author":1,"featured_media":364,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Banking Laws - Mahesh Kabra &amp; Associates<\/title>\n<meta name=\"description\" content=\"Legal,financial,banking,law,bankguru,debts free,covid 19,impacts,relief,reserve bank, central government,supremecourt,moratorium,loan,waiver,sarfesi,drt,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/bankguru.net\/?page_id=82\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"banking-laws-bankguru-mahesh-kabra-and-associates\" \/>\n<meta property=\"og:description\" content=\"Legal,financial,banking,law,bankguru,debts free,covid 19,impacts,relief,reserve bank,centralgovernment,supremecourt,moratorium,loan,waiver\" \/>\n<meta property=\"og:url\" content=\"http:\/\/bankguru.net\/?page_id=82\" \/>\n<meta property=\"og:site_name\" content=\"Mahesh Kabra &amp; 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