Karnataka High Court held that banks cannot refuse to produce original mortgage documents when a property transaction is under police investigation for forgery or impersonation. Court clarified that holding documents as security does not exempt banks from cooperation under Section 94 of BNSS, 2023. Canara Bank’s plea against the police notice was dismissed, ensuring transparency in fraud investigations.
NBFC-MFI shifts to NBFC-ICC to diversify loans, including secured and unsecured credit. RBI norms, NOF ₹10 crore, and compliance guide the transition.
Karnataka High Court ruled that rejecting a compassionate appointment solely because applicant is a married daughter is discriminatory. Court held that marital status is not a valid ground for exclusion under Article 14. It directed Bank to reconsider case based on actual dependency and financial hardship.
Excessive social media use affects mental, physical, and social health. Algorithms exploit attention, reducing focus, self-awareness, and real-life connection.
31st October 2025 marks key tax deadlines: Tax Audit Report, Income Tax Return, and TDS Return. Timely filing avoids penalties and ensures smooth compliance.
Karnataka High Court set aside a FEMA show-cause notice and complaint issued after Section 6(3)(b) of Act was omitted by Finance Act, 2015. Court ruled that proceedings based on a non-existent provision are void ab initio. It reaffirmed that, without a saving clause, authorities lack jurisdiction to act under an omitted section.
Karnataka High Court directed that no coercive measures be taken against borrowers until their recall plea is decided by DRT. Court emphasized that issues of improper service of notice must be adjudicated before recovery is enforced. The ruling safeguards borrowers’ right to be heard in debt recovery proceedings.
Made a mistake while paying Advance Tax or Self-Assessment Tax? This guide explains how to correct wrong Assessment Year, Head Code, or PAN in your Income Tax challan using the e-filing portal — step-by-step.
Karnataka High Court held that Enforcement Directorate cannot attach assets mortgaged to banks under SARFAESI Act. Court found that such properties, acquired through lawful bank loans, are not proceeds of crime. It reaffirmed that secured creditors’ recovery rights under SARFAESI override PMLA proceedings where the bank is a victim, not a beneficiary.
CBIC’s clarification confirms that eligible Sikkim units can claim BSS refunds based on actual value addition instead of the capped rates in Para 5.8, effectively ending disputes raised by the GST authorities.
