A borrower-side 2026 legal readiness checklist for Indian companies raising secured debt from banks, NBFCs or private credit funds, covering authority, charges, security, covenants, litigation, licences, contracts, tax, guarantees and closing conditions.
Read MoreA practical guide to borrower remedies under the SARFAESI Act, including Section 13(2), objections under Section 13(3A), possession measures, Section 14, Section 17 DRT proceedings, auction challenges, CERSAI, limitation and DRAT appeals.
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A bank account may be frozen due to a UPI transaction when cyber police or a bank traces allegedly fraudulent money into that account after a cyber complaint, 1930 complaint or National Cyber Crime Reporting Portal complaint. However, freezing the entire bank account for one disputed UPI entry may be challenged if it is disproportionate,...
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An NBFC LSP Agreement is a contractual arrangement between a regulated lender, such as an NBFC, and a Lending Service Provider that performs one or more digital lending functions for the regulated entity, such as customer acquisition, services incidental to underwriting, loan servicing, monitoring or recovery. Under RBI’s Digital Lending Directions, digital lending through an...
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Abstract The Reserve Bank of India has, recently, undertaken the stringent steps to curb evergreening of loans, which has been found in a few financial institutions and practices by them for perpetuating nonperforming assets by giving fresh loans for servicing old ones. This article critically examines those newly introduced regulatory steps and explores their broader...
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