Newsletter Issue - Jun 2020

Key Updates:

1. The Hon’ble Supreme Court of India issues notice to RBI in a plea contesting charging of interest on loans during moratorium as ‘Unconstitutional’

2. SARFAESI Act, 2002 will be applicable on Cooperative Banks

3. The Hon’ble High Court of Delhi has sought clarification from RBI in respect of validity of expired bank cheque amid COVID-19 Lockdown

4. Interim relief granted by Hon’ble High Court of Rajasthan against auction of property amid COVID-19 Lockdown

5. RBI announces COVID -19 Regulatory Package on 23.05.20

6. Developmental and regulatory policy measures to improve the functioning of markets and market participants and support export-import issued by RBI on 22.05.20

Newsletter content Jun 2020

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