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RBI Circulars On Loan Moratorium Not Applicable To Mutual Funds & Debentures

In Zee Learn Ltd. vs UTI Asset Management Co. Ltd. & Ors., the Bombay High Court has held that the Reserve Bank Of India's circulars dated March 27 and May 23 granting moratorium on payment of installment of term loans for three months and extending the moratorium on such payments respectively are not applicable to mutual funds and debentures.

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The recovery of vehicles by the financier not an offence - SC

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NCLT - Mere admission of receipt of money does not qualify as a financial debt

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