Banking and Insolvency Law

Banking Ombudsman – Redressal for customer complaints

Kritika Mundra, a final year B.COM LL.B.(H) at Amity University Kolkata, writes on the establishment of an ombudsman in the banking sector in order to resolve the complaints of the customers in a speedy and a time bound manner. The Banking Ombudsman (BO) Scheme was set up by the Reserve Bank of India (RBI) in…

The Murky Waters of Simultaneous Initiation of Corporate Insolvency Resolution Process against both the Corporate Debtor as well as the Guarantor

Palak Kumar, a penultimate year student at National Law Institute University, Bhopal, writes about the confusion has been caused mainly on account of conflicting decisions on the simultaneous proceedings under the Insolvency regime against both the Corporate Debtor as well as the guarantor qua the same debt.