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Madras High Court Monthly Digest - April 2024 [Citations 143

Madras High Court orders e-pass system for vehicles entering Nilgiris district, Kodaikanal

National News: Philosophical expectations from a person in public life cannot be accepted as legal contentions, says HC

National News: Philosophical expectations from a person in public life cannot be accepted as legal contentions, says HC
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LVB bondholders: A HC ruling raises hopes of recovery for LVB bondholders

The tier-2 bonds have a loss absorbency feature, which means that if a bank fails, its tier-2 bondholders will absorb any losses ahead of its depositors. LVB had reported about ₹3,000 crore in accumulated losses, one-fourth of its loan book had turned sour, and tier-1 capital had turned negative.

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