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Commissioner Of Income Tax (Large Tax ... vs United Bank Of India on 24 January, 2024

Commissioner Of Income Tax (Large Tax ... vs United Bank Of India on 24 January, 2024
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pca: PCA regime to cover PSU NBFCs from October 2024

The Reserve Bank of India (RBI) has announced that it will bring state-owned non-banking finance companies (NBFCs) under the prompt corrective action (PCA) framework from October 2023. The central bank will review the financials of these NBFCs as of March 2024. The PCA framework was initially introduced for NBFCs on December 14, 2021, to address their growing size and systemic importance. ....

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Bafna Motors sells 4-acre plot in Navi Mumbai's Nerul to Greenscape IT Park

Bafna Motors was liable to pay Rs 129 crore to United Bank of India and Rs 15 crore to Tata Motors Finance Solutions. It approached Greenscape IT Park LLP to repay these loans on its behalf. Greenscape IT Park LLP repaid these dues in August and has now acquired the land parcel. The deal attracted stamp duty of Rs 7.27 crore and was registered on August 28, shows the documents accessed through CRE Matrix. ....

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