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In the Union Bank of India v. Dinkar T. Venkatasubramanian and others, the National Company Law Appellate Tribunal (NCLAT) reaffirmed that a resolution plan approved by the Committee of Creditors (CoC) binds all stakeholders, including dissenting Financial Creditors, ensuring the stability of the corporate insolvency resolution process.

The Supreme Court’s judgment in Union Bank of India vs. Mr. Dinkar T. Venkatasubramanian & Ors. (2020) relates to the resolution plan approved by the Committee of Creditors (CoC) for a financially stressed corporate debtor. The case revolves around the...

Current FD Rates: SBI, PNB, HDFC Bank, ICICI Bank, and six other major lenders’ 1-year fixed deposit offers

The article provides an update on the latest fixed deposit (FD) rates offered by several Indian banks, including SBI, PNB, HDFC Bank, ICICI Bank, and six others. As of the latest update, here are the 1-year FD rates offered by each bank: * SBI: 5.30% to 6.20% * PNB:...