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SIKKIM HIGH COURT ISSUES ORDER ON NIKHIL SUBBA AND OTHERS V/S THE BRANCH MANAGER, ICICI LOMBARD GENERAL INSURANCE COMPANY AND OTHERS

GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. The challenge in the instant Appeal is to the computation of compensation, arrived at by the Learned Mo... Read More


SIKKIM HIGH COURT ISSUES ORDER ON THE BRANCH MANAGER, NATIONAL INSURANCE COMPANY V/S HASMUKH PANNALAL PUNAMIYA AND OTHERS

GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. On a Petition filed by the Respondents No.1, 2 and 3 herein, under Section 166 of the Motor Vehicles Ac... Read More


SIKKIM HIGH COURT ISSUES ORDER FOR ELEVAR DIGITEL INFRASTRUCTURE V/S STATE OF SIKKIM AND OTHERS

GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. The prayers in the instant Writ Petition are as follows; ".......................... Rule calling upon... Read More


SIKKIM HIGH COURT ISSUES ORDER FOR ANAND KISHORE MISHRA V/S UNION OF INDIA AND ORS.

GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: [1] The Petitioner, Vikash hails from a village in Sonbhadra (Uttar Pradesh), and he is a matriculant. His... Read More


SIKKIM HIGH COURT ISSUES ORDER FOR BIJAY CHAMLING V/S STATE OF SIKKIM

GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. Heard Learned Counsel for the parties. 2. The allegation in the FIR bearing No.03/2020, dated 03- 01-... Read More


SIKKIM HIGH COURT ISSUES ORDER FOR STATE BANK OF INDIA AND ANR. V/S DISTRICT MAGISTRATE SORENG DISTRICT AND ORS.

GANGTOK, India, April 1 -- Sikkim High Court issued the following judgment/order on March 2: 1. The present writ petition has been filed seeking a direction to the District Magistrate, Soreng Distric... Read More


MASTER DIRECTION ON INCENTIVES FOR CURRENCY DISTRIBUTION AND EXCHANGE AND PENALTIES / PENAL PROVISIONS FOR BANK BRANCHES AND CURRENCY CHESTS FOR DEFICIENCY IN RENDERING CUSTOMER SERVICE AND REPORTING OF TRANSACTIONS / BALANCESTABLE OF CONTENTSSR. NO.NATURE OF SERVICEPARTICULARS OF INCENTIVES/ SERVICE CHARGES1.11.21.31.41. PENALTIES FOR BANK BRANCHES FOR DEFICIENCY IN RENDERING CUSTOMER SERVICESR. NO.NATURE OF IRREGULARITYPENALTY1.11.22. PENALTIES FOR ATM CASH-OUTSR. NO.NATURE OF IRREGULARITYPENALTY2.13. PENALTIES FOR DEFICIENCY IN OPERATIONS OF CCSSR. NO.NATURE OF IRREGULARITYPENALTY3.13.2CPMPENALTYCPM < 5100% OF NOTIONAL VALUE OF COUNTERFEIT NOTES5 ≤ CPM < 20150% OF NOTIONAL VALUE OF COUNTERFEIT NOTESCPM ≥ 20200% OF NOTIONAL VALUE OF COUNTERFEIT NOTES3.33.43.53.6SR. NO.NATURE OF IRREGULARITYPENAL PROVISIONS1.SR. NO.NATURE OF IRREGULARITYPENAL PROVISIONS1.TYPE OF EXPENDITURE CLAIMEDPERIODAMOUNT CLAIMED (INCLUSIVE OF TAXES) (A)AMOUNT REIMBURSED (INCLUSIVE OF TAXES) 50% OF (A)REVENUE COST1ST YEAR₹15 LAKH₹7.5 LAKH2ND YEAR₹16 LAKH₹08 LAKH3RD YEAR₹16 LAKH₹08 LAKH4TH YEAR₹17 LAKH₹8.5 LAKH5TH YEAR₹18 LAKH₹09 LAKHDETAILS OF SOILED NOTES REMITTANCE RECEIVEDDENOMINATION₹10 / ₹20 / ₹50₹100 SCENARIO 1SCENARIO 2 5500750050005575501107524553907425NA5374NA106148NA40005395790TOTAL PIECES (DEPOSITED)TOTAL PIECES (WITHDRAWN)TOTAL BAGS (DEPOSITED)TOTAL BAGS (WITHDRAWN)NET STANDARD BAGS (WITHDRAWN)400025001.61-0.607500033200040001213.43SCENARIORECOVERY/CREDIT*PENALTY AMOUNT*SCENARIOLOSS RECOVEREDPENALTY AMOUNTDENOMINATION₹5₹10₹20₹50₹100₹200₹500₹20001,30,00021,50,00013,40,00011,00,00011,92,00090,0001,70,00020,000004940221DENOMINATION₹5₹10₹20₹50₹100₹200₹500₹2000042816201510SCENARIOPENALTY

MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/DCM/2026-27/393 DCM (CC) No. G-3/03.06.001/2026-27 April 01, 2026 The Chairman / Managing Director / Chief Ex... Read More


OVERSEAS INVESTMENT - SUBMISSION OF REFERENCES TO THE RESERVE BANKSR. NOUIN WITH PREFIXREGIONAL OFFICE OF RBI TO WHICH THE REFERENCE IS TO BE SENT TO1.AHMEDABAD2.BENGALURU3.MUMBAI4.KOLKATA5.NEW DELHI6.HYDERABAD7.CHENNAI

MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/03 A.P. (DIR Series) Circular No. 02 April 01, 2026 All Authorised Dealer Category I Banks Madam / S... Read More


REPORTING UNDER FOREIGN EXCHANGE MANAGEMENT ACT, 1999 - RETURNS PERTAINING TO FOREIGN EXCHANGE MANAGEMENT (GUARANTEES) REGULATIONS, 2026

MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/02 A.P. (DIR Series) Circular No. 01 April 01, 2026 All Authorised Persons Madam / Sir, Reporting u... Read More


IMPLEMENTATION OF SECTION 51A OF UAPA, 1967: UPDATES TO UNSC'S 1267/ 1989 ISIL (DA'ESH) & AL-QAIDA SANCTIONS LIST: LISTING OF 01 ENTRY

MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/01 DOR.AML.REC.1/14.06.001/2026-27 April 01, 2026 The Chairpersons/ CEOs of the Commercial Banks, S... Read More