INFORM: Infrastructure, Projects & Finance – September 2024

The highlights of the current issues are:

Case laws:

• NHAI to Collaborate with State on Drainage Issues for National Highway
  Projects
• Judicial Interference in Tender Matters to Limited
• Contractor Not Responsible for Verifying Administrative Approvals Before
  Commencing Work
• Income Tax Reassessment Notice Issued Post Approval of Resolution Plan Not Maintainable

Notifications/circulars:

• Inconsistencies in BDDR Treatment; Revised Instructions Issued
• RBI Aligns HFCs and NBFCs Norms
• RBI Rationalizes Risk Weights for HFCs
• RBI Tightens Regulations for P2P Lending Platforms
• Temporary Suspension of M/s Spar Geo Infra Pvt. Ltd. Amid Concerns Over
  Safety and Compliance
• RBI Introduces Scheme for Sovereign Green Bonds in IFSC
• MORTH Revises Policy on Single Bid in Open Tender Processes
• SEBI Announces Key Amendments to Disclosure Processes for InvITs and
  REITs
• IBBI Introduces New Guidelines for Committee of Creditors to Streamline
  Insolvency Resolution Process

Quick Reads:

• RBI to Announce Final Project Loan Guidelines in Coming Months
• NHAI Repeals 100m Exemption Rule for New Toll Plazas
• SEBI Proposes Mandatory Record-Keeping for Regulated Entities to Enhance
  Transparency