INFORM: Infrastructure, Projects & Finance – December 2023

The highlights of the current issue are:

Notifications/circulars:

• NHAI Accepts Insurance Surety Bond as Bid Security
• Regulatory Measures Imposed on Consumer Credit and Bank Credit to
  NBFCs
• RBI Releases New Guidelines for Banks and NBFCs on IT Governance and
  Cybersecurity

Case laws:

• Pecuniary Limit of DRT Applicable to Applications Under Section 13(10) of
  SARFAESI Act
• Court Cannot Intervene in Borrowing Arrangements Unless Compelling
  Reasons
• Voluntarily Signed Blank Cheque Does Not Invalidate Presumption Under
  Section 139 of NIA
• Removal Of Illegal Encroachments Can Be Done Without Notice
• Document Not Subject to Stamp Duty May be Admitted as Secondary
  Evidence

Quick Reads:

• NHAI Revises Guidelines to Control Cost Escalations and Speed Up Land
  Acquisition for Road Infrastructure
• NHAI Identifies 19 Projects Eligible for Private Revival
• RBI Set to Revamp Framework, Potential Hike in Penal Amounts