Update as on May 16, 2014

RECENT NOTIFICATIONS:

·          Undertaking of activity by the Urban Cooperative Banks (UCBs) as PAN Service Agent (PSA) for providing PAN issuance services to its customers by entering into tie-up with authorized Agencies

·          Levy of Penal Charges on Non-Maintenance of Minimum Balances in Inoperative Accounts

·          Treatment of RIDF and certain other funds under priority sector

RECENT FOREIGN COURT DECISIONS:

England & Wales High Court (Queen’s Bench Division) Decision:

·          AB v Regional Court In Poznan, Poland [2014] EWHC 1560 (QB) (15 May 2014)

England & Wales High Court (Technology & Construction Court) Decisions:

·          Parkway Construction Ltd (In Liquidation) v Howard De Walden Estates Ltd [2014] EWHC 1533 (TCC) (15 May 2014)

·          Travis Perkins Trading Company Ltd v Caerphilly County Borough Council [2014] EWHC 1498 (TCC) (15 May 2014)