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      • The top court refused to accept prima facie the submission of investors that around 92,000 people will lose their money if the high court order is stayed. It said a foreign bank was involved in the merger and stalling it will have "wider ramification and the foreign investors will lose faith in our regulatory mechanism".

      Supreme Court: SC stays Madras HC order asking RBI to ...

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  3. economictimes.indiatimes.com › industry › bankingLakshmi Vilas Bank DBS bank merger: LVB-DBS merger: SC stays ...

    Jul 24, 2024 · The Supreme Court stayed a Madras High Court order directing the Reserve Bank of India to conduct a fresh valuation of Lakshmi Vilas Bank (LVB) and DBS Bank India (DBIL) in their 2020 merger.

  4. www.cnbctv18.com › business › financeSupreme Court stays Madras HC order clearing Lakshmi Vilas ...

    Jul 24, 2024 · The Supreme Court has stayed the Madras High Court's decision that approved the merger of Lakshmi Vilas Bank (LVB) with DBS India. The apex court has directed the Reserve Bank of India (RBI) to respond to a petition filed by investors opposing the write-off of tier-2 bonds issued by LVB.

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  6. legal.economictimes.indiatimes.com › newsSupreme Court: SC stays Madras HC order asking RBI to ...

    Jul 24, 2024 · In a relief to Reserve Bank of India, the Supreme Court on Wednesday stayed a Madras High Court order asking it to determine the value of shares, assets and investor bonds of the cash-strapped Lakshmi Vilas Bank (LVB) and the Indian subsidiary of DBS Bank of Singapore.

  7. economictimes.indiatimes.com › industry › bankingSC stays Madras HC order asking RBI to ... - The Economic Times

    Jul 24, 2024 · In a relief to Reserve Bank of India, the Supreme Court on Wednesday stayed a Madras High Court order asking it to determine the value of shares, assets and investor bonds of the cash-strapped Lakshmi Vilas Bank (LVB) and the Indian subsidiary of DBS Bank of Singapore.

  8. www.thehindubusinessline.com › news › sc-allowsSC allows Lakshmi Vilas Bank’s minority shareholders to ...

    Mar 26, 2022 · Minority shareholders of the erstwhile Lakshmi Vilas Bank (LVB) have got a breather with the Supreme Court of India accepting their plea to transfer all cases pertaining to the bank’s...

  9. www.financialexpress.com › business › bankingLVB-DBS merger: SC directs transfer of all cases - Banking ...

    Mar 27, 2022 · In a victory to the minority shareholders of erstwhile Lakshmi Vilas Bank (LVB), the Supreme Court has accepted their plea to transfer all the cases relating to the bank’s merger with...

  10. www.livemint.com › companies › mint-explainer-how-aMint Explainer: The Madras high court order that's put RBI in ...

    Apr 30, 2024 · The court has directed the banking regulator to reassess its decision to write down the shares and tier 2 bonds of Lakshmi Vilas Bank DBS Bank before their amalgamation in 2020