BANK HOLIDAYS 2024: TAMIL NADU

The Tamil Nadu government has announced a list of 24 days as public holidays in 2024 under the Negotiable Instruments Act, 1881, which will be applicable to State government offices, its undertakings, corporations and boards, among others. Sr.No Date Day Occasion/Festival Date 1 01.01.2024 Monday NEW YEAR’s DAY 2 15.01.2024 Monday PONGAL 3 16.01.2024 Tuesday…

Bank Holidays 2024: Himachal Pradesh

The Government of Himachal Pradesh vide notification No.GAD-A(F)10-7/2023 dated 02.11.2023 declared the following days as public holidays for the year 2024 under section 25 of the NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 08.03.2024 Friday MAHASHIVARATRI 3 25.03.2024 Monday HOLI * 01.04.2024 Monday Banks’ Annual…

Bihar State Bank Holidays 2024

The Government of Bihar declared the following public holidays for the year 2024 under explanation to section 25 of the Negotiable Instrument Act 1881 as per gazette notification dated 11th September 2023 (Schedule 4). Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 22.03.2024 Friday BIHAR DAY 3 26.03.2024 Tuesday HOLI 4 27.03.2024…

IBC Resolution Plan Can’t Ignore Government Dues: Supreme Court Dismisses batch of Review Petitions

The Supreme Court on Tuesday (October 31) dismissed a batch of review petitions filed against a 2022 judgment which held that the definition of a secured creditor under the Insolvency and Bankruptcy Code (IBC) 2016 included any government or governmental authority and that a resolution plan which ignored dues to the government was liable to…