Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
The policy establishes a prospective intervention to provide government backed risk sharing support for bank intermediated trade finance to eligible MSMEs exporting to under served markets. It prescribes non recourse instruments (LC confirmation, SBLC, IRU, RP, UPAS LC, LC negotiation), MSME eligibility (valid IEC and MSME registration), application via a UIN on the online portal, and partner bank participation under master agreements. A comprehensive risk model determines score based cover (scheme cover 10-80%) and fees, with exposure caps linked to a multiple of the corpus (country, exporter, transaction, issuing bank caps). Claim settlement timelines, pilot operationalisation, and stakeholder consultation are provided.
The policy establishes a prospective intervention to provide government backed risk sharing support for bank intermediated trade finance to eligible MSMEs exporting to under served markets. It prescribes non recourse instruments (LC confirmation, SBLC, IRU, RP, UPAS LC, LC negotiation), MSME eligibility (valid IEC and MSME registration), application via a UIN on the online portal, and partner bank participation under master agreements. A comprehensive risk model determines score based cover (scheme cover 10-80%) and fees, with exposure caps linked to a multiple of the corpus (country, exporter, transaction, issuing bank caps). Claim settlement timelines, pilot operationalisation, and stakeholder consultation are provided.
Note: It is a system-generated summary and is for quick reference only.