The institution of Banking Ombudsman was introduced in 1995 in India, through the Banking Ombudsman Scheme 1995. The object of the scheme was to provide expeditious and inexpensive forum to bank customers for resolution of their complaints relating to deficiency in banking services. The Scheme...

When a publicly-traded company files for bankruptcy protection, its smallest investors — typically individual retail shareholders — may struggle to understand the nature of the proceedings and whether and to what extent they may participate in the case. Although shareholders increasingly...