Bank Of India Loan Case

A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).

Luxury cars like Mercedes Benz and Lexus, and watch brands like Rolex and Hublot apart from more than 140 bank accounts and lockers were seized after the ED raided a Mumbai-based business group in an alleged Rs 975 crore bank loan fraud case.

N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.

The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the CBI in a loan fraud case was "without application of mind and due regard to the law".

The Enforcement Directorate on Wednesday raided locations in Jammu and Kashmir, Punjab and Uttar Pradesh in a Rs 200 crore alleged bank loan fraud case linked to the Bharat Papers Ltd. (BPL), official sources said.

In a significant development in the DHFL loan scam case, the Supreme Court today ordered the immediate arrest of former company promoters Kapil Wadhawan and his brother Dheeraj, setting aside a Delhi High Court order granting them statutory bail.

The Enforcement Directorate (ED) Friday said it has arrested five persons in connection with an alleged Rs 56,000 crore bank loan fraud-linked money laundering case against erstwhile Bhushan Steel Ltd.

The Enforcement Directorate has arrested five persons in connection with an alleged Rs 56,000 crore bank loan fraud linked money laundering case against erstwhile Bhushan Steel Ltd (BSL), official sources said Friday.

The CBI assailed in the Supreme Court the statutory bail granted by courts below to former Dewan Housing Finance Corporation Limited promoters Kapil Wadhawan and his brother Dheeraj in connection with a multi-crore rupees bank loan scam case.

The ED on Friday said it has attached assets worth more than Rs 72 crore of former Uttar Pradesh MLA Vinay Shankar Tiwari and his family members as part of a money laundering probe against them linked to an alleged Rs 750-crore loan fraud.

The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.

The Bombay High Court on Wednesday directed the Enforcement Directorate (ED) to file its affidavit in response to Jet Airways founder Naresh Goyal's plea challenging his "illegal" arrest in a money laundering case linked to bank loan default.

The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.

The Central Bureau of Investigation on Monday said it has registered a case against a city-based private firm, its directors, and other individuals for allegedly cheating the Union Bank of India of Rs 46.79 crore, and also searched its premises.

Nirmala Sitharaman today said the government has instructed both public and private banks that harsh steps should not be taken when it comes to the process of loan repayment and that they should handle such cases with humanity and sensitivity.

A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).

Luxury cars like Mercedes Benz and Lexus, and watch brands like Rolex and Hublot apart from more than 140 bank accounts and lockers were seized after the ED raided a Mumbai-based business group in an alleged Rs 975 crore bank loan fraud case.

N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.

The arrest of ICICI Bank's former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the CBI in a loan fraud case was "without application of mind and due regard to the law".

The Enforcement Directorate on Wednesday raided locations in Jammu and Kashmir, Punjab and Uttar Pradesh in a Rs 200 crore alleged bank loan fraud case linked to the Bharat Papers Ltd. (BPL), official sources said.

In a significant development in the DHFL loan scam case, the Supreme Court today ordered the immediate arrest of former company promoters Kapil Wadhawan and his brother Dheeraj, setting aside a Delhi High Court order granting them statutory bail.

The Enforcement Directorate (ED) Friday said it has arrested five persons in connection with an alleged Rs 56,000 crore bank loan fraud-linked money laundering case against erstwhile Bhushan Steel Ltd.

The Enforcement Directorate has arrested five persons in connection with an alleged Rs 56,000 crore bank loan fraud linked money laundering case against erstwhile Bhushan Steel Ltd (BSL), official sources said Friday.

The CBI assailed in the Supreme Court the statutory bail granted by courts below to former Dewan Housing Finance Corporation Limited promoters Kapil Wadhawan and his brother Dheeraj in connection with a multi-crore rupees bank loan scam case.

The ED on Friday said it has attached assets worth more than Rs 72 crore of former Uttar Pradesh MLA Vinay Shankar Tiwari and his family members as part of a money laundering probe against them linked to an alleged Rs 750-crore loan fraud.

The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.

The Bombay High Court on Wednesday directed the Enforcement Directorate (ED) to file its affidavit in response to Jet Airways founder Naresh Goyal's plea challenging his "illegal" arrest in a money laundering case linked to bank loan default.

The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.

The Central Bureau of Investigation on Monday said it has registered a case against a city-based private firm, its directors, and other individuals for allegedly cheating the Union Bank of India of Rs 46.79 crore, and also searched its premises.

Nirmala Sitharaman today said the government has instructed both public and private banks that harsh steps should not be taken when it comes to the process of loan repayment and that they should handle such cases with humanity and sensitivity.