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High Courts Told To Take Up Debt Recovery Cases In View Of Vacancies
The Supreme Court on Thursday asked high courts to entertain applications that are filed before the Debts Recovery Tribunal (DRT) and the Debts Recovery Appellate Tribunal (DRAT) in view of non-filling of vacancies.
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United Breweries Shares Worth Over Rs 5,800 Crore Sold In Vijay Mallya Case
The debts recovery tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against fugitive liquor baron Vijay Ma
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Court Orders Nirav Modi, Aides To Pay Over Rs 7,200 Crore, With Interest
The Debt Recovery Tribunal in Pune on Saturday directed fugitive diamond merchant Nirav Modi, who is currently lodged in a London prison, and his aides to pay more than Rs 7,200 crore with interest to the defrauded Punjab National Bank.
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Jet Lenders To Approach Debt Recovery Tribunal If Stake Sale Process Fails: Report
Approaching the DRT, as a last option is a major departure from the earlier speculation that the airline will be taken to the NCLT
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Nirav Modi, His Family Served Notices To Recover Rs 7,000 Crore
The Debt Recovery Tribunal (DRT) today sent notice to fugitive jeweller Nirav Modi, his family members and his companies to recover over Rs 7,000 crore in dues.
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"Is Finance Minister Sleeping?" Court Raps Centre Over Tribunal In Mumbai
The Bombay High Court expressed anger over the non-functioning of the Debts Recovery Tribunal (DRT), the Mumbai premises of which were closed following a fire over a month ago, and sought to know "if the finance minister of the country was sleeping" over the shutdown of a key body.
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Fortis Healthcare Co-Owner Restrained From Selling Properties Over Loan Default
The Delhi Debts Recovery Tribunal (DRT) has restrained former CEO of Ranbaxy Laboratories and the co-owner of Fortis Healthcare, Malvinder Mohan Singh, from selling a posh property in Lutyen's Delhi and some other assets in a bank loan default case.
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Karnataka HC Issues Bailable Arrest Warrant Against Mallya
On January 19, the DRT had ordered banks to start the process of recovering Rs 6,203 crore at annual interest rate of 11.5 per cent from Mr Mallya an his companies including UBHL in the Kingfisher Airlines case.
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Vijay Mallya Case: Start Process To Recover Rs 9,000 Crore, Says Tribunal To Banks
The tribunal allowed the banks to recover the amount from Mr Mallya, Kingfisher Airlines, United Breweries Holdings Limited (UBHL) and Kingfisher Finvest.
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Tribunal To Pronounce Verdict In Vijay Mallya Case On Thursday
DRT Presiding Officer K Sreenivasan said this while hearing an Interlocutory Application pertaining to the case.
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Vijay Mallya case: Tribunal Raps Banks For Casual Approach
The Debt Recovery Tribunal has rapped banks for filing interim applications in a "casual and routine manner" to make them party to the Vijay Mallya case.
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Vijay Mallya Row: Tribunal To Pass Interim Order In IndiGo, GoAir Case
The Debt Recovery Tribunal will on Tuesday pass an interim order on the plea of a consortium of banks seeking a direction to airlines IndiGo and GoAir under garnishee proceedings to deposit with it the money to be paid to Airbus by them, in a Kingfisher Airlines case.
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Passage Of Quicker Debt Recovery Bill Credit Positive: Moody's
Together with India's new bankruptcy law, which took effect earlier this year, these changes will lead to structural improvements in how banks deal with problem assets.
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Lok Sabha Clears Bill For Quicker, Easier Debt Recovery
The Lok Sabha on Monday passed a law empowering banks to take possession of collateral in case of loan default, except for farm land, while Finance Minister Arun Jaitley promised a compassionate view on education loans.
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Vijay Mallya Case: Tribunal Says March 7 Order Stands 'Infructuous'
The Debt Recovery Tribunal (DRT) on Wednesday said its March 7 order restricting transfer of $75 million as a sweetheart deal amount from Diageo Plc and two of its subsidiaries to liquor baron Vijay Mallya was "infructuous".
-
High Courts Told To Take Up Debt Recovery Cases In View Of Vacancies
The Supreme Court on Thursday asked high courts to entertain applications that are filed before the Debts Recovery Tribunal (DRT) and the Debts Recovery Appellate Tribunal (DRAT) in view of non-filling of vacancies.
-
United Breweries Shares Worth Over Rs 5,800 Crore Sold In Vijay Mallya Case
The debts recovery tribunal (DRT) has sold shares worth over Rs 5,800 crore of United Breweries Limited (UBL) that were earlier attached under the anti-money laundering law as part of an alleged bank fraud probe against fugitive liquor baron Vijay Ma
-
Court Orders Nirav Modi, Aides To Pay Over Rs 7,200 Crore, With Interest
The Debt Recovery Tribunal in Pune on Saturday directed fugitive diamond merchant Nirav Modi, who is currently lodged in a London prison, and his aides to pay more than Rs 7,200 crore with interest to the defrauded Punjab National Bank.
-
Jet Lenders To Approach Debt Recovery Tribunal If Stake Sale Process Fails: Report
Approaching the DRT, as a last option is a major departure from the earlier speculation that the airline will be taken to the NCLT
-
Nirav Modi, His Family Served Notices To Recover Rs 7,000 Crore
The Debt Recovery Tribunal (DRT) today sent notice to fugitive jeweller Nirav Modi, his family members and his companies to recover over Rs 7,000 crore in dues.
-
"Is Finance Minister Sleeping?" Court Raps Centre Over Tribunal In Mumbai
The Bombay High Court expressed anger over the non-functioning of the Debts Recovery Tribunal (DRT), the Mumbai premises of which were closed following a fire over a month ago, and sought to know "if the finance minister of the country was sleeping" over the shutdown of a key body.
-
Fortis Healthcare Co-Owner Restrained From Selling Properties Over Loan Default
The Delhi Debts Recovery Tribunal (DRT) has restrained former CEO of Ranbaxy Laboratories and the co-owner of Fortis Healthcare, Malvinder Mohan Singh, from selling a posh property in Lutyen's Delhi and some other assets in a bank loan default case.
-
Karnataka HC Issues Bailable Arrest Warrant Against Mallya
On January 19, the DRT had ordered banks to start the process of recovering Rs 6,203 crore at annual interest rate of 11.5 per cent from Mr Mallya an his companies including UBHL in the Kingfisher Airlines case.
-
Vijay Mallya Case: Start Process To Recover Rs 9,000 Crore, Says Tribunal To Banks
The tribunal allowed the banks to recover the amount from Mr Mallya, Kingfisher Airlines, United Breweries Holdings Limited (UBHL) and Kingfisher Finvest.
-
Tribunal To Pronounce Verdict In Vijay Mallya Case On Thursday
DRT Presiding Officer K Sreenivasan said this while hearing an Interlocutory Application pertaining to the case.
-
Vijay Mallya case: Tribunal Raps Banks For Casual Approach
The Debt Recovery Tribunal has rapped banks for filing interim applications in a "casual and routine manner" to make them party to the Vijay Mallya case.
-
Vijay Mallya Row: Tribunal To Pass Interim Order In IndiGo, GoAir Case
The Debt Recovery Tribunal will on Tuesday pass an interim order on the plea of a consortium of banks seeking a direction to airlines IndiGo and GoAir under garnishee proceedings to deposit with it the money to be paid to Airbus by them, in a Kingfisher Airlines case.
-
Passage Of Quicker Debt Recovery Bill Credit Positive: Moody's
Together with India's new bankruptcy law, which took effect earlier this year, these changes will lead to structural improvements in how banks deal with problem assets.
-
Lok Sabha Clears Bill For Quicker, Easier Debt Recovery
The Lok Sabha on Monday passed a law empowering banks to take possession of collateral in case of loan default, except for farm land, while Finance Minister Arun Jaitley promised a compassionate view on education loans.
-
Vijay Mallya Case: Tribunal Says March 7 Order Stands 'Infructuous'
The Debt Recovery Tribunal (DRT) on Wednesday said its March 7 order restricting transfer of $75 million as a sweetheart deal amount from Diageo Plc and two of its subsidiaries to liquor baron Vijay Mallya was "infructuous".
