Latest News on Debt Recovery Tribunal
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Debt Recovery Tribunal - Total results - 22
Mar 27, 2019
Sale of Vijay Mallya's shares worth Rs 1,000 cr cleared; liquidator to sell 7.4 mn United Breweries' stocks todayThis is the first sale of Vijay Mallya's confiscated assets by the authorities since he left the country in March 2016
Feb 01, 2019
Property worth over Rs 13,000 cr attached against Rs 9,000 cr dues, how far will it go, asks Vijay MallyaArray
Sep 14, 2018
SBI denies laxity on its part in dealing with Vijay Mallya case, says taking proactive measures to recover defaulted amountThe comments by State Bank of India (SBI) came after reports suggested that the bank, which was the lead lender to Kingfisher Airlines, was in February 2016 advised to move the Supreme Court to stop Mallya from fleeing the nation but the lenders moved the apex court only after the tycoon had left the country four days later.
Jun 16, 2018
UK court orders Vijay Mallya to pay 200,000 pounds in costs to Indian banks trying to recover duesSeparately, Vijay Mallya is due back at the Westminster Magistrates Court in London next month for one of the final hearings in his extradition case.
May 09, 2018
UK court ruling: Vijay Mallya's assets in England, Wales may go under hammer to recover money owed to Indian banksJudge Andrew Henshaw refused to overturn a worldwide order freezing 62-year-old Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion
May 08, 2018
Vijay Mallya loses UK lawsuit over Rs 10,000 crore in Indian claims; ruling to benefit IDBI Bank, Modi and the BJPA London court has reportedly backed India's claims that former liquor baron Vijay Mallya is a wilful defaulter.
May 04, 2018
DRT orders: While Nirav Modis, Mehul Choksis escape net, people like Nirmala Prakash stand to lose their homesPost-Nirav Modi scam, DRT is flooded with cases for adjudication and recovery by banks but a senior officer said on the condition of anonymity that the majority of big cases involving huge sums of money are being settled as per the whims and fancies of bank officials and big borrowers.
Feb 14, 2018
UK court allows three-fold increase in Vijay Mallya’s weekly allowance; liquor baron to get 18,000 poundsEmbattled liquor baron Vijay Mallya, wanted in India on charges of fraud and money laundering, will get over 18,000 pounds as weekly allowance, a three-fold increase following a recent UK High Court order.
Dec 14, 2017
Vijay Mallya $1.5 bn assets freeze order in UK courts until April 2018Vijay Mallya, who is undergoing an extradition trial in a UK court over Rs 9,000-crore fraud and money laundering charges, will face next year a parallel litigation brought by 13 Indian banks to freeze nearly $1.5 billion of his assets
Jul 11, 2017
New bankruptcy law nets first victim, Innoventive Industries; but questions raised on its efficiencyThe Reserve Bank of India has already told banks to push 12 of the largest defaulters into insolvency, but experts worry the framework is largely untested