Recent Highlights
All Stories for Drt
Debt Recovery Tribunal asks estranged partner Vikram Bakshi, McDonald's India to appear before it
• 6 years agoEarlier this month, McDonald's reached an out-of-court settlement with Bakshi, buying out Connaught Plaza Restaurants from the joint venture
Amrapali Group committed first degree crime by cheating home buyers, will be booked and prosecuted, says Supreme Court
• 6 years agoAmrapali Group "cheated everybody including home buyers, banks and authorities and indulged in cartelization to prevent the Debt Recovery Tribunal from auctioning its unencumbered properties", SC said.
'Damned if you do and damned if you don't is how I am treated,' says Vijay Mallya after sale of 74 lakh shares by debt recovery tribunal
Fp Staff • 6 years agoThe ED had attached these shares under the Prevention of Money Laundering Act (PMLA) to ensure that they were not "alienated" or sold by Mallya
Sale of Vijay Mallya's 74 lakh shares in UBHL fetches Rs 1,008 crore; more stake sell-off to follow soon: ED
• 6 years agoSubsequently, the ED said, the recovery officer of the DRT, Bangalore published a notice early this month for the sale of a total of 74,04,932 shares of UBHL.
Property worth over Rs 13,000 cr attached against Rs 9,000 cr dues, how far will it go, asks Vijay Mallya
• 6 years agoMonetary limit for filing cases in Debt Recovery Tribunals doubled to Rs 20 lakh, says govt
• 7 years agoThe move is aimed at helping reduce pendency of cases in Debt Recovery Tribunals (DRTs).
Malvinder Singh asked to deposit 3.5 mn Singapore dollars, 'disobeyed orders' says Delhi HC
• 7 years agoThe court’s order came after it was informed by the counsel for Malvinder, who was present in the court, that his 45 lakh equity shares in Religare Healthcare Pvt Ltd were sold in Singapore in April.
UK court orders Vijay Mallya to pay 200,000 pounds in costs to Indian banks trying to recover dues
• 7 years agoSeparately, Vijay Mallya is due back at the Westminster Magistrates Court in London next month for one of the final hearings in his extradition case.
UK court highlights grounds to regard Vijay Mallya as 'fugitive from justice', remains unconvinced by liquor baron's NRI claim
• 7 years agoVijay Mallya, who remains on bail since his arrest on an extradition warrant in April last year, will return for the last leg of his ongoing extradition trial at Westminster Magistrates' Court in London on 11 July, after which the court is expected to set a timeline for judgment in that case.
UK court ruling: Vijay Mallya's assets in England, Wales may go under hammer to recover money owed to Indian banks
• 7 years agoJudge 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