Latest News on Recovery
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Recovery - Total results - 386
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.
Jun 11, 2018
Allahabad Bank focuses on recovery, refers 65 NPA accounts involving around Rs 12,566 cr to NCLT for IBC resolutionAllahabad Bank said the number of "wilful defaulters" declared by the bank stood at 257, a two-and half-fold jump from March 2017 figure of 101
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.
Apr 25, 2018
Dow plummets 425 points as interest rate surge and oil price rise dampen Q1 resultsThe Dow Jones industrial average plunged as much as 619 points as investors feared that rising oil prices and other costs will slow down growth in company profits.
Apr 16, 2018
NPA crisis: Loans worth Rs 2.72 lakh cr written-off since NDA government took over in 2014; just Rs 29,000 cr recoveredThe problem is that there aren’t enough buyers for stressed assets in India, at prices the banks expect, needed to compensate for their losses.
Feb 22, 2018
Indian Navy set to acquire complete submarine rescue system in June 2018 from UK's JFDThe Indian Navy is set to acquire JFD's third-generation complete submarine rescue system, which incorporates an innovative new system design and tightly integrated components to ensure time-to-first-rescue is minimised
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.
Jan 22, 2018
Sitapur farmer crushed to death under tractor while trying to resist debt-recovery agentsA farmer in Sitapur was crushed to death under his tractor after he fell off it while resisting the recovery agents trying to take away the vehicle over unpaid debts, police said on Saturday