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Banks asked to track movable assets to aid loan recoveriesThe government is collaborating with banks to create a system for sharing borrower asset information. This aims to speed up the recovery of...- Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...
- Four special Lok Adalats planned for 2026 to dispose of cases before debt recovery tribunals: FM SitharamanFinance Minister Nirmala Sitharaman announced plans for four Special Lok Adalats in 2026. These will focus on clearing pending cases before...
- Banks to conduct performance review of empanelled advocatesBanks implement measures to enhance DRT efficacy. Reviews of advocates' performance, officer presence at hearings, and changes in regulatio...
- Delhi High Court sets aside debt recovery appellate tribunal's pre-deposit order for Religare FinvestDelhi High Court has overturned a decision by the Debt Recovery Appellate Tribunal (DRAT) that required Religare Finvest Ltd (RFL) to depos...
- Delhi High Court seeks ICICI Bank's Reply on Religare Finvest plea to quash DRAT orderRFL's senior counsel Rajeev Nayar and counsel Saurabh Seth contended before a bench of Justice Amit Mahajan and Justice Dharmesh Sharma tha...
- Vijay Mallya's lawyer says he can't establish contact with him, SC discharges him from caseThe lawyer of fugitive businessman Vijay Mallya on Thursday told the Supreme Court that he was not receiving any communication from him and...
- Where is 'booster' for judiciary: HC asks Centre over delay in filling up judicial vacanciesExpressing dismay over the delay in filling up judicial vacancies across the country, the Bombay High Court on Friday asked the Union gover...
- Vijay Mallya in a spot for ‘maligning’ Indian judiciary in English courtsFugitive businessman Vijay Mallya has to deposit Rs 3,101 crore in the Debt Recovery Appellate Tribunal (DRAT) if his appeal before it has ...
- Vijay Mallya Case: It’s retired Indian judge vs judgeThe dispute over which the two judges had given expert views was whether an order passed by the Debt Recovery Tribunal (DRT) in India was e...
- Supreme Court seeks list of corporates which owe in excess of Rs 500 croreA bench comprising Chief Justice T S Thakur and Justices A M Khanwilkar and D Y Chandrachud rued the lack of infrastructure and manpower at...
- Supreme Court asks Centre to give details of recovery cases filed by banks"There are lakhs of crores of rupees as NPAs and one of the reasons for their non-recovery is that the mechanism for recovery is not upto t...
- Bad loans: SC concerned over lack of infrastructure at DRTs"There are lakhs of crores of rupees as NPAs and one of the reasons for their non-recovery is that the mechanism for recovery is not up to ...
- Short-staffed tribunal further delays verdict on Airbus-banks caseThe loan was sanctioned to Kingfisher for purchasing aircraft but part of the order was subsequently cancelled when Kingfisher was grounded...
- Short staffed DRAT delays verdict on banks-Airbus caseThe case is pending at Chennai DRAT for more than two years and senior bank officials said that no hearing took place at the successive sch...
- Banks can’t escape scrutiny if public interest is violated: DRATDebt Recovery Appellate Tribunal says banks should not act against public interest by offering rebates to big borrowers.
- KFA lenders seek fast legal action to recover Rs 350 crore from AirbusTotal due from Airbus could be around Rs 350 crore including the accrued interest on the principal amount, sources in United Bank of India ...
- RBI asks debt tribunals to speed up disposal of cases in order to reduce delaysThe RBI and lenders are pushing for a better understanding of disputes between them and borrowers by the debt recovery tribunals.
- Revival of a sick company to take precedence over recovery proceedings, SC rulesThe provisions of the Sick Industrial Companies Act (SICA), 1985, will prevail over the Recovery of Debts Due to Banks and Financial Instit...
- Borrowers may have to deposit 75% of debt before appealThe finance ministry is considering a proposal to amend the new recovery Act, which, if approved, will leave little room for the borrower t...
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