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PUNJAB DRT
SC seeks RBI affidavit on borrowers' rights in 4 weeksThe apex court was hearing a Punjab National Bank's (PNB) appeal against the Punjab and Haryana High Court's judgment that quashed PNB's de...- 'Finmin's prompt measures helped in Nirav Modi extradition process'UK Home Secretary Priti Patel on Friday signed off on the order to extradite Nirav Modi, wanted in India on fraud and money laundering char...
- DRT asks Nirav Modi to pay Rs 7,200 cr to PNBNirav Modi is currently in a London and wanted by the Enforcement Directorate and the CBI for allegedly defrauding PNB of Rs 13,400 crore.
- Vijay Mallya fails to convince UK court to dismiss Indian banks' attempt to recover duesThe funds in the account will meanwhile remain frozen as part of the worldwide freezing order in favour of the Indian banks last year.
- Banks seek quick release of Vijay Mallya assets for liquidationThe banks contended that the attached assets were “amenable to market fluctuations and any delay in liquidating those assets may reduce the...
- PNB eyes Nirav Modi’s collection of 125 paintings by Indian mastersThe collection boasts a Rs 4 crore Raja Ravi Varma masterpiece titled ‘The maharajah of Travancore and his younger brother welcoming Richar...
- S Kumars owner will have to stay in India, repay debt: Karnataka HCKasliwal has been declared a willful defaulter by IDBI Bank and is the first big businessman in India whose photo was published by a bank (...
- Banks approach courts to recover Topworth debtLenders are filing cases before Mumbai debt recovery tribunal to recover their debt.
- Mumbai DRT sets stage for sale of Zoom Developers’ assetsZoom Developers, an Indore-based engineering and logistics company, owes more than Rs 3,000 crore to a consortium of 25 banks led by Punjab...
- Vijay Mallya must pay in full, says Punjab National Bank chief Usha Ananthasubramanian"Although we are not leader of the consortium, we want him to pay the full amount," PNB MD Usha Ananthasubramanian said.
- 13 banks move SC to stop Vijay Mallya, but he's already left IndiaMallya is believed to have left for overseas a few days ago. Banks urged the court to stop him from going abroad as they claimed he owed th...
- Banks move Supreme Court to seek Vijay Mallya's arrest over loan recoveryBanks moved the Supreme Court on Tuesday seeking the arrest of Vijay Mallya over the recovery of loans worth Rs 9,000 crore.
- Debts case: Supreme Court to hear banks' plea to restrain Vijay Mallya from leaving IndiaSC agreed to hear tomorrow a plea of 13 banks, which had advanced loans of over Rs 9K-cr to Mallya's firm, seeking a direction to restrain ...
- United Bank of India says efforts on to declare Vijay Mallya wilful defaulterUBI was the first lender to make an attempt to declare Mallya as wilful defaulter in 2014 but it was dismissed by the Calcutta High Court.
- Vijay Mallya case: DRT reserves order on SBI plea for lender's rightSBI had moved DRT against the airline's chairman Mallya in its bid to recover over Rs 7,000-crore dues from him.
- Joint action against errant promoters: Usha Ananthasubramanian, Punjab National Bank"If you are going to asset reconstruction firms, then you have to take a huge haircut."
- 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...
- Debt Recovery Tribunals bogged down by inadequate infrastructure and red tapeConceived as saviours to banks, these tribunals have been bogged down by inadequate infrastructure and red tape, with cases taking years, a...
- Debt Recovery Tribunals in dire straitsConceived as saviours to banks, these tribunals feel the pinch of inadequate infrastructure & funds, staff shortage and red tape
- Banks can attach and sell assets of loan defaultersBanks will have a greater advantage now over defaulting borrowers.
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