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ROTOMAC
Rotomac owner Vikram Kothari passes away in KanpurKothari, who owns the Dum Pan Masala, had started another company by launching Rotomac Pen in 1995. He was initially involved in the busine...- SFIO arrests Rotomac promoter, two othersday Desai, who had not appeared before the agency citing the Covid-19 outbreak, was arrested late Wednesday night from Mumbai, people in th...
- CBI charge-sheets Rotomac promotersA consortium of seven nationalised banks has given loans worth Rs 2,919 crore to Rotomac Global Pvt Limited from 2008 onwards, the CBI FIR ...
- Rotomac case: CBI quizzes 6 officials of Bank of BarodaThe agency had earlier arrested Rotomac Pens owner Vikram Kothari and his son Rahul in connection with the Rs. 3,695-crore loan default cas...
- Lenders decline additional extension to Rotomac firmsRotomac Exports and Rotomac Global will now be auctioned by the bankruptcy court.
- Rotomac companies set to be shut nowRotomac Exports and Rotomac Global, firms promoted by banking-fraud accused Vikram Kothari, will now be auctioned by the bankruptcy court.
- Will Rotomac companies face liquidation?Bank of India, Bank of Baroda, Oriental Bank of Commerce, Allahabad Bank, Union Bank of India, and Bank of Maharashtra have jointly lent cl...
- Rotomac case: I-T files dozen fresh charge sheets; attaches 3 accountsThe Income Tax Department also attached three more bank accounts of the company as part of its latest action against it for alleged tax eva...
- Friendly play between banks and Rotomac: Debt tribunalThe tribunal held that the banks had concealed letters deliberately: first, to help the defendants and second, to hide its own conduct rega...
- Vikram Kothari, owner of Rotomac, arrested by CBI in loan default caseThe CBI officials said that Vikram Kothari and his son, who were called for questioning, were arrested after they failed to cooperate with ...
- Allahabad Bank stock swings to red on Rotomac exposureThe bank said the accounts of Rotomac Global and Rotomac Exports have been filed with the National Company Law Tribunal.
- Rotomac loan turned NPA in FY16; made full provision: Bank of IndiaThe accounts were subsequently classified as NPA in the year 2015-16. The bank had made 100 per cent provisions on the amount outstanding, ...
- BoB sat on Rotomac case for 2 years, ran to CBI after Nirav Modi scam brokeThe public sector bank remained silent for two years despite facing a Rs 6,172 crore forex scam in 2015 in which money was sent from India ...
- Bank of Baroda says it has exposure of Rs 456.6 cr to RotomacBank of Baroda also clarified that the account was declared NPA in October 2015 and 100% provision has been made towards the account.
- Rotomac scam: How Vikram Kothari used virtual offices, round-tripping to dupe banksRotomac violated FEMA rules and worked for interest rate differential in local and foreign currency in the guise of trade without having an...
- With Rotomac in the eye of a storm, here's a look at owner Vikram Kothari's tempestuous journeyBeing hounded by sleuths for an alleged Rs 3,700-cr fraud, it appears unlikely that the words said about Kothari's "Fighter" brand will hol...
- Rotomac scam: Tax department attaches 11 bank accountsRotomac promoter Vikram Kothari is being investigated by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) for an ...
- CBI, ED initiate actions against Rotomac DirectorsVikram Kothari, his wife Sadhana Kothari and son Rahul Kothari — all directors — have been booked by the CBI on charges of cheating a conso...
- Rotomac loan default swells to Rs 3,695 crore, CBI files case against Vikram KothariEarlier, the loan default was estimated at over Rs 800 crore but scrutiny of documents by CBI revealed that the amount is much larger.
- BoB, Allahabad Bank, IOB sink up to 7% on Rotomac 'default'The Kanpur-based company’s owner had taken a loan of more than Rs 800 crore from over five state-owned banks.
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