Rotomac Exports and Rotomac Global will now be auctioned by the bankruptcy court.

Rotomac Exports and Rotomac Global, firms promoted by banking-fraud accused Vikram Kothari, will now be auctioned by the bankruptcy court.

Bank of India, Bank of Baroda, Oriental Bank of Commerce, Allahabad Bank, Union Bank of India, and Bank of Maharashtra have jointly lent cl...

The Income Tax Department also attached three more bank accounts of the company as part of its latest action against it for alleged tax eva...

The Kanpur-based group is being probed by the CBI and the ED in connection with the alleged swindling of Rs 3,695 crore of loan funds.

The tribunal held that the banks had concealed letters deliberately: first, to help the defendants and second, to hide its own conduct rega...

The CBI officials said that Vikram Kothari and his son, who were called for questioning, were arrested after they failed to cooperate with ...

The bank said the accounts of Rotomac Global and Rotomac Exports have been filed with the National Company Law Tribunal.

While BoB declared the company an NPA in February 2016, the account was not an NPA with other lenders as the borrower was repaying only som...

The accounts were subsequently classified as NPA in the year 2015-16. The bank had made 100 per cent provisions on the amount outstanding, ...

The 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 ...

What seemed like an uninterrupted success story gave way to a contrary reality as Kothari finds himself accused of loan default worth thous...

Bank of Baroda also clarified that the account was declared NPA in October 2015 and 100% provision has been made towards the account.

Rotomac violated FEMA rules and worked for interest rate differential in local and foreign currency in the guise of trade without having an...

Being 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 promoter Vikram Kothari is being investigated by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) for an ...

The banking scam has surfaced in the backdrop of Rs 11,384 crore alleged fraud reported by Punjab National Bank, involving billionaire Nira...