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BANKRUPT WINSOME DIAMONDS
NCLT admits insolvency application against Winsome Diamond’s promoter Jatin Mehta“It is noted under Section 128 of Indian Contract Act, 1872 that when a default is committed, the principal borrower and surety are jointly...- Four Mauritius-based funds with $7 bn in Adani stocks have history of wrong betsBefore they put about 90% of their $6.9 billion under management in the Adani empire, the funds -- Elara India Opportunities Fund, Cresta F...
- How Naresh Goyal & wife Anita were offloaded from Dubai-bound planeGoyal’s ‘grounding’ comes weeks after his airline, the largest in India for a long time, was grounded when it ran out of financial fuel.
- Banks have first right over pledged assets, rules tribunalThe tribunal has ruled in favour of Standard Chartered Bank in a dispute involving the ED on the Winsome Diamonds & Jewellery case.
- Other tycoons who have done a Vijay Mallya to lending banks!With Vijay Mallya skipping the country in a flurry of debts, here are other famous non-payers who owed banks bigtime.
- Banks to conduct forensic audit to check non performing assetsAfter host of incidents involving fraud on the part of borrower, lenders are no longer taking each other's word on the fidelity of the borr...
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