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MEHTA FAMILY DEFAULTERS
Bombay HC quashes FIR against Sashidhar Jagdishan, calls it ‘abuse of criminal process’The Bombay High Court has quashed a police complaint against HDFC Bank MD Sashidhar Jagdishan. The court found the FIR to be a counterblast...- HC quashes Lilavati Trust's bribery case against HDFC Bank CEOThe Bombay High Court has dismissed a bribery case against HDFC Bank MD Sashidhar Jagdishan. The court ruled the complaint was a reaction t...
- Chetan Mehta has no relation to Mehta family defaulters mentioned by HDFC Bank, says lawyerChetan Mehta, a trustee of Lilavati Kirtilal Mehta Medical Trust, denies any connection to Splendour Gems Limited, identified by HDFC Bank ...
- Lilavati Trust says no dues owed to HDFC BankLilavati Kirtilal Mehta Medical Trust accuses HDFC Bank's Sashidhar Jagdishan of accepting a bribe. The trust denies any outstanding dues t...
- HDFC Bank MD & CEO named in alleged fraud linked to Lilavati Trust: What are allegations?HDFC Bank's CEO, Sashidhar Jagdishan, faces allegations in a Mumbai Police FIR. The Lilavati Kirtilal Mehta Medical Trust alleges he receiv...
- SFIO chargesheet sparks summons on 2013 'fraud'A court case unfolds a decade after the Winsome scam, involving Jatin Mehta's family, BLS, and fraudulent activities with UAE clients. The ...
- 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...
- Over six banks join Grant Thornton in legal fight against Winsome's MehtasIDBI Bank, Axis Bank, Exim, Bank of Maharashtra, Standard Chartered Bank and State Bank of Mauritius are among the financial institutions w...
- SFIO gets forensic auditors to unearth Winsome Group’s complex dealingsCase, which has left banks with a total exposure of ₹6,800 crore, has baffled probe agencies
- Winsome diamonds fraud case: Mehta family may have moved to MontenegroA few cos floated in Montenegro capital Podgorica are linked to Winsome Diamonds promoter Jatin Mehta.
- CBI books absconding diamantaire Jatin Mehta in a fresh caseBy the time the alleged fraud surfaced, Mehta had left the country and was believed to be in one of the The Caribbean islands, the sources ...
- The last Winsome link vanishes, all trails in the Rs 6,800-cr scam go coldMustafa Batliwala, key aide of group founder Jatin Mehta, is feared to have left the country.
- PNB Fraud: CBI turns heat on Winsome, summons former director R RavichandranWhile credits and guarantees to Winsome were sanctioned limits authorised by the bank, the LoU fraud was a string of clandestine deals.
- India’s wilful defaulters owe more than Rs 1 lakh crore to banksWilful defaulters are those unwilling to pay despite having the capacity to do so. And the total dues they owe to India's banks are mind-nu...
- SFIO asks Winsome Diamond Director to share vital informationWinsome Group is India’s second largest wilful defaulter after Mallya’s Kingfisher Airlines; group firm Forever owe Rs 6,800 crore to 15 ba...
- ED, CBI go after country’s second-largest wilful defaulter, Winsome group's Jatin MehtaAgencies such as ED and CBI need help from the UAE to verify Winsome’s explanation for its inability to repay Indian banks
- Enforcement Directorate to issue non-bailable warrant against Winsome promoter Jatin MehtaThe law enforcement and economic intelligence agency will move the special court in the next three weeks to secure a warrant.
- Lenders in tight spot over Winsome's default; banks want to shame company's directorsIn the summer of 2013, Winsome Group, an almost forgotten name now, had rattled the Indian bullion and diamond markets after it defaulted w...
- Did top defaulter Winsome Group divert Rs 6,500 crore loan funds abroad?Winsome promoter Jatin Mehta told the banks that his buyers of gold in UAE had defaulted on payments, making him unable to repay the loans.
- Indian lenders take Rs 4000 crore hit on Mumbai based jeweller WinsomeIndian banks have forked out well over Rs 4,000 cr to int'l bullion banks on behalf of Winsome but are unsure whether the money can be salv...
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