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MUMBAI DRT
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...- Misuse of Insolvency and Bankruptcy Code by loan defaulters has tendency to badly impact economy: HCThe Bombay High Court has strongly condemned loan defaulters and guarantors for exploiting the Insolvency and Bankruptcy Code. This practic...
- Govt forms exclusive benches at three DRTs to resolve cases above Rs 100 croreThe fresh push by the government comes even as bankruptcy cases in the National Company Law Tribunal (NCLT) are languishing due to delays. ...
- Debt Recovery Tribunal stops DHFL from making paymentsMove comes a day after Bombay HC told DHFL to pay banks, NBFCS with securitisation deals
- Finance ministry draws Bombay HC ire over DRT non-functioningDRT, which dealt with debt-recovery cases involving banks, financial institutions and their customers, was non-functional for over a month.
- DRT orders promoters of Bharati Defence to furnish list of their personal assets, not to leave countryThe DRT observed that in the context of dues exceeding Rs 10,000 crore, the borrower would be restrained from selling or transferring its r...
- High Court disallows parallel proceedings in NCLT and DRTThe petitioners including Sanjeev Shriya, a director of the company, and Deepak Singhania, chairman and director, were the guarantors for t...
- Banks approach courts to recover Topworth debtLenders are filing cases before Mumbai debt recovery tribunal to recover their debt.
- Debt Recovery Tribunal to pronounce verdict in Vijay Mallya case tomorrowDRT had on July 16 allowed another IA of the bankers for lifting of corporate veil to pierce protection against personal liability enjoyed ...
- 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...
- Mallya Case: DRT reserves order on banks plea for dues recoveryThis brings the curtains down on nearly three-year legal battle in the tribunal by the consortium comprising 17 banks to recover the money ...
- Forget grounding defaulters, DRTs ill-equipped for recoveryBanks have claimed that liquor baron Vijay Mallya got away despite their plea to the Debt Recovery Tribunal (DRT) to attach the defaulter's...
- Debt Recovery Tribunals in dire straitsConceived as saviours to banks, these tribunals feel the pinch of inadequate infrastructure & funds, staff shortage and red tape
- Companies face the heat from rising rates, slowdownFrom interest rates of about 8% to 9% that were prevalent last year - rates at which lending was done for companies - to current rates of a...
- Banks can attach and sell assets of loan defaultersBanks will have a greater advantage now over defaulting borrowers.
- Banks tune in to SC hearing on bad loan recoveryThe case, which will come up for hearing at the apex court on September 20, would decide on whether banks could simultaneously resort to th...
- Borrowers may have to deposit 75% of debt before appealThe finance ministry is considering a proposal to amend the new recovery Act, which, if approved, will leave little room for the borrower t...
- Govt may plug gaps in Securitisation ActLenders who got a rude shock when the Debt Recovery Tribunal (DRT) stayed ICICI Bank's action against Mardia Chemicals earlier this month c...
- FM fixes fee for appeal against loan recoveryThe income of debt recovery tribunals (DRT) could double in a year thanks to a recent finance ministry notification.
- Receiver for GOCL property appointedMUMBAI: IN a suit filed by ICICI, the Debt Recovery Tribunal in Mumbai has appointed a receiver to take possession of the property of Gujar...
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