Nirav Modi, his uncle Mehul Choksi and others are accused in a Rs 14,000 crore fraud at state-owned Punjab National Bank (PNB).

The agency alleged that these assets were the "proceeds of crime" of the illegal act of money laundering.

The committee of creditors has rejected the demand for an extension of 90 days to complete the insolvency resolution process.

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 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...

These attachment of assets, they said, has been carried out to "recover outstanding tax demands" from the group, understood to be about Rs ...

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

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 ...

Earlier, the loan default was estimated at over Rs 800 crore but scrutiny of documents by CBI revealed that the amount is much larger.

After Rs 11,360 crore PNB scam , another ace businessman - Vikram Kothari from Kanpur -has been accused of defaulting on repayment of more ...