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THE DEBTS RECOVERY TRIBUNAL
NARCL makes fifth exit with Rs 575 crore recoveryAgson Global, a manufacturer of aroma ingredients, was admitted to insolvency proceedings by the National Company Law Tribunal following a ...- Banks asked to track movable assets to aid loan recoveriesThe government is collaborating with banks to create a system for sharing borrower asset information. This aims to speed up the recovery of...
- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- Canara Bank recovers over half of ₹500 crore Rajesh Exports exposure, CEO outlines growth strategyCanara Bank has recovered over half of its ₹500 crore exposure to Rajesh Exports and is pursuing legal avenues for the remaining amount. Th...
- Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...
- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- Finance Ministry to review PSBs performance today, Secretary Nagaraju will chair high-level meetThe Department of Financial Services is holding a major meeting with Public Sector Banks today. The focus is on strengthening digital banki...
- JM Financial ARC top bidder for Rs 971-cr DLI debtJM Financial ARC has emerged as the preferred bidder for Distribution Logistics Infrastructure Pvt Ltd's Rs 971 crore debt, offering Rs 621...
- Adani Group pays Rs 6,000 crore to Jaiprakash lenders in first tranche of Rs 14,535 crore planAdani Group has made a significant payment of ₹6,000 crore to lenders of Jaiprakash Associates. This marks the first installment of a ₹14,5...
- Banks casual in granting big loans, strict with small borrowers: SCThe Supreme Court has noted a troubling trend where banks like State Bank of India are casual in sanctioning large corporate loans. However...
- IBBI issues new guidelines to speed up appointment of insolvency professionalsThe Insolvency and Bankruptcy Board of India has released new rules for insolvency professionals. These guidelines aim to speed up appointm...
- NCLT admits insolvency plea against Supreme Housing & HospitalityThe National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm ...
- 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...
- Finance Ministry seeks faster disposal by DRTs, holds talks"Key areas of discussion included strengthening oversight and monitoring mechanisms within banks to enhance recoveries through DRTs, priori...
- India’s banking system turns sluggish amid loan recovery delays and legal hurdles: CII reportIndia's banking sector needs urgent reforms. The Confederation of Indian Industry's report highlights slow loan recovery and complex laws. ...
- Insolvency law not a recovery mechanism, Supreme Court reiterates in key IBC rulingIn a landmark decision, the Supreme Court has clarified that insolvency law is not intended for the mere pursuit of debt recovery. It highl...
- Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...
- Budget 2024: More debt recovery tribunals on the tableBudget proposals target insolvency and debt recovery improvement, enhancing Debt Recovery Tribunals and adding platforms. Sitharaman report...
- Tribulations of debt tribunalsDebt tribunals, instead of speeding up recovery, end up like the courts: Tied up
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