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Total 62 results found. Search for [ debt recovery tribunal ]

Results 1 to 21 of 62
September 10, 2018
If NCLT allows the plea of the ICICI Bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.

Chennai, August 30, 2018
The SBI submitted that by effecting the provisional attachment order, the ED had scuttled the frantic efforts of the banks from realising public money.

Mail Today Bureau
July 7, 2018
SBI is the leader of the consortium of 13 banks that lent about Rs 9,000 crore to Mallya's now defunct Kingfisher Airlines. The state-run lender has appointed a valuer to assess the value of Vijay Mallya's assets. 

New Delhi, July 6, 2018
SBI Managing Director Arijit Basu says Indian banks are working closely with various agencies, including in the UK, to recover the maximum possible assets owned by Mallya.

New Delhi, July 5, 2018
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London. It permits the officer and his agents entry to Ladywalk and Bramble Lodge in Tewin, Welwyn, where Mallya is currently based.

June 26, 2018
A week after he became the first person to be tried under India's new Fugitive Economic Offenders Ordinance, the former King of Good Times Vijay Mallya took to Twitter this afternoon to put forth his side of things.

June 16, 2018
The court's assessment of costs is a separate process, which ends with another court hearing before a specialist costs judge in the UK. But in the meantime, Mallya must pay 200,000 pounds towards this legal costs liability.

May 15, 2018
The National Company Law Tribunal (NCLT) today approved Tata Steel's bid for debt-ridden Bhushan Steel. The tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs 1 lakh.
New Delhi, May 9, 2018
Fugitive businessman Vijay Mallya was dealt a severe blow in the ongoing battle in the UK Court when a British high court judge ruled that any judgment against him in India can be enforced against his assets in England and Wales; US political brinksmanship, troubles in Middle East and Brexit in March 2019 are just some of the political and geographical issues that are driving global gold prices up and US President Donald Trump has announced the unilateral US withdrawal from what he termed a \"defective\" nuclear deal with Iran. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

May 9, 2018
The victory for the banks, which claimed the businessman had wilfully defaulted on the loans accessed from them, will enable them to enforce the Indian judgment against Mallya's assets in England and Wales.

Anand Adhikari
March 26, 2018
The NCLT is a quasi-judicial body that adjudicates all the cases related to Indian companies and also the bankruptcy cases. There are already more than 600 bankruptcy cases where there is a time bound mechanism of 180 days (maximum 270 days) to restructure a case or approve liquidation of the company.

March 1, 2018
The ED probe revealed that Subramanian availed term loan and cash credit amounting to Rs 77 crore to set up a chain of stores, and instead diverted the funds for purposes other than what it was meant for.

February 21, 2018

February 20, 2018

February 14, 2018

December 14, 2017
Vijay Mallya, who is undergoing an extradition trial in a UK court over Rs 9,000-crore fraud and money laundering charges, will face next year a parallel litigation brought by 13 Indian banks to freeze nearly $1.5 billion of his assets.

New Delhi, October 10, 2017
Comments have been sought on draft regulations pertaining to insolvency resolution process for individuals and firms.

Anand Adhikari
Delhi, August 4, 2017
Insolvency professionals backed by banks are taking over the headquarters of some of the biggest corporate defaulters. Their success will be key to solvingthe NPA problem.

Ramesh Vaidyanathan
New Delhi, July 31, 2017
Insolvency resolution took 4.3 years on an average, which was much longer than the global average of 1.5 years. India stood 136th in World Bank's ranking on resolving insolvency.

New Delhi, May 6, 2017
The banking ordinance reflects commitment of the government to deal with the NPA problem, and the banking system should move quickly to take benefits of the enabling provisions.

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