DRT News

Mallya assets freeze order in UK courts until April 2018

Mallya assets freeze order in UK courts until April 2018

Mallya and related concerns - Ladywalk LLP, Rose Capital Ventures Ltd and Orange India Holdings - are listed as respondents. The claim, dated November 23, relates to a judgment of the Debt Recovery Tribunal (DRT) in Karnataka dated January 19 this year ...and more »

Where was the police disaster team?

Where was the police disaster team?

A senior police officer said the DRT was constituted under the Rapid Response and Rescue Force (RRRF). "The DRT's prime duties are to rescue people during disasters and create awareness among people about calamities. "The government has spent around Rs ...

Money laundering case: Mallya assets freeze order in UK courts until April

Money laundering case: Mallya assets freeze order in UK courts until April

Mallya and related concerns Ladywalk LLP, Rose Capital Ventures Ltd and Orange India Holdings are listed as respondents. The claim, dated November 23, relates to a judgment of the Debt Recovery Tribunal (DRT) in Karnataka dated January 19 this year ...

Ardian Enters into Exclusivity to Become Majority Shareholder of DRT alongside Founding Families and Tikehau Capital

Ardian Enters into Exclusivity to Become Majority Shareholder of DRT alongside Founding Families and Tikehau Capital

In that respect, DRT fits perfectly within two of Ardian's core verticals, namely ingredients and fine chemical. With a turnover estimated at €500m in 2017, DRT is a truly international company with more than 80% of its business made outside of France ...and more »

Brief case: DRT to hear auction buyer's plea

Brief case: DRT to hear auction buyer's plea

The Supreme Court last week ruled if there is a dispute between the buyer at the auction of a mortgaged property and the secured creditor, it should be resolved by the debt recovery tribunal (DRT) and not by a high court. In this case, Agarwal Tracom ...and more »

DRT conducts 'Court Camp'

DRT conducts 'Court Camp'

DEBT Recovery Tribunal (DRT), Jabalpur organised a 'Court Camp' at State Bank of India, Administrative Office, Raipur from November 29 to December 4. The DRT functions under the Financial Services Department of Ministry of Finance and Madhya Pradesh as ...

The Insolvency and Bankruptcy Code, 2016: The advent of an era of ...

The Insolvency and Bankruptcy Code, 2016: The advent of an era of ...

The insolvency laws in India have quite the complicated history to say the least. However, with the advent of the code, there have been unprecedented changes in the landscape of insolvency laws in India, most importantly the inclusion of the concept of ...

Economics for Everyone: The Insolvency and Bankruptcy Code in India and the National Company Law Tribunal

Economics for Everyone: The Insolvency and Bankruptcy Code in India and the National Company Law Tribunal

Appeals from the order of the DRT will lie to the Debt Recovery Appellate Tribunal (“DRAT”);; The National Company Law Tribunal (“NCLT”) shall be the Adjudicating Authority with jurisdiction over companies, other limited liability entities (including ...and more »

Don't panic

Don't panic

However the apprehension expressed by many from the beginning to the effect that defaulters would find a way to get around the apparently stringent provisions of the Code and that it would turn out to be ineffective just like the the earlier measures ...

HC concern over Court orders impacting recovery of bank loans

HC concern over Court orders impacting recovery of bank loans

“It is a matter of serious concern that despite repeated pronouncement of this Court, the High Courts continue to ignore the availability of statutory remedies under the DRT Act and SARFAESI Act and exercise jurisdiction under Article 226 for passing ...