DRT News

Mallya's Good Times May Eventually Cost India's Banks Rs 4300 Crore

Mallya's Good Times May Eventually Cost India's Banks Rs 4300 Crore

In 2013, after the loan to KFA was classified as an NPA by most banks, the consortium had filed an application before the Debt Recovery Tribunal (DRT), Bengaluru (SBI and Ors v Kingfisher Airlines Ltd and Ors, 2017) demanding a recovery of Rs 6,203.35 ...and more »

SBI to initiate action against Gupta Global

SBI to initiate action against Gupta Global

NAGPUR: State Bank of India (SBI) has sought consent of other banks in a consortium of lenders, which had loaned money to Gupta Global Private Limited, to invoke the provisions of the SARFESI Act. The company is a part of the Gupta Group headed by city ...

Insolvency law: Now, creditors to recover loans faster; here's how

Insolvency law: Now, creditors to recover loans faster; here's how

The Insolvency and Bankruptcy Code (IBC) 2016 has had a reasonably good beginning with the Insolvency and Bankruptcy Board of India (IBBI) being made operational from December 1, 2016. The Bankruptcy Code aims to improve the ease of doing ...

War On Bad Loans Being Fought By A Headless Warrior

War On Bad Loans Being Fought By A Headless Warrior

Officials at DRT I and III refused to share the data on pending cases and recoveries involved. DRTs are part of the debt-recovery framework in India. They are a key adjudication forum for the recovery of assets underlying bad loans at Indian banks ...and more »

DRT to pronounce verdict in Vijay Mallya case tomorrow

DRT to pronounce verdict in Vijay Mallya case tomorrow

DRT had been conducting hearings from the current building since December 1994, and is the oldest tribunal in South India. Initially, DRT Bengaluru handled cases of Karnataka, Kerala, Tamil Nadu, Andhra Pradesh and Puduchery, but gradually its burden ...and more »

Bombay HC upholds decision to shift DRT-3 from South Mumbai to Vashi

Bombay HC upholds decision to shift DRT-3 from South Mumbai to Vashi

MUMBAI: The Bombay high court has upheld a decision by the Centre to shift one of the Debt Recovery Tribunals (DRT) from Mumbai to a new site at Vashi. Throwing out a challenge to the relocation, raised by the DRT Bar Association, the HC said it did ...and more »

Bengaluru DRT allows consortium of banks to recover Rs 9000 cr from Vijay Mallya

Bengaluru DRT allows consortium of banks to recover Rs 9000 cr from Vijay Mallya

The Debt Recovery Tribunal in Bengaluru on Thursday passed orders in favour of the several banks seeking to recover more than Rs 9,000 crore in loans from the now-defunct Kingfisher Airlines. Owned by Vijay Mallya, the airline, once India's second ...

RBI shortlisting 12 big accounts for insolvency is great news for banks, but there are 3 key challenges

RBI shortlisting 12 big accounts for insolvency is great news for banks, but there are 3 key challenges

The Reserve Bank of India (RBI) directing banks to initiate insolvency proceedings against 12 shortlisted companies under the Insolvency and Bankruptcy Code (IBC) that have fund/non fund exposure of above Rs 5,000 crore where 60 percent or more has ...and more »

Chandigarh: Citing financial irregularities, misbehaviour, plea seeks transfer of DRT-I president

Chandigarh: Citing financial irregularities, misbehaviour, plea seeks transfer of DRT-I president

FORMER PRESIDENT of the Debt Recovery Tribunal (DRT) Bar Association Chandigarh, advocate Inder Partap Singh, on Monday filed an application before the Punjab and Haryana High Court seeking transfer of Harcharan Singh, presiding officer of DRT-I, for ...and more »

Global Soybeans Phytosterol Market 2017: Cargill, Enzymotech, Fenchem, Arboris, DRT

Global Soybeans Phytosterol Market 2017: Cargill, Enzymotech, Fenchem, Arboris, DRT

This Soybeans Phytosterol Industry report also states import/export, supply and consumption figures as well as cost, price, Global Soybeans Phytosterol Market revenue and gross margin by regions (South East Asia, India, North America, Europe, Japan and ...and more »