DRT News

Vijay Mallya loses UK case, his England & Wales assets can be sold by Indian banks

Vijay Mallya loses UK case, his England & Wales assets can be sold by Indian banks

On November 24, 2017 the banks had registered the judgment of the Indian DRT in the English courts and obtained a freeze order stating that Mallya cannot dispose of or diminish his worldwide assets up to the value of £1,145,000,000 (Rs 10,210 crore).

Ketan Parekh, Bank of India scam: Lender gets back Rs 137 cr in Harshad Mehta-type swindle

Ketan Parekh, Bank of India scam: Lender gets back Rs 137 cr in Harshad Mehta-type swindle

In an order dated May 11, 2018, the Debt Recovery Tribunal (DRT) allowed BOI to take charge of the fixed deposits of three companies — Ketan Parekh-Classic Credit Ltd, Panther Fin Cap & Management Services, Panther Invest Trade. The court has asked ...

DNA MONEY EXCLUSIVE: BOI recovers entire money from Ketan Parekh in pay order scam

DNA MONEY EXCLUSIVE: BOI recovers entire money from Ketan Parekh in pay order scam

Bank of India's (BOI) 18-year-old-year old legal struggle against the scam-tainted Ketan Parekh has finally paid off. The government-owned bank has managed to recover the entire money in the Rs 137 ... In an order dated May 11, 2018, the Debt Recovery ...

Vijay Mallya loses USD 1.55 billion assets case in UK court

Vijay Mallya loses USD 1.55 billion assets case in UK court

TLT acted for the Indian banks in successfully defeating two applications -- first, an application to set aside the first recorded case of a judgment of the Debt Recovery Tribunal (DRT) in India being registered by the English High Court, and the ...

Growing corporate governance propels talent in India's legal sector

Growing corporate governance propels talent in India's legal sector

In the traditional banks and non-banking financial companies (NBFCs), the growth in non-performing assets has made it essential for professionals to understand the intricacies of Debts Recovery Tribunals (DRT), Securitization and Reconstruction of ...

DRT orders: While Nirav Modis, Mehul Choksis escape net, people like Nirmala Prakash stand to lose their homes

DRT orders: While Nirav Modis, Mehul Choksis escape net, people like Nirmala Prakash stand to lose their homes

New Delhi: Nirmala Prakash, a widow and resident of Delhi, doesn't know of India's infamous loot-and-scoot fraudsters like Nirav Modi, Mehul Choksi, Vijay Mallya, Sabhya Seth, Chetan Sandesara, Jatin Mehta. Neither can she link their 'contribution' to ...

Beta Pinene Market Demand and Key Players by 2023: IFF, Symrise, DRT and Socer Brasil

Beta Pinene Market Demand and Key Players by 2023: IFF, Symrise, DRT and Socer Brasil

Regions contributing in the development of the Beta Pinene market are: Mexico, France, Egypt, UAE, South America (Brazil, Nigeria, Oceanian sub-region (New Zealand and Australia) and the Middle East and Africa (Saudi Arabia, India and Southeast Asia), ...

India: Applicability Of Moratorium To Personal Guarantors Of The Corporate Debtor Under Section 14 Of Insolvency ...

India: Applicability Of Moratorium To Personal Guarantors Of The Corporate Debtor Under Section 14 Of Insolvency ...

While staying the proceedings at the Ld. DRT against even the personal guarantors, the Hon'ble Allahabad High Court observed that in cases where the insolvency resolution process has already begun and the liability has not been crystallized against ...

India: Analysis Of

India: Analysis Of "ITC Ltd. vs. Blue Coast Hotels Ltd. & Ors."(Section 13 (3-A) of the SARFAESI Act Is Mandatory ...

Blue Coast Hotel aggrieved by the said auction sale notice, filed a Securitization Application ("S.A.") against the said notice before the Ld. Debt Recovery Tribunal ("DRT") wherein, the Ld. DRT passed an interim order directing IFCI not to take any ...

Vijay Mallya Loses UK Lawsuit Filed by Indian Banks, Now His Assets Can Be Sold by Banks

Vijay Mallya Loses UK Lawsuit Filed by Indian Banks, Now His Assets Can Be Sold by Banks

Vijay Mallya has lost a lawsuit filed against him by a consortium of 13 Indian banks. This is a great setback for the business tycoon as he has to give $15.5 billion to these banks. Here, it is pertinent to mention that Debit Recovery Tribunal (DRT ...and more »