DRT News

SC appoints NBCC to construct stalled projects of Amrapali Group, DRT to sell its properties

SC appoints NBCC to construct stalled projects of Amrapali Group, DRT to sell its properties

The court noted that Rs 1,590 crore can be generated from the sale of unsold inventory and said "Dharmendra Singh Rathore, officer of the Debts Recovery Tribunal (DRT) is entrusted with the sale of properties mentioned in the list of commercial ...

Finance Ministry moves to declutter DRTs to ease debt recovery

Finance Ministry moves to declutter DRTs to ease debt recovery

Last week, the government decided to double pecuniary limit to Rs 20 lakh for filing applications with DRT, following the amendment to rules of Recovery of Debts due to Banks and Financial Institutions Act, 1993. “This will free up DRTs, leaving them ...

Monetary limit for filing cases in DRT doubled to Rs 20 lakh

Monetary limit for filing cases in DRT doubled to Rs 20 lakh

New Delhi, Sep 6 () The government Thursday doubled the pecuniary limit to Rs 20 lakh for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions. The move is aimed at helping reduce pendency of cases ...and more »

Delhi aviation firm buys Mallya's two choppers in e-auction

Delhi aviation firm buys Mallya's two choppers in e-auction

Bengaluru– Delhi-based Choudhary Aviation Facilities Ltd had bought two helicopters of fugitive business tycoon Vijay Mallya in an e-auction conducted by the Debt Recovery Tribunal (DRT-II) here, a company official said on Wednesday. “Our company ...

Dispute Resolution in English Courts Post-Brexit

Dispute Resolution in English Courts Post-Brexit

In January 2017, a consortium of 13 Indian banks obtained a judgment from the Debt Recovery Tribunal (DRT) in India against, among others, Vijay Mallya, erstwhile liquor baron and team principal of the Force India Formula One team. The judgment was for ...

DRT Presiding Officers Serving As On Sept 1, 2016, Entitled To Complete Term Until They Attain Age Of 65, Holds SC ...

DRT Presiding Officers Serving As On Sept 1, 2016, Entitled To Complete Term Until They Attain Age Of 65, Holds SC ...

Union of India was that since by the Amendment Act, new Section 6 stands 'substituted' with the old Section 6, the provision would be applicable also to those Presiding Officers who were holding the post as on September 1, 2016, when the amendment was ...

India: IBC: Applicability Of The Moratorium To Personal Guarantor

India: IBC: Applicability Of The Moratorium To Personal Guarantor

The petitioner challenged the decision of DRT before the Hon'ble Allahabad High Court by filing a writ petition, which stayed the recovery proceedings against the guarantor(s) as initiated by DRT, till finalization of the Corporate Insolvency ...

SBI denies any laxity on its part in dealing with fugitive Vijay Mallya's case

SBI denies any laxity on its part in dealing with fugitive Vijay Mallya's case

The comments by State Bank of India (SBI) came after reports suggested that the bank, which was the lead lender to Kingfisher Airlines, was in February 2016 advised to move the Supreme Court to stop Mallya from fleeing the nation but the lenders moved ...

Global Disproportionated Rosin Market 2018 Industry Events – Arizona Chemical, Arakawa Chemical, DRT, Deqing ...

Global Disproportionated Rosin Market 2018 Industry Events – Arizona Chemical, Arakawa Chemical, DRT, Deqing ...

Additionally, the report provides insights related to trends and their impact on the regional market covering North America, Europe, China, Japan, Southeast Asia, India, Other Regions (India, Southeast Asia, Central & South America and Middle East ...

Vijay Mallya 'meeting' with Arun Jaitley: If FM knew of his plan to leave, why didn't Indian govt prevent getaway?

Vijay Mallya 'meeting' with Arun Jaitley: If FM knew of his plan to leave, why didn't Indian govt prevent getaway?

On 2 March: Mallya leaves India with seven bags and with an unidentified woman in a Jet Airways flight. On 7 March: The Bengaluru DRT finally issues an interim order only putting a temporary ban on Mallya from drawing the severance pay. Earlier in the ...