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Debt Recovery Tribunal

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Banks told to recover Rs 6,203 crore from Mallya

The order brings an end to the nearly three-year legal battle in the Tribunal by the consortium, comprising 17 banks, to recover the money owed to them by the defunct airlines. The Debt Recovery......

SC seeks details of banks' debt recovery cases

The Supreme Court on Tuesday asked the Centre to give details of recovery cases filed by banks and financial institutions and those pending in debt recovery tribunals and their appellate bodies for......

India's debt recovery mechanism off to slow start

India’s debt recovery and restructuring framework is still a work in progress, even six months after the President's assent to the Insolvency and Bankruptcy Code 2016. Illustration: Uttam......

Debt recovery tribunals to go online, dispose cases faster

The change may give “secure creditors” the first right to auction an asset in order to recover the dues.  Image: The government is setting up a central registry for lodging......

Forcing Mallya to come back is bad strategy: Mohandas Pai

Better strategy, he said, is to get the Debt Recovery Tribunal to pass an order invoking guarantee he has given to banks and attach his assets. Forcing beleaguered businessman Vijay Mallya, who......
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PSBs record decline in NPA recovery

Minister of State in the Ministry of Finance, Santosh Kumar Gangwar, revealed in Rajya Sabha on Tuesday that Public Sector Banks (PSB) recorded a... ...

http://www.business-standard.com/article/news-ani/psbs-record-decline-in-npa-recovery-117020700955_1.html
SBI Chairman

Chennai: Allocation of money for infrastructure, capital infusion, activation of the new laws are the major expectations of the banking sector from... ...

http://www.sify.com/finance/budget-should-be-investment-consumption-oriented-sbi-chairman-news-budget-rb4xueigddaig.html
Service tax office to auction Mallya's jet plane on March 15-16

Mumbai - The Indian Service Tax Department will auction absconding industrialist Vijay Mallya-led Kingfisher Airlines' corporate jet in March to... ...

http://www.sify.com/finance/service-tax-office-to-auction-mallyas-jet-plane-on-march-15-16-news-finance-rb4rajcggifcd.html
HC issues warrant against Mallya

The high court on Friday issued a warrant against liquor baron Vijay Mallya for contempt of court. A consortium of banks has accused him of... ...

http://www.deccanherald.com/content/593536/hc-issues-warrant-against-mallya.html
Karnataka HC issues bailable arrest warrant against Mallya

The Karnataka High Court today issued a bailable arrest warrant against beleaguered liquor baron Vijay Mallya for allegedly violating an... ...

http://www.business-standard.com/article/pti-stories/karnataka-hc-issues-bailable-arrest-warrant-against-mallya-117012700832_1.html

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