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Deccan Chronicle's Holdings: Lenders seize assets

Lenders to debt-laden media firm Deccan Chronicle Holdings Limited have started the process of recovering their loans, starting with intangible assets.“We have initiated the recovery process......

Rs 1,000-cr loss in loan recovery via DRTs

An internal audit undertaken by the finance ministry has revealed that officers entrusted to recover debt as per the orders of debt recovery tribunalsoften settled cases at a low amount, leading to......

How to deal with recovery agents & debt

Once upon a time, Anil Chawla of Bhopal was a bright young engineer just out of the prestigious Indian Institute of Technology, Mumbai. Unlike most of his classmates, he did not go to the US for......

Daewoo assets up for fresh sale

The Debt Recovery Tribunal, Mumbai, has issued a fresh notice regarding the bankrupt Daewoo Motors India Ltd, placing the company's assets in the open market with the intention of selling the......

Tribunal stays ICICI notice to Mardia

The recovery of distressed assets by banks and financial institutions on Tuesday took a new twist when the Debt Recovery Tribunal, Ahmedabad, stayed ICICI Bank's notice of July 16, 2002, to Mardia......
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Implementing Bankruptcy Code may set off Ministry turf war

A turf war could erupt within Central Ministries over the ownership of the proposed Bankruptcy Code and the related tribunals that would resolve... ...
SBI finally tags Vijay Mallya wilful defaulter, others still dragging feet. We need special courts to fix crony promoters

The banks' battle with Kingfisher Airlines continues with the leading lender in the consortium State Bank of India (SBI) finally tagging Vijay... ...
Fixing bankruptcy, insolvency laws

To arrive at a unified code, many existing laws would need to be amended, repealed or overridden Sudipto Dey November 22, 2015 Last Updated at... ...
Uco Bank files recovery suit in DRT against REI Agro

State-run Uco Bank, which leads a consortium of lenders to Basmati rice exporter REI Agro, has filed a recovery suit in the debt-recovery tribunal... ...
Banks hire detectives to sniff out default corporate borrowers

IDBI Bank, SBI among lenders employing private detectives to track absconding corporate borrowers and find unencumbered assets; Detectives are... ...

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