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    • Debt Recovery Tribunal bars Gensol promoters from sale or transfer of assets

      In an order issued on Wednesday, the tribunal has also asked the court appointed officer to take possession of mortgaged EVs of Blu Smart.

    • Booked a house under the 80:20 scheme? Here’s what you should know

      Instances of builders making homebuyers to pay pre-EMIS, which the former are liable to do, are many. Recently, the Delhi HC said homebuyers need not have to do that. Legal experts say it is always advisable for buyers to opt for a construction-linked payment plan.

    • Limit to file cases under DRT raised to Rs 20 lakh; FinMin to launch e-DRTs by year-end

      According to government estimates, over 38,000 cases account for only 4 percent in terms of value of bad loans.

    • Start recovery of Rs 6,203 cr from Vijay Mallya: DRT to banks

      At the jam-packed new rented space of DRT which was inaugurated today, Sreenivasan also disposed of as many as 20 Interlocutory Applications including several by Mallya and his companies.

    • DRT allows banks to recover Rs 6,203 cr from Vijay Mallya

      In a setback to Vijay Mallya, the Debt Recovery Tribunal (DRT) Thursday allowed SBI-led consortium to petition against the liquor baron. The tribunal has ordered payment of Rs 6,203 crore.

    • Mallya Case:DRT reserves order on banks plea for dues recovery

      The Debt Recovery Tribunal here has reserved its order on the pleas of SBI-led consortium of banks for recovery of over Rs 9,000 crore from beleaguered liquor baron Vijay Mallya in the Kingfisher Airlines case.

    • Karnataka HC summons Vijay Mallya to appear on November 24

      A division bench comprising justices Jayant Patel and Aravind Kumar gave the direction on petitions by a consortium of banks.

    • Mallya Case: DRT asks Airbus to deposit Rs 192.51 cr

      Passing orders on an amended plea filed by the consortium led by the Oriental Bank of Commerce for recovery of the payment, DRT Presiding Officer K Srinivasan directed Airbus to deposit Rs 192.51 crore from any source within eight weeks.

    • DRT reserves orders for July 25 on UBHL, Vijay Mallya's plea

      Submitting grounds for seeking cross-examination of the documents submitted by bankers, Mallya and UBHL's counsel said the statements of interest levied on loans availed in the documents did not bear signatures and seals.

    • DRT orders tomorrow on 3 in'cutory applications in Mallya case

      Dutch beer major Heineken had filed an application before the Debt Recovery Tribunal, seeking to be impleaded in the case to enjoy Right of First Refusal (ROFR) over UBL shares.

    • Kingfisher Airlines application: DRT may pass order on July 7

      The Debt Recovery Tribunal may pass orders on July 7 on an application by Kingfisher Airlines seeking amendment to its earlier written reply in response to the original application (OA) filed by a consortium of banks in the Vijay Mallya case.

    • SBI seeks DRT certificate to recover debts from Mallya

      Making submissions on Kingfisher Finvest India versus the bank case, Nagananda submitted the defendants - Mallya and Kingfisher Airlines Limited - have not filed any denial against allegations of fraud made against them, which makes the bank's case strong to recover debts from Mallya and his companies.

    • HC stays for 3 months DRT order issuing demand notice to UBHL

      The Karnataka High Court on June 17 stayed for three months the Debt Recovery Tribunal's order issuing a demand notice to Vijay Mallya-owned United Breweries Holdings Limited (UBHL) and Kingfisher Airlines to pay Rs 192 crore on an application by three banks

    • Standard Chartered alleges Vijay Mallya colluded with bankers

      Making submissions before DRT Presiding Officer C R Benakanahalli, SCB's counsel G Krishnamurthy argued that the fact that Mallya did not object to the interim order passed by DRT preventing SCB's transaction with Diageo Plc stands clear 'testimony' to collusion between the liquor baron and banks.

    • Vijay Mallya case: Heated argument in DRT

      In a counter submission, bankers' counsel said he used the unparliamentary words not against Kingfisher Finvest but other defendants.

    • Vijay Mallya case:Tribunal to take up 7 IAs for final hearing

      During the Debt Recovery Tribunal's proceedings post-lunch session, counsel for Kingfisher Finvest pleaded before the Presiding Officer to hear the company's three IAs, including the 'Lifting of Corporate Veil', which is being heard by the tribunal after the bankers' made the plea.

    • ED attaches Mallya, UBHL assets; DRT to hear default case today

      The assets include his bank balance of Rs 34 crore and a flat in Bangalore and Mumbai each. The UB Towers in Bangalore are also part of the list of assets.

    • Oriental Trimex account turned NPA in 2012 on default: ICICI

      ICICI Bank on June 9 informed stock exchanges that the account of Oriental Trimex which failed to repay Rs 6.88 crore loan was classified as an NPA in 2012

    • Mallya case: DRT advises bks to coordinate recovery of Rs 2k cr

      The Debt Recovery Tribunal today advised SBI-led consortium of banks in Vijay Mallya case to make coordinated efforts among themselves to recover around Rs 2000 crore parked in courts in the country and reduce losses to the tune of over Rs 9000 core incurred by the banks.

    • UBHL seeks a month's time to file results due to Mallya cases

      UBHL has sought a month's time to file last fiscal's results citing "uncertainties" resulting from ongoing cases against its Chairman Vijay Mallya in the Supreme Court and Debt Recovery Tribunal over the Rs 9,000 crore dues owed by its defunct group firm Kingfisher Airlines to lenders

    • United Breweries withholds dividend payment to Mallya

      The board of the company in its meeting held on May 13, 2016 had recommended 115 percent dividend, which is Rs 1.15 per equity share of Re 1 for the financial year ended March 31, 2016.

    • Requests by banks to suspend passports of defaulters on rise

      Plagued by the problems of bad loans, public sector banks are making a beeline for Regional Passport Office with request to suspend passports of "chronic" loan defaulters in order to prevent them from escaping from the country

    • FinMin looks to revamp SARFAESI, DRT Bills

      The finance ministry has already floated the cabinet note for these bills for inter-ministerial consultation. And CNBC-TV18 learns that the law ministry has begun examining the proposed amendments.

    • Forcing Mallya to come back to India is bad strategy: Pai

      "I think it's a bad strategy to force him to come back because I don't think they have a strong case to do what they are doing," former Chief Financial Officer of software major Infosys, T V Mohandas Pai said.

    • Diageo to 'review' Tribunal order, says $40mn paid to Mallya

      Mallya has come under intense scrutiny in recent weeks after a sweetheart deal he inked with Diageo, the current controlling owner of United Spirits, under which he is getting Rs 515 crore (USD 75 million) to exit from the board of the company founded by his family and taken to the top by him.

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