Drt

With over Rs 977 crore in sanctioned loans, Gensol Engineering is facing intensified recovery proceedings from lenders amid widening financial and governance lapses.

ICICI Bank moves Hyderabad DRT to recover dues from Karvy

The Hyderabad DRT has asked Karvy to repay the dues within 15 days, failing which the firm's properties will be attached.

Lenders drag Karvy to DRT for recovery of loans

The lenders are hoping to recover money from Karvy by seeking the sale of broker’s assets which is pledged with bankers by the DRT. A source close to development told Moneycontrol, "Karvy's promoters pledged their own stake and other assets which are around worth of Rs 5,000 crore."

SC asks govt if timelines for debt recovery can be met

The Supreme Court on Tuesday sought clarity from the government on the debt recovery infrastructure in the country.

Lok Sabha passes SARFAESI, DRT Amendment Bill

Finance Minister Arun Jaitley ruled out any waiver in the event of education loan defaults, saying "some compassion" has to be shown if someone is unemployed and till he gets a job, but the loan cannot be written off.

DRT directs Diageo not to disburse $ 40 million to Mallya

During the proceedings, the DRT here also took the bankers to task for not exercising due deligence and take appropriate action to prevent Mallya from receiving USD 40 million.

Will Bankruptcy Code succeed where DRT, SARFAESI have failed?

On paper, the Bankruptcy Code is an earth-shattering law. Let's hope it will be implemented that way.

Tribunal bars Mallya from accessing $75mn from Diageo deal

In a major setback for liquor baron Vijay Mallya, the Debt Recovery Tribunal (DRT) today barred him from accessing USD 75 million (Rs 515 crore) exit payment from Diageo till the loan default case with State Bank of India is settled.

KFA Lenders Invoke Mallya's Personal Guarantee

In a rare act of aggression, lenders to Kingfisher Airlines have invoked the personal guarantee offered by promoter Vijay Mallya.