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Maharashtra Protection Of Interest Of Depositors Act (mpid) Act

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Bombay HC to hear FTIL asset attachment case on July 25

The Bombay HC said there was no urgency as far as this case was concerned and that it would be heard on Monday, July 25.
EOW begins attachments, borrowers in line of fire

The focus of this offensive is on borrowers, with the first order featuring 20-25 properties. These properties belong, primarily, to ARK one of the 6 main borrowers who account for nearly 70% of the 5600 crore in question.
EOW eyes sweeping powers to tackle Jignesh Shah: Srcs

Sources have confirmed that EOW is currently considering the invocation of the Maharashtra Protection of Interest of Depositors Act (MPID Act).

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