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Winsome Diamonds case: Jatin Mehta invokes 50-year-old case involving Maharani of Baroda

The Mehtas are subject to a worldwide freezing order, but are seeking to halt the proceedings on the ground that the dispute has no meaningful connection with England.

Winsome Diamonds’ Mehta family face allegations of $1 billion fraud, have declared assets worth only $146 million

The case has its genesis in the precious metals facility between Winsome Diamonds and Standard Chartered Bank which was entered in October 2008.

Five promoters who siphoned funds overseas, defrauded Indian banks

Prior to the government’s new overseas investment rules, bankers learned some hard lessons in the corporate loan business

Winsome Diamonds fraud case: The Mehtas face global asset tracking exercise through UK court

The Mehtas of Winsome Diamonds who owe over a dozen Indian banks more than Rs 5,000 crore now face the heat through proceedings in the high court in London

Winsome Diamonds faces insolvency proceedings: Report

The Jatin Mehta-led company owes lenders Rs 4.700 crore, according to the DRT report.

CBI, ED hit a roadblock in Winsome Diamonds case; banks lose hope of repayment

The two government agencies are dependent on the United Arab Emirates (UAE) government for information about these 13 firms.

After Kingfisher, CBI shifts focus to Winsome loan default case

The Central Bureau of Investigation (CBI) is filing the chargesheet in Winsome Diamonds loan default case. Like with the loans to the now bankrupt Kingfisher Airlines, CBI has evidence that proper procedures were not followed by bankers while lending to Winsome.

Stocks in news: Voltas, Omaxe, TCS, Cairn, United Spirits

Winsome Diamonds unlikely to get restructured: Central Bank

In an interview to CNBC-TV18, RK Goyal, ED of Central Bank of India spoke about Winsome Diamonds account. Central Bank of India has classified both the accounts of Winsome Diamonds as non-performing assets (NPAs).

Stocks in news: Sun Pharma, Gitanjali, Tata Motors, Winsome

CDR cell sees over 50% jump in loan recast requests in Q1

Around Rs 47,359 crore of loans were referred to the corporate debt restructuring (CDR) in just one month, which is over half of what was referred in the last year

Stocks in news: Magma Fin, ITC, Jindal Steel, Religare, NFL

Stocks in news: Sintex, Wipro, TFCI, Bharti, Ramco Systems

Lenders group to recover Rs 4Kcr default from Winsome

A consortium of 15 banks, mostly state-run lenders which face the prospects of losing about Rs 4,000 crore after three foreign lenders of the troubled jewellery exporter Winsome Diamonds encashed their letters of credit, have formed a core group to monitor the issue on a regular basis.

Lenders optimistic on recovery from Winsome Diamonds

After rating agencies downgraded the Rs 4000 crore Winsome Diamonds, lenders say payments could be delayed, but they are confident of recovering dues from the company.