Debt Recovery Tribunal News

Companies

Denied relief by Sebi, Karvy’s lenders look at DRT, IBBI options

Lenders are also considering a move to sell minority stakes in the sister concerns of Karvy Stock BrokingICICI Bank on 20 Dec became the first lender to approach the Hyderabad DRT for recovery of dues

3 min read30 Dec 2019
Industry

SBI reports frauds of ₹7,951 crore in 9 months of FY'19

All these accounts became NPAs much earlier and most of the portfolio is already provided for with 100% provisionThe nation's largest lender said the first quarter reported 669 cases of fraudulent activities amounting to ₹723.06 crore

1 min read1 Mar 2019
Industry

Banks recover ₹40,400 crore from defaulters: RBI report

The various channels through which lenders recovered their bad loans include the Insolvency and Bankruptcy Code, SARFAESI Act, debt recovery tribunals and Lok Adalats

2 min read30 Dec 2018
Politics

PMLA tribunal asks ED to maintain status quo on properties of Vijay Mallya till 26 Nov

PMLA tribunal also restrained Vijay Mallya from dealing with his movable and immovable properties and creating third party interests

3 min read10 Oct 2018
Companies

SC appoints NBCC to construct stalled projects of Amrapali

Supreme Court asks Debt Recovery Tribunal to sell commercial properties of the real estate firm

2 min read12 Sep 2018
Politics

Set up e-auction platform to speed up sale of confiscated assets, govt tells state-run banks

The government has raised the minimum loan limit for filing of cases in debt recovery tribunals to ₹20 lakh from ₹10 lakh

2 min read11 Sep 2018
Industry

Limit for filing cases in DRT doubled to ₹20 lakh

Move aims at reducing pendency of cases in the 39 DRTs in the country

1 min read6 Sep 2018
Opinion

Insolvency and Bankruptcy Code: a legislation mired in controversy

The focus of the Insolvency and Bankruptcy Board of India and the government must shift from tinkering with the law to building proper infrastructure

4 min read24 Apr 2018
Industry

First test of India’s new bankruptcy law offers cautionary tale

In January, Innoventive Industries was forced into the bankruptcy court by its lenders, testing for the first time new insolvency rules that aim to resolve $150 bn bad debt overhang

4 min read11 Jul 2017
Politics

Vijay Mallya case: SC to hear banks’ plea against transfer of $40 million

Justices Adarsh Kumar Goel and U.U. Lalit will hear the matter against Vijay Mallya on 9 March

1 min read4 Mar 2017
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