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 2019All 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 2019The 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 2018PMLA tribunal also restrained Vijay Mallya from dealing with his movable and immovable properties and creating third party interests
3 min read10 Oct 2018Supreme Court asks Debt Recovery Tribunal to sell commercial properties of the real estate firm
2 min read12 Sep 2018The 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 2018Move aims at reducing pendency of cases in the 39 DRTs in the country
1 min read6 Sep 2018The 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 2018In 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 2017Justices Adarsh Kumar Goel and U.U. Lalit will hear the matter against Vijay Mallya on 9 March
1 min read4 Mar 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared