Thane, April 11 A special court in Maharashtra's Thane district has sentenced the mastermind of an investment fraud to three years of rigorous imprisonment, and ordered the government authorities to auction his seized properties to repay the money of hundreds of duped investors.In an order...
Mumbai, March 19 The Bombay High Court has criticized the misuse of provisions of the Insolvency and Bankruptcy Code (IBC) by loan defaulters and guarantors to "gain immunity" by imposing a moratorium, and said this practice has the potential to negatively impact the country's economy.A bench...
bankruptcy proceedings
debt default
debt recovery tribunal
financial facilities
guarantors
insolvency and bankruptcy code
loan defaulters
moratorium
national company law tribunal
propertyauction
securitisation and reconstruction of financial assets act
south mumbai
union bank of india
Mumbai, March 17 State-owned Punjab National Bank on Tuesday invited bids to sell the non-performing assets (NPAs) of Rolta Pvt Ltd, worth Rs 450.85 crore.The NPAs consist of a land parcel and building in Gurugram, Haryana, measuring approximately 7,800 sq m. The reserve price for the asset...
asset valuation
building
e-auction
financial recovery
gurugram
haryana
land parcel
municipal dues
non-performing assets
npa sale
propertyauction
punjab national bank
real estate
recovery proceedings
rolta pvt ltd