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Debt recovery
Debt recovery News
Vijay Mallya
20 Oct 2016
Vijay Mallya case: Karnataka HC summons beleaguered liquor baron to appear on November 24
In a case involved with alleged violation of an undertaking given by beleaguered liquor baron Vijay Mallya, Karnataka High Court summoned him on Thursday. Mallya and his companies had earlier provided an undertaking to not transfer their equity shares in United Breweries to Diageo Plc.
Debt recovery
08 Aug 2016
Passage of quicker debt recovery bill credit positive: Moody's
Passage of the Bill to fast track debt recovery, together with the bankruptcy law passed earlier, will lead to structural improvements and is credit positive for Indian banks, Moody's Investors Service said on Monday.
Debt Recovery Bill
31 Jul 2016
Lok Sabha to take up Debt Recovery Bill on Monday
The government is scheduled to move in the Lok Sabha on Monday an amended bill to strengthen the debt recovery laws with an objective to improve the ease of doing business in the country.
loan default
11 May 2016
Govt brings Bill for faster disposal of debt recovery pleas
Amid furore over Vijay Mallya loan default matter, the government on Wednesday introduced in the Lok Sabha a Bill which provides for expeditious disposal of debt recovery applications pending before tribunals.
Finance Ministry
30 Jul 2014
FinMin sets up panel to give more teeth to debt recovery laws
The Finance Ministry has constituted a panel to give more teeth to the debt recovery laws to effectively deal with wilful defaulters and check bad loans which have soared to Rs 2.40 lakh crore.
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