The Delhi High Court today held that that Banks/Financial Institutions can initiate and continue the proceedings against the guarantor for recovering their dues under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 .
The Delhi High Court has issued a notice in a petition filed by Bhushan Power and Steel’s former chief, Sanjay Singhal, challenging the State Bank of India’s decision to invoke Singhal’s bank guarantee for not paying the company’s dues.
The Supreme Court today dismissed fugitive Indian liquor tycoon Vijay Mallya’s review petition against a May 2017 judgment of the apex court. That order had held him guilty of contempt of court for violating its orders and those of the Karnataka High Court.
New Delhi: The Enforcement Directorate (ED) has filed an appeal before the Supreme Court against the Bombay High Court’s order granting bail to the Wadhwan brothers in the multi-crore Yes Bank Fraud case.
The National Company Law Tribunal (NCLT) has given permission to pursue bankruptcy proceedings against Anil Ambani. This order has come against him due to the State Bank of India (SBI) not being able to recover loans of Rs 1,200 crore.