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DRT News

12 Sep 2018

SC asks DRT to start process for auction of Amrapali Group's 16 properties

Court has posted the matter for next hearing on September 27.

19 Jan 2017

Vijay Mallya loan default case: DRT allows bankers to start proceedings to recover debt

The Debt Recovery Tribunal allowed bankers to start proceedings to recover Rs 6,203 cr debt from beleaguered liquor baron Vijay Mallya.

18 Jan 2017

Vijay Mallya Rs 9,000 cr loan case: DRT to pronounce its final verdict on Thursday

The now-defunct Kingfisher Airlines owes over Rs 9,000 crore in loan to the SBI-led consortium of 17 banks.

03 Jan 2017

Bad loans: SC seeks list of corporates which owe over Rs 500 crore

In a move to control the rising bad loans, the Supreme Court on Tuesday asked the Centre to provide it with the list of "corporate entities" who owed loans in excess of Rs 500 crore.

03 Jan 2017

Vijay Mallya Case: DRT reserves order on banks plea for dues recovery

The Debt Recovery Tribunal here has reserved its order on the pleas of SBI-led consortium of banks for recovery of over Rs 9,000 crore from beleaguered liquor baron Vijay Mallya in the Kingfisher Airlines case.

21 Oct 2016

Vijay Mallya case: Debt Recovery Tribunal raps banks for casual approach

Terming GoAir and Indigo as "innocent" third parties, the Debt Recovery Tribunal has rapped banks for filing interim applications in a "casual and routine manner" to make them party to the Vijay Mallya case.

25 Jul 2016

Vijay Mallya's loan default case: DRT to resume hearing on UBHL's plea countering banks

The Debt Recovery Tribunal in Bengaluru will resume its hearing Monday on the application filed by UBHL and Vijay Mallya seeking cross-examination the "shady" documents submitted by the consortium of bankers with regard to Rs 6,000 crore, which allegedly did not even have the seals of the parties.

Vijay Mallya case

15 Jul 2016

Debt Recovery Tribunal orders on three interlocutory applications in Vijay Mallya case on Saturday

Keeping in mind the Supreme Court's direction to wind up the Vijay Mallya case as soon as possible, Debt Recovery Tribunal Presiding Officer C R Benkanahalli on Friday said that he would pass orders on three interlocutory applications filed by Heineken, Kingfisher Finvest and Diageo Plc and its subsidiaries tomorrow.

07 Jul 2016

Vijay Mallya default case: DRT to pass order on Kingfisher Airlines application today

The Debt Recovery Tribunal may pass orders Thursday on an application by Kingfisher Airlines seeking amendment to its earlier written reply in response to the original application (OA) filed by a consortium of banks in the Vijay Mallya case.

18 Jun 2016

ED to strengthen its investigation on Diageo management

18 Jun 2016

Vijay Mallya case: HC stays for 3 months DRT order issuing demand notice to UBHL

The Karnataka High Court has stayed for three months the Debt Recovery Tribunal's order issuing a demand notice to Vijay Mallya-owned United Breweries Holdings Limited (UBHL) and Kingfisher Airlines to pay Rs 192 crore on an application by three banks.

18 Jun 2016

Mallya case: Dutch beer major files application before DRT

Dutch beer major Heineken has filed an application before the Debt Recovery Tribunal seeking to be impleaded in the Vijay Mallya case.

13 Jun 2016

Vijay Mallya case: DRT to take up 7 IAs for final hearing

DRT Presiding Officer C R Benakahanahalli Monday said the tribunal will take up at least seven Interlocutory Applications, including three IAs filed by Kingfisher Finvest India Private Limited, for final hearing from tomorrow in the Vijay Mallya case.

07 Jun 2016

Vijay Mallya case: DRT advises banks to coordinate recovery of Rs 2000 crore

The Debt Recovery Tribunal Tuesday advised SBI-led consortium of banks in Vijay Mallya case to make coordinated efforts among themselves to recover around Rs 2000 crore parked in courts in the country and reduce losses to the tune of over Rs 9000 core incurred by the banks.

loan default case

03 Jun 2016

Diageo Holdings Netherlands files interlocutory application before the Debt Recovery Tribunal

After British liquor giant Diageo Plc, Diageo Holdings Netherlands today filed an interlocutory application before the Debt Recovery Tribunal seeking vacating of DRT's order barring liquor baron Vijay Mallya from withdrawing USD 75 million exit buyout by it under a deal till disposal of SBI's case against him over loan default.

17 May 2016

DRT directs J P Morgan Bank not to disburse $40 mn to Vijay Mallya

In another blow to beleaguered businessman Vijay Mallya, the Debt Recovery Tribunal (DRT) Tuesday directed New-York based J P Morgan Bank not to disburse to him USD 40 million of the USD 75 million sweetheart deal struck between him and Diageo PLC.

17 May 2016

More trouble for Vijay Mallya: DRT directs Diageo not to disburse $40 million to him

The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse USD 40 million of the USD 75 million deal to Vijay Mallya.

29 Apr 2016

DRT questions Diageo's delay in furnishing deal details

The Debt Recovery Tribunal (DRT) here on Friday questioned Diageo Plc about the delay in furnishing details of the USD 75 million severance package agreed upon between beleaguered tycoon Vijay Mallya and the company.

29 Apr 2016

DRT questions Diageo's delay in furnishing deal details

The Debt Recovery Tribunal (DRT) here on Friday questioned Diageo Plc about the delay in furnishing details of the USD 75 million severance package agreed upon between beleaguered tycoon Vijay Mallya and the company.

29 Apr 2016

DRT likely to rule on Vijay Mallya’s Diageo package today

The Debt Recovery Tribunal will resume hearing on bankers' plea for securing the first right on the USD 75 million severance package that Mallya had already received for quitting Diageo-owned United Spirits (USL) as its Chairman under a sweetheart deal.

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