SBI moves application in SC seeking clarifications on judgment on fraud classification of borrowers

Apr 16, 2023

State Bank of India in its application, has sought clarification of the top court's judgment dated March 27 and that the banks can decide...

SC refuses to entertain Anil Ambani's plea against 'fraud' classification of loan account

Apr 16, 2026

The Supreme Court has refused relief to businessman Anil Ambani on his plea challenging the decision of a Division Bench of the Bombay High...

Borrowers must be heard before loan account is classified as fraud: SC

Mar 27, 2023

The top court said that the principles of natural justice demand that the borrowers must be served notice, given an opportunity to explain the...

Loan moratorium case: Petitioner seeks grace period before lifting stay on NPA classification

Dec 21, 2020

New Delhi [India], December 21 : Submitting that accounts of borrowers turning into non-performing assets due to non-repayment of loans will bring "disastrous effect",...

Donald Trump appeals USD 454 million New York civil fraud judgment

Feb 26, 2024

US former president Donald Trump, his adult sons, and two former Trump Organization officials, on Monday, appealed the USD 464 million judgment entered against...

RBI imposes Rs 1 crore penalty on Union Bank of India for non-compliance with certain provisions of its directions

Nov 29, 2021

New Delhi [India], November 29 : The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the Union...