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The notice also said that the assessment officer of the department had sent a certified copy of the assessment which included Rs 3,62,62,160 plus the interest payable for the delay which needed to be recovered from Geelani.

In the letter, the bank mentioned that it had sanctioned a cash credit loan of Rs 100 crore and a term loan of Rs 17 lakh in favour of M/S North East Region Financial Services Limited in which Keishing James Lalrongbawl was a director and personal guarantor.

The government has started the crackdown against such fugitives and has back to back extradited Christen Michel who is an accused in the VVIP chopper scam and now Deepak Talwar and Rajeev Saxena who were involved in AgustaWestland scam

Mallya is facing a case for defaulting Indian banks to the tune of Rs 9,000 crore. Recently, he also said that he is ready to pay the 'principal' amount, which means, he would not give interest on the money he has defaulted on. 

The CIC has also asked the Prime Minister’s Office, the Finance Ministry and the Reserve Bank of India (RBI) to make public the letter of former RBI governor Raghuram Rajan on bad loans.

Choksi and his nephew Nirav Modi are being sought by multiple investigating agencies after it was revealed that the two took crores in loans from banks abroad and later defaulted

The airline had issued a statement saying that the salary of these three categories of staffers would be paid in two tranches till November due to cash crunch

 

Reviewing the performance of state-owned lenders, he exuded confidence that formalisation of the economy would help India achieve sustainable growth of 8 per cent. 

the CBI is unaware of the movements of Nitin Jayantilal Sandesara, owner of Gujarat-based Sterling Biotech group and key accused in a case of Rs 5,300-crore bank loan fraud

The Fugitive Economic Offenders Act will deter fugitive economic offenders from fleeing country