Saturday, 7 November 2020

Debt Recovery Tribunal Slaps Rs 5 Lakh Penalty on Bank of India for Compromising Loan Recovery

The tribunal also observed that the lender entered into a compromise to recover Rs 31.2 lakh against the loan amount. The Presiding Officer of the DRT1, Ahmedabad, Vinay Goel came down hard on the bank for sacrificing Rs 2.25 crore of taxpayers' money while making compromise with the borrowers.

from Top Business News- News18.com https://ift.tt/3eCYqjB
via IFTTT
at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Beyond Borders: The True Origins Of India's Favorite Brands - Colgate, Bata And Maruti

Bata grew into one of the world's leading shoemakers, with an impressive annual sale of 150 million pairs of shoes across more than 70 c...