Tue, Aug 28, 2018
The Reserve Bank had last June directed IDBI Bank, lead lender of Lanco Infratech, to initiate insolvency proceedings for the company under the Insolvency and Bankruptcy Code (IBC).
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Sat, Jul 08, 2017
The ministry has been asking banks to take tough action against such borrowers and be ready to fight court cases as well.
Tue, Jun 20, 2017
Lanco Infratech becomes the first company to be pushed towards insolvency for its bad loans.
Mon, Jun 19, 2017
RBI had asked bankers to bring the identified 12 defaulters before NCLT by the end of this month.
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