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Banks and NBFCs are carpet bombing potential customers with deals such as offering personal loans in ten minutes, allowing conversion of purchases into EMIs or by issuing no annual fee credit cards.
The bench also questioned the Amrapali Group on why it had not filed Income Tax returns since 2015 and what were its in-house auditors doing on non-filing of returns.
As on December 31, cases with a total worth of Rs 4.5 trillion were pending before various DRTs compared to Rs 3.75 trillion in the previous year.
A division bench of the Hyderabad High Court directed the two States to utilise the services of legal services authorities in identifying the beneficiaries under the two schemes.
The board has approved alteration of clause V of the memorandum of association of the company to increase the authorised share capital of the company from Rs 10,050 crore to Rs 20,050 crore.
Alleging that around 90 per cent of farmers in Odisha are under loan burden, Patnaik said the income generated from farming is not adequate to repay loans in time.
Allahabad High Court refuses to offer interim relief to power companies, which are responsible for half of the bad loan accounts RBI has identified for resolution
To ensure that they could run their business, they reportedly took loans from a few lenders in the town.
The gross NPA position of banks, which stood at 8.26 per cent as on March 31, 2015, zoomed to 11.50 per cent in 2016-17.
On Tuesday, the lender said its board has finally decided to approve the restructuring of its capital markets division, a move first proposed in April, and one which a few other PSU banks objected to.
At the end of March 2017, the national carrier had a debt burden of more than Rs 48,000 crore. The government's proposed strategic disinvestment of Air India failed to take off in May.
The DRT, located in the Scindia House building at Ballard Estate in south Mumbai, has been non-functional since a fire broke in the building on June 2.
The police had earlier arrested four persons in the case registered following the self-immolation threats to prevent revenue officers from attaching the property.
The commission has taken a serious note of the expectation of the state government and will explore possible ways within our mandate."
Most of the mobile towers, windmills, private power plants and others, due to the problems associated with tax collection, have not paid any taxes to the state.