Vijay Mallya and UBHL director Daljit Mahal have moved the Karnataka High Court seeking detailed bank statements on recoveries made against their debts. The petition claims banks have already recovered far more than the Rs 6,200 crore directed by the DRT.
The Delhi High Court has issued a contempt notice to BluSmart, Gensol, and others for allegedly violating a court order regarding 10 Tata Tigor EVs. Shefasteq claims the companies obstructed efforts to locate the vehicles and failed to provide required information. Legal proceedings involving Gensol have escalated amid serious allegations from SEBI.
Today, On 2nd August, The Supreme Court called for a separate Debts Recovery Tribunal in Jammu & Kashmir due to its unique topography, despite the option of virtual access to the Chandigarh DRT. This move aims to provide more effective resolution of cases in the region, addressing concerns about access to justice for individuals and businesses.
