Page 2 - Abg Shipyard

CBI issues look out notices against former CMD of ABG Shipyard, 8 others

The look out notices have been issued to prevent them from leaving the country, officials said

LOC issued against ABG Shipyard, directors in Rs 22,842 cr loan fraud case

The fraud is primarily on account of huge transfers by ABG Shipyard Ltd to its related parties and subsequently making adjustment entries

ABG Shipyard fraud: Banks' detection faster than usual, says FM Sitharaman

The alleged Rs 22,842 crore ABG Shipyard fraud is the largest fraud detected in the Indian banking system yet.

ABG Shipyard, its directors booked by CBI in Rs 22,842-cr bank fraud case

The company was sanctioned credit facilities from 28 banks and financial institutions led by ICICI Bank with the SBI having exposure of Rs 2,468.51 cr

India files complaint against ABG Shipyard alleging $3 billion bank fraud

The report, posted on the Central Bureau of Investigation's website, said a forensic audit report it received from the banks two years ago had found instances of fraud in April 2012 and July 2017

No effort to delay ABG Shipyard investigation by lenders, says SBI

On Friday, CBI booked the firm, its former CMD and others for allegedly cheating a consortium of banks for over Rs 22,842 crore, touted as the biggest fraud in Indian banking history

Congress questions Modi government over ABG Shipyard bank-fraud case

The CBI has booked ABG Shipyard Limited, its former chairman and managing director Rishi Kamlesh Agarwal and others for allegedly cheating a consortium of banks led by SBI of over Rs 22,842 crore

Loans to ABG Shipyard turned NPAs prior to 2014, says FM Sitharaman

Normally banks take 52-56 months of time to detect such cases and initiate follow-up actions, said Finance Minister Nirmala Sitharaman

Banking consortium declares Rs 14,000-cr ABG Shipyard loan 'fraud' account

With the account being declared 'fraud', banks are not expected to make additional provisioning; it has been already classified a non-performing asset

Sebi disposes of ABG Shipyard disclosure case as firm is under liquidation

ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC, 2016) as per NCLT orders

Lenders to debt-laden ABG Shipyard reject resolution plan by Liberty House

Debt-ridden ABG Shipyards may challenge the decision

Fresh Expressions of Interest invited for ABG Shipyard under IBC

ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT

Insolvency: NCLT reserves order against ABG Shipyard filed by ICICI bank

ABG Shipyard owes an outstanding debt of over Rs 10,000 cr

Debt-ridden ABG Shipyard in 'deep crisis', posts Rs 822 cr loss in Q3

The firm suffered losses due to scant resources and high attrition rate of employees

ABG Shipyard gains on stake sale report

The stock up 17% to Rs 39 after the company said it is exploring the possibility for strategic investors so as to improve the company's financial and operational strength.

ABG Shipyard may sell controlling stake to Russian firm

As on March 31, ABG Shipyard's debt stood at about Rs 16,000 crore

Why debt conversion to equity is a bad deal for ABG Shipyard shareholders

Current action by the lenders has clearly left the ABG Shipyard shareholders high and dry

ABG Shipyard promoters to lose controlling stake

After ICICI, all members of lender consortium to process conversion of CCPS into equity

ABG Shipyard shareholders reject lenders' proposal to invoke SDR

Lenders had proposed conversion of loans worth Rs 16,397 crore into equity

ABG Shipyard hits lifetime low; tanks over 80% from 52-week high

The stock tanked 18% to Rs 31.40, also its lifetime low on the BSE, after ECL Finance sold more than one million shares of the company through open market.