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Page 2 - Religare Finvest

Religare: Delhi HC seeks Shivinder's reply on plea challenging his bail

he high court listed the matter for further hearing on November 11

Religare: Delhi HC seeks Shivinder's reply on plea challenging his bail
Updated On : 05 Oct 2020 | 11:09 PM IST

Worst is behind, will complete RFL debt recast by Dec: Religare chairperson

The company has been in financial distress, primarily due to alleged misappropriation of funds by erstwhile promoters Shivinder Singh and his brother Malvinder Singh

Worst is behind, will complete RFL debt recast by Dec: Religare chairperson
Updated On : 04 Oct 2020 | 3:48 PM IST

Will recover money from LVB, officials won't be pardoned: Religare chief

Religare Enterprises has said its NBFC arm Religare Finvest will be able to fully recover its fixed deposits, with an interest, of around Rs 950 crore from debt-ridden Lakshmi Vilas Bank

Will recover money from LVB, officials won't be pardoned: Religare chief
Updated On : 03 Oct 2020 | 12:08 AM IST

Lakshmi Vilas Bank shortlists 3 names for MD, CEO post; to send list to RBI

The lender's chief executive S Sundar and six other directors were voted out by shareholders earlier this week

Lakshmi Vilas Bank shortlists 3 names for MD, CEO post; to send list to RBI
Updated On : 30 Sep 2020 | 11:43 PM IST

RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank

Beleaguered bank is currently in merger talks with Clix Capital

RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank
Updated On : 29 Sep 2020 | 11:50 PM IST

Clix may seek indemnity from Lakshmi Vilas Bank's dues ahead of deal

It is estimated that about Rs 700 - 900 crore of likely liability may hit the bank

Clix may seek indemnity from Lakshmi Vilas Bank's dues ahead of deal
Updated On : 28 Sep 2020 | 11:06 PM IST

Economic offences weaken democracy, says HC, dismisses Malvinder's plea

The high court rejected Malvinder's plea challenging the criteria laid down by the high powered committee for granting interim bail to under trial prisoners on the ground of prevalence of the Covid-19

Economic offences weaken democracy, says HC, dismisses Malvinder's plea
Updated On : 10 Aug 2020 | 9:44 PM IST

Religare case: SC stays bail granted to ex-Fortis promoter Shivinder Singh

The high court on July 23 granted bail to Singh, saying it does not perceive any grave threat to the interests of the society or the public at large with his release

Religare case: SC stays bail granted to ex-Fortis promoter Shivinder Singh
Updated On : 01 Aug 2020 | 6:21 PM IST

RFL case: Malvinder to remain in jail as Delhi court dismisses bail plea

Chief Metropolitan Magistrate Gurmohina Kaur on Monday rejected Singh's bail application on the ground that he was required to be kept in judicial custody for proper investigation in the case

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Updated On : 17 Feb 2020 | 7:02 PM IST

Malvinder Singh tells court he paid back alleged misappropriated funds

The submission was made before Chief Metropolitan Magistrate Gurmohina Kaur during hearing of arguments on the bail plea moved by Singh in the case lodged by the EoW of Delhi Police

Malvinder Singh tells court he paid back alleged misappropriated funds
Updated On : 04 Feb 2020 | 10:13 PM IST

Religare Finvest proposes a resolution plan for Rs 5,852 crore of debt

According to the plan, of the Rs 5,852 crore, around Rs 2,700 crore is sustainable debt and will be serviced by the SME portfolio

Religare Finvest proposes a resolution plan for Rs 5,852 crore of debt
Updated On : 31 Jan 2020 | 12:57 AM IST

Religare Finvest gets relief from appellate tribunal in fund diversion case

Tribunal pulls up Sebi for passing contradicting orders

Religare Finvest gets relief from appellate tribunal in fund diversion case
Updated On : 29 Jan 2020 | 11:36 PM IST

Pass fresh order in Religare Finvest's fund diversion matter: SAT to Sebi

SAT has directed RFL to maintain its assets worth Rs 200 crore for a period of three months

Pass fresh order in Religare Finvest's fund diversion matter: SAT to Sebi
Updated On : 29 Jan 2020 | 6:05 PM IST

Religare Finvest case: ED files charge sheet against Singh brothers

Religare said in a statement that ED's move vindicates its claim that the erstwhile promoters and Godhwani were at the helm of affairs when the frauds were committed

Religare Finvest case: ED files charge sheet against Singh brothers
Updated On : 11 Jan 2020 | 2:16 AM IST

Religare Finvest's lenders may take a 49% haircut on Rs 58-billion debt

Any debt restructuring at Religare Finvest, which is being bought by TCG Advisory Services, would be the first among peers since the credit market squeeze started in 2018

Religare Finvest's lenders may take a 49% haircut on Rs 58-billion debt
Updated On : 08 Jan 2020 | 12:00 AM IST

Malvinder Singh arrested in another case of funds misappropriation

Singh is already in judicial custody in another case

Malvinder Singh arrested in another case of funds misappropriation
Updated On : 24 Dec 2019 | 11:20 PM IST

Religare case: Court extends judicial custody of Malvinder till Jan 6

RFL is a group firm of REL, which was earlier promoted by Malvinder and his brother Shivinder Singh

Religare case: Court extends judicial custody of Malvinder till Jan 6
Updated On : 23 Dec 2019 | 11:04 PM IST

Religare Finvest scam: Shivinder Singh sent to ED custody till December 19

Additional Sessions Judge Sandeep Yadav sent Singh to ED remand after the agency sought his 14-day custodial interrogation.

Religare Finvest scam: Shivinder Singh sent to ED custody till December 19
Updated On : 13 Dec 2019 | 7:51 PM IST

Religare Finvest scam: Delhi court rejects Shivinder Singh's bail plea

The court also extended till December 23 the judicial custody of Malvinder and Godhwani in a separate money laundering case related to the misappropriated funds scam

Religare Finvest scam: Delhi court rejects Shivinder Singh's bail plea
Updated On : 12 Dec 2019 | 6:57 PM IST

RFL scam: Ex-Fortis promoter Malvinder sent to judicial custody for 2 weeks

Besides Malvinder, the court remanded Sunil Godhwani, former CMD of Religare Enterprises Ltd, to the judicial custody till December 12

RFL scam: Ex-Fortis promoter Malvinder sent to judicial custody for 2 weeks
Updated On : 28 Nov 2019 | 8:20 PM IST