Financial Daily from THE HINDU group of publications
Tuesday, Jun 29, 2004
Financial Daily from THE HINDU group of publications Tuesday, Jun 29, 2004 |
||
|
|
||
|
Money & Banking
-
Non-Performing Assets DRT sitting recovers Rs 4.26 cr in TN Our Bureau
Coimbatore , June 28 AT its third special sitting, the Debts Recovery Tribunal (DRT), Coimbatore, recorded recovery to the tune of Rs 4.26 crore. This time, the special sitting was organised exclusively for recovering money due to the Scheduled Banks under its jurisdiction. Federal Bank, ICICI, Lord Krishna Bank, Lakshmi Vilas Bank, South Indian Bank, Tamil Nadu Mercantile Bank and City Union Bank were the participants in the sitting. The DRT has remained head less since February 2004. Mr A. Vijay Kumar, who took additional charge as the Presiding Officer of the DRT here, has in the last four months managed to settle 72 cases and record a recovery of Rs 15.10 crore at the Special Sitting. Apart from such special sittings, Mr Vijay Kumar has managed to dispose off 57 cases during the regular sittings wherein a total amount of Rs 14.57 crore was recovered. The Tribunal is now contemplating to hold Lok Adalat in the coming months.
More Stories on : Non-Performing Assets | Tamil Nadu
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|