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Yes Bank faces BIG action over unfair loan transactions - NCLAT sets aside insolvency proceedings against Mack Star
The NCLAT found that more than 99 percent of the sanctioned amount – Rs 147.6 crore by Yes Bank in Mack Star s name – was returned to the bank on the same day or within a short period of time.
New delhi
Rana kapoor
Learned adjudicating authority
National company law appellate tribunal
Bank to mack star
Economic offences department of mumbai police
National company law tribunal
Promoter of yes bank
Ocean deity investment holdings
Group companie yes bank
Group companies
Housing development infrastructure ltd
Yes bank
Mack star
Financial debt
Bankruptcy code
In big blow to Yes Bank, NCLAT sets aside insolvency proceedings against Mack Star
NCLAT said that Rs 147.6 crore loaned to the company for the renovation of a two-year-old building Kaledonia was routed back to the Yes Bank.
Rana kapoor
Ocean diety investment holdings
Learned adjudicating authority
Hdils yes bank
National company law appellate tribunal
Bank to mack star
Mack star marketing
Yes bank
Term loans
Mack star
Suraksha asset
Impugned order
Mumbai bench
Diety investment holdings
Enforcement directorate
Related loan agreements
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