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Amtek Auto: MCA Seeks Rs2,320 45 Crore from Former Promoters; Asks NCLT for Forensic Audit by SFIO

While seeking to recover Rs2,320.45 crore from former promoters of Amtek Auto Ltd, the ministry of corporate affairs (MCA) has asked the Serious Fraud and Investigations Office (SFIT) to investigate the books and dealings of the company.

Collusion and nepotism have allowed big businesses to rip off India s banking system under Modi govt s watch

ABG Shipyard: 3 failed attempts made since Apr 2019 to realise liquidation value

ABG Shipyard scam: A failed corporate debt restructuring, an unsuccessful resolution under Insolvency & Bankruptcy Code (IBC), and as many as three failed attempts have been made to recover the money via the liquidation route.

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