In a significant development, state-owned Bank of Baroda (BoB) has classified the loan accounts of debt-laden Reliance Communications Limited, also RCom, and its former chairman, Mr. Anil Dhirubhai Ambani, as “fraud”, alleging a systematic diversion and misappropriation of funds. The bank issued a detailed “Reasoned Order” on September 2, 2025, following a protracted process that…
In a move to recover funds for creditors, the liquidator of the scam-tainted Gitanjali Gems Limited has put up for e-auction three luxury flats in Mumbai’s Santacruz East, previously linked to the company’s promoters, the Choksi family. The auction is part of the liquidation process of the company that collapsed following the massive Punjab National…
Prior to this, the State Bank of India (SBI) and the Bank of India (BOI) reclassified the loan accounts of Anil Ambani’s bankrupt telecom firm RCom as “fraud”. SBI accused the company of diverting over ₹31,500 crore whereas BOI alleged that ₹725 crore, which the firm was supposed to use for spectrum payments, was transferred…
Quebec judge declares Northvolt insolvent as province recovers $200 million The Albertan Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million richmond-news.com Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million Village Report Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million TownAndCountryToday.com Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million Squamish Chief Read the original article here
Quebec judge declares Northvolt insolvent as province recovers $200 million Richmond News Read the original article here
By Canadian Press Sep 5, 2025 | 9:04 AM MONTREAL — The Quebec government says it has recovered nearly $200 million on its loan to the North American branch of battery maker Northvolt. The money comes from bank accounts belonging to Northvolt that were frozen after its Swedish parent company declared bankruptcy in March. Quebec…