Delhi's Patiala House Court on Monday declared four directors of Sterling Biotech Limited as fugitive economic offenders in a bank fraud case, thereby paving the way for confiscation of their properties.
The Sandesara brothers—Nitin Jayantilal Sandesara and Chetan Jayantilal...
In another shocking twist to the controversial goings-on at major corporate defaulter Sterling group, a judge has recused himself from hearing a matter revealing that he was approached by one of his classmates on behalf of the accused, says a report. The group owes a slew of Indian banks over...
Remember the four politically powerful promoters of the Sterling Biotech group (Nitin Sandesara, Chetankumar Sandesara, Dipti Chetan Sandesara—and Hiteshkumar Patel) who have been absconding from India after running up Rs15,600+ crore of bad loans? They continue to manipulate the judicial...
A completely unconnected litigation in the United States has thrown up yet another money trail of the fugitive Sandesara family, the promoters of Sterling Biotech and Sterling SEZ, that owes Indian public sector banks (PSBs) vast sums of money.
For those who have not followed this...
There is a new twist to the drama around the Sterling Biotech group whose promoters, while absconding from India, have offered a ‘settlement’ deal to a bunch of lenders, mainly public sector banks (PSBs) and institutions.
Acting through an ‘authorised representative’, the shady...
