Allahabad's debt recovery tribunal detected the alleged misuse of credit facilities by the Kanpur-based businessman Vikram Kothari and his firms Rotomac Global and Rotomac Exports almost seven months ...

The lender said the accounts of Rotomac Global and Rotomac Exports had been referred to the National Company Law Tribunal (NCLT) for initiating insolvency proceedings, and the cases were admitted on ...

There appears to be a case of money laundering, fund diversion and the possibility of fictitious trading transactions, says Allahabad DRT of the Rotomac bank fraud In a scathing indictment, the ...

Responding to a clarification sought by exchanges on news article "Rotomac owner flees India after taking Rs 800 crore loans', the Allahabad Bank said the group is "having an exposure from our bank ...

Rotomac Industries, a Kanpur-based pen selling company, defaulted on loans worth Rs 800 crore from five state-owned banks. Promoters Vikram Kothari and his son Rahul were arrested by the CBI in ...