कोशिश गोल्ड - मुक्त
HC restrains sale of GEAR trust's assets after loan default
Mint Mumbai
|February 20, 2024
The Bombay High Court has restrained Gifted Foundation (GEAR) from disposing of its assets after the education trust defaulted on a ₹35-crore loan from Axis Finance, a non-banking subsidiary of private lender Axis Bank.
In its plea, Axis Finance sought the court's urgent intervention to "protect and preserve" the outstanding loan amount, pending the hearing and final disposal ofits arbitration petition. The bank had filed the arbitration petition after the Bengaluru-based education trust defaulted on its dues in September.
यह कहानी Mint Mumbai के February 20, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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