abhay lodha topworth, sbi scam

CBI Registers Cases against 3 Mumbai Companies for Duping SBI of Rs 1.37 Billion

The CBI has registered three separate cases of banking fraud against three Mumbai-based companies for an alleged banking fraud that caused a cumulative loss of over Rs 1.37 billion to State Bank of India, officials said here today. One of the cases is against Topworth Pipes and Tubes Pvt. Ltd, its Directors Abhay Narendra Lodha, […]

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Topworth Group – Banks approach courts to recover debt

MUMBAI/KOLKATA: Additions to India‚Äôs bloated bad-loans inventory are unlikely to cease soon, with about a dozen lenders now approaching debt-recovery courts to recover a part of their estimated credit exposure of Rs 17,300 crore to Mumbai-based Topworth. Lenders led by the State Bank of India (SBI) and Punjab National Bank (PNBBSE -2.80 %) are filing […]

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