Page 2 - Sterling Biotech

Sterling Biotech lenders accept one-time settlement, agree to 65% haircut

While going in for resolution, the Indian lenders have the option either to recover, rectify or restructure the account

Delhi court allows extradition process against 4 Sterling Biotech promoters

ED told the court that the four accused are reportedly in Italy and Nigeria and their extradition is required for probing the case

Non-bailable warrants against Sterling Biotech bosses in Rs 8,100 cr fraud

The accused are also being probed by the ED for allegedly bribing senior income tax department officials as part of an earlier criminal complaint

ED seeks extradition of Sandesara family; attachment of Rs 47.1-bn assets

ED is also in the process to issue red corner notices against the key directors of the company

ED to seek Fugitive Economic Offender tag, red corner for Sandesaras, aides

The name of CBI Special Director Rakesh Asthana, currently embroiled in a tussle with his Director Alok Verma, has also been linked in this case after diary notings with initials 'RA' were seized

ED files fresh charge sheet in Rs 50-billion Sterling Biotech scam

The agency has filed the fresh supplementary probe report before Additional Sessions Judge Satish Kumar Arora

ED files supplementary charge sheet in Sterling Biotech case

The charge sheet was filed under the sections of Prevention of Money Laundering Act

Sterling Biotech in talks with lenders to settle its loans outside IBC

Sterling Biotech was admitted for insolvency proceedings under the Corporate Insolvency Resolution Process (CIRP) on 11 June

Rs 50-bn scam: Sterling Biotech director Nitin Sandesara held in Dubai

Multiple prosecution complaints or charge sheets have also been filed by it before a special court

Insolvency process: Rs 40 billion in debt, Sterling Biotech lands in NCLT

In October 2017, the ED began a probe into alleged money laundering by the company and its promoters, Nitin and Chetan Sandesara

ED arrests ex-Andhra Bank director in Rs 50-bn Sterling Biotech graft

Sterling Biotech had taken loans of over Rs 50 bn from a consortium of banks led by Andhra Bank which had turned NPAs

CBI files loan defaulting case against Sterling Biotech for Rs 5,000 cr

The company is already under investigation for allegedly bribing tax department officials