Bank of\nBaroda (BoB) has declared Dighi Port chairman and managing director Vijay\nGoverdhandas Kalantri as a wilful defaulter, The Times of India reported. Both\nVijay Kalantri and his son Vishal Kalantri, director of Dighi Port, owe close\nto Rs 3,334 crore to a consortium of 16 banks in the country that include BoB,\nwhile Bank of India is the lead lender, the report said.<\/p>\n\n\n\n
The duo had\ntaken a number of loans from the bank to develop the port. Vijay Kalantri-owned\nBalaji Infra has 51.01 percent stake in Dighi Port, while Infrastructure\nLeasing & Financial Services (IL&FS) holds 39.37 percent stake in the\ncompany.<\/p>\n\n\n\n
On June 2,\nthe bank placed a notice in a Mumbai newspaper, with photos of Vijay Kalantri\nand his son Vishal Kalantri, declaring them as \u201cwilful defaulters\u201d.<\/p>\n\n\n\n
\u201cNotice is hereby given to the public at large that Vijaya Bank (now Bank of Baroda) has declared the following persons as wilful defaulters, in terms of the bank\u2019s\/RBI\u2019s rules and regulations. 1) Dighi Port Limited, (borrower) 2) Vishal Vijay Kalantri, director and guarantor and 3) Vijay Goverdhandas Kalantri, director and guarantor. The bank has sent a suitable communication to the borrower\/guarantor informing the decision of the bank to declare him\/ them as a wilful defaulter. As permitted by the RBI, the bank publishes photos of the wilful defaulters for the information of the public at large,\u201d the notice said.<\/p>\n\n\n\n
Banks have\nbeen permitted by the RBI to use the photos of \u2018wilful\u2019 defaulters in newspaper\nadvertisements for naming and shaming to in order to get recovery.<\/p>\n\n\n\n
Earlier this year, in its effort to stop big economic offenders from running away from the country, the\u00a0government gave power to PSU banks\u00a0to request lookout circulars (LOCs) against wilful defaulters and fraudsters. The Ministry of Home Affairs also authorised Serious Fraud Investigation Office (SFIO), a statutory corporate fraud investigation agency, to request LOCs in case it feels the suspect may escape from the country. Get live\u00a0Stock Prices\u00a0from BSE and NSE and latest NAV, portfolio of\u00a0Mutual Funds, calculate your tax by\u00a0Income Tax Calculator, know market\u2019s\u00a0Top Gainers,\u00a0Top Losers\u00a0&\u00a0Best Equity Funds. Like us on\u00a0Facebook\u00a0and follow us on\u00a0Twitter. <\/p>\n","protected":false},"excerpt":{"rendered":"
Bank of Baroda (BoB) has declared Dighi Port chairman and managing director Vijay Goverdhandas Kalantri as a wilful defaulter, The Times of India reported. Both Vijay Kalantri and his son Vishal Kalantri, director of Dighi Port, owe close to Rs 3,334 crore to a consortium of 16 banks in the country that include BoB, while […]<\/p>\n","protected":false},"author":13,"featured_media":2018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[],"class_list":["post-2017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-articles"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=2017"}],"version-history":[{"count":2,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2017\/revisions"}],"predecessor-version":[{"id":3377,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/2017\/revisions\/3377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/2018"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=2017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=2017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=2017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}