Secured a favourable order on behalf of our client, INDIAN OVERSEAS BANK, before the Debts Recovery Tribunal-III, Delhi.

Our Principal Associate Ronnie S. Brara under leadership of Senior Partner Aanchal Tandon at Aretha Legal, successfully represented Indian Overseas Bank in the matter of Indian Overseas Bank vs. SVOGL Oil Gas & Energy Limited (formerly Shiv-Vani Oil & Gas Exploration Ltd.) and others (TA No. 287/2022).

The Tribunal has allowed the application filed under Section 19 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, for the recovery of Rs. 125,17,97,851/- (Rupees One Hundred Twenty Five Crore Seventeen Lakh Ninety Seven Thousand Eight Hundred and Fifty One only), along with pendentelite and future interest.

Congratulations to the entire team!