23 february 2002

indusind bank to challenge drt ruling on shcil
kolkata: indusind bank plans to challenge the order of the debt recovery tribunal which vacated an interim order attaching properties of stock holding corporation of india ltd (shcil).

the bank will appeal to the appellate authority of the tribunal challenging the recent order of the kolkata bench. the order, while vacating its previous interim order, said the merits of the case did not warrant the protection it had sought through attachment as the assets and properties of shcil appear to be sound and satisfactory

corpn bank to sell lic mutual products
mumbai: corporation bank has tied up with lic mutual fund to market the fund's products through its branches.

the arrangement will initially cover four open-ended schemes - licmf bond fund, licmf g-sec fund, dhanaraksha-89 and licmf children's fund.