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Sterling Biotech News
SBI, banks' guarantee to defaulting Sterling Biotech owners under cloud: Report
Tue, Jun 11, 2019
The SBI extended guarantees in the form of Standby Letter of Credit (SBLC), which the lender reportedly said was to secure the stressed domestic loan.
Can seize Sterling Biotech's OTS amount, Enforcement Directorate to banks
Tue, Mar 26, 2019
The ED informed the National Company Law Tribunal that it is also in the process of declaring the company`s promoter Nitin Sandesara as an absconder under the stringent Fugitive Economic Offenders Act, 2018.
Andhra Bank share price hits 14-year low; this Rs 5000 cr scam is reason why
Mon, Mar 12, 2018
The Enforcement Directorate on Friday filed a supplementary prosecution complaint (charge sheet) against former Andhra Bank director Anup Prakash Garg in connection with a Rs 5,000 crore bank fraud involving the Vadodara-based Sterling Biotech Ltd (SBL) of the Sandesara group of companies.