SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 13-JUL-2024

NBFC: FILED PETITION FOR WINDING UP OF COMPANY WITH HIGH COURT

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S.No.	ENTITY	PERSONS	REGULATORY CHARGES	REGULATORY ACTION(S) / DATE OF ORDER	FURTHER DEVELOPMENTS
1	ASIA PACIFIC INVESTMENT TRUST LTD.		VIOLATED DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY RBI DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ON CLASSIFY CERTAIN LOANS AND CREDIT FACILITIES AS NON-PERFORMING ASSETS IN ACCORDANCE WITH THE IRAC NORMS	FILED PETITION FOR WINDING UP OF COMPANY WITH HIGH COURT 30-SEP-1998
2	LALBHAI FINANCE LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	FILED PETITION FOR WINDING UP OF COMPANY WITH HIGH COURT PROHIBITED FROM ALIENATING ITS ASSETS 07-APR-2000	PROVISIONAL LIQUIDATOR APPOINTED BY HIGH COURT
3	PIRAMAL FINANCIAL SERVICES LTD.		DID NOT ADHERE TO PROVISIONS OF RBI ACT, 1934	FILED PETITION FOR WINDING UP OF COMPANY WITH HIGH COURT 13-MAY-2000	PROVISIONAL LIQUIDATOR APPOINTED BY HIGH COURT
4	SCHEMATIC FINANCE LTD.		FAILED TO REPAY DEPOSITORS	FILED PETITION FOR WINDING UP OF COMPANY WITH HIGH COURT 16-FEB-2001	PROVISIONAL LIQUIDATOR APPOINTED BY HIGH COURT
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.