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Nimitt Dixit

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As seen in: Asian Legal Business, ETTelecom, MSN India, Reuters, ETLegalworld, NDTV, Flipboard, Mint, Nasdaq, Business Standard, Financial Post and
Ex-corporate lawyer. Now legal industry reporter @ Asian Legal Business. Ex Reuters.
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Articles

Lilavati Trust Files Rs 1,000 Crore Defamation Suit Against HDFC Bank; HC Denies Gag Relief

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By Nimitt Dixit 
| NDTV Profit
The dispute stems from longstanding recovery proceedings by HDFC Bank over loans linked to the Mehta family, dating back over two decades. Photo Source: NDTV Profit Lilavati Kirtilal Mehta Trust has moved the Bombay High Court with a Rs 1,000 crore defamation suit against HDFC Bank and its CEO Sashidhar Jagdishan, alleging that statements issued by the bank on dues and litigation are false and damaging to its reputation.
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Lilavati Trust Files Rs 1,000 Crore Defamation Suit Against HDFC Bank; HC Denies Gag Relief

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By Nimitt Dixit 
| Flipboard
Sports (India) 1 hour ago Vaibhav Sooryavanshi Net Worth: Here's How Much IPL's 15-Year-Old Star From Bihar Earns Mashable - Omair Pall • 1h Vaibhav Sooryavanshi has emerged as one of the biggest talking points in Indian cricket after earning an India call-up at a remarkably young age.
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Rajesh Exports used bank LCs to fund subsidiary payments before default, DRT order shows

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By Nimitt Dixit 
| MSN India
Rajesh Exports Ltd.'s dispute with Canara Bank is casting fresh light on how the gold exporter used bank-funded trade finance to route payments to its own overseas subsidiary, raising questions about the flow of funds within the group as repayment obligations later went unmet. The case centres on the use of letters of credit, a standard financing tool in global trade. Under this structure, Canara Bank issued LCs on behalf of Rajesh Exports to pay overseas suppliers for gold imports.
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