Tag
Bank of Maharashtra
9 articles
Bank of Maharashtra faces ongoing delays in insolvency proceedings against multiple guarantors linked to Tejas Agro Irrigation Systems and Rotomac Global, with hearings repeatedly adjourned by the National Company Law Tribunal (NCLT) due to time constraints. Simultaneously, the Supreme Court has granted adjournments in petitions involving the bank, further highlighting procedural delays. Despite these legal challenges, the bank demonstrated robust financial performance in fiscal year 2026, reporting a 27% increase in net profit to ₹7,019 crore, underpinned by strong asset quality and liquidity ratios, alongside continued digital transformation efforts. Investors should monitor the resolution of these insolvency cases and their potential impact on the bank’s future asset quality.
NCLAT Adjourns Vostok Foods vs Bank of Maharashtra Appeal
NCLAT adjourned Insolvency Appeal No. 961 of 2026 due to appellant's non-appearance.
The case involves Vostok Foods Pvt Ltd appealing against Bank of Maharashtra.
The matter has been listed for next h
Bank of Maharashtra AGM Approves Dividend and ₹7,500 Crore Capital Raise
Bank of Maharashtra's 23rd AGM passed all four resolutions, including final dividend of ₹1.20 per share for FY26.
Shareholders approved raising equity capital up to ₹7,500 crore via preferential issue
NCLAT Adjourns Vostok Foods vs Bank of Maharashtra Hearing
NCLAT adjourned hearing in Vostok Foods' insolvency appeal against Bank of Maharashtra due to appellant's absence.
Case listed for next hearing on July 9, 2026 before Justice Ashok Bhushan-led bench.
Supreme Court Dismisses SLP vs Bank of Maharashtra
Supreme Court dismissed the Special Leave Petition filed by Shabbir Hussain & ors against Bank of Maharashtra.
Petitioners claimed tenancy of mortgaged property with default exceeding Rs 100 crore and
NCLT Adjourns Bank of Maharashtra Insolvency Case
NCLT Indore Bench adjourns Section 95 IBC proceedings in CP(IB)/7(MP)2023 due to respondent's leave note.
Case involves Bank of Maharashtra as applicant versus respondent Ram Kumar Sharma.
Matter resc
NCLT Adjourns Bank of Maharashtra Insolvency Proceeding
NCLT Indore Bench adjourns Section 95 IBC proceeding involving Bank of Maharashtra and Ajay Sharma.
Adjournment granted due to a leave note received from the respondent's side.
Matter relisted for the
NCLT Adjourns Bank of Maharashtra Insolvency Hearing
NCLT Indore Bench adjourns Section 95 IBC hearing involving Bank of Maharashtra and Jai Prakash Sharma.
Adjournment granted due to a leave note received from the respondent's legal counsel.
Matter res
NCLT Adjourns Bank of Maharashtra Insolvency Case
NCLT Indore Bench adjourns Section 95 IBC proceedings involving Bank of Maharashtra and Shrikant Sharma.
Adjournment granted due to a leave note received from the respondent's legal representative.
Ma
Bank of Maharashtra FY26 Net Profit Rises 27% to ₹7,019 Cr
Bank of Maharashtra reported 27.17% net profit growth to ₹7,019 crore for FY26 with total business reaching ₹6,42,531 crore, representing 17.47% year-on-year growth.
The bank maintained strong asset q