Tag
Union Bank of India
5 articles
Union Bank of India is navigating a complex legal landscape alongside strategic organizational changes. The Supreme Court recently dismissed a dispute regarding a mortgage, while multiple insolvency proceedings involving the bank and various debtors remain in progress, with hearings adjourned across different National Company Law Tribunals (NCLTs). Simultaneously, the bank appointed Dr. Debasish Prusty as a Government Nominee Director, bringing extensive public finance experience, and increased its stake in ASREC (I) Ltd. to 27.30%, signaling continued investment in its joint ventures. These developments highlight the bank's ongoing efforts to manage legal risks and strengthen its governance and strategic partnerships amidst a challenging economic environment.
Union Bank of India Pays Rs30 Lakh
Supreme Court dismissed the Special Leave Petition and ordered Union Bank of India to pay Rs 30 lakh to landlord.
The bank occupied the premises from 2013, renewed lease with 25% rent increase, and st
K.P. Ridge SLPs Approved Over High Court
Supreme Court allowed filing of special leave petitions challenging the Bombay High Court’s 18‑April‑2026 order on DRT and DRAT findings.
High Court set aside sale certificate to Mrs. Juana Sanjeev Up
Union Bank of India Insolvency Case Adjourned to June
NCLT adjourns Union Bank of India's insolvency application against Apoorva Joshi to 12 June 2026.
Case IB/807/ND/2021 heard under Section 95(1) of the Insolvency & Bankruptcy Code, 2016.
Hybrid hearin
Union Bank Appoints Sowmya Sridhar Chief Risk Officer
Union Bank of India appoints Sowmya Sridhar as Chief Risk Officer effective 22nd May 2026 for a tenure until 31st August 2029.
Sridhar is a General Manager with over 30 years of experience, including
Swadha Builders vs Union Bank Mortgage Dispute Dismissed
Supreme Court dismissed SLP filed by Swadha Builders Private Ltd against Union Bank of India, upholding High Court order.
The civil suit (No.390/2014) alleges fraudulent equitable mortgage of Jessore