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Jet Airways Winning Bidder Withdraws Plea To Put Rs 200 Crore In Escrow
The Jalan Kalrock Consortium (JKC), the successful bidder of the grounded Jet Airways, on Tuesday withdrew its plea before the NCLAT to move Rs 200 crore, which it paid to lenders, to an escrow account.
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DHFL's Dheeraj Wadhawan Arrested By CBI In Rs 34,000-Crore Bank Fraud Case
The CBI has arrested former DHFL Director Dheeraj Wadhawan in connection with the alleged defrauding of a 17-member lender bank consortium to the tune of Rs 34,000 crore, officials said Tuesday.
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Jet Airways' Winning Bidder Gets Extension To Repay Rs 350 Crore To Lenders
The National Company Law Appellate Tribunal (NCLAT) on Monday extended the time till September 30 for the Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the now-bankrupt Jet Airways.
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In CBI's Biggest Bank Fraud Case, Raids On Shadow Lender DHFL Promoters
The CBI has registered a fresh case against Kapil Wadhawan and Dheeraj Wadhawan of DHFL for allegedly cheating a consortium of 17 banks led by the Union Bank of India to the tune of Rs 34,615 crore
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Supreme Court To Hear Future Retail's Plea On Lenders' Non-Performing Assets
The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
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Court Allows Banks To Use Assets Seized From Vijay Mallya
A special court in Mumbai has permitted a consortium of 15 banks led by the State Bank of India (SBI) to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt.
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Read Jet Airways Statement On Temporary Suspension Of Flight Operations
Late last night, Jet Airways was informed by the State Bank of India (SBI), on behalf of the consortium of Indian Lenders, that they are unable to consider its request for critical interim funding: Jet Airways
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Jet Airways Crisis Explained In 10 Points
Jet Airways, the cash-starved Indian carrier, has suspended all operations from Wednesday night after the State Bank of India-led consortium of lenders turned down its request for emergency funds. The airline, founded by Naresh Goyal, was under Rs 8,000 crore debt and was struggling to stay afloat. Until recently, the airline was the second largest...
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No Exposure To Nirav Modi Group Of Companies: ICICI Bank
ICICI Bank does not have any exposure to Nirav Modi group of companies but was working capital lenders to the Gitanjali group of companies along with several other banks in the consortium, the bank has said in a statement.
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Lenders may sell Vijay Mallya's Goa villa: top 10 developments
The lenders of Kingfisher Airlines on Thursday appointed mortgage firm HDFC to re-value two of the airline's properties. The consortium of lenders may decide on selling them to recover a part of their loans. The properties are the Kingfisher House in Vile Parle, Mumbai, and a villa in Goa.
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Jet Airways Winning Bidder Withdraws Plea To Put Rs 200 Crore In Escrow
The Jalan Kalrock Consortium (JKC), the successful bidder of the grounded Jet Airways, on Tuesday withdrew its plea before the NCLAT to move Rs 200 crore, which it paid to lenders, to an escrow account.
-
DHFL's Dheeraj Wadhawan Arrested By CBI In Rs 34,000-Crore Bank Fraud Case
The CBI has arrested former DHFL Director Dheeraj Wadhawan in connection with the alleged defrauding of a 17-member lender bank consortium to the tune of Rs 34,000 crore, officials said Tuesday.
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Jet Airways' Winning Bidder Gets Extension To Repay Rs 350 Crore To Lenders
The National Company Law Appellate Tribunal (NCLAT) on Monday extended the time till September 30 for the Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the now-bankrupt Jet Airways.
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In CBI's Biggest Bank Fraud Case, Raids On Shadow Lender DHFL Promoters
The CBI has registered a fresh case against Kapil Wadhawan and Dheeraj Wadhawan of DHFL for allegedly cheating a consortium of 17 banks led by the Union Bank of India to the tune of Rs 34,615 crore
-
Supreme Court To Hear Future Retail's Plea On Lenders' Non-Performing Assets
The Supreme Court on Tuesday asked a consortium of banks to file an affidavit on a fresh petition of Future Retail Ltd. (FRL) seeking quashing of lenders' letters warning initiation of insolvency proceedings against it.
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Court Allows Banks To Use Assets Seized From Vijay Mallya
A special court in Mumbai has permitted a consortium of 15 banks led by the State Bank of India (SBI) to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt.
-
Read Jet Airways Statement On Temporary Suspension Of Flight Operations
Late last night, Jet Airways was informed by the State Bank of India (SBI), on behalf of the consortium of Indian Lenders, that they are unable to consider its request for critical interim funding: Jet Airways
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Jet Airways Crisis Explained In 10 Points
Jet Airways, the cash-starved Indian carrier, has suspended all operations from Wednesday night after the State Bank of India-led consortium of lenders turned down its request for emergency funds. The airline, founded by Naresh Goyal, was under Rs 8,000 crore debt and was struggling to stay afloat. Until recently, the airline was the second largest...
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No Exposure To Nirav Modi Group Of Companies: ICICI Bank
ICICI Bank does not have any exposure to Nirav Modi group of companies but was working capital lenders to the Gitanjali group of companies along with several other banks in the consortium, the bank has said in a statement.
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Lenders may sell Vijay Mallya's Goa villa: top 10 developments
The lenders of Kingfisher Airlines on Thursday appointed mortgage firm HDFC to re-value two of the airline's properties. The consortium of lenders may decide on selling them to recover a part of their loans. The properties are the Kingfisher House in Vile Parle, Mumbai, and a villa in Goa.
