Loan Defaults
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Non-Bailable Warrant Against Vijay Mallya In 180-Crore Loan Default Case
A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).
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Naresh Goyal's Plea Against 'Illegal' Arrest Not Maintainable: High Court
The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.
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In Art Director Nitin Desai's Death, Police Case Against Creditor
Bollywood art director Nitin Desai's wife has filed a police case against five employees of creditor ECL Finance in his death case.
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Jaypee Group's Flagship Firm Defaults On Rs 4,059 Crore Loans: Report
Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount, Press Trust of India reported.
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"Chowkidars" Sleeping When Defaulters Looted Public Money: KCR's Daughter
BRS MLC in Telangana K Kavitha on Thursday said the BJP which claimed to be 'chowkidars' were "sleeping" when corporate loan defaulters of banks were looting public money.
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Developer Supertech's Rs 432 Crore Default Led To Bankruptcy Order
The non-payment of around Rs 432 crore in dues led to India's bankruptcy court ordering insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group, documents showed on Friday.
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"Won't Be Blamed For Others' Sin": Minister To Rahul Gandhi On Defaulters
Congress leader Rahul Gandhi on Monday demanded in parliament that the government reveal the names of top 50 willful loan defaulters and the steps taken to recover dues from them.
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Bank Notice Against Madhya Pradesh Speaker's Sons Over Unpaid Loans
A notice to recover unpaid loan dues amounting to Rs 42.22 lakh from the two sons of Madhya Pradesh Assembly Speaker Narmada Prasad Prajapati was published by a bank on Sunday.
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83 Notices Issued Against Loan Defaulters To Stop Them From Fleeing India
As many as 83 Look Out Circulars have been issued by the government against promoters of companies who have defaulted on their bank loans, preventing them from leaving the country, Union minister Nityanand Rai said on Wednesday.
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No Legal Representation For Defaulters In Banks' Proceedings: Top Court
The Supreme Court has held that a person has no "right" to be represented by a lawyer in "in-house" proceedings initiated by banks or financial institutions to declare him willful defaulters for non-payment of dues.
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Madras High Court Suggests Surrender Of Passports From Loan Defaulters
The Madras High Court has suggested that the Centre bring in appropriate amendments in the Passport Rules, so that banks and financial institutions can demand surrender of passports from loan defaulters and prevent them from fleeing the country.
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India Submits Vijay Mallya's Extradition Paperwork To His Legal Team
The Indian government has submitted the requisite "opening note" and paperwork related to Vijay Mallya's extradition case to the liquor baron's legal team within the UK court deadline, according to official sources.
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Name Top 100 Bank Loan Defaulters, Opposition Demands In Rajya Sabha
Samajwadi Party leader Naresh Agarwal said the RBI had at at a recent meeting stated that 12 biggest loan defaults accounted for 25 per cent of the total bad debt in the country.
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Vijay Mallya Created 20 Shell Companies, Says Enforcement Directorate In Chargesheet
The Enforcement Directorate, in its latest chargesheet filed against Vijay Mallya, has alleged that the businessman floated 20 shell companies, directors of which were either his personal staff or retired employees. The ED made these claims in its recent chargesheet filed regarding the default of a IDBI Bank's loan worth 900 crores by Mr Mallya's K...
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Kanpur Farmer Thought His Loan Waived, Found Hanging After Bank Notice
There was a sense of relief in the Rajendra Kumar Nishad household earlier this year when Chief Minister Yogi Adityanath government announced a waiver of loans taken by small and marginal household. The 65-year-old farmer had an outstanding loan of 80,000 rupees from 2009. It was for a bore-well in his small farmland in the outskirts of Kanpur dist...
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Non-Bailable Warrant Against Vijay Mallya In 180-Crore Loan Default Case
A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).
-
Naresh Goyal's Plea Against 'Illegal' Arrest Not Maintainable: High Court
The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.
-
In Art Director Nitin Desai's Death, Police Case Against Creditor
Bollywood art director Nitin Desai's wife has filed a police case against five employees of creditor ECL Finance in his death case.
-
Jaypee Group's Flagship Firm Defaults On Rs 4,059 Crore Loans: Report
Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount, Press Trust of India reported.
-
"Chowkidars" Sleeping When Defaulters Looted Public Money: KCR's Daughter
BRS MLC in Telangana K Kavitha on Thursday said the BJP which claimed to be 'chowkidars' were "sleeping" when corporate loan defaulters of banks were looting public money.
-
Developer Supertech's Rs 432 Crore Default Led To Bankruptcy Order
The non-payment of around Rs 432 crore in dues led to India's bankruptcy court ordering insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group, documents showed on Friday.
-
"Won't Be Blamed For Others' Sin": Minister To Rahul Gandhi On Defaulters
Congress leader Rahul Gandhi on Monday demanded in parliament that the government reveal the names of top 50 willful loan defaulters and the steps taken to recover dues from them.
-
Bank Notice Against Madhya Pradesh Speaker's Sons Over Unpaid Loans
A notice to recover unpaid loan dues amounting to Rs 42.22 lakh from the two sons of Madhya Pradesh Assembly Speaker Narmada Prasad Prajapati was published by a bank on Sunday.
-
83 Notices Issued Against Loan Defaulters To Stop Them From Fleeing India
As many as 83 Look Out Circulars have been issued by the government against promoters of companies who have defaulted on their bank loans, preventing them from leaving the country, Union minister Nityanand Rai said on Wednesday.
-
No Legal Representation For Defaulters In Banks' Proceedings: Top Court
The Supreme Court has held that a person has no "right" to be represented by a lawyer in "in-house" proceedings initiated by banks or financial institutions to declare him willful defaulters for non-payment of dues.
-
Madras High Court Suggests Surrender Of Passports From Loan Defaulters
The Madras High Court has suggested that the Centre bring in appropriate amendments in the Passport Rules, so that banks and financial institutions can demand surrender of passports from loan defaulters and prevent them from fleeing the country.
-
India Submits Vijay Mallya's Extradition Paperwork To His Legal Team
The Indian government has submitted the requisite "opening note" and paperwork related to Vijay Mallya's extradition case to the liquor baron's legal team within the UK court deadline, according to official sources.
-
Name Top 100 Bank Loan Defaulters, Opposition Demands In Rajya Sabha
Samajwadi Party leader Naresh Agarwal said the RBI had at at a recent meeting stated that 12 biggest loan defaults accounted for 25 per cent of the total bad debt in the country.
-
Vijay Mallya Created 20 Shell Companies, Says Enforcement Directorate In Chargesheet
The Enforcement Directorate, in its latest chargesheet filed against Vijay Mallya, has alleged that the businessman floated 20 shell companies, directors of which were either his personal staff or retired employees. The ED made these claims in its recent chargesheet filed regarding the default of a IDBI Bank's loan worth 900 crores by Mr Mallya's K...
-
Kanpur Farmer Thought His Loan Waived, Found Hanging After Bank Notice
There was a sense of relief in the Rajendra Kumar Nishad household earlier this year when Chief Minister Yogi Adityanath government announced a waiver of loans taken by small and marginal household. The 65-year-old farmer had an outstanding loan of 80,000 rupees from 2009. It was for a bore-well in his small farmland in the outskirts of Kanpur dist...
