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IMF Reaches Agreement With Sri Lanka On $344 Million Loan Payout
The International Monetary Fund announced Friday it had reached agreement on a loan program review with Sri Lanka which will make around $344 million available to support the country's economic reforms.
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At PM Modi's Meet With UK PM, Push To Extradite Vijay Mallya, Nirav Modi
Vijay Mallya is accused in a bank loan default case and fled India in 2016, while Nirav Modi is wanted by Indian authorities for defrauding the Punjab National Bank.
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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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Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
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Byju's Loses One Of Its Units To Lenders After $1.2 Billion Loan Default
Lenders to Byju's, once one of India's hottest tech startups, properly cited a default on a $1.2 billion loan when taking over control of a unit of the education-technology provider, a Delaware judge concluded.
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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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Why Court Fined Maharashtra Man Rs 24 Lakh For Defaulting On 12 Lakh Loan
A court in Maharashtra's Thane district sentenced a man to three months of simple imprisonment and imposed a fine of Rs 24 lakh on him for failing to repay a loan.
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For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
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Byju's Lenders Accused Of Using Bogus Default Claims To Take Control
Lenders to one of India's hottest tech startups, Byju's, created bogus default claims tied to a $1.2 billion loan as part of a scheme to gain control of the education technology provider, the firm's lawyer told a judge.
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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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Noted Art Director Nitin Desai, Found Dead At Home, Defaulted On Rs 252 Crore Loan
Noted art director Nitin Chandrakant Desai, who was found dead at his studio in Maharashtra's Raigad, had defaulted on a Rs 252-crore loan to its financial creditor, and a bankruptcy court had admitted an insolvency petition against his firm.
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Jaypee Group's Flagship Firm Defaults On Rs 4,044 Crore Loans
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount.
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Bank Unions Oppose Move To Allow Compromise Settlement For Defaulters
Bank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise settlement.
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Jaypee Group's Flagship Firm Defaults On Rs 4,161 Crore Loans On March 31
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,161 crore, including principal and interest amount.
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RBI's Proposal To Regulate Bank Penal Charges Could Dent Revenues: Report
The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues going forward, Morgan Stanley said.
-
IMF Reaches Agreement With Sri Lanka On $344 Million Loan Payout
The International Monetary Fund announced Friday it had reached agreement on a loan program review with Sri Lanka which will make around $344 million available to support the country's economic reforms.
-
At PM Modi's Meet With UK PM, Push To Extradite Vijay Mallya, Nirav Modi
Vijay Mallya is accused in a bank loan default case and fled India in 2016, while Nirav Modi is wanted by Indian authorities for defrauding the Punjab National Bank.
-
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).
-
Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
-
Byju's Loses One Of Its Units To Lenders After $1.2 Billion Loan Default
Lenders to Byju's, once one of India's hottest tech startups, properly cited a default on a $1.2 billion loan when taking over control of a unit of the education-technology provider, a Delaware judge concluded.
-
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.
-
Why Court Fined Maharashtra Man Rs 24 Lakh For Defaulting On 12 Lakh Loan
A court in Maharashtra's Thane district sentenced a man to three months of simple imprisonment and imposed a fine of Rs 24 lakh on him for failing to repay a loan.
-
For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
-
Byju's Lenders Accused Of Using Bogus Default Claims To Take Control
Lenders to one of India's hottest tech startups, Byju's, created bogus default claims tied to a $1.2 billion loan as part of a scheme to gain control of the education technology provider, the firm's lawyer told a judge.
-
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.
-
Noted Art Director Nitin Desai, Found Dead At Home, Defaulted On Rs 252 Crore Loan
Noted art director Nitin Chandrakant Desai, who was found dead at his studio in Maharashtra's Raigad, had defaulted on a Rs 252-crore loan to its financial creditor, and a bankruptcy court had admitted an insolvency petition against his firm.
-
Jaypee Group's Flagship Firm Defaults On Rs 4,044 Crore Loans
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount.
-
Bank Unions Oppose Move To Allow Compromise Settlement For Defaulters
Bank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise settlement.
-
Jaypee Group's Flagship Firm Defaults On Rs 4,161 Crore Loans On March 31
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,161 crore, including principal and interest amount.
-
RBI's Proposal To Regulate Bank Penal Charges Could Dent Revenues: Report
The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues going forward, Morgan Stanley said.
