Mumbai Loan Defaulter
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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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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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Yes Bank Case: Court Denies Bail To 2 Former Executives Of Travel Firm Cox And Kings
A special Prevention of Money-Laundering or PMLA court in Mumbai on Wednesday rejected bail pleas of a former Chief Financial Officer and an ex-internal auditor of Cox and Kings Group, who were arrested by the Enforcement Directorate in connection with its probe in the Yes Bank alleged loan default case.
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PMC Bank Crisis: Police Custody Of HDIL Directors Extended To October 14
A Mumbai court has extended police custody of HDIL Directors Rakesh and Sarang Wadhwan till October 14 after they were arrested last week in connection with loan default worth Rs 4,355 crore at PMC Bank
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How Father-Son Promoters Of Crisis-Hit HDIL Ended Up In Police Lock-Up
The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) openly maintained a flamboyant lifestyle as they moved around with armed guards. Accused of not repaying loans up to Rs 6,500 crore to Punjab and Maharashtra Cooperative (PMC) Bank, Rakesh Kumar Wadhawan and his son Sarang Wadhawan will stay in...
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In PMC Bank Crisis, Directors Of Firm Accused Of Loan Default Arrested
Two directors of the real estate firm HDIL that set off the massive crisis at the Punjab Maharashtra Co-operative (PMC) Bank by defaulting on loans worth nearly Rs 6,500 crore have been arrested. Rakesh Wadhawan and Sarang Wadhawan, senior executives at Housing Development and Infrastructure Ltd (HDIL), were arrested by the Economic Offences Wing o...
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Vijay Mallya Case Under New Fugitive Law To Be Heard Next On September 3
A special court in Mumbai today fixed September 3 as the next date of hearing in the Vijay Mallya fugitive economic offender declaration case as some other parties have sought to implead themselves in the matter pertaining to the alleged default of over Rs 9,000 crore bank loans, officials said.
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Businessman Seeks Loan For New Car, Discovers He Already Bought Two
A 55-year-old businessman from Thane approached a financial institution to seek loan for buying a new car, and was shocked to learn that he was on a defaulters' list, for not repaying Rs 15 lakh for two cars purchased earlier. Dashrath Sable, who owns a travel business, found the two cars had been bought with his documents and even his signature ha...
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Mumbai's Arthur Road Jail To Be Vijay Mallya's Home, India To Tell UK Court
Arthur road jail in Mumbai will be the home of fugitive liquor baron Vijay Mallya if he is extradited to India to face the law in connection with the Rs 9,000 crore loan default cases.
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Vijay Mallya Used IDBI Loan For Kingfisher Airlines To Fund Formula 1 Race Team Too', Alleges Enforcement Directorate
Business tycoon Vijay Mallya was "the prime mover in the plot" to launder a big chunk of the 900 crore-bank loan taken to keep Kingfisher Airlines flying in 2009 and had used part of the IDBI bank loan to even fund the Force India Formula 1 Team, the Enforcement Directorate has alleged in charges filed in a Mumbai court on Wednesday.
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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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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.
-
Yes Bank Case: Court Denies Bail To 2 Former Executives Of Travel Firm Cox And Kings
A special Prevention of Money-Laundering or PMLA court in Mumbai on Wednesday rejected bail pleas of a former Chief Financial Officer and an ex-internal auditor of Cox and Kings Group, who were arrested by the Enforcement Directorate in connection with its probe in the Yes Bank alleged loan default case.
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PMC Bank Crisis: Police Custody Of HDIL Directors Extended To October 14
A Mumbai court has extended police custody of HDIL Directors Rakesh and Sarang Wadhwan till October 14 after they were arrested last week in connection with loan default worth Rs 4,355 crore at PMC Bank
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How Father-Son Promoters Of Crisis-Hit HDIL Ended Up In Police Lock-Up
The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) openly maintained a flamboyant lifestyle as they moved around with armed guards. Accused of not repaying loans up to Rs 6,500 crore to Punjab and Maharashtra Cooperative (PMC) Bank, Rakesh Kumar Wadhawan and his son Sarang Wadhawan will stay in...
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In PMC Bank Crisis, Directors Of Firm Accused Of Loan Default Arrested
Two directors of the real estate firm HDIL that set off the massive crisis at the Punjab Maharashtra Co-operative (PMC) Bank by defaulting on loans worth nearly Rs 6,500 crore have been arrested. Rakesh Wadhawan and Sarang Wadhawan, senior executives at Housing Development and Infrastructure Ltd (HDIL), were arrested by the Economic Offences Wing o...
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Vijay Mallya Case Under New Fugitive Law To Be Heard Next On September 3
A special court in Mumbai today fixed September 3 as the next date of hearing in the Vijay Mallya fugitive economic offender declaration case as some other parties have sought to implead themselves in the matter pertaining to the alleged default of over Rs 9,000 crore bank loans, officials said.
-
Businessman Seeks Loan For New Car, Discovers He Already Bought Two
A 55-year-old businessman from Thane approached a financial institution to seek loan for buying a new car, and was shocked to learn that he was on a defaulters' list, for not repaying Rs 15 lakh for two cars purchased earlier. Dashrath Sable, who owns a travel business, found the two cars had been bought with his documents and even his signature ha...
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Mumbai's Arthur Road Jail To Be Vijay Mallya's Home, India To Tell UK Court
Arthur road jail in Mumbai will be the home of fugitive liquor baron Vijay Mallya if he is extradited to India to face the law in connection with the Rs 9,000 crore loan default cases.
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Vijay Mallya Used IDBI Loan For Kingfisher Airlines To Fund Formula 1 Race Team Too', Alleges Enforcement Directorate
Business tycoon Vijay Mallya was "the prime mover in the plot" to launder a big chunk of the 900 crore-bank loan taken to keep Kingfisher Airlines flying in 2009 and had used part of the IDBI bank loan to even fund the Force India Formula 1 Team, the Enforcement Directorate has alleged in charges filed in a Mumbai court on Wednesday.
