Bank Loan-default

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Bank Loan-default - Total results - 12
Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him in other jurisdictions: SC
Business

Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him in other jurisdictions: SC

Vijay Mallya, who is currently in the UK, has been charged by the Enforcement Directorate (ED) with defaulting on bank loans to the tune of Rs 9,000 crore.

If ED, CBI object proposal to sell assets, it'd show agenda beyond dues recovery, says Vijay Mallya
Business

If ED, CBI object proposal to sell assets, it'd show agenda beyond dues recovery, says Vijay Mallya

In a series of tweets a day after claiming that he has become the "poster boy" of bank default and a lightning rod for public anger, Vijay Mallya said he will continue to make every effort to settle dues with the bank

Vijay Mallya breaking silence because 'prime minister, finance minister did not respond' to his letters
Business

Vijay Mallya breaking silence because 'prime minister, finance minister did not respond' to his letters

Mallya wrote a letter to Prime Minister Narendra Modi which he made public on Twitter on Tuesday.

RBI overhauls bad loan treatment norms for banks: All you need to know about the new framework
Business

RBI overhauls bad loan treatment norms for banks: All you need to know about the new framework

The new RBI guidelines have scrapped all loan restructuring schemes present in the banking system to deal with stressed assets.

India gives extradition request for Vijay Mallya to the UK High Commission: MEA
Business

India gives extradition request for Vijay Mallya to the UK High Commission: MEA

Asserting that India has a "legitimate" case against Mallya, External Affairs Ministry Spokesman Vikas Swarup said if an extradition request is honoured, it shows their "sensitivity towards our concerns".

Corporate NPAs in sarkari banks double in 3 yrs; can new Bankruptcy law offer antidote?
Business

Corporate NPAs in sarkari banks double in 3 yrs; can new Bankruptcy law offer antidote?

In just 3-years, the corporate Non-Performing Assets (NPAs) of sarakari banks more than doubled as a percent of total corporate loans, going by the information provided by Minister of state of finance, Jayant Sinha, in Parliament.

Chartered accountants' apex body reviews financial statements of Mallya group firms
Business

Chartered accountants' apex body reviews financial statements of Mallya group firms

Chartered accountants' apex body ICAI is reviewing financial statements of certain Vijay Mallya group firms to assess the role of auditors and has warned of strict disciplinary action in case of violations.

Mr Mallya, why don't you return to India if you are not a defaulter?
Business

Mr Mallya, why don't you return to India if you are not a defaulter?

Vijay Mallya, not definitely the King of Good Times these days, isn’t a happy man with so many recent developments. One such is the ‘media trial’ against him since 2 March—the day when he left the country with seven bags, an unidentified woman, Rs9000 crore loan obligation, a wilful defaulter notice and charges on financial irregularities.

Vijay Mallya resigns as MP; says he is disappointed with Rajya Sabha colleagues
Business

Vijay Mallya resigns as MP; says he is disappointed with Rajya Sabha colleagues

Embattled Liquor-baron, Vijay Mallya, has resigned from his capacity as a member of parliament, a week after the Rajya Sabha ethics panel recommended his termination. The committee had given Mallya a week to respond. Mallya’s MP status was supposed to expire in June, 2016.

Banks have lost it: Sending Vijay Mallya to jail will make them double-losers
Business

Banks have lost it: Sending Vijay Mallya to jail will make them double-losers

Is India losing the plot on Vijay Mallya, the failed airline entrepreneur who has lost some of his crown jewels in the booze business while trying to make Kingfisher fly long after it was time to say quits?