Latest News on Loan Default
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Loan Default - Total results - 43
Jan 06, 2020
Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him in other jurisdictions: SCVijay 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.
Nov 21, 2019
SEBI tightens disclosure norms on loan defaults, reduces time for rights issue to bolster capital marketsSebi has made it compulsory for the top 1,000 listed companies to prepare annual business responsibility reports covering their activities related to environment and stakeholder relationships
Jun 07, 2019
RBI issues revised guidelines on stress loans, offers 30-day gap for NPA recognition; replaces 12 February circularThe Reserve Bank Friday issued a new framework for resolution of bad loans, replacing the previous norms quashed by the Supreme Court in April, offering a 30-day gap for stress recognition instead of the one-day default earlier
May 06, 2019
IL&FS crisis: Auditors have many questions to answer; gravity of offence will determine quantum of action: GovtCrisis-hit IL&FS group's debt burden is estimated to be more than Rs 94,000 crore and various entities, including some former officials and auditors, are under the scanner for widespread irregularities and huge loan defaults.
Dec 10, 2018
Vijay Mallya extradition case: Arthur Road Jail keeps high security cell ready for liquor tycoonAuthorities at the Arthur Road prison have kept a high-security cell ready for liquor tycoon Vijay Mallya if he is extradited from UK in connection with loan default cases against him in India
Nov 09, 2018
CBI refuses to disclose records on how lookout circular against Vijay Mallya was changedThe CBI had issued LOC against Mallya calling for his detention if he intends to leave the country or arrive here from abroad but in a surprise move it was diluted asking the immigration authorities to merely inform the agency in case of his travel.
Oct 31, 2018
PMLA court rejects Vijay Mallya plea seeking to stay attachment of his assets by Enforcement DirectorateThe special court had heard extensive arguments from Mallya's lawyer as well as the ED counsel on his petition seeking a stay on proceedings of the financial crime probe agency against him
Oct 12, 2018
Six years after Rs 9,000 cr default, Vijay Mallya is still a free man; but a farmer can be sent to jail in just 5 hours for a Rs 1.2 lakh crop loan?Array
Sep 26, 2018
NPAs on a decline as loan recovery picking up, says Arun Jaitley after annual PSU banks' review meetJaitley said after the Insolvency and Bankruptcy Code (IBC) came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up.
Sep 18, 2018
First lookout circular against Vijay Mallya for his detention was not sustainable, needed correction as there was no warrant : CBIThe CBI said on Tuesday that the first look out circular against embattled businessman Vijay Mallya for his detention at airport was not sustainable in law and needed correction as there was no warrant against him at that time.