Loan Defaulter

JSW, AION Investments get creditor's nod for bankrupt Monnet Ispat takeover

Monnet Ispat is among India’s 12 biggest loan defaulters, which were pushed into bankruptcy last year, as part of the country’s new bankruptcy law aimed at cutting close to $150 billion of accumulated soured loans.

Subramanian Swamy calls Adani ‘biggest NPA trapeze artiste’: Modi, Mallya crackdown is fine but let’s not miss forest for trees

One don’t know for sure whether Adani is the biggest loan defaulter or not, but, indeed the Adani group owes big chunks of money to banks

Nirav Modi's fraud case not a first for Punjab National Bank, it has been a sitting duck for decades

Nirav Modi's case, and Rajendra Sethia before him, show there is something about PNB that makes it attractive to scamsters, loan defaulters and frauds.

Madhya Pradesh farmers' protest: Rahul Gandhi is only worsening problem with flawed logic on loan waiver

Rahul Gandhi's intent to help the grieving farmers is laudable, but his argument will only encourage more farmers to join the protests seeking freebies

Vijay Mallya arrest: Bail is a temporary win, but tycoon can’t flash the victim card anymore

The core of Mallya’s arguments against banks and investigators has been that he hasn’t borrowed the money personally, but his airline did, hence the default cannot be his personal responsibility

No honourable exit for Vijay Mallya? RS Chairman rejects resignation

Liquor baron Vijay Mallya sent a resignation letter to the Rajya Sabha, however, Chairman of the Upper House, Hamid Ansari rejected the resignation letter