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Latest News on Loan Defaults
Showing of 0 - 10 from 16 results
Loan Defaults - Total results - 16
Oct 17, 2019
HDIL promoters Wadhawans write to RBI, investigating agencies to sell their attached assets to repay PMC Bank loansThe letter was released by a spokesperson of the Wadhawans.
Aug 06, 2019
Sebi mulls tighter norms to ensure full disclosure on loan defaults with rating agenciesCredit rating agencies have come under the scanner for failing to flag potential credit risks of the securities and entities rated by them
Apr 02, 2019
Supreme Court squashes RBI's NPA circular: Rating agencies say negative for banks, to delay debt resolution processSupreme Court quashed the RBI circular of 12 February, 2018 dealing with loan defaults by making it mandatory on banks to recognize even a day's default
Jan 25, 2019
Supreme Court upholds IBC in its 'entirety', refuses pleas to allow operational creditors' parity with financial creditorsThe apex court, while dismissing a batch of petitions challenging the IBC, refused pleas to allow operational creditors' parity with financial creditors
Jan 23, 2019
Etihad, lenders hold discussion to facilitate emergency funding for debt-laden Jet AirwaysNaresh Goyal-promoted Jet Airways has been looking for funds for the past few months to keep it afloat amid rising debt and loan defaults besides non-payment of salary to its employees.
Dec 14, 2018
Nitin Gadkari backs Vijay Mallya, says not fair to call him a thief for one loan defaultUnion Minister Nitin Gadkari on Thursday suggested that it is unfair to tag a "one-time loan defaulter Vijay Mallyaji" as a "chor" (thief), adding that the embattled businessman has a four-decade-long track record of timely debt servicing.
May 24, 2018
Cabinet approves IBC amendment: Why recognising homebuyers as financial creditors is not going to solve the messArray
Mar 31, 2018
If the Income Tax Department can go to town, the RBI too could name and shame defaultersNaming and shaming has greater justification in the context of loan defaults vis-à-vis income tax defaults.
Dec 14, 2017
Vijay Mallya $1.5 bn assets freeze order in UK courts until April 2018Vijay Mallya, who is undergoing an extradition trial in a UK court over Rs 9,000-crore fraud and money laundering charges, will face next year a parallel litigation brought by 13 Indian banks to freeze nearly $1.5 billion of his assets
Dec 03, 2017
Vijay Mallya extradition: Team of CBI officers to attend trial in London court from MondayA team of CBI officers will attend the extradition trial of industrialist Vijay Mallya, who is facing a probe by the agency into alleged loan defaults of over Rs 9,000 crore