Latest News on Loan Defaults
Showing of 0 - 10 from 13 results
Loan Defaults - Total results - 13
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
Nov 29, 2017
Narendra Modi's Gujarat speech: If bank nationalisation was Indira’s drama, he has a chance to undo itNarendra Modi's claim on bank nationalisation is not entirely correct. It has indeed helped improve access to formal banking to the poor in far flung areas
Jun 14, 2017
Banks express concern over stress, likely loan defaults in telecom sectorThe IMG met officials from four leading banks -- State Bank of India, Punjab National Bank, Axis Bank and HDFC Bank on financial difficulties being faced by the telecom industry, whose debt burden stand at a whopping Rs 4.6 lakh crore.
Apr 19, 2017
Vijay Mallya arrest: Bail is a temporary win, but tycoon can’t flash the victim card anymoreThe 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