Latest News on Wilful Defaulter
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Wilful Defaulter - Total results - 171
May 08, 2018
Vijay Mallya loses UK lawsuit over Rs 10,000 crore in Indian claims; ruling to benefit IDBI Bank, Modi and the BJPA London court has reportedly backed India's claims that former liquor baron Vijay Mallya is a wilful defaulter.
Apr 20, 2018
Scam-hit PNB gets passports of wilful defaulters impounded; expects to recover Rs 1800 cr from name and shame campaignState-run lender PNB is expected to recover around Rs 1,800 crore from its non-performing assets (NPAs) recovery mechanism - "Mission Gandhigiri"
Mar 13, 2018
Govt asks public sector banks to 'name and shame' wilful defaulters by publishing their photographs in newspapersThe number of wilful defaulters, who did not repay loans to public sector banks (PSBs) despite the capacity to do so, rose to 9,063 at the end of December 2017.
Mar 09, 2018
Wilful defaulters rise 1.7% till December, owe Rs 1.10 lakh cr to public sector banksThere are provisions for penal measures and criminal action against wilful defaulters as per the guidelines of Reserve Bank of India
Feb 13, 2018
Govt lauds RBI's stricter rules to tackle bad loans, says it is a wake up call for loan defaultersRevised framework has specified norms for 'early identification' of stressed assets, timelines for implementation of resolution plans
Jan 11, 2018
Vijay Mallya extradition trial resumes in London, court to decide on 'admissibility' of evidence submitted by ED, CBIJudge Emma Arbuthnot will rule on the evidence, following which she is expected to set a timetable for closing arguments and her verdict on whether Vijay Mallya can be extradited to India
Jan 09, 2018
Vedanta races past Tata group to emerge as top bidder in resolution process for Electrosteel SteelsThe tribunal had appointed Dhaivat Anjaria of PwC as interim resolution professional to resolve the Electrosteel loans issue
Jan 02, 2018
Insolvency and Bankruptcy Code: An efficient mechanism for tackling NPAs but resolution professionals face challengesIntention of bringing in new insolvency law was essentially to clean up the banking mess and thereby providing a boost to the economy
Dec 29, 2017
As LS passes insolvency amendment bill, Arun Jaitley says defaulters can bid for firms on certain conditionsBill seeks to replace an ordinance promulgated in Nov to prevent unscrupulous persons from misusing provisions of Insolvency and Bankruptcy Code
Dec 28, 2017
Insolvency and Bankruptcy amendment bill that seeks to ban wilful defaulters tabled in Lok SabhaThe amended insolvency and bankruptcy law that is being implemented by Corporate Affairs Ministry became operational in December 2016