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Vijay Mallya Opens Up About Returning To India: "If I Get Assurance Of..."
Fugitive businessman Vijay Mallya has stated that he would consider returning to the country if he is assured of a fair trial in connection with accusations of defaulting on loans worth several crores from Indian banks.
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IMF Reaches Agreement With Sri Lanka On $344 Million Loan Payout
The International Monetary Fund announced Friday it had reached agreement on a loan program review with Sri Lanka which will make around $344 million available to support the country's economic reforms.
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Byju's Loses One Of Its Units To Lenders After $1.2 Billion Loan Default
Lenders to Byju's, once one of India's hottest tech startups, properly cited a default on a $1.2 billion loan when taking over control of a unit of the education-technology provider, a Delaware judge concluded.
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Naresh Goyal's Plea Against 'Illegal' Arrest Not Maintainable: High Court
The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.
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Why Court Fined Maharashtra Man Rs 24 Lakh For Defaulting On 12 Lakh Loan
A court in Maharashtra's Thane district sentenced a man to three months of simple imprisonment and imposed a fine of Rs 24 lakh on him for failing to repay a loan.
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Noted Art Director Nitin Desai, Found Dead At Home, Defaulted On Rs 252 Crore Loan
Noted art director Nitin Chandrakant Desai, who was found dead at his studio in Maharashtra's Raigad, had defaulted on a Rs 252-crore loan to its financial creditor, and a bankruptcy court had admitted an insolvency petition against his firm.
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Jaypee Group's Flagship Firm Defaults On Rs 4,059 Crore Loans: Report
Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount, Press Trust of India reported.
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"Chowkidars" Sleeping When Defaulters Looted Public Money: KCR's Daughter
BRS MLC in Telangana K Kavitha on Thursday said the BJP which claimed to be 'chowkidars' were "sleeping" when corporate loan defaulters of banks were looting public money.
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Kerala Fisherman Wins Rs 70 Lakh Lottery Hours After Getting Bank Notice
Barely hours after he received an attachment notice from a bank in respect of his house for default on loan repayment, a fish seller from Kerala was able to heave a sigh of relief as he won the Rs 70 lakh Akshaya lottery of the state government.
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Pune Police Bust Call Centre Of Instant Loan Apps, 18 Arrested
The Pune police have busted a call centre dealing with instant loan apps that offered small loans in Bengaluru and arrested 18 people involved in issuing threats and harassing defaulters, an official said on Friday.
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Voyager Digital Files for Bankruptcy Week After Suspending Withdrawals, Trading and Deposits
Crypto lender Voyager Digital has filed for bankruptcy, as part of a procedure that puts a hold on all civil litigation matters and allows companies to prepare turnaround plans while remaining operational. Voyager’s move comes a week after it suspended withdrawals, trading and deposits to its platform as it sought additional time to explore strat...
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Banks Never Got Back Money From Defaulters Under UPA Government: Finance Minister
Union Finance Minister Nirmala Sitharaman on Monday attacked the previous UPA regime for its alleged failure to recover money from those who turned their loan accounts into non performing assets, and said under the Modi government, banks for the firs
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Developer Supertech's Rs 432 Crore Default Led To Bankruptcy Order
The non-payment of around Rs 432 crore in dues led to India's bankruptcy court ordering insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group, documents showed on Friday.
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Bailable Warrant Issued Against Shilpa Shetty's Mother In Loan Default Case
A court on Tuesday issued a bailable warrant against Bollywood actor Shilpa Shetty's mother in a case related to alleged non-repayment of a loan of Rs 21 lakh.
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Supreme Court Reserves Order On Punishment In Contempt Case Against Vijay Mallya
The Supreme Court reserved verdict on quantum of sentence against fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case
-
Vijay Mallya Opens Up About Returning To India: "If I Get Assurance Of..."
Fugitive businessman Vijay Mallya has stated that he would consider returning to the country if he is assured of a fair trial in connection with accusations of defaulting on loans worth several crores from Indian banks.
-
IMF Reaches Agreement With Sri Lanka On $344 Million Loan Payout
The International Monetary Fund announced Friday it had reached agreement on a loan program review with Sri Lanka which will make around $344 million available to support the country's economic reforms.
-
Byju's Loses One Of Its Units To Lenders After $1.2 Billion Loan Default
Lenders to Byju's, once one of India's hottest tech startups, properly cited a default on a $1.2 billion loan when taking over control of a unit of the education-technology provider, a Delaware judge concluded.
-
Naresh Goyal's Plea Against 'Illegal' Arrest Not Maintainable: High Court
The Bombay High Court on Tuesday rejected the petition filed by Jet Airways founder Naresh Goyal challenging his "illegal" arrest in a money laundering case linked to bank loan default, noting that the plea was not maintainable.
-
Why Court Fined Maharashtra Man Rs 24 Lakh For Defaulting On 12 Lakh Loan
A court in Maharashtra's Thane district sentenced a man to three months of simple imprisonment and imposed a fine of Rs 24 lakh on him for failing to repay a loan.
-
Noted Art Director Nitin Desai, Found Dead At Home, Defaulted On Rs 252 Crore Loan
Noted art director Nitin Chandrakant Desai, who was found dead at his studio in Maharashtra's Raigad, had defaulted on a Rs 252-crore loan to its financial creditor, and a bankruptcy court had admitted an insolvency petition against his firm.
-
Jaypee Group's Flagship Firm Defaults On Rs 4,059 Crore Loans: Report
Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount, Press Trust of India reported.
-
"Chowkidars" Sleeping When Defaulters Looted Public Money: KCR's Daughter
BRS MLC in Telangana K Kavitha on Thursday said the BJP which claimed to be 'chowkidars' were "sleeping" when corporate loan defaulters of banks were looting public money.
-
Kerala Fisherman Wins Rs 70 Lakh Lottery Hours After Getting Bank Notice
Barely hours after he received an attachment notice from a bank in respect of his house for default on loan repayment, a fish seller from Kerala was able to heave a sigh of relief as he won the Rs 70 lakh Akshaya lottery of the state government.
-
Pune Police Bust Call Centre Of Instant Loan Apps, 18 Arrested
The Pune police have busted a call centre dealing with instant loan apps that offered small loans in Bengaluru and arrested 18 people involved in issuing threats and harassing defaulters, an official said on Friday.
-
Voyager Digital Files for Bankruptcy Week After Suspending Withdrawals, Trading and Deposits
Crypto lender Voyager Digital has filed for bankruptcy, as part of a procedure that puts a hold on all civil litigation matters and allows companies to prepare turnaround plans while remaining operational. Voyager’s move comes a week after it suspended withdrawals, trading and deposits to its platform as it sought additional time to explore strat...
-
Banks Never Got Back Money From Defaulters Under UPA Government: Finance Minister
Union Finance Minister Nirmala Sitharaman on Monday attacked the previous UPA regime for its alleged failure to recover money from those who turned their loan accounts into non performing assets, and said under the Modi government, banks for the firs
-
Developer Supertech's Rs 432 Crore Default Led To Bankruptcy Order
The non-payment of around Rs 432 crore in dues led to India's bankruptcy court ordering insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group, documents showed on Friday.
-
Bailable Warrant Issued Against Shilpa Shetty's Mother In Loan Default Case
A court on Tuesday issued a bailable warrant against Bollywood actor Shilpa Shetty's mother in a case related to alleged non-repayment of a loan of Rs 21 lakh.
-
Supreme Court Reserves Order On Punishment In Contempt Case Against Vijay Mallya
The Supreme Court reserved verdict on quantum of sentence against fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case
