Loan Defaulter
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Lilavati Trust Seeks Removal Of HDFC Bank CEO, Bank Responds
Lilavati Trust has called for the immediate suspension and prosecution of Managing Director and CEO of HDFC Bank, Sashidhar Jagdishan.
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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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At PM Modi's Meet With UK PM, Push To Extradite Vijay Mallya, Nirav Modi
Vijay Mallya is accused in a bank loan default case and fled India in 2016, while Nirav Modi is wanted by Indian authorities for defrauding the Punjab National Bank.
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Non-Bailable Warrant Against Vijay Mallya In 180-Crore Loan Default Case
A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).
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Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
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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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Byju's Lenders Accused Of Using Bogus Default Claims To Take Control
Lenders to one of India's hottest tech startups, Byju's, created bogus default claims tied to a $1.2 billion loan as part of a scheme to gain control of the education technology provider, the firm's lawyer told a judge.
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In Art Director Nitin Desai's Death, Police Case Against Creditor
Bollywood art director Nitin Desai's wife has filed a police case against five employees of creditor ECL Finance in his death case.
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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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Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
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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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Lilavati Trust Seeks Removal Of HDFC Bank CEO, Bank Responds
Lilavati Trust has called for the immediate suspension and prosecution of Managing Director and CEO of HDFC Bank, Sashidhar Jagdishan.
-
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.
-
At PM Modi's Meet With UK PM, Push To Extradite Vijay Mallya, Nirav Modi
Vijay Mallya is accused in a bank loan default case and fled India in 2016, while Nirav Modi is wanted by Indian authorities for defrauding the Punjab National Bank.
-
Non-Bailable Warrant Against Vijay Mallya In 180-Crore Loan Default Case
A special court in Mumbai has issued a non-bailable warrant (NBW) against fugitive businessman Vijay Mallya in a Rs 180-crore loan default case linked to Indian Overseas Bank (IOB).
-
Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.
-
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.
-
Byju's Lenders Accused Of Using Bogus Default Claims To Take Control
Lenders to one of India's hottest tech startups, Byju's, created bogus default claims tied to a $1.2 billion loan as part of a scheme to gain control of the education technology provider, the firm's lawyer told a judge.
-
In Art Director Nitin Desai's Death, Police Case Against Creditor
Bollywood art director Nitin Desai's wife has filed a police case against five employees of creditor ECL Finance in his death case.
-
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.
-
Vijay Mallya Bought Properties Worth Rs 330 Crore Amid Airline Crisis: CBI
Businessman Vijay Mallya bought properties worth Rs 330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron.
-
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.
