Tag: loan default
9 Results
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Actor Rajpal Yadav, wife found guilty in Rs 5 crore loan default case
The Karkardooma court in Delhi has reportedly reserved its verdict, which it will pronounce on 23 April.
April 14, 2018 -
No threat to Mallya’s life in jail: India to tell UK court
India will soon convey to a British court that fugitive liquor baron Vijay Mallya will not face any threat to his life in jail, if extradited in connection with a Rs 9,000 crore loan default, officials said. The Indian government’s assurance will be conveyed to the Westminster Magistrates’ Court in London through the Crown Prosecution …
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November 15, 2017 -
Loan default: Listed cos get a breather from Sebi
Markets regulator Sebi has put off implementation of its directive “until further notice” that required listed firms to inform exchanges if they default on loan payments to banks and financial institutions. In a circular, the Securities and Exchange Board of India (Sebi) said it has decided to defer implementation of its earlier directive “until further …
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September 30, 2017 -
Vijay Mallya arrest: List of 17 banks waiting for him
The 17 banks have paid nearly Rs 7,000 crore (excluding interest) to the liquor baron
April 18, 2017 -
Mallya says ready to talk to banks for one-time settlement
The embattled liquor baron Vijay Mallya on Friday took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs.9,000-crore loan default. "Public sector banks have policies for one-time settlements. Hundreds of borrowers have settled. Why should this be denied to us? Our substantial offer before the honourable …
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March 10, 2017 -
UK considering India’s request to extradite Mallya, other fugitives
The United Kingdom is believed to have assured India that it was seriously looking into New Delhi's request to extradite liquor baron Vijay Mallya and other Indian fugitives from the law who have taken refuge in the European nation. The assurance came at a new round of two-day dialogue on matters related to extradition and …
Continue reading "UK considering India’s request to extradite Mallya, other fugitives"
February 22, 2017 -
UK considering India’s request to extradite Mallya, other fugitives
The United Kingdom is believed to have assured India that it was seriously looking into New Delhi's request to extradite liquor baron Vijay Mallya and other Indian fugitives from the law who have taken refuge in the European nation. The assurance came at a new round of two-day dialogue on matters related to extradition and …
Continue reading "UK considering India’s request to extradite Mallya, other fugitives"
February 22, 2017 -
UK considering India’s request to extradite Mallya, other fugitives
The United Kingdom is believed to have assured India that it was seriously looking into New Delhi's request to extradite liquor baron Vijay Mallya and other Indian fugitives from the law who have taken refuge in the European nation. The assurance came at a new round of two-day dialogue on matters related to extradition and …
Continue reading "UK considering India’s request to extradite Mallya, other fugitives"
February 22, 2017 -
Banks to confiscate security in case of loan default
Banks can confiscate security in case of loan default as President Pranab Mukherjee has given assent to a law aimed at faster recovery and resolution of bad debts. The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016, has received nod from the President and it has been notified, …
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August 17, 2016