Corporate Debt Default
- All
- News
- Videos
-
India To Set Up $4 Billion Fund To Backstop Corporate Debt Market
SBI Mutual Fund has been tasked with administrating the backstop fund, which was first proposed by the Securities and Exchange Board of India (SEBI) in 2020 after high-profile defaults rocked the domestic debt market.
-
Government Says 43 Corporate Debtors' Cases Resolved Under Bankruptcy Code
Government has said 43 large corporate debtors, each having total admitted claims of Rs 2,500 crore were resolved under IBC till December 31, 2021
-
Crisis-Hit Yes Bank's Founder Rana Kapoor Arrested For Alleged Fraud
Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...
-
IL&FS Crisis: Sebi Fines ICRA, CARE Over Debt Ratings
The country's credit rating agencies have come under pressure from authorities and investors over their failure to proactively flag financial problems at IL&FS, one of the country's biggest non-banking financial companies (NBFCs) until a subsidiary started defaulting on some of its debt last year.
-
Anil Ambani Says Group Will Pay Another $2.1 Billion Debt By March
Anil Ambani, 60, is struggling to save the remnants of his telecommunications-to-infrastructure empire from collapse. In June, Reliance Group said it repaid Rs 35,000 crore in the previous 14 months through asset disposals, excluding Reliance Communications.
-
IL&FS Seeks Tribunal Approval For Sale Of Wind Energy Arm
IL&FS had already received approval earlier last month for the sale of its wind energy business from Justice (Retired) DK Jain, appointed by the National Company Law Appellate Tribunal (NCLAT) to supervise the operation of the debt resolution process of the IL&FS group companies.
-
Dewan Housing Finance Misses Debt Payments
Two major credit ratings agencies - ICRA, an affiliate of Moody's, and Standard & Poor's local unit Crisil - earlier this month categorised DHFL's commercial paper at default levels for missing bond payments.
-
"Imminent Crisis" In Shadow Banking Sector: Corporate Affairs Secretary
In recent months, the country's financial system has been grappling with multiple woes in the wake of the turmoil at diversified IL&FS group as well as debt defaults by some other large entities.
-
Former IL&FS Managing Director Ramesh Bawa Arrested
Mr Bawa had resigned from his position in September 2018 after a series of defaults by IL&FS which sent tremors in financial markets.
-
Indian Oil Briefly Halts Fuel Supply To Beleaguered Jet Airways: Report
The Mumbai-based airline, which was until recently country's second-biggest by market share, has defaulted on several loan payments.
-
Jet Airways Pilots Defer Strike, Seek Salary Dues By April 14
Jet Airways has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after racking up more than $1 billion in debt. Once India's leading full service carrier, Jet Airways struggled to compete with low-cost carriers in recent years.
-
Jet Airways Grounds Four More Planes, Takes Total To 32
With debts of more than $1 billion, the carrier has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
-
Jet Airways Founder Naresh Goyal Agrees To Step Down As Chairman: Report
Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
-
Jet Airways Poised To Get Rs 600-Crore Emergency Loan
Etihad, Naresh Goyal and SBI have been holding talks for weeks over a rescue deal for the carrier that hasn't seen a profit for nine of the past 11 years in the face of cutthroat competition.
-
Hope Jet Airways, Etihad, Lenders Reach A "Common Plan", Says Government Official
Jet Airways, which has also defaulted on loan repayments, is looking to raise funds and is in discussions with Etihad and lenders to chart the way forward.
-
India To Set Up $4 Billion Fund To Backstop Corporate Debt Market
SBI Mutual Fund has been tasked with administrating the backstop fund, which was first proposed by the Securities and Exchange Board of India (SEBI) in 2020 after high-profile defaults rocked the domestic debt market.
-
Government Says 43 Corporate Debtors' Cases Resolved Under Bankruptcy Code
Government has said 43 large corporate debtors, each having total admitted claims of Rs 2,500 crore were resolved under IBC till December 31, 2021
-
Crisis-Hit Yes Bank's Founder Rana Kapoor Arrested For Alleged Fraud
Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...
-
IL&FS Crisis: Sebi Fines ICRA, CARE Over Debt Ratings
The country's credit rating agencies have come under pressure from authorities and investors over their failure to proactively flag financial problems at IL&FS, one of the country's biggest non-banking financial companies (NBFCs) until a subsidiary started defaulting on some of its debt last year.
-
Anil Ambani Says Group Will Pay Another $2.1 Billion Debt By March
Anil Ambani, 60, is struggling to save the remnants of his telecommunications-to-infrastructure empire from collapse. In June, Reliance Group said it repaid Rs 35,000 crore in the previous 14 months through asset disposals, excluding Reliance Communications.
-
IL&FS Seeks Tribunal Approval For Sale Of Wind Energy Arm
IL&FS had already received approval earlier last month for the sale of its wind energy business from Justice (Retired) DK Jain, appointed by the National Company Law Appellate Tribunal (NCLAT) to supervise the operation of the debt resolution process of the IL&FS group companies.
-
Dewan Housing Finance Misses Debt Payments
Two major credit ratings agencies - ICRA, an affiliate of Moody's, and Standard & Poor's local unit Crisil - earlier this month categorised DHFL's commercial paper at default levels for missing bond payments.
-
"Imminent Crisis" In Shadow Banking Sector: Corporate Affairs Secretary
In recent months, the country's financial system has been grappling with multiple woes in the wake of the turmoil at diversified IL&FS group as well as debt defaults by some other large entities.
-
Former IL&FS Managing Director Ramesh Bawa Arrested
Mr Bawa had resigned from his position in September 2018 after a series of defaults by IL&FS which sent tremors in financial markets.
-
Indian Oil Briefly Halts Fuel Supply To Beleaguered Jet Airways: Report
The Mumbai-based airline, which was until recently country's second-biggest by market share, has defaulted on several loan payments.
-
Jet Airways Pilots Defer Strike, Seek Salary Dues By April 14
Jet Airways has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after racking up more than $1 billion in debt. Once India's leading full service carrier, Jet Airways struggled to compete with low-cost carriers in recent years.
-
Jet Airways Grounds Four More Planes, Takes Total To 32
With debts of more than $1 billion, the carrier has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
-
Jet Airways Founder Naresh Goyal Agrees To Step Down As Chairman: Report
Saddled with a billion dollars in debt, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
-
Jet Airways Poised To Get Rs 600-Crore Emergency Loan
Etihad, Naresh Goyal and SBI have been holding talks for weeks over a rescue deal for the carrier that hasn't seen a profit for nine of the past 11 years in the face of cutthroat competition.
-
Hope Jet Airways, Etihad, Lenders Reach A "Common Plan", Says Government Official
Jet Airways, which has also defaulted on loan repayments, is looking to raise funds and is in discussions with Etihad and lenders to chart the way forward.
