Defaulting On Loans
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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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For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
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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 4,044 Crore Loans
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount.
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Jaypee Group's Flagship Firm Defaults On Rs 4,161 Crore Loans On March 31
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,161 crore, including principal and interest amount.
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RBI's Proposal To Regulate Bank Penal Charges Could Dent Revenues: Report
The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues going forward, Morgan Stanley said.
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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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Ghana To Default On Debt As Balance Of Payments Crisis Worsens
Its finance ministry said it will not service debts including its Eurobonds, commercial loans and most bilateral loans, calling the decision an "interim emergency measure", while some bondholders criticised a lack of clarity in the decision.
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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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Future Enterprises Defaults On Non Convertible Debentures' Interest Payment
Debt-ridden Future Enterprises Ltd has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures
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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.
-
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.
-
For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details
The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
-
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 4,044 Crore Loans
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore, including principal and interest amount.
-
Jaypee Group's Flagship Firm Defaults On Rs 4,161 Crore Loans On March 31
Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,161 crore, including principal and interest amount.
-
RBI's Proposal To Regulate Bank Penal Charges Could Dent Revenues: Report
The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues going forward, Morgan Stanley said.
-
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.
-
Ghana To Default On Debt As Balance Of Payments Crisis Worsens
Its finance ministry said it will not service debts including its Eurobonds, commercial loans and most bilateral loans, calling the decision an "interim emergency measure", while some bondholders criticised a lack of clarity in the decision.
-
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.
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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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Future Enterprises Defaults On Non Convertible Debentures' Interest Payment
Debt-ridden Future Enterprises Ltd has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures
