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Total 61 results found. Search for [ DHFL bankruptcy ]

Results 1 to 21 of 61
PTI
October 26, 2020
Earlier this month, Dewan Housing Finance Corporation Ltd (DHFL) had received four bids for either picking up stake in the company or buying out assets


PTI
October 18, 2020
In November last year, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings


BusinessToday.In
October 5, 2020
The key findings of the report by Grant Thornton allude to hundreds of fictitious loan accounts, demand for recoveries amounting to Rs 14,046 crore, and deposits routed through an imaginary entity in Bandra


PTI
September 3, 2020
The observations from a two-member NCLAT bench came as it upheld an order of the National Company Law Tribunal


PTI
September 3, 2020
As per the report prepared by the transaction auditor, the concerned transactions occurred during financial years 2006-2007 to 2018-19, DHFL said in a regulatory filing


Prasanna Mohanty
August 12, 2020
That shadow banking was at the core of the financial sector meltdown that led to the Great Recession of 2007-08 is well documented and so is the fact that it remains big and powerful enough to cause serious financial crisis and yet, India and the US continue to promote it


Prasanna Mohanty
August 11, 2020
RBI has warned that economic disruptions may intensify systemic risks to India's financial sector primarily because NBFCs remain vulnerable with their deteriorating asset quality and reluctance of the market to lend them money. On the global front, there is little to cheer about shadow banking


Prasanna Mohanty
August 5, 2020
India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit


Prasanna Mohanty
July 29, 2020
Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations


BusinessToday.In
July 10, 2020
PNB share price fell up to 6.74% to Rs 34.6 against previous close of Rs 37.10 on BSE. The large cap stock has lost 6.31% in two days


BusinessToday.In
New Delhi, July 10, 2020
PNB reports over Rs 3600 crore loans to DHFL as fraudPunjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion rupees ($491 million) to India's central bank as \"fraud.\" Indian state-owned lender PNB, which was hit by a $2 billion fraud involving billionaire Nirav Modi in 2018, had already set aside 12.5 billion rupees in provisions for the loans to DHFL, which is in bankruptcy proceedings.Uttar Pradesh govt imposes corona...


Reuters
July 10, 2020
Indian state-owned lender PNB, which was hit by a $2 billion fraud involving billionaire Nirav Modi in 2018, had already set aside 12.5 billion rupees in provisions for the loans to DHFL, which is in bankruptcy proceedings


PTI
July 5, 2020
The company is currently under moratorium under the Code (IBC) since November 29, 2019 and hence, it is not in a position to make payment of interest or principal to any of the lenders of the company, including the NCDs holders


BusinessToday.In
April 23, 2020
Corona in India update: Samshi Talab in Mehrauli including A-3 Lake view apartment, Gali number 1 band of Raj Nagar 2 in Dwarka, and house number 15 to 101 in Dayanand Vihar are the latest additions to the list of hotspots in Delhi; Maharashtra now has 6,427 COVID-19 cases


PTI
April 10, 2020
Judge Briggs had reserved his judgment after hearing arguments from both sides in December last year over the loans to Mallya's now-defunct Kingfisher Airlines


Prasanna Mohanty
March 27, 2020
Shell companies are intrinsic to the global and Indian economy, but they require a high level of oversight to prevent them from becoming conduits for illicit financial flows


BusinessToday.In
New Delhi, February 28, 2020
The issue would be taken up at the central board of trustees (CBT) meeting of the EPFO on March 5. The Finance Investment and Audit Committee (FIAC) would take the final call before the CBT meeting 


BusinessToday.In
New Delhi, January 10, 2020
The deal has been done via Navi Technologies, formerly known as BAC Acquisitions which Sachin Bansal had founded along with IIT-Delhi batchmate Ankit Agarwal after selling his stake in Flipkart


Anand Adhikari
New Delhi, January 8, 2020
The total debt obligation of the company stands at Rs 11,891 crore as of December 2019. The debentures - listed and unlisted - constitute 60 per cent of the total debt of the company


PTI
New Delhi, January 5, 2020
Among the financial creditors, the country's largest lender, State Bank of India, including SBI Singapore, submitted the highest claim of Rs 10,082.90 crore


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