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Total 188 results found. Search for [ wilful defaulter ]

Results 1 to 21 of 188
Niti Kiran
February 23, 2021
Over the past three years, Heranba's revenue grew at a CAGR of 13.3 per cent to Rs 951 crore in FY20 while its EBITDA and net profits grew at much faster pace of 21.4 per cent and 44.4 per cent, respectively, during the period


BusinessToday.In
December 19, 2020
Canara Bank said in a statement that out of Rs 7,926.01 crore fraud amount the amount of lending made by all the 14 consortium members was Rs.4765.70 Crore noting that the remaining amount was lent under multiple banking arrangement


BusinessToday.In
October 14, 2020
On October 6, ED arrested Anil Khandelwal, CFO of Cox and Kings Group, and Naresh Jain, internal auditor, under Prevention of Money Laundering Act in YES Bank loan fraud case


Nevin John
New Delhi, July 22, 2020
India Inc. and its lenders are in a legal crisis. Pre-empting a financial meltdown due to the Covid-19 lockdown, the Centre has suspended the Insolvency and Bankruptcy Code for a year


BusinessToday.In
July 19, 2020
Economic fugitives Mehul Choksi's Gitanjali Gems and Jatin Mehta's Winsome Diamonds are among the top 10 defaulters which also includes ABG Shipyards, Rei Agro and Ruchi Soya


Anand Adhikari
Mumbai, December 20, 2019
These are cases where SBI suspects borrowers have not paid up despite having money, have diverted bank funds for purposes other than stated initially, have siphoned off funds, or have disposed of charged assets bought from the bank funds


PTI
New Delhi, November 3, 2019
Hanung Toys and Textile Ltd owes Rs 2,300 crore from a consortium of 15 lenders led by PNB, which alone has exposure of Rs 599 crore


BusinessToday.In
New Delhi, October 12, 2019
Punjab & Sind Bank had asked Choksi to repay the loan amount along with interest and other costs. As he failed to comply, the bank had declared him a wilful defaulter on September 17, 2019


Anand Adhikari
New Delhi, July 22, 2019
The shortage of funds is threatening key sectors of the economy. What the government needs to do to fix it


Rahul Shrivastava
New Delhi, July 16, 2019
As part of preventive measures, banks and other financial institutions can't sanction additional loan facilities to wilful defaulters and they are barred from floating any new venture for five years


BusinessToday.In
July 10, 2019
Minister of State for Finance & Corporate Affairs Anurag Singh Thakur also informed the Lok Sabha that gross non-productive assets (NPAs) of the state-owned banks have reduced by Rs 1.06 lakh crore over the last financial year


BusinessToday.In
New Delhi, June 17, 2019
UCO Bank has been reporting losses for 14 quarters now and its gross NPA is at Rs 29,888 crore or 25 per cent. Its list of wilful defaulters also includes Mehul Choksi.


BusinessToday.In
New Delhi, June 12, 2019
Kingfisher boss Vijay Mallya also features in the list. He owes Rs 597.4 crore to the bank on the defunct airline's account.


Reuters
June 6, 2019
Monsoon rains usually arrive on the southern tip of Kerala state around June 1 and retreat from Rajasthan by September


Reuters
New Delhi, June 5, 2019
This was Crisil's fifth rating cut on DHFL's paper this year and ICRA's fourth, highlighting the problems in shadow banking sector that has struggled since a series of defaults at Infrastructure Leasing and Financial Service Ltd last year


Nevin John
New Delhi, June 5, 2019
Page Industries' profit declined 20.4 per cent to Rs 74.98 crore in Q4FY19, when the revenue slipped to Rs 607.86 crore


BusinessToday.In
New Delhi, June 5, 2019
Vijay Goverdhandas Kalantri and his son Vishal Kalantri, a director of the Dighi Port, owe nearly Rs 3,334 crore to a consortium of 16 Indian banks led by Bank of India


BusinessToday.In
May 13, 2019
The engineering behemoth missed its May 7 deadline to issue its letter of offer to Mindtree shareholders, reportedly due to late queries posed by the markets regulator to which it could only respond on May 10. The open offer is still awaiting SEBI's green light.


Dipak Mondal
April 10, 2019
Despite its flaws and constraints, the insolvency law has given the desired results in the short run and it looks promising in the long term.


BusinessToday.In
New Delhi, April 2, 2019
The stringent new framework for resolution of stressed assets outlined in the RBI's Feb 12 circular were criticised in various quarters, including by a parliamentary committee.


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