Defaulters News
State-owned MTNL defaults on ₹8,346 crore bank loans from seven PSU banks
Telecom provider MTNL disclosed on April 19 that the firm had defaulted on ₹8,346 crore in bank loan payments to seven PSU banks. The State-owned firm owes ₹33,568 crore in total dues to the bank, SG Bonds and the DoT.
2 min read20 Apr 2025Regulatory action against Nidhis, non-disclosure of beneficial ownership jump
Registrars of Companies across the country issued as many as 131 adjudication orders, mostly imposing penalties for the alleged breaches, against Nidhi companies in calendar year 2024, about 72% more than last year's 76 notices.
5 min read16 Dec 2024RBI asks banks and other lenders to hunt down wilful defaulters
A borrower will be classified as a wilful defaulter if they default on a loan despite having the capacity to repay. RBI has asked banks to check all bad loans of ₹25 lakh and above for signs of wilful default. Total outstanding wilful default as of 31 March stood at ₹3.6 trillion.
3 min read30 Jul 2024Regulatory action against Nidhis, non-disclosure of beneficial ownership jump
Registrars of Companies across the country issued as many as 131 adjudication orders, mostly imposing penalties for the alleged breaches, against Nidhi companies in calendar year 2024, about 72% more than last year's 76 notices.
5 min read16 Dec 2024