E-PaperLoan Defaulters News
Loan defaulters have no right to lawyer’s aid in in-house proceedings: SC
It said that the question whether a default was "intentional, deliberate, and calculated" was the question of factThe apex court allowed the appeal of State Bank of India against the Delhi High Court order
2 min read12 May 2019Govt panel suggests amending Passport Act to prevent borrowers from fleeing country
If suggestions are accepted, it will be a step towards ensuring large borrowers are held accountable for defaulting loans
2 min read7 Aug 2018ICICI Bank used term loans, LCs to help loan defaulters
The latest whistleblower complaint alleges that the Chanda Kochhar-led ICICI Bank aided related entities to pre-empt provisioning against NPAs
4 min read28 Jun 2018Dues of Punjab National Bank’s big wilful defaulters rise to Rs15,490 crore
The major PNB loan defaulters include Kudos Chemie Rs1,301.82 crore; Kingfisher Airlines Rs597.44 crore; BBF Industries Rs100.99 crore; ICSA (India) Rs134.76 crore; Arvind Remedies Rs158.16 crore and Indu Projects Rs102.83 crore
2 min read17 Jun 2018SBI to auction 12 NPA accounts on 25 June to recover dues of over Rs1,325 crore
The NPA accounts to be auctioned by the SBI include Ankit Metal & Power (Rs690 crore), Modern Steels (Rs122.61 crore), Good Health Agrotech (Rs109 crore), Amit Cottons (Rs84.70 crore), and Ind-Swift (Rs80.49 crore)
1 min read10 Jun 2018Banks to liquidate insolvent assets if bid prices are low, says Rajnish Kumar
Lenders won't hesitate to push insolvent firms into liquidation if potential buyers try to suppress prices under India's bankruptcy process, says SBI chairman Rajnish Kumar
1 min read7 May 2018President Kovind approves fugitive economic offenders ordinance
The Ordinance seeks to confiscate properties of economic offenders like diamond merchant Nirav Modi, who have left the country to avoid facing criminal prosecution
1 min read23 Apr 2018Govt said to mull easing bankruptcy deadline as lawsuits mount
A panel set up to recommend ways to ease implementation of the bankruptcy law is proposing that timeline be eased on a case-by-case basis at discretion of NCLT
1 min read22 Mar 2018Fleeing billionaires push India to ring-fence alleged defaulters
Weeks after the PNB fraud investigation began, lawmakers, bureaucrats and court officials begin drafting tighter rules to prevent citizens fleeing abroad with unpaid dues
3 min read21 Mar 2018Sebi may give fresh push to loan default disclosure by listed firms
Sebi may give a fresh push to its 'on-hold' proposal to mandate listed firms to disclose all loan defaults within a day
1 min read18 Feb 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared