WILFUL DEFAULTER
FM refutes Rahul Gandhi's allegations on 'wilful defaulters and bad loans', tweets 'facts taken out of context'
Finance Minister Nirmala Sitharaman on Tuesday rebutted Congress leaders Rahul Gandhi and Randeep Singh Surjewala's allegations regarding "wilful defaulters, bad loans and write-offs", and stated that they have "attempted to mislead people...
RBI challenges CIC notice on wilful bank defaulters
RBI has filed two writ petitions in the Bombay High Court challenging the order by Information Commissioner M Sridhar Acharyulu, directing RBI governor to disclose the list of wilful defaulters of bank loans. The Central Information Commission had issued the notice on November 2 and had given the R...
PSU bank heads can block wilful defaulters' exit from India now
To check wilful defaulters and fraudsters from fleeing the country, the government has now authorised CEOs of public sector banks (PSBs) to make request for issuance of look-out circulars (LOCs) against suspects. The move comes against the backdrop of defaults by Vijay Mallya, Nirav Mod...
RBI governor gets CIC notice over non-disclosure of wilful defaulters’ list
Central Information Commissioner (CIC) M Sridhar Acharyulu on Monday asserted that the Supreme Court has already rejected the Reserve Bank of India's (RBI) objections against releasing the names of wilful defaulters, due to which the RBI is duty-bound to reply to the Right t...
Watch: Vijay Mallya loses $1.55 bn assets case in UK court
Embattled liquor tycoon Vijay Mallya, undergoing an extradition trial in a UK court over fraud and money laundering charges by Indian authorities, on Tuesday lost a lawsuit filed by 13 Indian banks in the UK High Court seeking to collect from him more than USD 1.55 billion. Judge Andrew Hens...
Watch: Cabinet approves 'some changes' to insolvency and bankruptcy code
India's cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code, the finance minister said, changes that are designed to prevent wilful defaulters from bidding for stressed assets.Watch: Cabinet approves 'some changes' to insolvency and bankruptcy code
Vijay Mallya arrested in London
Embattled business mogul and loan defaulter Vijay Mallya was arrested by Scotland Yard in London and is likely to be extradited to India.Vijay Mallya arrested in London
Vijay Mallya arrested in London
Embattled business mogul and loan defaulter Vijay Mallya was arrested by Scotland Yard in London and is likely to be extradited to India.Vijay Mallya arrested in London
Watch: ET Newswrap @ 7pm
Watch the video for the latest updates and developments in and around the business world with ET Now.Watch: ET Newswrap @ 7pm
PM Narendra Modi warns wilful defaulters
In an exclusive interview with Times Now, Prime Minister Narendra Modi said that he will show wilful defaulters what the law is.PM Narendra Modi warns wilful defaulters
SEBI issues new regulations for wilful defaulters
Markets regulator SEBI decided to bar ‘wilful loan defaulters’ from raising public funds through stocks and bonds as also from taking board positions at listed companies — a move that would disqualify beleaguered Vijay Mallya from various posts.SEBI issues new regulations for wilful defaulters
Arrest, detain wilful defaulters, Income Tax department tells officers
Challenged by increasing cases of defaulters who smartly evade paying due taxes, the Income Tax department has asked its officers not to shy away from invoking the rare provisions of arrest, detention and auctioning of attached assets of the accused.Arrest, detain wilful defaulte
Pay dues or face coercive action: FM to Mallya
In a stern warning to wilful defaulters like Vijay Mallya, finance minister Arun Jaitley said they should settle their dues honourably with the banks or else be ready to face "coercive action" by lenders and investigative agencies.Pay dues or face coercive action: FM to Mallya
Mallya's plea against wilful defaulter tag refused by Delhi HC
The Delhi High Court refused to hear Vijay Mallya's plea against State Bank of India's decision to name him a "wilful defaulter" and said he can approach an appropriate forum.Mallya's plea against wilful defaulter tag refused by Delhi HC
PNB declared UB Holdings wilful defaulter; Mallya unfazed
United Breweries Holdings said state-owned Punjab National Bank (PNB) has declared it a "wilful defaulter", days after its flamboyant chairman Vijay Mallya bought a cricket team in the Caribbean Premier League.PNB declared UB Holdings wilful defaulter; Mallya unfazed
Wilful default: RBI issues clarifications
In a move to widen the ambit of wilful defaulters, the central bank Reserve Bank of India issued clarifications that will allow a bank to include a defaulting company's key executives as willful defaulters.Wilful default: RBI issues clarifications
RBI Guv hits out at wilful defaulters
RBI Governor Raghuram Rajan has hit out at wilful defaulters. Lashing out Rajan said that large borrowers are main culprits in loan defaulters. Rajan also hinted at tougher norms in consideration.RBI Guv hits out at wilful defaulters
Lenders may declare KFA wilful defaulter
The noose seems to be is tightening around Vijay Mallya and Kingfisher Airlines. According to sources close to the development, the consortium of lenders led by State Bank of India is now considering declaring Kingfisher Airlines a wilful defaulter. Sources say the consortium has appointed Ernst & Young t
Sebi cracks whip, proposes restrictions on 'wilful defaulters'
To sternly deal with wilful defaulters, market regulator Sebi has proposed barring such entities from raising funds from the capital markets. Companies that have wilful defaulters as directors will also be banned, says a discussion paper floated by Sebi. The proposed debarment from raisi
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