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Sunday, September 28, 2025
TopicDefaulters

Topic: defaulters

Penal action against wilful defaulters will continue even if they enter into deals with lenders, RBI clarifies

In FAQ document, RBI says its new guidelines won't stop penal proceedings against wilful defaulters & that recoveries will continue even if loans are technically written off.

From private jets & starry parties to hiding in Nigeria: The giant fall of the Sandesaras

Chetan and Nitin Sandesara of the Vadodara-based Sandesara Group are accused of defaulting on loans of over Rs 5,000 crore

IL&FS seeks insolvency cover to avoid bankruptcy amid string of defaults

IL&FS has missed more than 5 debt payments since August and is trying to settle the matter with creditors outside the insolvency courts.

Crisis-hit IL&FS plans Rs 300 billion asset sales to raise funds

Defaulter IL&FS plans to sell 25 assets and has received investor interest for 14 of them.

RBI delays bonuses of top private bankers amid reports of frauds

India’s private banks have had a tough time over the past year, plagued by revelations of hidden bad loans and alleged lapses in corporate governance.

On Camera

Ultraviolette is small in sales, big in ambition. Tech sets this electric motorcycle apart

Within 48 hours of bookings opening for Ultraviolette’s X-47 Crossover, reservations had crossed the 3,000 mark. Nothing quite explains the hype around Ultraviolette.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

With MiG-21’s exit, India’s squadron strength hits 6-decade low. What are IAF’s plans for the Tejas

While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.