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United Bank Of India First Bank To Declare KFA And Vijay Mallya As Wilful Defaulter

There are serious repercussions of a company being declared a wilful defaulter which include restri…

Economic Times   


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Mallya To Explore Legal Option Against ‘Wilful Defaulter’ Tag

United Bank of India is the first PSU bank to declare Mallya ‘wilful defaulter.’

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Kingfisher Airlines Gets Relief From Calcutta High Court Against Wilful Defaulter Tag

“We had earlier stated that we would legally challenge the wrongful decision of United Bank of In…

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SBI's Rs 11,700 crore locked as NPAs with 1164 wilful defaulters

These 1,164 cases of wilful default have been identified, and the total outstanding loan amount com…

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Declaring ‘Wilful Defaulter’ By Banks Unconstitutional: Gujarat High Court

The judgment noted, "The RBI circular is required to have the phrase ‘in public interest’ or ‘in in…

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SBI Sends Letter to Kingfisher Airlines, May declare Vijay Mallya As A Wilful Defaulter Soon

Very recently United Bank of India (UBI) declared the defunct airline and Mallya as wilful defaulte…

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PNB not the only bank to declare me a defaulter, will do what I have to do: Mallya

The man who is known for his flamboyance and hosting lavish parties even when his companies have be…

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Increasing Troubles for Vijay Mallya: After UBI, IDBI To Declare Him As Wilful Defaulter

“Last week, IDBI too had sent a letter to the management regarding their outstanding debts. Vijay M…

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India takes its first big step towards avoiding future Nirav Modi, Vijay Mallya-like scams

The Fugitive Economic Offenders Bill, which was discussed and approved in the Lok Sabha on July …

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Indian government doesn't want anything to do with cryptocurrencies but is open to blockchain technology

In another reply, Karad said the gross NPAs reported by public and private sector ba…

PTI   


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Vijay Mallya Resigns From The Board Of Mangalore Chemical Fertilisers

“Mallya, a director on the board of directors of the company, has resigned with immediate effect,” …

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SBI wants Vijay Mallya arrested

Not only an arrest, SBI also wants his passport to be impounded and a complete disclosure of his pe…

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₹10 lakh crore - that's how much banks wrote off in the last 5 years

A recent Parliament reply disclosed that scheduled commercial banks have written off loans worth ab…

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Over Rs 68,600 cr loans of wilful defaulters, including Choksi, Mallya firms, written off: RBI in RTI reply

Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically wr…

PTI