Oct 31, 2014 at 16:14 | Source: PTI
The source said the letter sought to explain the reasons behind identifying the two firms as `wilful defaulters', adding that time had been given to them for giving reply on why they should not be declared as `wilful defaulters' as per RBI guidelines.
Oct 29, 2014 at 12:04 | Source: CNBC-TV18
Discussing the latest developments, Deepak Narang, ED, United Bank of India, said the bank had given money to Airbus on behalf of Kingfisher and its unethical of them (Airbus) not to deliver post taking money.
Oct 02, 2014 at 11:19 | Source: Moneycontrol.com
Kingfisher Airlines has informed regarding a press release dated September 27, 2014 titled
Oct 01, 2014 at 14:17 | Source: CNBC-TV18
The Delhi HC had earlier set aside PNB's show-cause notice to KFA. The bank had sought a reply to why Kingfisher Airlines should not be declared a willful defaulter.
Sep 30, 2014 at 22:07 | Source: CNBC-TV18
There was, however, a call from proxy shareholder advisory firms to remove Mallya, which was ignored. His son Siddharth Mallya too was re-appointed as Director of UBHL.
Sep 30, 2014 at 15:54 | Source: PTI
According to the current definition, a wilful defaulter is somebody who has essentially not used the fund for the purpose it has been borrowed or when he has not repaid when he can do so; when he has siphoned off the funds or when he disposed of the assets pledged for availing of loan without the bank's knowledge.
Sep 27, 2014 at 17:37 | Source: Moneycontrol.com
KFA and its erstwhile directors had filed a writ in Calcutta HC against UBI and others, challenging the constitutional validity of the RBI master circular on wilful defaulters as well as the ex-parte decision of UBIs grievance redressal committee.
Sep 24, 2014 at 08:21 | Source: CNBC-TV18
Thermax | Manappuram Finance | Sagar Cements | Bajaj Electricals | JSW Energy | HMT | Godrej Consumer Products | Hindalco Industries | HCC | Piramal Enterprises | Financial Technologies and Oracle Financial Services are stocks, which are in the news today.
Sep 19, 2014 at 18:05 | Source: PTI
Kingfisher Airlines and directors declared as wilful defaulters would not be able to borrow from banks in the future. They would also lose director-level positions in companies and criminal proceeding could be initiated against them, if warranted, to recover the money.
Sep 18, 2014 at 16:31 | Source: PTI
Apart from Kingfisher Airlines and UB Engineering, BSE will shift another 25 companies including Arihants Securities, Birla Pacific Medspa, Pretto Leather Industries and Best & Crompton Engineering to the restricted trade category.