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About 86 results for "ailing kingfisher airlines"

Vijay Mallya offers to repay $603 mln of defunct airline loans

Vijay Mallya offers to repay $603 mln of defunct airline loans

NEW DELHI (Reuters) - Embattled tycoon Vijay Mallya has proposed to repay 40 billion rupees ($603 million), less than half of what his defunct Kingfisher Airlines owes to creditor banks who have approached the nation's highest court to recover their dues. Sify, 2 months ago

60K backlog cases dampen bankruptcy overhaul hopes

India has a brand new law at its disposal to help clean up $131 billion of impaired debt and avert a crisis at its banks. Implementation challenges are so daunting that the full benefits may be years away. The law passed by the Parliament this month calls for ...
 The Financial Chronicle1 day ago With 60,000-Case Backlog, India Bankruptcy Overhaul Faces Delays  Yahoo! Finance UK and Ireland2 days ago

Govt's bankruptcy law overhaul hindered by backlog of 60,000 cases

The Debt Recovery Tribunals, which had 62,000 cases pending as of December 2014, has a disposal rate of about 10,000 cases per year India has a brand new law at its disposal to help clean up $131 billion of impaired debt and avert a crisis at its ...
 Livemint.com1 day ago Backlog of 60,000 Cases Damps Hope for India Bankruptcy Overhaul  Bloomberg1 day ago
International Business Times India

Time ripe to merge state-run banks, says Banks Board Bureau chief

The Banks Board Bureau, which has been set up with the purpose of developing business strategies, assisting banks in raising capital and appointing heads of state-run banks, has proposed merger of strong banks and acquisition of weaker ones after ...
 International Business Times India1 week ago
Hindustan Times

India to take on defaulters as parliament approves bankruptcy bill

| Asian Legal Business India's upper house of parliament passed a new bankruptcy code, as the opposition swung behind measures to take tougher action against corporate defaulters and help banks recover over $120 billion in troubled loans.
 Asia Legal Business2 weeks ago How the Bankruptcy Bill will help tackle defaulters like Mallya  Hindustan Times2 weeks ago Government to take on defaulters as Rajya Sabha approves bankruptcy bill  ZeeNews.com2 weeks ago India to take on defaulters as bankruptcy bill approved  Reuters India2 weeks ago
Reuters India

Lok Sabha backs bankruptcy code, key to debt clean-up

The Lok Sabha on Thursday passed a bankruptcy code, aimed to enable failed businesses to wind up faster, aid quicker dispute resolution, and hasten debt recovery by banks that have been snowed under bad loans worth over Rs 4 lakh crore. The ...
 Hindustan Times3 weeks ago India banks hit by bad debt back bankruptcy code  Oman Tribune4 weeks ago India bankruptcy code may get approval soon  Gulf Times4 weeks ago Bankruptcy code: no cause for celebrations yet By Manoj Kumar  Reuters India4 weeks ago
Reuters India

Mallya's malaise and what it means for Force India

3:59 PM GMT Using the Alanis Morrisette definition of the word, it's a little bit ironic that Vijay Mallya's current legal difficulties in India -- all linked to loans used to shore up ailing businesses -- are preventing the former 'King of Good ... weeks ago India threatens to cancel passport of tycoon Mallya  Financial Express Bangladesh1 month ago UPDATE 1-India threatens to revoke passport of embattled tycoon Mallya  Reuters UK1 month ago India threatens to revoke passport of Mallya  Reuters India1 month ago

India's new bankruptcy code offers no quick fix for economy

Bill could soon win parliamentary approval but cleaning up country's debt mess would take years, experts caution New Delhi: A long-awaited Indian bankruptcy code may soon win parliamentary approval, but struggling creditors — above all state ...
 Gulf News4 weeks ago India's new bankruptcy code a long-term game  Gulf News4 weeks ago

Why Getting Parliament To Ok New Bankruptcy Law Is Essential: 10 Points

Parliament may soon clear a new law to deal with bankruptcy. Here is your 10-point cheat-sheet to this major proposal: For Prime Minister Narendra Modi's drive to "Make in India", encouraging new investment depends on unburdening creditors of ...
 NDTV4 weeks ago

Loan default: Mallya files affidavit in SC

New Delhi, Apr 21: Embattled liquor baron and businessman, Vijay Mallya, today filed an affidavit in the Supreme Court in connection with his loan default case, one of his lawyers said. Yes, We have filed an affidavit in the Supreme Court in the ...
 Newshence.com1 month ago SC refuses Mallya's Rs 4000 cr offer  Newshence.com1 month ago Mallya case: clamour growing for wilful default to be made criminal offence  catchnews.com2 months ago
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