The debate is largely due to a confusion between compromise settlement and restructuring facilities offered to wilful defaulters. The RBI's 2019 circular had prohibited restructuring of wilful ...
Total amount owed by wilful defaulters is more than Rs 3 lakh crore. 4,394 new wilful defaulters have been added in last 5 years. Why is Modi Government shying in naming and shaming them." ...
The Reserve Bank of India’s final rules on treatment of wilful and large defaulters will require banks to examine the ‘wilful default’ aspect in all non-performing assets accounts with ...
The Bombay High Court provided relief to tax lawyer Anil Harish by imposing a stay on Canara Bank's actions regarding his inclusion in the Credit Information Bureau's wilful defaulters ...
The National Company Law Appellate Tribunal (NCLAT) has set aside hospitality major EIH Ltd's petition against an NCLT order ...
Most legal experts were of the view that banks have been abusing their power to declare a borrower 'wilful defaulter’ even before a court’s judgment.
In a letter to the Bombay Stock Exchange (BSE), Kingfisher Airlines has said that it was wrongfully declared as wilful defaulter by state-run United Bank of India (UBI). The beleaguered carrier ...