Dues from big wilful defaulters of PNB fell by 0.87 per cent to Rs 153.54 billion on June 30 compared to previous month, the bank data has shown.
Liquor baron Vijay Mallya’s troubles with the Indian investigative agencies took a turn for the worst when a UK High Court judge issued an enforcement order.
After at least four aborted attempts since March 2016, the service tax authorities managed to get a buyer for the confiscated luxury jet of the runway businessman Mallya.
A special PMLA court here summoned Vijay Mallya to appear before it on August 27.
The BJP on Wednesday said Vijay Mallya has had no change of heart and he was not willing to clear his loans as the law was catching up with the fugitive liquor baron.
MJ Akbar said if fugitive liquor baron Vijay Mallya wanted to repay his bank dues, he had many years to do so.
Vijay Mallya, who is wanted in India over loan default, said he has become the "Poster Boy" of bank default and a lightning rod of public anger.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
The Enforcement Directorate (ED) today filed a fresh charge sheet against embattled liquor baron Vijay Mallya.
Nirav Modi, has fled to the UK, where he is claiming political asylum, the Financial Times reported, citing Indian and British officials.
Aircel moves SC to make Airtel clear dues
Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf
Bank guarantees have lapsed and Aircel wants Airtel to pay the money
Alleged that Airtel is trying to usurp the sum
Aircel says without the money it may get liquidated
Bain joins KKR in race for Max Healthcare stake
PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn
To decide on buy back of shares on Aug. 20
JET AIRWAYS CLARIFIES
Co planning $400 Mn stake sale is speculative in nature
Jet Auditor BSR may quit if issues are not resolved is factually incorrect
Have been pro-actively working on multiple revenue enhancements
Evaluating various funding options to meet liquidity requirements on priority
Relationship with Etihad Airways very strong
No delays in discharging any loan obligations to any of the lenders
Default status in tabular statement only due to technical errors, rectified now
Clarifies that reports of stake sale are purely speculative
Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect
Seeks lenders help in bid to avoid default
Airline wants waiver of loan covenant on existing debt facility of $185mn
Co has to repay or refinance at least $500mn of existing debt to avoid default
Told lenders it won’t be able to meet min $50mn profit condition for FY19
Consortium of lenders yet to decide on Jet’s request
Airline’s total debt was Rs 9430 Cr as on 31st March 18
NSE TO JET AIRWAYS
Have noticed a difference in your responses dated August 9 & 10
Clarify whether mgmt extension from audit committee as per Aug 10 response
Or did Audit Committee not recommend results to board as per Aug 9 response?
In Aug 10 response, details of "Certain Matters Not Closed" not provided
Provide exact reasons for which audit committee has not approved results
Again ask you to give us date when board meet to consider results will be held