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Sebi exempts Heineken International from open offer obligation in UBL caseAs per the application, the acquirer or Heineken International is presently evaluating the acquisition of a maximum of 3,96,44,346 equity s...
Vijay Mallya fails to convince UK court to dismiss Indian banks' attempt to recover duesThe funds in the account will meanwhile remain frozen as part of the worldwide freezing order in favour of the Indian banks last year.
SBI denies any laxity on its part in dealing with fugitive Vijay Mallya caseAllegedly SBI did not approach Supreme Court in time to prevent Mallya from fleeing the country.
Still a long wait for banks to get Airbus refundCorporation Bank, OBC and UBI may be sensing victory against Airbus as a debt recovery tribunal has directed the aircraft maker to deposit ...
Corp Bank, OBC, UBI still at a distance to get refund from AirbusIf the banks get the refund within December 31, it would boost their third quarter earnings.
Short-staffed tribunal further delays verdict on Airbus-banks caseThe loan was sanctioned to Kingfisher for purchasing aircraft but part of the order was subsequently cancelled when Kingfisher was grounded...
Short staffed DRAT delays verdict on banks-Airbus caseThe case is pending at Chennai DRAT for more than two years and senior bank officials said that no hearing took place at the successive sch...
UBHL seeks a month's time to file results due cases against Vijay MallyaUnited Breweries said it is being "hindered from complying with requirements" of submitting its audited standalone results for 2015-16 by M...
KFA lenders seek fast legal action to recover Rs 350 crore from AirbusTotal due from Airbus could be around Rs 350 crore including the accrued interest on the principal amount, sources in United Bank of India ...
Contempt petition filed only against Vijay Mallya, bank consortium counselA consortium of 17 banks, which had collectively lent over Rs 7,000 crore to the crisis-ridden airline, have initiated recovery proceedings.
Lenders, tax sleuths vie for first right of recovery from Vijay MallyaThe revenue department, a couple of months ago, claimed the first right to recover dues by attaching the Kingfisher House in Mumbai.
Service tax department claims the first right to recover dues from Kingfisher AirlinesLenders to Kingfisher Airlines are likely to face a hurdle from an unexpected quarter in their bid to recover loans from the grounded carri...
Calcutta High Court's 'No' to Vijay Mallya's plea gives loan recovery a pushKingfisher Airline has Rs 350 crore to pay to UBI while its total banking exposure is more than Rs 6,400 crore. Bankers are hopeful this ru...
Indian satellite INSAT-3D all set for launch early tomorrow"INSAT-3D is essentially for meteorological applications, Chairman of Indian Space research Organisation K Radhakrishnan said.
Banks led by SBI move to attach Kingfisher Airlines assets, recover duesBanks have asked Srei Infra to sell the shares by July–end and recover its due of Rs 429 cr and give the remaining shares to the consortium...
- MCA may opt for strategic sale of Maytas Infra
Corporate affairs minister Salman Khursheed said the govt will consider a strategic sale of the firm if the board makes a recommendation. F...
- Now, HSL sues HDFC Bank over derivatives losses
Bangalore-based silk goods exporter HSL has filed a case against HDFC Bank in the city civil court.