Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
The billionaire jeweller, who has fled the country, in the letter also disagreed with the loan default amount of Rs 11,400 crore and pegged the amount his companies owe to the bank at under Rs 5,000 crore.
According to Pakistan's National Counter Terrorism Authority (NACTA) list, which was updated on Tuesday, JuD and FIF were among 70 organisations proscribed by the ministry of Interior under the Anti-Terrorism Act 1997.
The measures announced by the Treasury Department were also aimed at 17 senior Russian government officials. The state-owned Russian weapons trading company, Rosoboronexport, which has long-standing ties to Syria and its subsidiary, Russian Financial Corporation Bank were also targeted under new sanctions.
The government last month had taken over the JuD's famous Muridke Markaz and Lahore's headquarters of Masjid Al Qadsia in Chauburji.
In more trouble for Finnish mobile firm Nokia, whose immovable assets were attached in an alleged tax evasion case recently, the Income Tax department is set to issue fresh demand notices for payment of taxes to the tune of Rs 1,000 crore (Rs 10 billion).
Nokia may be allowed to sell Chennai mobile plant.
Reduction in the mandatory minimum contribution and extension to invest in the scheme from 60 years to 70 years has made the National Pension Scheme more friendly, says Anil Chopra, Group CEO & Director Bajaj Capital
Indian Army officers, serving and retired, will tell you that the one thing that makes the Indian soldier singularly unique is his josh and jazba.
'We need to see Pakistan taking concrete and sustained action to reign in the terrorist groups'
She visited her husband M Natarajan, who underwent liver and kidney transplantation at a hospital in Chennai, on all five days of her parole period.
In a separate tax case, the Supreme Court had ordered Nokia India on March 14 to give a Rs 3,500 crore or Rs 35 billion guarantee before it transfers the plant to Microsoft.
Busting a major 'front running' case in the stock market, Sebi on Friday ordered impounding of unlawful gains worth nearly Rs 15 crore (Rs 150 million) from brokerage firm Sharekhan and 15 other entities.
As India commemorates the 7th anniversary of the 2008 Mumbai attacks, UN chief Ban Ki-moon has said that perpetrators of all terror attacks must be brought to justice.
Panneerselvam's remark came a day after the two factions were squabbling and blaming each other for the delay in the talks getting off the ground.
Noting that tax evasion is not a criminal offence in Switzerland, a senior Swiss official has acknowledged differences with India on what can be made public about Indians having unaccounted money parked in Swiss banks.
In a paradigm shift in its policy against terrorism, Pakistan has included Jamaat-ud-Dawa led by the 2008 Mumbai attack mastermind Hafiz Saeed and the dreaded Haqqani network in the list of proscribed organisations after the US mounted pressure on the country.
The perpetrators of the 2008 Mumbai attack, who shot dead 166 people, had confessed to details that should have been enough to hang him, but Pakistan enjoyed his anti-India rhetoric and let him spread his tentacles. A revealing excerpt from Khaled Ahmed's Pakistan's Terror Conundrum.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
Unions will 'fight to death' if company 'decides' to shut Chennai factory.
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
'Taranjit has the ideal temperament to deal with the Americans who understand firmness and appreciate flexibility.' 'He can hold his ground with a cheerful face and still make it clear that India and the US are partners, rivals,' says Ambassador T P Sreenivasan.
China Development Bank takes Reliance Communications to NCLT over loan default
Emerging from a "consultative" meeting chaired by Chief Minister E K Palaniswami, Finance Minister D Jayakumar declared that the "unanimous" decision was taken in tune with the aspirations of the party cadres and people.
'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
Banned Pakistan spinner Danish Kaneria denied media reports that he is seeking the Board of Control for Cricket in India's help to take up his case with the International Cricket Council.
'The fact that a rural Kashmiri boy was brainwashed into killing himself and others means there is an active programme that exists which does such recruiting and there will potentially be other such individuals out there,' warns Aakar Patel.
An obscure Indian bank has been an unlikely beneficiary of Western sanctions against Iran, handling billions of dollars from frozen oil payments that boosted its interest margins, but is now having to prepare itself for life after the windfall.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
India along with major world economies is participating in the first-ever global meeting being held here to discuss and evolve mechanisms to combat the clandestine and largely undetected terrorist financing network of the Islamic State terror group.
"There has been one meeting (on this). It is a matter of setting up the governance structures. Now ball is in the court of the Indian side to finalise the governance of the setting up of the fund. We are ready for it," the UAE ambassador Dr Ahmed Al Banna said.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
While the tax holiday for the factory coming to an end might be a factor, many say the business model of Microsoft (which acquired Nokia's handset division last year), as well as freebies offered by the Vietnamese government, might also have played a role.
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The Telangana Group of Ministers on Friday reviewed the progress made by the Andhra Pradesh government with regards to the bifurcation of the state on various fronts.
A second vote will be held on Wednesday, on measures including justice and banking reforms, when a similar outcome is expected.
China's malfunctioning stock markets remained semi-frozen.
By undertaking medical mercy missions, the Indian Air Force will win immense political and national goodwill.
