In a relief to liquor baron Vijay Mallya, the high court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover a loan of around 1.145 billion pounds from him. Justice Michael Briggs of the insolvency division of the high court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka high court be determined, allowing him time to repay his debts to the banks in full.
Jet Airways' engineers, pilots and senior management have not been paid for January and February, besides 87.5 per cent of their December salary is also due.
The airline is sitting on a debt pile of over Rs 8,200 crore and has defaulted thrice since January, including on some forex debt.
Jet Airways HQ owner wants resolution professional to vacate premises. The licence for occupying the place has been terminated, on account of the airline having not paid the rent after March.
A bench headed by Justice D Y Chandrachud on Friday gave reasons for granting relief to the TV anchor and two others in the case.
Hind Industries Ltd annulled forfeiture of 300 equity shares, which were earlier forfeited by the company due to non-payment of allotment/call monies.
DGCA has told the airline that only "air worthy" aircraft, which are completely fit for flying, should be used in operations.
Ind Swift Laboratories Ltd re-issued 1,75,900 shares, which were earlier forfeited by the company due to non-payment of allotment/call money.
'The announcement has come too late. This should have been done years ago.'
Despite the gains from Jet's closure, in 2018 and 2019, the airline continued to make losses in many quarters for a variety of reasons, including some mistakes like taking on Jet's aircraft, which were not in great shape and had business class configuration, a gamble that did not work for SpiceJet.
Hockey India on Monday sought to strike a conciliatory note with its revolting players, saying that the demands put forth by Rajpal Singh and his men were "fair enough" and a compromise would be thrashed out soon.
The authorities running the convent school in Chandigarh, which allegedly expelled Ruchika Girhotra after the molestation incident, on Thursday said it had never expelled her.
Goswami came out of the jail around 8.30 pm and waved to people assembled outside from the vehicle carrying him, and thanked the Supreme Court for granting him interim bail.
Supreme Court had asked the government to issue RCom a NoC for spectrum sale to Reliance Jio Infocomm by December 9 if it furnishes a corporate guarantee of Rs 1,400 crore
The men's team for the Commonwealth Games -- Leander Paes, Mahesh Bhupathi, Somdev Devvarman and Rohan Bopanna -- wrote to the All India Tennis Association that if they are not paid their dues by next month 'none of them will be available for the Games in October'.
Reliance Capital Ltd forfeited 12,61,455 shares due to non-payment of allotment/call monies. Of the forfeited shares, 35,466 were annulled by the company.
Pakistan President Asif Ali Zardari allegedly received millions of dollars in kickbacks for the purchase of three French submarines for the Pakistani navy in 1994, a French daily has reported. Citing documents acquired by it, the daily Liberation in Tuesday's edition claimed Zardari received $4.3 million in kickbacks from the sale of three Agosta-90 submarines for 825 million euros (currently $1.23 billion).
NTPC on Tuesday asked the two BSES utilities to make their payments and said in the event of failure to do so it would be forced to regulate supplies to the state discoms.
The government's contention was that Sahara Airlines Ltd (now JetLite) was promoting the real estate and housing business and area operations of Sahara India Commercial Corporation.
Police FIR reveals the bank had replaced 44 loan accounts of HDIL with 21,049 fictitious loan accounts. These 21,049 were actually not created in the core banking solution of the bank, but were mere entities in the advances master indent submitted to RBI for conducting its inspection for the year ended March 2018.
In one case, the folks at SWAN discovered that of the Rs 1,500 they'd transferred as relief in the account of a stranded worker, the bank had deducted Rs 800 as penalty for not having minimum balance!
They don't plan to go on strike like their male counterparts but the Indian women hockey players protested the non-payment of their dues nevertheless by wearing black armbands during the training session of a Commonwealth Games preparatory camp in Bhopal on Thursday.
Pained by the turmoil in Indian hockey, an Indian doctor in London has offered Rs 10 lakh for the players who are staying away from the World Cup preparatory camp in Pune in protest against non-payment of their dues and incentives. Olympian and former chief coach Joaquim Carvalho said Dr James Leitao, a former student of Mumbai's Grand Medical College, has offered to help.
Sports Minister M S Gill urged India's striking hockey players to join the World Cup preparatory camp in Pune, promising them a 'fair deal' after the completion of next month's mega event in Delhi. After a breakdown in talks between the administrators and players, who are staying away from the camp in protest against non-payment of their 2009 dues, Gill asked the players to return to training immediately.
The disgruntled national hockey players on Monday continued their indefinite boycott of the World Cup preparatory camp to protest the non-payment of their dues and incentives.
Indian hockey plunged into a fresh crisis on Friday with revolting hockey players deciding to boycott the ongoing World Cup preparatory camp in Pune for an indefinite period in protest against non-payment of their dues.
In the midst of a tax probe into finances of IPL, authorities have issued notices to several sponsors of the first edition of the Twenty20 event, including DLF, Adidas and Religare for non-payment of service tax.
Based on Statista data for 2019, Vodafone has 17.2 million subscribers in the UK, 29.5 million in Germany, and over 13.7 million in Spain. Without Voda Idea, the Group will become smaller than Airtel and Jio.
Marcelo Leite Pereira, the Golden Boot winner of Indian Super League 3, has threatened to take legal action against his franchise Delhi Dynamos and possibly approach FIFA for non-payment of dues amounting to $ 25,000.
The department of economic affairs is said to be in discussions with various probe agencies, including the income tax department and the Enforcement Directorate, and bankers in drafting the final rules.
Tom Daschle, President Obama's nominee to be secretary of Health and Human Services, withdrew his nomination, White House officials said.
With the addition of 4,000 employees, the RCom staff strength is estimated to rise to 9,500
As the drama unfolds in the ongoing Mumbai terror attacks trial, it is intriguing to note that Abbas Kazmi, the lawyer for prime accused Ajmal Amir Kasab, has not been paid a rupee yet. Sources say his payment is being processed, but Kazmi has not received the money in the last two months due to bureaucratic delays.
The sessions court will continue hearing the revision application on Tuesday, special public prosecutor Pradip Gharat said. Goswami's lawyer Parkar said after the revision plea is heard, the court will take up the bail plea for hearing.
$3.6 billion worth of aircraft - by today's prices - are lying idle or are in hangers due to poor maintenance and management
The government has not done its homework or made any attempt to forge a consensus on this matter that affects millions of people in the organised sector, says Harsh Roongta.
This is the first time that Gandhi has raised an issue in the 17th Lok Sabha
Demand payment of sugarcane arrears, company says there are no dues.
The Reserve Bank of India (RBI) on Wednesday relaxed the prudential norms for banks' exposure to derivative contracts by allowing the non-payment of dues on a contract made during the period between April 2007 and June 2008 to be classified in a separate account.
Terming the practice of power theft as an act prohibited by their religion, Islamic body Darul Uloom Deoband has issued a fatwa directing Muslims to refrain from any illegal use of electricity. The fatwa came following a request by a person, who sought formal direction on the issue of illegal use of electricity.
