Search For "bankruptcy proceedings"
Chinese vehicle sales continue to decline for third consecutive month
Updated : 1 year, 8 months ago IST
China's automotive sector is grappling with a significant revenue decline, with vehicle sales falling for the third straight month in August. Data from the China Association of Automobile Manufacturers (CAAM) shows a 5 per cent year-on-year decrease in new vehicle sales, reaching 2.45 millio
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EV unit of China's Evergrande Group struggles with bankruptcy
Updated : 1 year, 9 months ago IST
The China Evergrande New Energy Vehicle Group (CENEVG), an electric vehicle production of Chinese Evergrande Group revealed that previously they had initiated talks with potential buyers, however, are now struggling with bankruptcy proceedings, Nikkei Asia reported.
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Mallya receives fresh blow as judge denies appeal to dismiss bankruptcy pr
Updated : 5 years, 4 months ago IST
London [UK], January 13 (ANI): The UK High Court today refused an appeal by the fugitive businessman Vijay Mallya to dismiss the bankruptcy petition brought by a consortium of banks which are attempting to recover the debts owed by Mallya's now-defunct Kingfisher Airlines in lieu of the loan
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UK High Court refuses to release money for Vijay Mallya
Updated : 5 years, 4 months ago IST
London [UK], January 13 (ANI): Fugitive businessman Vijay Mallya has been denied access by a UK court to a significant chunk of his cash held by the UK court funds office as part of the wider bankruptcy proceedings against him launched by a consortium of Indian banks.
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PNB reports Rs 3,689 crore exposure to DHFL as fraud
Updated : 5 years, 10 months ago IST
New Delhi [India], July 10 (ANI): Government-owned Punjab National Bank (PNB) has reported a fraud of Rs 3,688.58 crore in the non-performing asset (NPA) account of non-banking financial company Dewan Housing Finance Ltd (DHFL) which is in bankruptcy proceedings.
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Ind-Ra downgrades Haldia Petrochemicals to AA-minus with negative outlook
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], June 29 (ANI): India Ratings and Research (Ind-Ra) on Monday downgraded Haldia Petrochemicals Ltd's (HPL's) long-term issuer rating to AA-minus from AA while resolving the rating watch negative (RWN).
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RBI files application for bankruptcy proceedings against DHFL
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Nov 30 (ANI): The Reserve Bank of India (RBI) has filed an application to initiate insolvency proceedings against mortgage lender Dewan Housing Finance Ltd (DHFL).
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Centre notifies new Banking Regulation Act
Updated : 8 years, 9 months ago IST
New Delhi [India], May 5 (ANI): The Narendra Modi-led government on Friday notified the ordinance to amend the Banking Regulation Act, empowering the Reserve Bank of India (RBI) and banks to initiate bankruptcy proceedings against chronic defaulters.
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