Search For "defaults"
Global debt crisis unlikely in near-term despite more defaults: S&P
Updated : 5 years, 5 months ago IST
Melbourne [Australia], March 11 (ANI): While the ratio of global debt-to-GDP is at a record high, continuing recovery of global economy will likely prevent a debt crisis any time soon, S&P Global Ratings said on Thursday.
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Sintex defaults on NCDs interest amount, blames liquidity crisis
Updated : 5 years, 7 months ago IST
Gandhinagar (Gujarat) [India], Dec 30 (ANI): Sintex Industries said on Wednesday it has not been able to pay the interest amount of Rs 3.6 crore on a gross principal amount of Rs 137.5 crore for its non-convertible debentures.
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Credit defaults in Asia rose in 2019 while ratings remained indicators of
Updated : 5 years, 10 months ago IST
Singapore, October 14 (ANI): A total of 10 companies rated by S&P Global Ratings including seven confidential issuers defaulted in Asia last year, up from three corporate defaults in 2018.
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LS passes bill to decriminalise some offences under Companies Act
Updated : 5 years, 11 months ago IST
New Delhi [India], September 20 (ANI): The Lok Sabha on Saturday passed a bill that seeks to decriminalise certain offences under the Companies Act, 2013, in case of defaults but not involving frauds.
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Coronavirus-related debts to be excluded from defaults under IBC
Updated : 6 years, 3 months ago IST
New Delhi [India], May 17 (ANI): Corporate debts related to COVID-19 pandemic will be excluded from default category under the Insolvency and Bankruptcy Code (IBC) for a period of up to one year, Finance Minister Nirmala Sitharaman said on Sunday.
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Sitharaman announces decriminalisation of Companies Act defaults
Updated : 6 years, 3 months ago IST
New Delhi [India], May 17 (ANI): In order to provide relief to the companies amid COVID-19 pandemic, Union Finance Minister Nirmala Sitharaman on Sunday announced the decriminalisation of Companies Act defaults.
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Income Tax Dept unearths huge defaults of TDS
Updated : 6 years, 5 months ago IST
New Delhi [India], Mar 4 (ANI): In a major breakthrough, the TDS wing of the Income Tax Department has unearthed default of tax deducted at source (TDS) of Rs. 324 crore in the case of a major telecom operator in Delhi, Finance Ministry said on Wednesday.
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Coffee Day reports Q3 defaults on debt of Rs 489 crore
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Jan 9 (ANI): Trouble appeared to be brewing at Coffee Day Enterprises Ltd (CDEL) on Thursday with the company saying it has defaulted on payments of interest, repayment of principal amount on loans from banks and financial institutions, and unlisted debt securit
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Oil companies stop fuel supply to Air India at six airports over payment d
Updated : 6 years, 12 months ago IST
New Delhi [India], Aug 23 (ANI): State-owned oil marketing companies (OMCs) led by Indian Oil have stopped jet fuel supply to Air India at six airports -- Kochi, Pune, Patna, Ranchi, Vizag and Mohali -- over payment defaults.
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LS discusses Bill to amend Companies Act, Sitharaman says it will help eas
Updated : 7 years ago IST
New Delhi [India], July 26 (ANI): The Lok Sabha on Friday took up discussion on a bill to amend the Companies Act of 2013 to ensure better compliance levels and to re-categorise some of the compoundable offences as civil defaults with Finance Minister Nirmala Sitharaman saying that it was a
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Bill to amend Companies Act introduced in Lok Sabha
Updated : 7 years ago IST
New Delhi, July 25 (ANI): A bill was introduced in the Lok Sabha that seeks to amend the Companies Act of 2013 to ensure better compliance levels and to re-categorise some of the compoundable offences as civil defaults.
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Cabinet approves bill to amend Companies Act, 2013
Updated : 7 years, 1 month ago IST
New Delhi [India], July 17 (ANI): The Union Cabinet on Wednesday approved a bill to amend the Companies Act, 2013 to ensure better compliance levels and re-categorise some of the compoundable offences as civil defaults.
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