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Search results for borrower

Allahabad High Court Quashes Criminal, ED Proceedings Initiated Against Indiabulls & Its Officials
10 hours, 48 minutes ago

Allahabad High Court Quashes Criminal, ED Proceedings Initiated Against Indiabulls & Its Officials

Live Law  

The Allahabad High Court, on Friday, quashed the criminal proceedings initiated by the borrower, Shipra Group, and the Enforcement Directorate against the Indiabulls Group and its officials as arbitral proceedings pursuant to the loan agreements are already underway, a fact which was suppressed by the informant. Observing that the informant had hidden the various proceedings instituted by him in different …

Court Criminal Proceedings Loan High Fir Material Facts Shares
ED raids multiple locations of Concast Steel and Power Group, seizes jewellery and vehicles
4 days, 14 hours ago

ED raids multiple locations of Concast Steel and Power Group, seizes jewellery and vehicles

The Hindu  

The Kolkata Zonal Office of the Directorate of Enforcement conducted search operations at 13 places of Concast Steel and Power Group and seized gold and jewellery worth ₹4.5 Crore as well as eight vehicles including luxury vehicles. ED initiated investigation on the basis of FIR registered by CBI, BSFB, Kolkata under various sections of IPC, 1860 and Prevention of Corruption …

Kolkata Concast Concast Steel
Contempt Power Is Not Only For Violation Of Express Orders; Applies To Any Act Intended To Frustrate Judicial Process : Supreme Court
Trending News
1 week, 2 days ago

Contempt Power Is Not Only For Violation Of Express Orders; Applies To Any Act Intended To Frustrate Judicial Process : Supreme Court

Live Law  

In a significant judgment, the Supreme Court observed that contempt jurisdiction is not confined only to violation of express judicial directions but also extends to acts which are intended to frustrate court proceedings or bypass the eventual judgment. Even in the absence of such specific mandates, the deliberate conduct of parties aimed at frustrating court proceedings or circumventing its eventual …

Supreme Court Judgment Court Contempt Proceedings Borrower Celir Llp
Farm loans up to ₹2 lakh to be collateral free: RBI
1 week, 2 days ago

Farm loans up to ₹2 lakh to be collateral free: RBI

Hindustan Times  

The Reserve Bank of India has asked all banks to waive collateral, mortgage and any margin deposits against farm loans up to a limit of ₹2 lakh, the central bank said on Saturday. RBI has advised banks to waive collateral security and margin requirements for agricultural loans including loans for allied activities up to ₹ 2 lakh per borrower. The …

Bank Rbi Lakh Farm Agricultural Collateral Including Loans
Personal loan eligibility: How does having a co-borrower affect your chances?
1 week, 6 days ago

Personal loan eligibility: How does having a co-borrower affect your chances?

Live Mint  

Although applying for a personal loan might seem like a pretty big financial decision, having a co-borrower with you could make the process go easier. Let's see how adding a co-borrower to your application would increase the chances of it getting approved and even possibly make the loan conditions better. Higher interest rates: Better loan terms, whereby the interest rates …

Personal Financial Credit Personal Loans Loans Income Loan Eligibility
Borrowers Breaching Terms & Conditions Of OTS Scheme Cannot Seek Direction From Court To Compel Bank To Honour Obligations: Kerala High Court
1 week, 6 days ago

Borrowers Breaching Terms & Conditions Of OTS Scheme Cannot Seek Direction From Court To Compel Bank To Honour Obligations: Kerala High Court

Live Law  

The Kerala High Court has held that borrowers who breach the terms and conditions of the One Time Settlement Scheme, cannot be permitted to seek directions from the Court to compel the bank to honour its obligations under the OTS Scheme. If the borrower is not in a position to or unwilling to act in accordance with any of the …

Court Bank Writ Conditions Scheme Borrowers Terms
Reliance eyes $3 billion in India's largest loan deal since 2023: Report
1 week, 6 days ago

Reliance eyes $3 billion in India's largest loan deal since 2023: Report

India Today  

Reliance Industries is in talks with several banks to secure a $3 billion loan, reported news agency Bloomberg. Despite this, Reliance Industries’ strong credit profile continues to make it a preferred borrower in global markets. Reliance Industries holds a credit rating that is one notch above India’s sovereign grade, a distinction achieved by very few companies. Moody’s recently reaffirmed Reliance’s …

India Indian Loan Reliance Industries Reliance
Reliance seeks up to $3 billion in biggest India loan since 2023
Trending News
1 week, 6 days ago

Reliance seeks up to $3 billion in biggest India loan since 2023

Live Mint  

Billionaire Mukesh Ambani-owned Reliance Industries is in talks with banks for a loan of $3 billion, the largest offshore borrowing from an Indian company in over a year. Reliance Industries has approximately $2.9 billion worth of debt due in 2025, including interest payments, according to data compiled by Bloomberg News. If the borrowing goes through, it would mark Reliance Industries’ …

Indian Reliance Industries Reliance India Loan
Criminal Liability Of Panel Advocates In Bank Fraud Cases
2 weeks ago

Criminal Liability Of Panel Advocates In Bank Fraud Cases

Live Law  

The primary business of banks is to give loans and charge interest. The bank directs its panel advocates to give legal opinions on the immovable property offered as security by the borrower before sanctioning of loan. In Ashok Kumar Garg vs. CBI, 2023:AHC-LKO:63375, the Hon'ble Allahabad High Court quashed the case against an advocate/valuer of a bank who was prosecuted …

Opinion Legal Property Court Criminal Records Bank
Wayanad Landslides | Kerala High Court Slams State Government For Failure To Explain Available Balance In State's Disaster Response Fund
2 weeks, 2 days ago

Wayanad Landslides | Kerala High Court Slams State Government For Failure To Explain Available Balance In State's Disaster Response Fund

Live Law  

The Kerala High Court today criticised the State government for its failure to provide details regarding the availability and utilization of funds in the State's Disaster Response Fund. The State government, along with the Finance Officer of the Department of Disaster Management submitted before the Court that 677 crores must be the amount available in the SDRF, however, they were …

Disaster Court State Fund Funds Sdrf 677 Crores
DC Edit | RBI still cautious, but cuts CRR
2 weeks, 2 days ago

DC Edit | RBI still cautious, but cuts CRR

Deccan Chronicle  

The RBI-led Monetary Policy Committee continued its cautious approach by keeping the repo rate unchanged for the 11th time. The central bank has also allowed small finance banks to extend credit lines through UPI, which typically target borrowers of small ticket size loans. Lower middle class, which is said to be badly hit by low wage growth, will benefit from …

Rbi Cuts Crr
Declaration Of Loan Account/ Debt As NPA Can Be Considered As Date Of Default To File Petition U/S 7 Of IBC: NCLAT
2 weeks, 2 days ago

Declaration Of Loan Account/ Debt As NPA Can Be Considered As Date Of Default To File Petition U/S 7 Of IBC: NCLAT

Live Law  

The NCLAT New Delhi bench of Justice Ashok Bhushan and Barun Mitra has held that upon declaration of the loan account/ debt as NPA that date can be reckoned as the date of default to enable the Financial Creditor to initiate action under Section 7 of the Code. There being default by the Corporate Debtor prior to 01.03.2020 and also …

Corporate Bank Application Debt Period Date File
RBI increases collateral free loan limit for farmers from ₹1.6 lakh to ₹2 lakh
2 weeks, 3 days ago

RBI increases collateral free loan limit for farmers from ₹1.6 lakh to ₹2 lakh

Live Mint  

Mumbai, December 6 : In a big relief to small and marginal farmers the Reserve Bank of India on Friday has hiked the limit for collateral-free loans for agricultural farmers from ₹1.66 lakh to ₹2 lakh per borrower. In his address after the completion of the Monetary Policy Committee meeting, Governor Shaktikanta Das said that "taking into account the rise …

Credit Farmers Loan Rbi Lakh Free Limit
Credit Card Dues: 5 key benefits of paying on time for better financial health
3 weeks ago

Credit Card Dues: 5 key benefits of paying on time for better financial health

Live Mint  

Making timely credit card payments is a way to ensure financial security and provides benefits beyond the mere avoidance of late fees. Avoid paying costly interest charges: With yearly interest rates sometimes ranging from 35% to 40%, credit cards generally have some of the highest rates in the financial industry. Increased credit limit: Banks may increase the credit limit if …

Benefits Financial Credit Payments Interest Credit Cards Card
Application U/S 95 Cannot Be Rejected On Grounds Of Pendency Of One Time Settlement Proposal: NCLAT
3 weeks, 6 days ago

Application U/S 95 Cannot Be Rejected On Grounds Of Pendency Of One Time Settlement Proposal: NCLAT

Live Law  

The NCLAT New Delhi bench of Mr. Justice Ashok Bhushan, Mr. Barun Mitra and Mr. Arun Baroka has held that pendency of One Time Settlement Proposal which is yet to be accepted, cannot be a ground to refuse initiation of insolvency process against the personal guarantors. Brief Facts These two appeals have been filed challenging the order passed by National …

Personal Appellant Ots
Why is your credit score important and how will it impact your future?
Trending News
4 weeks ago

Why is your credit score important and how will it impact your future?

Live Mint  

Your credit score is an important number that influences every aspect of your life financially. A high credit score tells lenders that you are not very much of a risk, which translates to more favourable loan terms and lower interest rates. Loan limits: A good credit score can also mean a higher amount to be loaned, helping you access more …

Credit Loans Interest Credit Score Credit Cards Score Rates
5 key benefits of personal loans that you should know about –– flexibility, lack of usage curbs, and …
Trending News
4 weeks ago

5 key benefits of personal loans that you should know about –– flexibility, lack of usage curbs, and …

Live Mint  

Life often presents us with unforeseen expenses includeasily available to people. Knowing the key benefits of personal loans can help you make well-informed financial choices to achieve your objectives. The interest rates on personal loans are usually affected by several factors, including your credit score, income, and the loan amount. Quick disbursement process: Personal loans are approved and disbursed within …

Personal Loans Loans Personal Quick Disbursement
Rajasthan: Upset with seizure of house by finance company, woman kills self in Bundi
4 weeks, 1 day ago

Rajasthan: Upset with seizure of house by finance company, woman kills self in Bundi

India TV News  

A 23-year-old woman killed self after employees of a private finance company sealed her house for loan default in Bundi district, Rajasthan. Employees of Aavas Finance Limited, accompanied by a police team, sealed her house following a seizure order issued by a local court, a police officer said. Keshoraipatan Circle Officer Devesh Bharadwaj said, "Divya's father, Mahesh Meena, had borrowed …

Finance Company Divya House Mahesh Finance Company
Filing Petition U/S 10 Of IBC Subsequent To Action Taken Under SARFAESI Act Cannot Be Termed Malicious Or Fraudulent: NCLAT
1 month ago

Filing Petition U/S 10 Of IBC Subsequent To Action Taken Under SARFAESI Act Cannot Be Termed Malicious Or Fraudulent: NCLAT

Live Law  

The NCLAT New Delhi bench of Justice Ashok Bhushan and Arun Baroka has held that merely because proceeding under Section 13, sub-section and of the SARFAESI Act has been initiated by the creditor prior to filing of Section 10 application, cannot be a ground to hold that Section 10 application is filed with malicious and fraudulent intent to be rejected …

Corporate Corporate Debtor Application Tribunal Proceedings Filed Filing
What is a credit score and ways to maintain a good score?
1 month ago

What is a credit score and ways to maintain a good score?

Live Mint  

In today’s financial world, credit score is one of several important measures which describes a person’s financial situation. Equifax score: Equifax has credit scores that can be anywhere from 300 to 900 with 750 and above rates being considered good. How to interpret a credit score In India, credit scores typically fall into the following ranges: 300-549: A low credit …

India Financial Credit Loans Credit Score Credit Cards Card
Westwood Financial Secures $70 Million in Debt Capital
1 month, 1 week ago

Westwood Financial Secures $70 Million in Debt Capital

LA Times  

New funding will fuel the continued growth of key assets in the firm’s national portfolio of retail properties Westwood Financial, a more than 50-year-old retail real estate investment firm based in Los Angeles, has announced via press release that it has closed on a $70-million term loan upsize to the firm’s unsecured credit facility. The upsize brings Westwood Financial’s total …

Financial Million Westwood Westwood Financial
Rising Gold Prices Make Gold Loans More Attractive
1 month, 2 weeks ago

Rising Gold Prices Make Gold Loans More Attractive

Deccan Chronicle  

Chennai: Elevated gold prices provide an opportunity for borrowers to raise more money for the gold they possess during financial exigencies. Unlike other secured loans like a home loan or car loan, there is no restriction on the end use of gold loans and unlike personal loans, gold loans do not require a good credit history. The interest rates of …

Personal Personal Loans Loans Gold Prices Gold Loans Cent Gold Loan
Trump's win in US Elections brings uncertainty to borrowers hoping for student loan forgiveness
1 month, 2 weeks ago

Trump's win in US Elections brings uncertainty to borrowers hoping for student loan forgiveness

Hindustan Times  

Savannah Britt owes about $27,000 on loans she took out to attend college at Rutgers University, a debt she was hoping to see reduced by President Joe Biden's student loan forgiveness efforts. President-elect Donald Trump and his fellow Republicans have criticized Biden's loan forgiveness efforts, and lawsuits by GOP-led states have held up plans for widespread debt cancellation. She owes …

Trump Student Forgiveness Loans Debt Loan Republican
Trump’s win brings uncertainty to borrowers hoping for student loan forgiveness
1 month, 2 weeks ago

Trump’s win brings uncertainty to borrowers hoping for student loan forgiveness

Associated Press  

Savannah Britt owes about $27,000 on loans she took out to attend college at Rutgers University, a debt she was hoping to see reduced by President Joe Biden’s student loan forgiveness efforts. She owes about $18,000, and she was in the process of it being forgiven, but it’s at a standstill.” President-elect Donald Trump and his fellow Republicans have criticized …

Trump Student Forgiveness Loans Debt Loan Administration