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Search results for defaulted

Shimao Cuts Asking Price for Hong Kong’s Second-Largest Hotel
1 day, 4 hours ago

Shimao Cuts Asking Price for Hong Kong’s Second-Largest Hotel

Live Mint  

-- Defaulted Chinese developer Shimao Group Holdings Ltd. has slashed the asking price for a Sheraton-branded hotel property near Hong Kong’s airport by a quarter, according to a person familiar with the matter. Shimao, once one of China’s biggest developers, is looking to sell the 18-story property in Tung Chung for at least HK$4.5 billion, the person said, asking not …

Hong Kong According Kong Hong Sheraton Shimao
Moody’s upgrades Sri Lanka’s rating to ‘Caa1’ after creditors’ approval of $12.55 billion debt restructuring
1 day, 18 hours ago

Moody’s upgrades Sri Lanka’s rating to ‘Caa1’ after creditors’ approval of $12.55 billion debt restructuring

Live Mint  

Global credit ratings agency Moody's on Monday, December 23, raised the long-term foreign currency issuer rating of the South-Asian nation, Sri Lanka, reported the news agency Reuters. The long-term foreign currency issuer rating has now been raised to “Caa1” from its previous level of “Ca” with a stable outlook after the nation's creditors approved a $12.55 billion debt restructuring last …

Sri Lanka Debt Lanka Sri Rating
Telangana State Commission Holds Hinduja Leyland Finance Liable For Deficiency In Service And Unfair Trade Practices
2 weeks ago

Telangana State Commission Holds Hinduja Leyland Finance Liable For Deficiency In Service And Unfair Trade Practices

Live Law  

The Telangana State Commission, presided by Smt. V. V. Seshubabu dismissed an appeal by Hinduja Leyland Finance and held them liable for deficiency in service and unfair trade practices for making claims against the complainant without any concrete evidence. Brief Facts of the Case The complainant had obtained a loan for purchase of a passenger vehicle from Hinduja Leyland Finance/finance …

Finance Company Vehicle Complainant Commission Holds Unfair Trade Practices Hinduja Leyland Finance
Kerala nurses defraud Kuwaiti bank of Rs 700 crore
2 weeks, 4 days ago

Kerala nurses defraud Kuwaiti bank of Rs 700 crore

New Indian Express  

KOCHI: Hundreds of nurses from Kerala have allegedly defrauded a bank in Kuwait of nearly Rs 700 crore before leaving the Gulf country. As many as 1,425 nurses from the state availed large loans from the Gulf Bank, “wilfully” defaulted repayment, and migrated to Canada, Australia and European countries. So far, cases have been registered in Kerala based on complaints …

Kerala Bank Thomas Kuwait Nurses
Mumbai police registers Info Edge’s FIR against Housing.com Ex ECO Rahul Yadav, others in 4B Network’s funds
3 weeks, 2 days ago

Mumbai police registers Info Edge’s FIR against Housing.com Ex ECO Rahul Yadav, others in 4B Network’s funds

Live Mint  

Info Edge on November 30, 2024 announced that it has filed FIR against Rahul Yadav of Housing.com, in an exchanged filing. Info Edge’s filing of an FIR against key executives of 4B Networks marks the latest chapter in a prolonged dispute with the proptech startup. The conflict began in early 2023 when 4B Networks, led by Housing.com founder Rahul Yadav, …

Financial Yadav Rahul Fir Edge Networks Info Edge
5 things about Sri Lanka's debt swap deal to end first-ever external loan default
3 weeks, 6 days ago

5 things about Sri Lanka's debt swap deal to end first-ever external loan default

Firstpost  

Sri Lanka’s Finance Ministry has called the deal a “milestone” in rebuilding its economy, while President Anura Dissanayake, who took office in September, stressed the importance of this agreement for future stability. Sri Lanka is looking to resolve its first-ever external debt default. AFP Sri Lanka has launched a $12.5 billion debt swap initiative to resolve its first-ever external default …

Sri Lanka Debt Billion Deal Sri Bonds Default
Sri Lanka's president makes U-turn on IMF bailout
1 month ago

Sri Lanka's president makes U-turn on IMF bailout

The Hindu  

Sri Lanka's new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor. The $2.9 billion loan secured early last year required Colombo to sharply raise taxes, remove generous energy subsidies and agree to restructure more than 50 loss-making state enterprises. Mr. Dissanayake's National People's Power party …

Sri Lanka Billion Dissanayake Imf
Land Mortgaged To Bank Can Be Sold In Case Of Default In Loan Repayment By Allotee: Karnataka High Court
1 month ago

Land Mortgaged To Bank Can Be Sold In Case Of Default In Loan Repayment By Allotee: Karnataka High Court

Live Law  

The Karnataka High Court has held that once the state government allows land granted to be mortgaged to raise a loan for the construction of a house, in case of default of repayment of the loan, the bank cannot be restrained from selling the property to enforce the mortgage, citing the non-alienation clause in the grant. A Single Judge M …

Property Bank Loan Mortgage Kar Grant 25 Years
BRI was born out of myth, will end up being a myth too: Is this the beginning of the end of Chinese century?
1 month, 1 week ago

BRI was born out of myth, will end up being a myth too: Is this the beginning of the end of Chinese century?

Firstpost  

Today, as the Chinese economy is losing steam, its real estate is in a mess, and the BRI is faltering, Beijing is in a desperate situation, with many China watchers, including Bertil Lintner, hinting at the end of the Chinese century With the BRI, touted by Xi Jinping as the “project of the century”, the Chinese President believed he would …

India Europe China Sri Lanka Loans Silk Road Project
5 key benefits of having a higher credit score you should know
1 month, 1 week ago

5 key benefits of having a higher credit score you should know

Live Mint  

A good credit score increases your chances of getting a loan or credit card approved, provided you fulfil the other eligibility criteria. A higher credit score makes you eligible for pre-approved offers for various loans and credit cards from various banks and NBFCs. Higher probability of loan approvals In the earlier section, we saw how a high credit score makes …

Credit Card Loans Loan Credit Cards Score Cards Banks
ATP Finals: Sinner opens campaign with win over De Minaur
1 month, 2 weeks ago

ATP Finals: Sinner opens campaign with win over De Minaur

The Hindu  

World number one and home favourite Jannik Sinner began his bid to win the ATP Finals for the first time with a 6-3, 6-4 defeat of tournament debutant Alex de Minaur on Sunday. Sinner, runner-up to Novak Djokovic in the prestigious year-ending tournament last year, dropped behind early in the first set but quickly hit back to dominate the contest. …

Sinner Medvedev De Minaur Fritz
ATP Finals: Taylor Fritz off to winning start after Daniil Medvedev meltdown
1 month, 2 weeks ago

ATP Finals: Taylor Fritz off to winning start after Daniil Medvedev meltdown

The Hindu  

American Taylor Fritz won his first match in the group stage of the ATP Finals 2024 when he beat Daniil Medvedev 6-4 6-3 on Sunday after the Russian lost his cool and risked getting defaulted by his bizarre antics. The opening set went with serve without a single break point until the final game, with Fritz especially dominant on his …

Medvedev Russian Set Fritz Taylor Fritz Group Stage Daniil Medvedev
Complainant's Burden Shifting Under Section 139 of the Negotiable Instruments Act: High Court Observation
1 month, 3 weeks ago

Complainant's Burden Shifting Under Section 139 of the Negotiable Instruments Act: High Court Observation

Live Law  

The Jammu and Kashmir and Ladakh High Court has observed that once the complainant proves that a cheque was issued by the accused to discharge a debt, Section 139 mandates that the burden of proof shifts to the accused. The court dismissed an appeal filed by one Choudhary Piara Singh against an acquittal order issued by the Trial Court in …

Law Legal Evidence Statutory Jammu
Two major student loan grace periods are set to expire this week. Here's what to know
2 months, 3 weeks ago

Two major student loan grace periods are set to expire this week. Here's what to know

NPR  

Two major student loan grace periods are set to expire this week. Here's what to know toggle caption Andrew Caballero-Reynolds/AFP/Getty Images Two federal measures designed to help student loan borrowers with their payments are set to expire this week. Since federal student loan payments resumed last October, borrowers have received some assistance with the transition largely through two federal supports …

Payments Loans Loan Start Fresh Start Borrowers Defaulted
Marxist Dissanayake wins Sri Lanka's presidential election as voters reject old guard
3 months ago

Marxist Dissanayake wins Sri Lanka's presidential election as voters reject old guard

NPR  

Marxist Dissanayake wins Sri Lanka's presidential election as voters reject old guard toggle caption Eranga Jayawardena/AP COLOMBO, Sri Lanka — Marxist lawmaker Anura Kumara Dissanayake won Sri Lanka’s presidential election, according to data released by the Election Commission Sunday, as voters rejected the old political guard that has been widely accused of pushing the South Asian nation toward economic ruin. …

Sri Lanka Election Sri Dissanayake Marxist
Marxist Dissanayake wins Sri Lanka’s presidential election as voters reject old guard
3 months ago

Marxist Dissanayake wins Sri Lanka’s presidential election as voters reject old guard

LA Times  

National People’s Power candidate Anura Kumara Dissanayake arrives at a polling station to cast his vote Saturday in Colombo, Sri Lanka. Marxist lawmaker Anura Kumara Dissanayake won Sri Lanka’s presidential election, according to data released Sunday by the Election Commission, as voters rejected the old political guard that has been widely accused of pushing the South Asian nation toward economic …

Sri Lanka Election Vote Sri Dissanayake Old Guard
Vote count underway in Sri Lanka’s presidential election after years of turmoil
3 months ago

Vote count underway in Sri Lanka’s presidential election after years of turmoil

Associated Press  

COLOMBO, Sri Lanka — Voting ended in Sri Lanka’s presidential election Saturday as the country seeks to recover from the worst economic crisis in its history and the resulting political upheaval. They will show whether Sri Lankans approve of Wickremesinghe’s leadership of a fragile recovery, including restructuring Sri Lanka’s debt under an International Monetary Fund bailout program after it defaulted …

Sri Lanka Election Economic Presidential Sri Dissanayake Count
Madras HC slams cop for freezing bank account of loan defaulter
3 months, 3 weeks ago

Madras HC slams cop for freezing bank account of loan defaulter

New Indian Express  

CHENNAI: The Madras High Court “condemned” a police officer for freezing the bank account of a person in Chennai following complaints of a money dispute, observing it was unjustified unless the funds are proved to be proceeds of a crime. Justice G Jayachandran, in a recent order, said, “A complaint of default in repayment of money will not per se …

Account Bank Account
Contract security officers leave jail in Atlanta after nonpayment of contract
3 months, 3 weeks ago

Contract security officers leave jail in Atlanta after nonpayment of contract

Associated Press  

ATLANTA — Some security officers at a jail in Atlanta that is under federal investigation walked off the job after the Fulton County sheriff’s office failed to pay money owed to the third-party contractor that employs them. The Fulton County Sheriff’s Office said in a news release that it is facing “a significant budget crisis” and owed an outstanding balance …

Contract Office Fulton County County Jail Sheriff Pitts
Why Ethiopia Ended Half a Century of Currency Control
4 months, 1 week ago

Why Ethiopia Ended Half a Century of Currency Control

Bloomberg  

For the past half-century, Ethiopia tightly controlled the official value of its currency, the birr. The decision, which followed similar moves by Egypt and Nigeria, allowed the Horn of Africa nation to clinch $3.4 billion from the International Monetary Fund and a further $16.6 billion from the World Bank. The government borrowed heavily during more than a decade of low …

Ethiopia
Hire-Purchase Agreement | Bank Need Not Re-Issue Vehicle's Registration Certificate After Sale Due To Default By Registered Owner: Calcutta HC
4 months, 2 weeks ago

Hire-Purchase Agreement | Bank Need Not Re-Issue Vehicle's Registration Certificate After Sale Due To Default By Registered Owner: Calcutta HC

Live Law  

The Calcutta High Court has held that in hire-purchase agreements where a bank repossesses a vehicle and re-sells it due to a default by the vehicle's registered owner, the bank cannot be compelled to re-issue the vehicle's certificate of registration under Section 51 of the Motor Vehicles Act.A single bench of Justice Rai Chattopadhyay held:"Court finds that the petitioner or. …

Court Registration Bank Order Respondent Vehicle Registered
Denis Shapovalov ‘did not sleep’ after default for swearing at Washington Open
4 months, 2 weeks ago

Denis Shapovalov ‘did not sleep’ after default for swearing at Washington Open

New York Times  

Canadian tennis player Denis Shapovalov “did not sleep for two days” after being defaulted from the Citi Open in Washington D.C. Shapovalov automatically lost his ranking points and prize money after the default but they were reinstated after his appeal against the decision. I felt like it was really something that was taken away from me for nothing big that …

Money Default Prize Money Points Play Match Shapovalov
How to navigate personal loans after 50? Here are 3 key considerations for borrowers
4 months, 3 weeks ago

How to navigate personal loans after 50? Here are 3 key considerations for borrowers

Live Mint  

Emergencies can come in all shapes and forms, and they tend to present themselves at times when you are least expecting them. In fact, age significantly influences personal loan eligibility, impacting factors such as interest rates, loan amounts, and tenure and understanding these effects is crucial for making informed decisions when applying for credit. Firstly, the impact of age on …

Retirement Personal Personal Loans Age Loans Loan Income
Liquidators Struggle to Recover Cash From China’s Broke Builders
4 months, 3 weeks ago

Liquidators Struggle to Recover Cash From China’s Broke Builders

Live Mint  

Liquidators trying to recoup at least a fraction of creditors’ investments in defaulted Chinese builders are running into dead-ends. Creditors in three cases, including Sinic Holdings Group Co. and Yango Justice International Ltd., haven’t seen any significant distribution, they said, declining to be identified discussing private matters. “Liquidators who are seemingly powerful could end up powerless.” Some offshore bonds of …

China Hong Kong Case According Chinese Kong Hong