kakatiya Posted February 18, 2016 Report Posted February 18, 2016 PNB's announcement followed State Bank of India's move to declare Mallya and UBHL as wilful defaulters, though the company challenged the move in the Delhi high court.But Mallya-ji Had Huge Plans For His Birthday Featuring EnriqueShares of UB Holdings, the holding entity of Mallya-promoted companies and also the defunct Kingfisher Airlines, dived 11% to close at Rs 20 on Tuesday compared to a 1.5% fall in the sensex.Reports surfaced last week about Mallya, who also controls Force India F-1 team and IPL franchise Royal Challengers Bangalore, purchasing Barbados Tridents team in the West Indies for about $2 million (Rs 14 Crore approx) franchisee fees. Mallya's interest in Caribbean cricket dates back to the mid-1990s when he sponsored the West Indies team, spicing up his good times branding.When Mallya's Personal Jet Was Sold Off In ScrapIndia's defaulting business tycoons are under increasing pressure as the RBI is prompting lenders to be proactive in tackling mounting bad loans. The Supreme Court on Tuesday asked the RBI for a list of companies that are in default of bank loans of more than Rs 500 crore, or whose loans have been restructured under corporate debt restructuring schemes.A consortium of 11 banks, led by SBI, has an overall exposure of Rs 6,203 crore to Kingfisher. PNB has an exposure of Rs 800 crore and SBI Rs 1,600 crore. Banks have been struggling to recover their dues from Kingfisher as they do not have much enforceable security. "The company is in consultation with its legal counsels to challenge the decision by taking appropriate legal action that may be required in this regard," UB Holdings said in a filing with the BSE.When We Thought He Will Lose It All, Except For The Crazy HaircutThe 'wilful defaulter' tag is related to the loans taken by the company for the Kingfisher Airlines, which has been grounded since late 2012. The airlines' licence was suspended by the Director General of Civil Aviation (DGCA) following a strike by the employees. PNB, which like many other public sector banks, has reported disastrous third quarterly results over higher loan loss provisions. It sent a letter dated February 11 to UB Holdings informing it of the move.Originally published in the Times of India Spotlight PARTNER If You Are Prone To Accidents, Mishaps Or Have Butterfingers Then This Video Will Turn Your Life Around PARTNER These People Thought They Could Manage Without Professional Help. Boy, They Couldn’t Have Been More Wrong! Promoted Stories Why Aren't People Using This Trick To Get Grants* For School Online? *Qualified Students – ClassesUSA Best Pizza Places In The U.S. Food & Wine Brilliant Mortgage Payoff Method Has Banks On Edge Comparisons.org Quotes 14 Awesome Tips For Healthy White Teeth Fropky The Insane Military Issued Flashlight Finally Available To Public Brightest Tactical Flashlight Content Marketing 2.0: What’s Coming Next PulsePoint.com Recommended By Colombia Trending Ravish Kumar Talks About Media Coverage Of JNU Controversy And He Makes More Sense Than Anyone Else Biker Makes A Dying Declaration After A Terrible Accident, Pleads To Donate His Organs #TrueHero Remember Rs 500 Smartphone From Yesterday? Turns Out, It Just Costs Half As Much Indian Company Launches World's Cheapest Smartphone! At Rs 500 It's Cheaper Than Your Phone Bill Bankrupt Billionaire Mallya Buys Caribbean Premier League Team For Rs 14 Crore, Back Home PNB Declares Him A Defaulter After His Family Abandoned Him For ‘Witchcraft’, Starving 2 Year Old Nigerian Boy Rescued After 8 Months On The Streets They Sold Their House And Set Out On A Trip Around The World On A Whim, Only To Become India's Leading Travel Bloggers Olympic Medalist Yogeshwar Dutt Threatens To Take Anti-Nationals Down In His Poem About The JNU Controversy JNU Student Leader Shuts Down Critics With A Powerful Speech After Criticism For 'Studying On Taxpayers Money' Indian Railways Planning To Introduce Smart Coaches Which Will Give You Home-Like Comfort On The Move Yazidi Survivor Forced Into ISIS Sex Slavery Describes How Militants Murdered Her Entire Clan Six Times The 150-Year-Old Sedition Law Has Been Used In India #JNUControversy Whispering Death, Pigeon And Jumbo – Here Are Some Nicknames Of Popular Cricketers Mysuru, Chandigarh And Visakhapatnam Are India's Cleanest Cities. Modiji's Varanasi Amongst The Dirtiest Now, A Video Goes Viral Alleging It Was ABVP Activists Who Shouted 'Pakistan Zindabad' Not JNU Students Spanish Employee Didn't Turn Up For Work For 6 Years But Got Paid Anyway! Chinese Scientists Just Created A Hotter Sun In A Nuclear Reactor And It Held Up! It Was Not Rabindranath Tagore Who Gave Gandhi The Title Of Mahatma, It Was A Not So Famous Man Main Accused In The Abduction Case Of Snapdeal Employee Was A Psychopath Inspired By SRK’s Darr Bras And Fake Boobs Find A New Purpose, To Traffic Drugs Across Borders This Blog By A Self Confessed Sickular Libtard On The JNU Controversy Raises Some Very Valid Issues! These Exclusive Pictures Prove That 'Titanic II' Is A Marvellous Replica Of The Original! Here’s What Rahul Dravid Had To Say To Indian Under-19 Players After They Failed To Win World Cup India Proves Itself Intolerant Yet Again, SRK's Car Pelted With Stones In Ahmedabad!
icecreamZ Posted February 18, 2016 Report Posted February 18, 2016 asalku ee CCL matches evadu choosthadu???
Enjoy99 Posted February 18, 2016 Report Posted February 18, 2016 eediki edho oka team lekapothe undaledu emo
ramana1212 Posted February 18, 2016 Report Posted February 18, 2016 Ani appullu chesi lamdi gaadu intha free ga ela tirugutunado
kakatiya Posted February 18, 2016 Author Report Posted February 18, 2016 Ani appullu chesi lamdi gaadu intha free ga ela tirugutunado Bank already wilful defaulter case vesindhi
compose Posted February 18, 2016 Report Posted February 18, 2016 Bank already wilful defaulter case vesindhi:)
perugu_vada Posted February 18, 2016 Report Posted February 18, 2016 Asalu janalu chustunara e matches :o
Recommended Posts