#loan-default

UK Court Orders Nirav Modi to Pay Bank of India Over $10 . 7 Million

From company's $22 billion valuation to jail sentence: The rise and fall of Byju Raveendran

Byju Raveendran, founder of Byju's, has been sentenced to six months in prison by a Singapore court due to a loan default dispute with Qatar Investment Authority. Raveendran claims the matter is procedural and has announced plans to appeal.

Can banks block your mobile in case of loan default? RBI lays down rules for restricting services; Rs 250/hour compensation in this case

If the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of a borrower, it shall ensure adopting a graduated approach rather than disabling the device, ab initio; it can’t disable …

RBI Proposes To Lock Loan Financed Phones In case Of Default

Borrowers must first receive a notice after 60 days past due, with 21 days to repay, followed by a second notice allowing at least another week: RBI