JP Morgan demands loan repayment of Rs 268 crore from M&M SsangYong Motor Co
NEW DELHI: JP Morgan has sought repayment of loan worth 40 billion Korean wons from Mahindra & Mahindra’s troubled foreign arm SsangYong Motor Company (SYMC) but the South Korean auto maker has expressed its inability to pay the amount now. Following the Korean automaker’s application for rehabilitation dated December 21, JP Morgan issued a notice […]
Plea in Supreme Court challenging RBI circular on 3-month moratorium on loan repayment
NEW DELHI: A petition was filed in the Supreme Court on Saturday seeking direction on setting aside the RBI’s March 27 circular on three-month moratorium on loan repayment between March 1 and May 31 amid coronavirus pandemic. The Reserve Bank of India (RBI) had issued the circular giving liberty to all banks and financial institution […]