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RECENT NEWS
Financial Times  Feb 9  Comment 
French far-right leader’s promise to ditch euro unsettles investors
The Hindu Business Line  Jan 30  Comment 
Fitch Ratings today downgraded the long-term issuer default ratings on paper maker Ballarpur Industries Ltd (BILT) and its subsidiary Bilt Paper BV to a more speculative grade while maintaining the g...
Forbes  Jan 25  Comment 
Mozambique Bondholders View Default As ‘Strategic’; Negotiations Conditional On IMF Moves
The Hindu Business Line  Jan 24  Comment 
India's Central Bureau of Investigation on Tuesday charged Vijay Mallya, the liquor and aviation tycoon, with having misappropriated a 9 billion rupee ($132 million) loan granted by a government-owne...
Reuters  Jan 19  Comment 
A tribunal in Bengaluru has ruled in favour of a group of creditor banks seeking to recover more than $1 billion in loans now-defunct Kingfisher Airlines owes them, television channels reported on Thursday.
The Hindu Business Line  Jan 17  Comment 
State has stopped paying for purchase of 700 MW a day, piling up ₹1,300 cr in dues




 

Default refers to the failure to pay his or her debt on a timely basis or to comply conditions of an agreement or an obligation. Some example of default are loan defaults which the borrower does not pay back his loan on the date agreed with the bank.

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