Loan Settlement

SpiceJet settles $23.39 mn dispute with Aircastle, Wilmington Trust

Budget carrier SpiceJet on Tuesday said it has successfully settled a USD 23.39 million dispute with two aircraft lessors -- Aircastle and Wilmington Trust, days after amicably resolving a similar dispute with a US-based aircraft leasing firm, BBAM. As part of the settlement, all ongoing litigation and disputes between the parties will be withdrawn at appropriate forums, the airline said in a statement. SpiceJet has "successfully settled" a USD 23.39-million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd for an aggregate sum of USD 5-million, together with agreement in relation to the treatment of certain aircraft engines, the statement added. Both parties have reached this agreement through amicable negotiations, choosing to resolve the matter outside the courtroom, it said. "We have successfully resolved this long-standing dispute with Aircastle and Wilmington Trust. With this and other significant settlements, SpiceJet

Coastal Energen promoters reiterate commitment to one-time settlement

The company said in a statement that the total financial commitment of the promoters to the project is Rs 7,097 crore, including Rs 5,847 crore offered as settlement to banks

Congress govt in Telangana presents Rs 2.91 tn Budget; major announcements

The government spent Rs 34,579 crore on various schemes from December until now, said Telangana finance minister Mallu Bhatti Vikramarka

Banks report healthy loan growth in Q3; Casa ratio continues to decline

The Trend and Progress report of the Reserve Bank of India, which was released last month, observed that with the increase in deposit rates catching up with that in lending rates

How a one-time loan recast policy may lead to a spate of litigation

The management committee of the Indian Banks Association feels banks should be given the discretion to decide how the recast is to be customised and the eligibility criterion

Goa to reintroduce loan settlement scheme for mining firms: Parrikar

According to SC, mining firms have to contribute 30% of royalty to a special fund created by govt