Photo: The Times of India
Bihar Man Won 5 Crore From KBC, Now Bankrupt
Amitabh Bachchan is all set for the 15th season of 'KBC' on Sony Liv and has started sharing promos. At this time, recently a former KBC winner shared his tragic story, of how after winning Rs 5 crore, a native of Bihar Sushil Kumar went bankrupt. After winning the amount of Rs 5 crore in 2011, Kumar didn't make wise use of the money and spent it all on alcohol.
Tags: KBC, Winner Sushil Kumar, 5 Crore, Amitabh Bachchan, Bankrupt
Courtesy: DNA India
Photo: Kalinga TV
Banks To Recover Vijay Mallya's Debt After UK Declares Him 'Bankrupt'
In the latest development, a UK court has declared the fugitive Vijay Mallya as 'bankrupt' on July 26. The decision will help the State Bank of India-led consortium of banks to recover their debt by freezing the assets owned by Mallya's Kingfisher Airlines. Notably, Mallya is accused of not paying back Rs 9,000 crores to the banks, and is currently out on bail, living in the UK.
Tags: Fugitive, UK Court, Businessman, Bankrupt, SBI
Courtesy: Zee News
Photo: The News Minute
Oaktree Outbids Piramal and Adani Group In The Fresh Bids To Buy DHFL
In a fresh bid for crisis-ridden NBFC, Dewan Housing Finance Corporation Ltd. including three others have submitted their revised offers. The Oaktree capital outbid others with an offer of Rs 32,700 crore, while Piramal offered Rs.32,350 crore to takeover the assets of DHFL. However, Adani offered Rs.29,860 crores to buy entire portfolio and a separate offer to take over its wholesale and slum rehabilitation projects. Reportedly, DHFLs… read-more
Tags: Bisuiness, DHFL, Adani Group, Parimal Group, Oaktree, Bankrupt, Bidding
Courtesy: Mint
