LAHORE: An appellate forum has held that a bank guarantee can be enforced if the principal debtor defaults. According to details, a financial company, being a provider of financial facilities ...

Concern Monarch has received a VTB bank guarantee for the construction and equipping with the necessary equipment of a multifunctional medical and perinatal center in Mytishchi, Moscow region. It has ...

The Karnataka High Court has instructed Google India and its executives to provide bank guarantees covering 50% of the penalties levied for alleged FEMA violations. These penalties, totaling Rs 5. ...

The British Business Bank's Growth Guarantee Scheme has been provided with about £500m of additional lending capacity to support smaller businesses experiencing cashflow issues due to changes in ...

“The e-BG service leverages e-signatures and e- stamps, significantly simplifying the bank guarantee process. With this facility, guarantees can now be issued within minutes. Beneficiaries can ...

However, after the bank account verification, the average time taken by the employer to approve the process is about 13 days resulting in piling up of workload at the level of the employer and ...

The Department of Telecommunications (DoT) has asked Vodafone Idea (VIL) to provide a bank guarantee of Rs 6,090 crore and has set a deadline of March 10 for compliance, the telco said in a BSE ...

The petition, filed by senior journalist V Ravi Prakash, alleges that fraudulent Bank Guarantees (BRs) were issued by a foreign entity in favor of MMRDA on behalf of MEIL. It was mentioned by ...

A bank guarantee is a financial backstop offered by a financial institution promising to cover a financial obligation if one party in a transaction fails to hold up their end of a contract.

GEORGETOWN, Nov 28 (Reuters) - Guyana has received preliminary approval from the U.S. Export-Import Bank for a ... briefing. The guarantee faces a 30-day notification process before U.S. Congress ...

Hailing the government's landmark decision to waive bank guarantees for telecom spectrum acquired before 2022, industry players on Tuesday said such supportive policy measures are instrumental in ...

The Indian Cabinet has announced a significant policy change, removing the need for large bank guarantees against previously purchased spectrum. This move is expected to benefit telecom companies, ...