The Delhi High Court Wednesday stayed a sessions court order that had directed registration of an FIR against Veer Singh, son of Max Group founder, for performing an alleged sham marriage ceremony with a woman.
How KKR’s credit risks came crashing down
The credit unit’s then CEO Sanjay Nayar (now KKR India’s chairman) saw big potential in structured corporate loans, which tend to offer higher interest rates than traditional bank loans but come with fewer creditor protections.
(Photo: Mint)Premium
Anto Antony,
, Bloomberg
A global investment behemoth’s sprint from boom to bust is a cautionary tale about India’s shadow-lending sector.
With a growing number of foreign money managers looking for opportunities to sift through the wreckage of India’s debt markets, the story behind KKR’s troubled bet illustrates what can go wrong