We have got more victims

We have got more victims with respect to the article Indian Banks are in for a tough time - Part II. Jet Airways defaulted on its interest payments. As discussed in the previous post, Unitech had defaulted on its payment and investors in debt funds didn't see their returns reduce because of transfer of debt from debt funds to equity funds by SBI MF. Great way to reward equity and debt investors!!!!!!!!!!!! Kingfisher Airlines, previously known as Deccan, also defaulted and so did Arvind Mills. Alok Industries escaped default by diluting equity by more than 200%.