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NCLT orders commencement of insolvency proceedings against Jaypee Infratech

National Company Law Tribunal has admitted insolvency petition of IDBI Bank against Jaypee Infratech. This decision of tribunal might give stress to around 32000 buyers. Watch to know more.

Cabinet approves proposal for bill to deal with bankruptcy in financial sector

Cabinet approves proposal for bill to deal with bankruptcy in financial sector

The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies and financial sector entities.


FM Jaitley orders ''immediate action'' towards implementation of Bankruptcy Code

FM Jaitley orders ''immediate action'' towards implementation of Bankruptcy Code

Calling for time-bound implementation of the Insolvency and Bankruptcy Code (IBC) 2016, Finance Minister Arun Jaitley on Tuesday directed senior officials of his ministry to take "immediate action" on the key requirements of the legislation.

Kylie Jenner is broke?

Kylie Jenner is broke?

Reality TV star Kylie Jenner is reportedly on the verge of bankruptcy mainly due to bad investment in her cosmetic line.

Meet ROSS, world's first 'RoboLawyer' who'll look after bankruptcy!

Meet ROSS, world's first 'RoboLawyer' who'll look after bankruptcy!

The machine is designed to understand language, provide answers to questions, formulate hypotheses and monitor developments in the legal system.

Lok Sabha passes Insolvency and Bankruptcy Bill

Lok Sabha passes Insolvency and Bankruptcy Bill

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

JPMorgan Chase pays $1.42 bn to settle most of Lehman Bros suit

JPMorgan Chase has agreed to pay USD 1.42 billion to settle most of the litigation relating to the bankruptcy of Lehman Brothers, according to court documents.

SBI says bankruptcy code can't solve all problems for banks

State Bank of India (SBI) Monday raised questions over the bankruptcy code being readied by the government, citing past experiences, while stressing on the need for a change in the overall 'ecosystem' to tide over the problem of bad loans.

Sole US rare-earths miner Molycorp files for bankruptcy

Molycorp, the sole US miner and producer of rare earth elements crucial in high-tech manufacturing, filed for bankruptcy protection on Thursday as it struggles with a mountain of debt.

Cyprus won`t need full EU bailout package: minister

Cyprus will not need all of the 10-billion-euro bailout it received in 2013 as its economy recovers faster than expected, the country`s finance minister told AFP.

RadioShack gets court approval for interim bankruptcy loan

Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores.

Judge in Apple supplier's bankruptcy questions need for secrecy

The judge overseeing the mysterious bankruptcy of an Apple Inc sapphire supplier on Wednesday voiced skepticism over requests for secrecy and compared the iPhone maker to a demanding homeowner unhappy with how a construction project turned out.

GT Advanced bankruptcy offers warning to Apple suppliers

The financial implosion of Apple Inc supplier GT Advanced Technologies Inc this week offers a dramatic illustration of how the iPhone maker can put the screws to suppliers willing to take a short-term risk for future riches.

Key hearing on Detroit's historic bankruptcy begins in US court

Detroit made history nearly 14 months ago when it filed the biggest-ever Chapter 9 municipal bankruptcy. The confirmation hearing to determine if the city`s plan to exit bankruptcy is fair and feasible began on Tuesday and is scheduled to stretch through Oct. 17.

RBI chief Rajan calls for better bankruptcy laws

Reserve Bank of India (RBI) governor Raghuram Rajan on Wednesday said the country was in need of clearer procedures when companies go bankrupt and called for new rules to remedy the situation.

RBI working on system for exit by businesses facing bankruptcy

RBI has started working on an enabling system for banks that will help those entrepreneurs seeking an honourable exit from unattractive ventures.

IMF extends $14-18 bn rescue to Ukraine, tied to reforms

The IMF announced on Thursday a USD 14-USD 18 billion bailout for Ukraine to avoid bankruptcy but tied to painful and unpopular reforms amid the country`s escalating standoff with Russia.

China firm in landmark bond default to sell assets

The first company in China to default on a corporate bond said today it would sell assets in a bid to meet interest payments as possible bankruptcy looms.

No federal bailout seen for Detroit

The city filed for bankruptcy on Thursday, saddled with USD 18 billion in debt and a tax base depleted by decades of population loss and urban blight.

Detroit bankruptcy challenged in court

Saddled with more than USD 18 billion in debt and a shrunken tax base, the birthplace of the US auto industry has been so strapped for cash it can't even keep the streetlights on.