Bankruptcy

No respite for banks as bad loans hit record $146 billion

No respite for banks as bad loans hit record $146 billion

A review of Reserve Bank of India (RBI) data obtained through right-to-information requests shows banks' total stressed loans - including non-performing and restructured or rolled over loans - rose 4.5 percent in the six months to end-June.

Oct 11, 2017, 12:39 PM IST

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.

Aug 11, 2017, 16:04 PM IST
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.

 

Jun 14, 2017, 15:28 PM IST
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.

Aug 23, 2016, 20:25 PM IST
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.

Jul 28, 2016, 11:40 AM IST
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.

May 16, 2016, 15:25 PM IST
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.

May 05, 2016, 23:44 PM IST

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.

Jan 26, 2016, 20:17 PM IST

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.

Aug 31, 2015, 22:19 PM IST

Rapper 50 Cent says he`s broke after losing lawsuit

He calls himself 50 Cent, but the hip-hop mogul says he may not be worth even that.

Jul 14, 2015, 03:18 AM IST

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.

Jun 26, 2015, 00:56 AM IST
Lee Ryan files for bankruptcy

Lee Ryan files for bankruptcy

Singer Lee Ryan has become the fourth and final member of Blue to file for bankruptcy.

May 18, 2015, 13:45 PM IST

Man kills judge, 2 others on rampage through Milan courthouse

A trial defendant shot dead a judge and two others on Thursday on a rampage through a Milan courthouse, casting a harsh spotlight on public security measures that Italy tightened earlier this year.

Apr 09, 2015, 15:24 PM IST

Brazil builder with ties to Petrobras files for bankruptcy

Brazil builder OAS, which prosecutors accuse of involvement in the massive corruption scandal at state oil firm Petrobras, filed for bankruptcy protection for nine of its units Tuesday.

Apr 01, 2015, 07:37 AM IST

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.

Mar 13, 2015, 14:57 PM IST

Bailed-out Cyprus eyes return to normal borrowing this year

Cyprus hopes to borrow on financial markets this year, its finance minister told Reuters on Thursday, saying the island`s economy had more in common with bailout turnaround Ireland than Greece.

Mar 06, 2015, 06:03 AM IST

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.

Feb 10, 2015, 03:45 AM IST

Western powers say Libya risks bankruptcy as oil price falls

 The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if oil prices continue to fall.

Feb 07, 2015, 15:37 PM IST
Passion for acting helped me rise from bankruptcy: Big B

Passion for acting helped me rise from bankruptcy: Big B

Megastar Amitabh Bachchan has seen highs and lows in his journey from being Bollywood's "angry young man” to its "Shahenshah”. The actor says his determination and focus helped him emerge from the brink of bankruptcy.

Dec 14, 2014, 13:04 PM IST
Singer Ginuwine close to declaring bankruptcy

Singer Ginuwine close to declaring bankruptcy

R&B star Ginuwine is on the verge of bankruptcy, his lawyer has revealed.

Nov 11, 2014, 10:58 AM IST