Bankruptcy

Retailer Forever 21 to file for bankruptcy, close 178 US stores

Fast-fashion retailer Forever 21 Inc filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have succumbed to the onslaught of online sellers such as Amazon.com Inc and ever-changing fashion trends.

Sep 30, 2019, 22:05 PM IST

NCLAT allows promoters to regain control of firms at liquidation stage

In the liquidation case pertaining to Sterling Biotech, the NCLAT has set aside a bankruptcy court order to liquidate a debt-ridden company while allowing its promoters to take back control of the firm after making full payment to the lenders.

Sep 04, 2019, 15:26 PM IST

Finally, Jet Airways lands in NCLT as banks give up revival bid

The once largest private sector airline, started over 25 years ago by airline-ticketing-agent-turned-entrepreneur Naresh Goyal, stopped flying on April 17 after it ran out of cash and the unpaid lessors took away most of its 100-odd operational airplanes.

Jun 18, 2019, 13:21 PM IST

IBBI invites comments from public on regulations notified under Insolvency and Bankruptcy Code

The IBBI has evolved a transparent and consultative process to make regulations.

May 02, 2018, 00:30 AM IST

The Harvey Weinstein Company declares bankruptcy

The allegations against Harvey Weinstein, first documented by the New York Times on October 5, tipped the company into a death spiral. 

Mar 20, 2018, 18:12 PM IST

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

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

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?

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!

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

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

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