bankruptcy

Govt promulgates ordinance to amend insolvency law

Govt promulgates ordinance to amend insolvency law

Default on repayments from March 25, the day when the nationwide lockdown began to curb coronavirus infections, would not be considered f...Read More

Post-bankruptcy phase: JC Penney to close 154 stores by next week

Post-bankruptcy phase: JC Penney to close 154 stores by next week

JC Penney said Thursday that it will start closing 154 of its stores next week in what it is calling the first phase of its efforts to sh...Read More

USA Rugby to file for bankruptcy as a result of ‘insurmountable financial constraints’ due to COVID-19 crisis

USA Rugby to file for bankruptcy as a result of ‘insurmountable financial constraints’ due to COVID-19 crisis

According to the United States Courts website, a case filed under chapter 11 of the United States Bankruptcy Code is frequently referred ...Read More

Centre standing on brink of bankruptcy, says Yashwant Sinha

Centre standing on brink of bankruptcy, says Yashwant Sinha

Ahmedabad: Former BJP leader Yashwant Sinha on Saturday said the Central government was on the "brink of bankruptcy" due to the economic ...Read More

Tribhovandas Bhimji Zaveri clarifies after misleading bankruptcy claim

Tribhovandas Bhimji Zaveri clarifies after misleading bankruptcy claim

Many mistook one company for another, finally forcing TBZ to issue a statement of clarification

City's only kids' hospital ailing due to cash crunch, may shut down

City's only kids' hospital ailing due to cash crunch, may shut down

Mumbai: The only dedicated hospital for children in the city, the 91-year-old Bai Jerbai Wadia Hospital, Parel, is likely to shut down as...Read More

IL&FS blow: Number of bankrupt real estate developers doubles

IL&FS blow: Number of bankrupt real estate developers doubles

Since the collapse of the key non-banking financial company (NBFC), as many as 421 real estate developers entered bankruptcy court by the...Read More

Forever 21 files for bankruptcy

Forever 21 files for bankruptcy

The privately held company based in Los Angeles says it will close up to 178 stores. The company once had more than 800 stores in 57 coun...Read More

Suzlon Energy dives by 9% even as company denies reports of filing for bankruptcy

Suzlon Energy dives by 9% even as company denies reports of filing for bankruptcy

Mumbai: Troubled renewable energy solutions provider Suzlon on Monday denied reports suggesting that it has filed for bankruptcy and will...Read More

American fashion retailer Forever 21 files for bankruptcy, says will close up to 178 Stores

American fashion retailer Forever 21 files for bankruptcy, says will close up to 178 Stores

American fashion retailer Forever 21 has filed for bankruptcy, adding that it planned to "exit most international locations in Asia and E...Read More

SC quashes Jignesh Shah bankruptcy orders

SC quashes Jignesh Shah bankruptcy orders

The Supreme Court on Wednesday struck down the orders of the Mumbai Bench of the National Company Law Tribunal to force the closure of hi...Read More

Thomas Cook goes bust, 600,000 being airlifted

Thomas Cook goes bust, 600,000 being airlifted

The 178-year-old debt-plagued group, which had struggled against fierce online competition for some time and blamed Brexit uncertainty fo...Read More

One of the unit of Anil Ambani's Reliance Communications files for bankruptcy: Report

One of the unit of Anil Ambani's Reliance Communications files for bankruptcy: Report

The former billionaire's Reliance Communications itself fell back into bankruptcy earlier this year. This Move came after they missed A p...Read More

Taking Jammu and Kashmir issue to UNHRC shows Pakistan's bankruptcy: Harish Salve

Taking Jammu and Kashmir issue to UNHRC shows Pakistan's bankruptcy: Harish Salve

"The safety and security of its people is the responsibility of every constitutional government, and Pakistan's frustration

Will the big bank theory really work?

Will the big bank theory really work?

Can merely merging 10 banks by dumping six financially tottering banks on four relatively viable ones make the four banks stronger or wea...Read More

Anil Ambani's Reliance Marine to face insolvency proceedings

Anil Ambani's Reliance Marine to face insolvency proceedings

Reliance Marine and Offshore (RMOL), a subsidiary of the Anil Ambani-controlled Reliance Naval and Engineering is under insolvency procee...Read More

Mukesh Ambani's Reliance Industries may bid for Anil Amabani's RCom in bankruptcy

Mukesh Ambani's Reliance Industries may bid for Anil Amabani's RCom in bankruptcy

According to highly placed sources, Reliance Jio plans to submit the bid for the assets of RCom that will come up for sale during the ins...Read More

Is Anil Ambani planning to sell assets worth Rs 21,700 crore?

Is Anil Ambani planning to sell assets worth Rs 21,700 crore?

Anil Ambani's major business interests in entertainment include 44 FM radio stations, nationwide DTH business, animation studios, and sev...Read More

Billionaire to Bankruptcy! Tracing Anil Ambani’s loan-ly fall from dizzying heights

Billionaire to Bankruptcy! Tracing Anil Ambani’s loan-ly fall from dizzying heights

In a media conference, Anil Ambani revealed that more than Rs 35,000 crore of loans have been paid back in the last 14 months.

John Kapoor-founded Insys Therapeutics files for bankruptcy in US

John Kapoor-founded Insys Therapeutics files for bankruptcy in US

Insys Therapeutics has filed for bankruptcy, a month after its India-born founder and four other former executives were convicted of brib...Read More

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