Page 4 - Bankruptcy

Top headlines: RBI tries to shore up rupee; DGCA notice to SpiceJet

Union ministers Mukhtar Abbas Naqvi and R C P Singh submitted their resignations to Prime Minister Narendra Modi on Wednesday, a day before the completion of their Rajya Sabha term, sources said.

Vijay Mallya pursues attempts to overturn bankruptcy order in UK court

At a case management hearing at the Chancery Division of the High Court in London on Monday, Justice Tom Leech concluded that a set of interlinked hearings in the matter would be heard together.

IBBI releases discussion paper aimed at improving value of stressed assets

Proposals call for marketing strategy where total claims exceed Rs 100 cr; creditors can also propose steps to market stressed assets

Insolvency regulator working to bring mediation in insolvency cases

A source privy to IBBI's discussion said mediation might address the issue of courts delaying the insolvency process.

Elon Musk says he's worried about keeping Tesla out of bankruptcy

Musk engaged in hyperbole elsewhere in the interview, and he may have been doing so when mentioning the risk of bankruptcy

Reliance considers buying out cosmetic firm Revlon in US: Report

The report comes as Revlon filed for bankruptcy earlier this week after global supply chain disruptions drove up raw material costs and prompted vendors to demand upfront payments

Top headlines: China lockdown impacts TaMo; Revlon files for bankruptcy

Business Standard brings you the top headlines on Thursday

Revlon Inc files for bankruptcy amid high debt, supply chain pain

Revlon Inc. filed for Chapter 11 bankruptcy, unable to manage its heavy debt load amid the supply chain crunch and steep inflation

Cosmetics maker Revlon, in $3.31 bn debt, nears bankruptcy filing: Report

The lipstick maker began talks with lenders ahead of looming debt maturities to try to steer the business clear of bankruptcy, a report said

Jayaswal Neco case to help bankrupt cos, lenders to resolve debt faster

Lenders may sign out-of-court settlements with other bankrupt companies, ARCs

Fuel price hike was necessary to avoid bankruptcy, says Pak PM Shehbaz

Pakistan PM Shehbaz Sharif said his government's move to increase fuel prices was necessary to avoid the country from facing bankruptcy

Google's Russian subsidiary to file for bankruptcy after bank a/c seized

Google says its Russian subsidiary is planning to file for bankruptcy because it can't pay staff and suppliers.

Tennis star Boris Becker jailed for 2.5 years over bankruptcy dishonesty

Becker, a three-time Wimbledon winner, was accused of "deliberately and dishonestly" putting funds out of reach of creditors.

Indian lenders worried over Future group's diminishing asset base

Future group shares crash as bankruptcy looms, putting entire shareholders' wealth at risk

State Bank of India seeks accountability on Future Retail store takeovers

Lenders have charge of inventory, exec says on RIL taking possession of some stores

Alex Jones' Infowars files for bankruptcy amid Sandy Hook lawsuits

Each estimated liabilities of as much as $10 million, according to court filings. Chapter 11 filings allow a business to keep operating while working on a turnaround plan

Jet Airways plans to return with a mix of premium, no-frills services

The consortium infused Rs 500 million into Jet Airways 2.0 -- as it is dubbed by the new owners -- in January, and lenders have said they don't object to an extension of 60 days.

ABG Shipyard's debt conversion in bankruptcy case adhered to rules: Banks

The CBI, which examined top executives of ICICI Bank last week, is expected to call officials of some public sector banks in the coming week

Lenders expect to close Jaypee Infratech's debt resolution by March

Firm likely to go to Suraksha Realty, which made winning bid of Rs 7,736 crore as against govt-owned NBCC India's Rs 6,536 crore offer last June

Over 16,000 committed suicide due to bankruptcy in 3 years: Govt

9,140 people ended their lives due to unemployment between 2018 and 2020