Page 5 - Bankruptcy

Lenders to troubled Ballarpur Industries to meet on January 18

The company's net worth is negative as on the reporting date, and it continues to incur heavy losses

Sackler ruling could delay Purdue's payment of billions by years

In a surprise ruling on Thursday, US District Judge Colleen McMahon in Manhattan found that a bankruptcy judge overstepped his authority by approving the plan that gave the Sacklers immunity

RBI moves NCLT Mumbai for bankruptcy proceedings against Reliance Capital

In a statement on its website, RBI said there would be an interim moratorium on and from the filing of the application till its admission or rejection by the NCLT

LIVE: Existing restrictions and relaxations in WB to continue till Dec 15

All outdoor activities, including movement of people and vehicles shall continue to be prohibited between 11 pm to 5 am

MCA plans to set up a IBC21 portal with data on bankruptcy proceedings

The project will be headed by the Insolvency and Bankruptcy Board of India and executed by an external agency, along the lines of the MCA21 portal

Jaypee Infratech second quarter loss widens to Rs 613.87 crore

Its net loss stood at Rs 490.78 crore in the year-ago period

Pandora papers: A rich man's game, and its most willing participants

As an international consortium of journalists unearths the 'Pandora' list of stashes in tax havens, accountability becomes the call of the day. But what we get instead is hypocrisy, rues T N Ninan

Travel agents seek cash refund from bankrupt Italian airline Alitalia

The 74-year-old Italian airline Alitalia announced it will cease to fly from October 15

UK court declares Vijay Mallya bankrupt for Indian banks to realise debt

The Indian banks, represented by the law firm TLT LLP and barrister Marcia Shekerdemian, had argued for the bankruptcy order to be granted in favour of the Indian banks

Govt considers automatic route for creditors in IBC to speed up resolution

Such a move requires strengthening of information utility system: Official

Brooks Brothers post-bankruptcy comeback focuses on casual clothes

The company plans to launch an athleisure line, a product mix with other casual items and a mascot, Henry the Sheep

Half the cases closed under IBC end in liquidation, only 13% resolved

Haircut rises to 60% of lenders' claims in FY21

Unnecessary deviation

DHFL should not go back to its erstwhile promoter

On the verge of bankruptcy: How Cafe Coffee Day ground to a halt

After group company Sical Logistics was sent to NCLT, the listed company is next in queue

Coffee Day stares at bankruptcy as asset sale fails to make headway

According to an exchange filing, for the March quarter, CDEL's outstanding debt was Rs 280 crore

NCLT admits insolvency plea against Oyo unit, firm challenges it

OYO founder took to Twitter to clarify on rumours that the hotel aggregator chain had filed for bankruptcy

Govt likely to resume bankruptcy filings as halt set to end on March 25

Modi govt last year halted the process of initiating most fresh insolvency proceedings to insulate cash-strapped borrowers hit by the pandemic

Special insolvency relief framework for Covid-hit MSMEs in the works

Such firms may be allowed to opt for pre-packaged deal

Hertz set to ride out of bankruptcy with $4.2 bn from investment firms

"We've been...repositioning our business as we prepare for increased travel demand as the pandemic subsides," Chief Executive Paul Stone said

Texas power firm files for bankruptcy citing claims from grid operator

The fallout threatens utilities and power marketers, which collectively face billions of dollars in blackout-related charges, executives said