Page 7 - Bankruptcy

Shale pioneer Chesapeake Energy largest US oil producer to seek bankruptcy

The filing marks an end of an era for the Oklahoma City-based shale pioneer, and comes after months of negotiations with creditors

Cash-strapped Jet Airways gets seven new EoIs in fresh bidding round

The UK-based Kalrock Capital, Hyderabad-based Turbo Aviation, Alpha Airways and Canadian citizen Siva Rasiah have expressed interest in Jet and submitted EoIs

Rising bankruptcies among global retailers to hurt Indian IT firms

Retail majors JC Penney, Neiman Marcus and Aldo Group collectively owe $8.7 million to TCS, say bankruptcy filings

Latin America's LATAM Airlines files for bankruptcy protection in US

LATAM is the latest corporate victim of the coronavirus pandemic that has brought a virtual halt to air travel, joining Colombia's Avianca Holdings SA and Australia's Virgin Australia Holdings Ltd

Debt and coronavirus push Hertz Global Holdings into bankruptcy protection

By the end of March, Hertz Global Holdings Inc had racked up $18.7 billion in debt with only $1 billion of available cash

Rahul Bhatia-owned InterGlobe Enterprises eyes failed Virgin Australia

Virgin Australia entered bankruptcy administration two weeks back; May 15 is last date to lodge first offers

Bankruptcy court approves Neiman Marcus' plea to access financing

The Dallas-based retailer plans to cede control to creditors in exchange for eliminating $4 billion of debt. Its debt currently totals about $5 billion

Flattening the bankruptcy curve: Why IBC cases may surge post-lockdown

Shroff is in favour of introducing a new chapter to the Insolvency and Bankruptcy Code (IBC) with temporary provisions

Bidders jittery over coronavirus impact on bankrupt firms, seek legal help

Seek legal advice, want force majeure clause included in new contracts

As Covid-19 grips economy, firms uncertain about impact on bankruptcies

As far as filing insolvency applications goes, there could be a rise

Corporate India seeks to barricade brass from frauds, bankruptcy concerns

Demand for D&O policies on the rise as India Inc looks to protect its brass

Banks will have to pay a price if any telco files for bankruptcy: SBI chief

Rajnish Kumar said that SBI will not pass on the burden of the hike in premium of deposit insurance to its customers

Systemic change: Hits and misses of India's bankruptcy reforms code

IBC has had a carrot-and-stick effect - making companies serious about governance and bringing stuck capital back into the economy. It seems to be a work in progress, but the system is surely working

DHFL posts net loss of Rs 6,640 crore; interest income declines 34%

DHFL is the first financial services firm undergoing bankruptcy proceedings after the Centre notified the law on Nov 15

UVARCL, a Delhi-based company that's sweeping up bankrupt telcos

UVARCL's biggest bid so far, for Anil Ambani's firms, awaits CoC clearance

Dealing with debt default

In India, we have seen how major defaulters have decamped to safe havens with covert but full political support

Tribhovandas Bhimji Zaveri & Sons files for bankruptcy after NCLT order

TBZSR's creditors have been asked to submit their claims to the interim resolution professional by January 3

NBCC, Suraksha Realty place final bids to acquire Jaypee Infra

Lenders had asked both the suitors to sweeten their resolution plans and submit their bids by December 3. The final offer made by the two contenders could not be immediately ascertained

10,860 cases under IBC pending before NCLT at the end of Sept

The minister said that out of 18,782 cases filed under IBC, 2016 at the end of June 2019, 2,173 cases were admitted under the Code

RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT

DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion