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Monday, Dec 05, 2022

bankruptcy

BANKRUPTCY NEWS

Collapsed Crypto Exchange FTX Could Owe More Than 1 Million Creditors

November 16, 2022 12:30 pm

Alameda is among more than 100 related corporate entities that joined FTX in the bankruptcy filing Friday.

Court ruling on IBC creates uncertainty in admission of cases. Timelines envisaged in code must be adhered to

July 23, 2022 9:27 am

In large measure, the success of the IBC was in its attempt to transform the credit culture in the country.

Cosmetics giant Revlon is preparing to file for bankruptcy

June 11, 2022 3:37 pm

Revlon has more than $3 billion of long-term debt, and has narrowly averted multiple defaults by cutting debt deals with creditors.

International conference on insolvency, bankruptcy: Minister says IBC provided effective ecosystem for insolvency resolution

May 02, 2022 10:30 am

As per a release issued by IIMA, in his inaugural address, Singh cited that the Code has assumed larger significance during the Covid-19 pandemic and has been instrumental in saving both lives and livelihoods.

UK High Court declares Vijay Mallya bankrupt for Indian banks to realise debt

July 27, 2021 8:30 am

The 65-year-old businessman, meanwhile, remains on bail in the UK while a "confidential" legal matter, believed to be related to an asylum application, is resolved in connection with the unrelated extradition proceedings.

Vijay Mallya has applied for 'another route' to stay in the UK, says lawyer

January 23, 2021 2:45 am

The UK Home Office has so far only confirmed on background that a confidential legal process remains ongoing before the extradition order can be executed.

Lord & Taylor files for bankruptcy in latest retail casualty of coronavirus pandemic

August 03, 2020 11:17 am

Lord & Taylor opened its flagship store on Manhattan's Fifth Avenue in 1914, and became known for upscale fashion and its holiday window display.

2019: The year Indian business tycoons faced bankruptcies, jail and death

December 31, 2019 12:16 pm

Here are some of the country’s biggest and most-storied businessmen who saw their fortunes fade.

Individual insolvency to begin soon: IBBI Chairman

August 10, 2019 1:06 am

“We are going to commence individual insolvency and start with the insolvency resolution of personal guarantors to corporate debtors. It is difficult to give a timeline, but it will happen very soon,” he said at an event on “Financial Distress, Bankruptcy and Corporate Finance” held at the Indian Institute of Management-Ahmedabad (IIM-A).

It’s broke, fix it

September 21, 2018 12:10 am

The IL&FS trouble exposes the weakness in financial regulatory architecture. Reforms are called for

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