bankruptcy
Over 16,000 suicides due to bankruptcy, 9,140 due to unemployment in 3 years
MoS for Home Nityanand Rai said 5,213 people committed suicide due to bankruptcy or indebtedness in 2020, 5,908 in 2019 and 4,970 in 2018
UK court grants bankruptcy reprieve to Vijay Mallya
The judge concluded that the legal cases being pursued by Mallya in India stood a reasonable prospect of success
Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution
The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said.
Govt to start DHFL's bankruptcy proceedings in latest shadow banking crisis
DHFL’s owes its lenders nearly 1 trillion rupees including several mutual funds, banks, pension funds, insurance firms and retail investors.
Essar leads corporate deleveraging; pays off Rs 1.4 lakh crore: Prashant Ruia
I think we were the first to get off the block and actually take some decisive steps to reducing leverage, said Essar's Prashant Ruia.
NCLAT allows Dutch court administrator to attend Jet Airways CoC meetings
One of the Jet Airways aircraft, parked in the Schiphol Airport in Amsterdam, has already been seized.
Jet Airways Employee Consortium, AdiGroup to bid for 75 pc of airline
The debt-laden company became went into bankruptcy on June 20.
Insolvency proceedings initiated against Jet Airways
Jet Airways owes more than Rs 8,000 crore to banks, and thousands of crores more in arrears to vendors, lessors and employees.
Jet Airways: Etihad's demands for open offer waiver, slots pledge not feasible: SBI
SBI-led consortium of 26 lenders had decided to seek resolution under IBC as they had received only a conditional bid.
RBI circular a welcome step; provides more freedom to bankers: IBA
RBI has given more freedom to bankers to bring their own resolve, said Indian Banks' Association chief Sunil Mehta.