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Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Operational creditors suffer 58 per cent haircut

The operational creditors took a haircut of 58 per cent on the total claims of around Rs 8,140 crore.

20 Jun 2019 1:42 AM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

IBBI notifies regulations for probe under bankruptcy code

Investigation authority has to serve a notice intimating the entity concerned about the probe at least ten days in...

16 July 2017 12:36 PM IST

The new law mandates a 180-day deadline to resolve cases.

First test of India's new bankruptcy law offers cautionary tale

World Bank estimated it took 4.3 years on average in India to resolve insolvency under the old laws.

11 July 2017 10:41 AM IST

Economic Affairs Secretary Shaktikanta Das. (Photo: ANI/Twitter)

Bill soon to tackle bankruptcy in financial sector: Das

Insolvency and Bankruptcy law that has been enacted deals with the corporate sector, LLPs and partnership firms.

9 Feb 2017 3:05 PM IST