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The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

Stressed assets resolution: RBI mulls giving 60 days additional time...

Against backdrop of the Supreme Court quashing an RBI circular, a revised set of rules would be released soon.

25 April 2019 2:24 PM

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

SC order on RBI circular negative for banks, may defer debt resolution

Moody's said the resolution of stressed loans impacted by the circular will be further delayed.

2 April 2019 2:12 PM

Supreme Court of India. (Photo: Representational Image)

SC quashing RBI circular to give relief to power cos but delay...

"It's early to say but if banks voluntarily still invoke IBC - the impact will be minimal," said Cyril Shroff of Cyril...

2 April 2019 12:13 PM

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Jet Airways Employee Consortium, AdiGroup to bid for 75 pc of airline

The debt-laden company became went into bankruptcy on June 20.

28 Jun 2019 11:36 AM

Sources at the National Aviators Guild (NAG), the pilots union of Jet Airways, said the bond requirement has been communicated to the junior pilots. (Photo: Representational/PTI)

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...

23 Jun 2019 10:41 AM

State Bank of India

Jet Airways: Etihad's demands for open offer waiver, slots pledge not...

SBI-led consortium of 26 lenders had decided to seek resolution under IBC as they had received only a conditional bid.

21 Jun 2019 2:33 PM

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

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.

8 Jun 2019 9:29 AM

File photo of a Jet Airways flight.

NCLAT allows Dutch court administrator to attend Jet Airways CoC...

One of the Jet Airways aircraft, parked in the Schiphol Airport in Amsterdam, has already been seized.

26 Sept 2019 7:00 AM

A total of 23,855 suicides were reported in the 53 mega cities of the country in 2020. (Photo: Representational Image)

Over 16,000 suicides due to bankruptcy, 9,140 due to unemployment in 3...

MoS for Home Nityanand Rai said 5,213 people committed suicide due to bankruptcy or indebtedness in 2020, 5,908 in 2019...

9 Feb 2022 9:35 AM

Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

RCom in talks with Ericsson to settle dues outside NCLT

Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom.

18 May 2018 10:33 AM

Cambridge Analytica, whose clients included Donald Trumps 2016 presidential campaign, sought information on Facebook users to build psychological profiles on a large portion of the US electorate. (Photo: AFP)

Cambridge Analytica files for voluntary bankruptcy in US: court

It filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.

18 May 2018 8:22 AM

Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

RCom shares in demand after NCLAT stays bankruptcy proceedings

The stock jumped 19.14 per cent to Rs 20.85 on BSE. At NSE, shares of the company zoomed 20 per cent to Rs 21.

31 May 2018 8:03 AM