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Friday, August 1, 2025
TopicBankruptcy

Topic: bankruptcy

Hasan Nawaz Sharif goes bankrupt in London. PTI supporters say ‘check Swiss bank accounts’

The son of former Pakistan prime minister Nawaz Sharif has been declared bankrupt by the High Court of Justice in London over unpaid tax liabilities.

Insolvency and Bankruptcy Board of India celebrates 8th Annual day

Former Justice Ramalingam Sudhakar was the Chief Guest and G20 Sherpa Amitabh Kant delivered a lecture at the celebrations.

Cosmetics giant The Body Shop files for bankruptcy, closing all US stores and dozens of Canadian locations

The Body Shop, founded in 1976 by human rights activist and environmental campaigner Anita Roddick, as one of the first companies to prohibit testing on animals for many of its products.

NCLAT upholds insolvency proceedings against cash-strapped Go First

National Company Law Tribunal will decide whether lessors who terminated their leases before the bankruptcy proceedings began can repossess their aircraft.

Vice Media files for bankruptcy as ad business suffers

The bankruptcy filing is a fallout of a challenging period for many tech & media companies that have been cutting costs to survive a weak advertising market amid slowing economic growth.

Cash-strapped Go First airline gets bankruptcy protection, NCLT orders moratorium on leases

This is the first time an Indian airline has voluntarily sought bankruptcy protection to renegotiate contracts and debt.

NCLT to decide on Go First bankruptcy, lessors seeking planes fear impact

If the tribunal admits Go First's plea, it will lead to the appointment of a new resolution professional who will take over management to revive the airline run by Wadia Group.

Go First crisis could drive up airfares, be ‘silver lining’ for rival airlines

As aviation stocks soar after Go First's 'surprise' decision to file for bankruptcy, experts say move expected to significantly benefit other players such as Indigo, SpiceJet & Air India.

Go First customers, employees left in the lurch as flights remain grounded

Twitter handle of airline shows a flood of queries related to status of flights from 6 May onwards as well as refund process & timelines. Employees worried about their future.

IndiGo shares surge over 8% after smaller rival Go First files for bankruptcy

Cash-strapped airline Go First filed for bankruptcy on Tuesday, blaming ‘faulty’ Pratt & Whitney engines for grounding of about half its fleet and taking lenders by surprise.

On Camera

Trump tariff forces India to shed illusion. Stop conflating status with power

India’s future lies in pragmatism. Protectionism must be phased out gradually, not in disruptive shocks.

Sudden hike in Haryana circle rates is 2nd since Dec; stamp duty as high as 145% in parts of Gurugram

Gurugram: In an action that will significantly impact the value of property transactions in Haryana, Chief Minister Nayab Singh Saini has approved revised collector rates,...

India to get last of Spain-built C-295 next month, focus now on 1st India-made aircraft

New Delhi: The last of the C-295 transport aircraft that is replacing the ageing Avro fleet of the Indian Air Force (IAF) will be...

Modi’s Bharat vs Indira’s India: 11-yr report card of politics, diplomacy, economy, nationalism

As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.