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Saturday, April 20, 2024
TopicBankruptcy

Topic: bankruptcy

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.

Low IBC recoveries are a worry. But solutions lie in cutting court delays, not blaming CoC

Revisiting commercial decisions taken by the Committee of Creditors (CoC) increases uncertainty in the IBC process.

Crypto exchange FTX to start US bankruptcy proceedings, CEO Sam Bankman-Fried resigns

The distressed cryptocurrency trading platform has been struggling to raise billions in funds to stave off collapse while coming under heightened regulatory scrutiny.

On Camera

Iran-Israel conflict will now be shaped by 3H—Houthis, Hamas, Hezbollah

Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.

CBDT signs record 125 Advance Pricing Agreements, 31% more than last year

The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.

Vice Admiral Dinesh Kumar Tripathi to take over as Chief of the Naval Staff

He has been the chief of personnel and the flag officer commanding-in-chief, Western Naval Command, in the rank of vice admiral.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.