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Tuesday, April 28, 2026
TopicBankruptcy

Topic: bankruptcy

Can a cooperative society buy a company in the middle of insolvency proceedings? SC clarifies

New Delhi: Can a cooperative society buy or invest in a company during insolvency proceedings under the Insolvency and Bankruptcy Code (IBC)? Yes, said the...

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.

On Camera

Bengal once had arenas for identity battles—stadiums, football, jerseys. Now it’s polling booths

From Mohun Bagan and East Bengal to Mohammedan Sporting, footbclubs once shaped identity, pride and belonging across Bengal’s social fabric. Now, the political field has taken over.

As govt weighs mandatory silver hallmarking, new report flags economic & operational bottlenecks

Koan Advisory report warns that infra gaps could hurt small businesses and artisans, recommends transition period of 3-5 yrs for industry to adapt.

What theaterisation could look like: Rotational CDS, three-star theatre commanders in initial years

The proposed structure envisions the post of Chief of Defence Staff (CDS) rotating between the Army, Navy and Air Force, it is learnt.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.