Monday, 17 January, 2022
TopicBankruptcy

Topic: bankruptcy

Govt braces for rise in Covid-related bankruptcy cases come April, banks on ‘prepackaged’ deals

Parliamentary Standing Committee on Finance chairman Jayant Sinha says prepackaged bankruptcy and efficient solutions for MSMEs are policy areas in consideration.

Why bankrupt DHFL’s ordinary FD holders will lose more money than banks that supported it

DHFL’s committee of creditors has approved Piramal Capital’s offer of around Rs 37,000 crore for the company, which has a debt of nearly Rs 85,000 crore.

Vijay Mallya denied permission to appeal against UK court order in bankruptcy case

Mallya had filed a renewed application to appeal against UK court orders in the case from last year, which had allowed for an adjournment of bankruptcy proceedings.

Pakistan’s PIA tops list of airlines that are close to shutting down due to Covid crisis

Airlines in jurisdictions where there is scant support from up high are most likely to go bust, according to an analysis by Bloomberg News.

Off The Cuff with Arvind Panagariya

Arvind Panagariya, Professor, Columbia University & Former Vice Chairman, NITI Aayog was the guest in the latest digital edition of Off the Cuff. In a...

SBI-led bank lenders rush to be included in $19 billion recovery case of past dues from telecos

In a plea to SC, lenders said any move to ban bankrupt companies such as Aircel & RCom from selling airwaves, leased from govt, will sink their insolvency resolution process.

‘Material Adverse Change’ – How Covid crisis threatens to disrupt India’s bankruptcy process

If wranglings around MAC drag on in tribunals and courts, India’s appeal may fade amid an oversupply of distressed assets everywhere.

Financial markets no longer know how to define ‘safe’

Bears & financial doomsday preppers were ridiculed during bull market. They haven’t been vindicated, but people’s perception of risk has been forever altered.

While fighting COVID-19, India must reduce bankruptcies, bring cash transfers & tax reliefs

Coronavirus crisis in India must be fought with unique strength of democracy – adaptability.

Vodafone Idea has 6 options to save itself. But none of them look good

Vodafone Idea has to pay the govt Rs 28,000 crore by 17 March but it is struggling with mounting losses and debt and has few options.

On Camera

YourTurn

RBI proposes changes to valuation of bank investments, relaxing of investment class rules

A Reserve Bank of India discussion paper Friday suggested removing caps on the Held-To-Maturity class of securities, and allowing more types of instruments to be held within them.

Defence

A visual from the crash site in Tamil Nadu. | Photo: Twitter/ANI

CDS chopper crash was caused by weather change, leading to Controlled Flight Into Terrain: IAF

In Friday statement, IAF says tri-service Court of Inquiry ruled out mechanical failure, sabotage or negligence as cause of accident involving Mi-17 V5 helicopter last month.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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