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Wednesday, May 20, 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

Norway’s Modi cartoon was not satire. Just colonial laziness

Political satire is indispensable to democracy, racial caricature isn’t. If Europe’s liberal press still cannot tell difference, then decolonisation never happened in their imagination.

Waiver or no waiver, Russian crude remains centrepiece of India’s oil imports strategy

With Washington issuing a third 30-day waiver for Russian crude cargoes at sea, India signals continuity in import strategy while ramping up purchases from Venezuela and other suppliers.

Dragon’s armour: How Xi reshaped China’s military with theatre commands a decade before India’s push

While India yet to set in motion theaterisation of armed forces, China's military reforms combined China’s Army, Navy, Air Force and Rocket Force aimed at regional dominance & tight political control.

Pakistan is tactically brilliant, strategically disastrous. It’s primed for repeated blunders

Pakistan has ended up losing every war against India but that hasn’t prevented it from claiming victory. We will go over the evidence to anticipate what to expect next.