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Friday, March 29, 2024
TopicBankruptcy

Topic: bankruptcy

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.

Vijay Mallya faces bankruptcy over Rs 10,600 crore unpaid debts

12 Indian banks have taken Vijay Mallya to a London court in what lawyers have described as ‘the end of the road’ in their long-running battle.

Godfather ‘horse head’ mansion where Kennedys honeymooned enters bankruptcy protection

The Beverly Hills house sits on 3.7 acres and includes a 50-foot entry hall, a living room with 22-foot detailed ceilings, a billiards room, 19 bedrooms, and an art-deco nightclub.

Anil Ambani, 4 others resign from bankrupt Reliance Communications

The resignations come as Reliance Communications faces insolvency proceedings under the Insolvency and Bankruptcy Code.

Thomas Cook collapse in UK hits shares of Indian company it once owned

Stocks of Thomas Cook India, once owned by the London-based Thomas Cook Group, plummeted despite several statements & ads clarifying the separation of the firms.

Anil Ambani’s GCX Ltd files for bankruptcy after defaulting on payment on $350 million bonds

GCX Ltd, which owns the world’s largest private undersea cable system, is the latest among Anil Ambani’s companies to file for bankruptcy in the past year.

Modi govt’s move to amend bankruptcy law is bold and necessary

The changes proposed by Modi govt are bold, practical & badly needed for India to turn the page on a brutal and long downward phase in its credit cycle.

NCLTs, meant to resolve the bad debt mess in days, are understaffed and overburdened

The NCLTs have helped resolve insolvency & bankruptcy proceedings involving more than Rs 80,000 crore in 2018, but many big-ticket cases drag on.

Jet Airways lenders to start bankruptcy proceedings after banks give up revival bid

The once largest private sector airline stopped flying on 17 April and unpaid lenders took away most of its 100-odd operational airplanes.

Anil Ambani’s RCom enters bankruptcy again in an attempt to sell its assets

The National Company Law Appellate Tribunal lifted interim orders on Reliance Communications that temporarily halted the bankruptcy case.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.