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Saturday, November 1, 2025
TopicLiquidation

Topic: Liquidation

SC orders liquidation of grounded air carrier Jet Airways’ assets

New Delhi: The Supreme Court on Thursday exercised its extraordinary constitutional powers and ordered the liquidation of grounded air carrier Jet Airways' assets. A bench...

Defunct assets, robust economy — why cases under IBC are stretching ever longer & yielding less

Data from Insolvency & Bankruptcy Board of India shows time taken to come up with a resolution plan is 2.5 times what it was 4 yrs ago. Recoveries are only about 1/3 of claim amounts.

With over $300 billion in debt, Hong Kong court orders liquidation of China’s Evergrande Group

While court order reportedly has recognition in some parts of China, the question is how far would Chinese courts recognise attempts to seize assets of indebted property developer.

‘Can’t sell ice to Eskimos:’ US fast-food chain Domino’s liquidates pizza business in Italy

Domino’s had entered the Italian market in 2015 through a franchising deal with local company, ePizza SpA. In a country used to thin-crust margheritas, Domino's unsuccessfully marketed pineapple and barbecue toppings.

SC allows ArcelorMittal & NuMetal to bid for Essar provided they clear their dues in 2 weeks

The top court held both firms ineligible under amended Insolvency and Bankruptcy Code but granted them a fresh opportunity.

On Camera

Why is going to law school so popular again?

In a recent survey of law school admissions officers, 94% said the current political climate in the US played at least a moderate role in the increase.

Consumer Price Index gets up to date. Airfare, OTT plans, e-commerce prices in new basket—MoSPI secy

New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.

Joint production, closer ties, emerging tech: The foundation of new defence pact between India & US

The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.