FM Jaitley orders ''immediate action'' towards implementation of Bankruptcy Code
Calling for time-bound implementation of the Insolvency and Bankruptcy Code (IBC) 2016, Finance Minister Arun Jaitley on Tuesday directed senior officials of his ministry to take "immediate action" on the key requirements of the legislation.
Aug 23, 2016, 20:25 PM ISTKylie Jenner is broke?
Reality TV star Kylie Jenner is reportedly on the verge of bankruptcy mainly due to bad investment in her cosmetic line.
Jul 28, 2016, 11:40 AM ISTMeet ROSS, world's first 'RoboLawyer' who'll look after bankruptcy!
The machine is designed to understand language, provide answers to questions, formulate hypotheses and monitor developments in the legal system.
May 16, 2016, 15:25 PM ISTLok Sabha passes Insolvency and Bankruptcy Bill
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May 05, 2016, 23:44 PM ISTJPMorgan Chase pays $1.42 bn to settle most of Lehman Bros suit
JPMorgan Chase has agreed to pay USD 1.42 billion to settle most of the litigation relating to the bankruptcy of Lehman Brothers, according to court documents.
Jan 26, 2016, 20:17 PM ISTSBI says bankruptcy code can't solve all problems for banks
State Bank of India (SBI) Monday raised questions over the bankruptcy code being readied by the government, citing past experiences, while stressing on the need for a change in the overall 'ecosystem' to tide over the problem of bad loans.
Aug 31, 2015, 22:19 PM ISTSole US rare-earths miner Molycorp files for bankruptcy
Molycorp, the sole US miner and producer of rare earth elements crucial in high-tech manufacturing, filed for bankruptcy protection on Thursday as it struggles with a mountain of debt.
Jun 26, 2015, 00:56 AM ISTCyprus won`t need full EU bailout package: minister
Cyprus will not need all of the 10-billion-euro bailout it received in 2013 as its economy recovers faster than expected, the country`s finance minister told AFP.
Mar 13, 2015, 14:57 PM ISTRadioShack gets court approval for interim bankruptcy loan
Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores.
Feb 10, 2015, 03:45 AM ISTJudge in Apple supplier's bankruptcy questions need for secrecy
The judge overseeing the mysterious bankruptcy of an Apple Inc sapphire supplier on Wednesday voiced skepticism over requests for secrecy and compared the iPhone maker to a demanding homeowner unhappy with how a construction project turned out.
Oct 16, 2014, 12:03 PM ISTGT Advanced bankruptcy offers warning to Apple suppliers
The financial implosion of Apple Inc supplier GT Advanced Technologies Inc this week offers a dramatic illustration of how the iPhone maker can put the screws to suppliers willing to take a short-term risk for future riches.
Oct 09, 2014, 00:53 AM ISTKey hearing on Detroit's historic bankruptcy begins in US court
Detroit made history nearly 14 months ago when it filed the biggest-ever Chapter 9 municipal bankruptcy. The confirmation hearing to determine if the city`s plan to exit bankruptcy is fair and feasible began on Tuesday and is scheduled to stretch through Oct. 17.
Sep 03, 2014, 05:59 AM ISTRBI chief Rajan calls for better bankruptcy laws
Reserve Bank of India (RBI) governor Raghuram Rajan on Wednesday said the country was in need of clearer procedures when companies go bankrupt and called for new rules to remedy the situation.
Aug 14, 2014, 09:37 AM ISTRBI working on system for exit by businesses facing bankruptcy
RBI has started working on an enabling system for banks that will help those entrepreneurs seeking an honourable exit from unattractive ventures.
Jul 23, 2014, 15:26 PM IST