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Scandinavian Airlines files for bankruptcy in US as 1,000 pilots walk-out

SAS said that its operations and flight schedule will be unaffected by the announcement.

Scandinavian airline SAS filed for Chapter 11 to tackle its debt burden.(Bloomberg)
Scandinavian airline SAS filed for Chapter 11 to tackle its debt burden.(Bloomberg)
Published on Jul 06, 2022 12:01 AM IST
AP | , Copenhagen

India plans to suspend new bankruptcy filings for a year

Finance Minister Nirmala Sitharaman announced the plan Sunday as part of her speech to revive economic activity.

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman during the third briefing detailing the Centre’s economic stimulus package at National Media centre in New Delhi, India on Friday May, 15, 2020.(Sonu Mehta/HT PHOTO)
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman during the third briefing detailing the Centre’s economic stimulus package at National Media centre in New Delhi, India on Friday May, 15, 2020.(Sonu Mehta/HT PHOTO)
Published on May 17, 2020 02:40 PM IST
Bloomberg | ByBloomberg | Posted by Harshita Singh

Bankruptcy cases boom in India, but just 26 judges to hear them

A streamlined bankruptcy process is crucial for Prime Minister Narendra Modi’s attempts to come to grips with a simmering banking crisis.

A streamlined bankruptcy process is crucial to solve India’s banking crisis that is hurting the economy.(Bloomberg)
A streamlined bankruptcy process is crucial to solve India’s banking crisis that is hurting the economy.(Bloomberg)
Updated on Apr 25, 2018 02:18 PM IST
Bloomberg | ByUpmanyu Trivedi and Anto Antony, Bloomberg
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