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bankruptcy court news

Hooters prepares for potential bankruptcy amid closure of stores

Hooters is collaborating with the law firm Ropes & Gray to prepare for a filing
business
Updated on Feb 22, 2025 04:27 am IST

Texas judge halts The Onion's winning bid for Alex Jones' Infowars network

Alex Jones has been furious about the exact procedure since the satirical news site's winning bid was revealed on Thursday.
us news
Updated on Nov 15, 2024 03:05 pm IST

How tweaks in IBC and partial credit guarantee scheme affect real estate sector

The Union Cabinet on Wednesday approved key amendments to the Insolvency and Bankruptcy Code (IBC) Bill. (Photo by Sunil Ghosh / Hindustan Times)
real estate
Updated on Dec 12, 2019 11:49 am IST

Allahabad Bank reports $259 million alleged fraud by Bhushan Power & Steel

The Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month.
business
Updated on Jul 14, 2019 09:23 am IST

Forensic audit detects 38 billion rupee fraud, says Punjab National Bank

Bhushan Power and Steel, one of India’s most indebted companies, was among the first 12 companies referred by the RBI India to a bankruptcy court for a debt resolution process under India’s new insolvency law.
business
Updated on Jul 07, 2019 10:33 am IST

$190 billion bank loan clean-up needed as PM Modi looks to revive growth

Potential bidders have also become wary of India’s evolving insolvency process after court rulings in the past year allowed late bids to be considered in the interest of greater recovery.
business
Updated on Jun 06, 2019 03:35 pm IST

Govt, RBI will have to bring new rules: Amitabh Kant on SC order on NPA circular

NITI Aayog CEO Amitabh Kant addresses a press conference, in New Delhi.
business
Updated on Apr 03, 2019 04:51 pm IST

Reliance Communications goes to bankruptcy court

Reliance Communications Ltd (RCom) on Friday said it will seek fast track resolution through National Company Law Tribunal.
business
Updated on Feb 02, 2019 12:29 pm IST

India considers option of selling debt-ridden lender

The Serious Fraud Investigation Office this month started an investigation into IL&FS.
business
Published on Oct 30, 2018 04:31 pm IST

Deadline to restructure $52 billion loan may push dozens of companies into bankruptcy

The step is an attempt by the RBI to clean up banks that are suffering from the world’s worst bad-loan ratios after Italy.
india news
Updated on Aug 27, 2018 06:55 pm IST

Over 20 banks sign pact for faster resolution of bad loans

Top lender State Bank of India was among banks which signed the agreement.
business
Published on Jul 23, 2018 06:55 pm IST

Over 20 Indian banks sign pact for faster bad-loan resolution

Sunil Mehta, chief executive officer of India's Punjab National Bank (PNB), gestures during an interview with Reuters at his office.
business
Updated on Jul 23, 2018 07:26 pm IST

Fear of losing company making firms pay up, says chairman of new bankruptcy board

Companies facing bankruptcy petitions have reportedly cleared dues of as much as ₹830 billion ($12 billion) with creditors, MS Sahoo, chairman of the IBC, said in an interview.
business
Updated on Jul 10, 2018 12:01 pm IST

Lavasa, a billionaire’s folly, becomes a nightmare for Indian bankers

Ajit Gulabchand, chairman of Hindustan Construction Co., poses for a photograph in Mumbai on May 18.
business
Updated on Jun 19, 2018 01:34 pm IST

Banks to liquidate insolvent assets if bid prices are low, says Rajnish Kumar

“It is important that we give a message that if potential bidders are trying to suppress the values, then banks are not going to accept it,” Rajnish Kumar, chairman of State Bank of India
business
Updated on May 07, 2018 04:01 pm IST

Lanco Infratech to file for potential liquidation

Screegrab: www.lancogroup.com
business
Published on May 03, 2018 06:10 pm IST

Hindustan Construction sinks 25% on Lavasa default

Hindustan Construction Company declined 24.84% at the end of Thursday’s trade.
business
Published on May 03, 2018 04:19 pm IST

Govt pushes public sector banks to find own funding sources after $32 billion bailout

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asia’s third-biggest economy.
business
Updated on Apr 02, 2018 10:26 pm IST
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