Bankruptcy
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UP Police files FIR against Ansal Group for cheating, criminal conspiracy following CM Yogi's orders
Uttar Pradesh | Mar 04, 2025, 11:55 PM ISTThe Uttar Pradesh Police has filed an FIR against real estate giant Ansal Group on charges of cheating, criminal conspiracy, and breach of trust, following directives from CM Yogi Adityanath. The action comes amid the Ansal API bankruptcy crisis, which has left thousands of homebuyers stranded.
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Yearender 2024: From Tupperware to Avon, notable companies that went bankrupt this year
Business | Dec 22, 2024, 06:41 PM ISTYearender 2024: iSun, a solar energy solutions, has also filed for bankruptcy. The company's bankruptcy raises concerns about the viability of the renewable energy sector given its financial troubles.
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Setback for Byju's as Supreme Court overturns NCLAT order on Rs 158-crore settlement with BCCI
India | Oct 23, 2024, 02:56 PM ISTThe Supreme Court has overturned the NCLAT’s approval of a Rs 158 crore settlement with the BCCI, highlighting procedural lapses in handling bankruptcy petitions.
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WeWork: Once a 'Wall Street darling', files bankruptcy in US. Will it impact Indian workforce?
Business | Nov 07, 2023, 04:43 PM ISTIn a statement, WeWork said it entered into a restructuring support agreement with stakeholders to “drastically reduce” the company’s debt while further evaluating WeWork’s commercial office lease portfolio.
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Karnataka: Veteran BJP leader Yediyurappa accuses Congress government of failure, bankruptcy
Karnataka | Nov 07, 2023, 03:57 PM ISTYediyurappa emphasised that the Congress-led government, in power for the past five to six months, had failed in numerous sectors, leading to a state he described as "totally bankrupt." He announced the BJP's intention to protest against the government's alleged failures and irresponsible practices.
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Go First says no definite timeline for resumption of flights: DGCA
Business | May 23, 2023, 06:38 PM ISTEarlier this month, the Go First airline announced bankruptcy and suspension of all its flights due to the shortage of engines for its fleet.
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Lufthansa grounds third of Airbus A220 fleet due to Pratt & Whitney engine issues
Business | May 04, 2023, 03:25 PM ISTThe problems with airlines' engines and grounded planes come as the travel industry tries to recover from the devastating Covid pandemic and as demand for travel increases.
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Go First bankruptcy: Air India may open doors for cabin, cockpit crew | DETAILS
Business | May 04, 2023, 01:02 PM ISTGo First bankruptcy: Recently, Air India had advertised that the airline will hire more than 1,000 pilots for its fleet with the tagline "Let's fly to new heights, together."
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"Go First doing everything possible to navigate situation...": CEO Kaushik Khona tells employees
Business | May 03, 2023, 01:21 PM ISTGo First news: According to the airline, the arbitrator ordered P&W to supply at least 10 serviceable spare leased engines by April 27 and a further 10 spare leased engines per month until December 2023.
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Go First bankruptcy: Engine maker claims 'Airline has lengthy history of missing financial norms'
Business | May 03, 2023, 01:23 PM ISTThe critical statement from P&W came as the Indian ultra-low-cost airline based in Mumbai accused Pratt & Whitney of not supplying engines.
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Silicon Valley Bank acquired by First Citizens Bank amid bankruptcy
Business | Mar 27, 2023, 12:35 PM ISTThe collapse of Silicon Valley Bank rattled the banking industry and led the FDIC and other regulators to act to protect depositors to prevent wider financial turmoil.
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Supertech declared bankrupt after over Rs 432 crore default; over 25,000 homebuyers to be effected
Business | Mar 25, 2022, 11:50 PM ISTThe order is said to impact over 25,000 homebuyers who are awaiting possession of their homes booked with the developer for several years.
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Sri Lanka settles sovereign bond payment as reserves dwindle
Business | Jan 20, 2022, 11:30 PM ISTIncluding the latest payment, Sri Lanka has foreign debt obligations exceeding $7 billion in 2022, including repayment of another bond worth $1 billion in July.
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Rumours of bankruptcy upset Rajesh Khattar, says sons Shahid & Ishaan were dragged in bad taste
Celebrities | Jun 12, 2021, 08:30 PM ISTRajesh Khattar in a recent interview shared the bankruptcy rumours amused him in the beginning but soon his sons Shahid Kapoor and Ishaan Khatter's names were dragged into it which was in a bad taste.
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IL&FS' offshore arms file for bankruptcy in Dubai
Business | Sep 24, 2020, 03:13 PM ISTTwo offshore companies of IL&FS Group, ITNL Infrastructure Developer LLC, ITNL International DMCC have filed for bankruptcy in Dubai.
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AGR dispute: Vodafone Idea could head for bankruptcy
Business | Feb 16, 2020, 06:43 PM ISTVodafone Idea could be the largest bankruptcy ever in India as the inability to pay dues under the adjusted gross revenue (AGR) may push the Vodafone Plc and Aditya Birla joint venture in that direction.
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RBI sends DHFL to bankruptcy tribunal
Business | Nov 29, 2019, 04:33 PM ISTThe Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the bankruptcy tribunal, making it the first NBFC/HFC to be resolved under the insolvency and bankruptcy code.
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Popular fashion brand Forever 21 files for bankruptcy
Business | Sep 30, 2019, 07:22 AM ISTForever 21, capped months of speculation by saying that it would cease operations in 40 countries including Canada and Japan. The brand would close 178 stores in USA and 350 overall.
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IL&FS approaches NCLAT seeking release of Rs 145 cr held
Business | Sep 26, 2019, 12:54 PM ISTDebt-ridden firm IL&FS has approached the National Company Law Appellate Tribunal (NCLAT) seeking the release of around Rs 145 crore held by Gujarat Urja Vikas Nigam.
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Lakhs of Britishers stranded as travel firm Thomas Cook collapses
World | Sep 23, 2019, 09:25 AM ISTThe British government said the return of the firm’s 150,000 British customers now abroad would be the largest repatriation in its peacetime history. The process is set to begin later Monday and officials warned that delays are inevitable.