Lights illuminate a Forever 21 before the store opens at Walden Galleria in Cheektowaga, N.Y. Forever 21 has filed for Chapter 11 bankruptcy protection. The privately held company ...
AP/PTI
Bankrupt
T. Venkattram Reddy of Deccan Chronicle Holdings Ltd
Photograph by Getty Images
Airport staff members pose for a picture besides flight AB6210, the last flight of insolvent airline Air Berlin prior to departing at the airport in Munich, Germany.
AP/PTI
RBI Governor Urjit Patel during the inauguration of a conference on 'Insolvency and Bankruptcy: Changing Paradigm', in Mumbai.
PTI Photo by Santosh Hirlekar
Union Finance Minister Arun Jaitley speaks during the inauguration of a conference on 'Insolvency and Bankruptcy: Changing Paradigm', in Mumbai.
PTI Photo by Santosh Hirlekar
Japanese air bag maker Takata Corp. CEO Shigehisa Takada speaks during a press conference in Tokyo. Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhel...
On an immediate basis, lenders are expected to give Rs 750 crore to Jet Airways, which would come by pledging the airline's stake in Jet Privilege with banks.
The company said that it is actively engaged with all its aircraft lessors and is regularly providing them with updates on the efforts taken to improve the liquidity.
The operational creditors wanted to be treated at par with secured creditors like banks and financial institution who have first claim over the money coming through the proceedings under the insolvency law.
Pacific Gas and Electric the utility company that has been tied to deadly wildfires in California said it plans to file for bankruptcy at the end of January.
The company had been losing employees since the Harvey Weinstein sexual harassment scandal broke last October - the number has reduced to less than 70 this week from 140 staffers. The layoffs represent nearly a third of the remaining workforce.
The so-called "bail-in" clause in the draft bill has been commented upon by experts as bringing potential harm to deposits, in the form of savings accounts.
The government is absolutely right that we have to deal with defaulters and over-leveraged companies by assessing the probability of recovery, or else file for bankruptcy.
Debt looms as a terrifying spectre. Zombie companies or corporate underachievers have doubled and even the biggest of business empires like Reliance Industries are worried and hassled
Jet Airways crash-landed after ruling the skies for 26 years. With massive debts and with no investors keen to rescue the beleaguered airline, the life jackets are out
Post-Nirav Modi scam, the RBI’s tightening of the rules forces banks to treat more bad loans as NPAs, showing the extent of a crisis that’s been building for years—and intensifying it
INX wasn’t a lone wolf op. In the media business, politicians and dubious funds often get into the act, even crossing the lines drawn by the law of the land.