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Bankruptcy

Birmingham City Council effectively declares bankruptcy

This Britain’s Second Largest City Effectively Declares Bankruptcy, Know Why

Birmingham City Council's financial woes deepen as it declares bankruptcy after a £760 million equal pay settlement, forcing drastic expenditure cuts to safeguard essential services

06 September 2023

Reliance Capital

Reliance Capital Lenders To Vote On Hinduja Firm IIHL’s Resolution Plan

Hinduja Group’s Indusind International Holdings Ltd (IIHL) submitted a comprehensive plan that was presented to Reliance Capital lenders on Friday

09 June 2023

GAIL India

GAIL Infuses Rs 2,100 Crore In JBF Petrochemicals

In a stock exchange filing, GAIL (India) Ltd said it has "infused Rs 2,101 crore (equity - Rs 625 crore and debt - Rs 1,476 crore)" in the committed bankruptcy resolution plan

02 June 2023

Latest Crypto News: NFT Collections Sink To Two-Year Low, Credit Suisse To Launch NFTs

Here are some of the major developments from the world of crypto over the past few days

04 July 2023

National Company Law Tribunal (NCLT)

NCLT Approves 180 Resolution Plans Involving Realisation Amount Of Rs 51,424 Cr In FY23

This has helped creditors of debt-ridden firms in FY23 to realise 36 per cent of their total admitted claims of Rs 1,42,543 crore for the year ended March 31, 2023

04 June 2023

Sri Lanka crisis

Sri Lanka Economy Shows 'Tentative Signs Of Improvement': IMF

Sri Lanka’s bankrupt economy has shown "tentative signs of improvement," said International Monetary Fund Deputy Managing Director Kenji Okamura on Thursday at the end of his two-day official visit to the debt-trapped...

02 June 2023

Latest Crypto News: Polygon Proposes Architecture For ‘Polygon 2.0’; $656M Lost From Crypto Hacks, Scams, Rug Pulls In H1 2023, Says Report

Here are some of the major developments from the world of crypto over the past few days

01 July 2023

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Companies

Vice Media Files For Bankruptcy In US To Facilitate Its Sale After Wave Of Layoffs

The development comes as many media and technology firms look to cut costs due to slowing growth.

16 May 2023

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03 May 2023
Go First Airlines: 2 Flights Diverted To Surat Airport; Reason Yet To Be Disclosed

Go First Airlines: 2 Flights Diverted To Surat Airport; Reason Yet To Be Disclosed

According to the Surat airport director Rupesh Kumar told that the reason behind the diversion of the flights is not clear. The incident took place on the same...


04 April 2023
Virgin Orbit Seeks Bankruptcy Protection After Mission Fail

Virgin Orbit Seeks Bankruptcy Protection After Mission Fail

Virgin Orbit, which is listed on the Nasdaq stock exchange, was founded in 2017 by British billionaire Branson to target the market for launching small...


19 February 2023
Pakistan May Go Bankrupt: Country's Defence Minister Khawaja Asif

Pakistan May Go Bankrupt: Country's Defence Minister Khawaja Asif

Pakistan Defence minister Khawaja Asif said that most of his time had been spent in the opposition camp and that he has witnessed politics being disgraced for...


07 February 2023
Latest Crypto News: Binance to Suspend US Dollar Bank Transfers, FTX Says Independent Examiner Risky To Assets

19 January 2023
Latest Crypto News: OKX Proof-Of-Reserves Report Shows $7.5 Billion, Crypto Leading Firm Genesis Planning For Bankruptcy

Latest Crypto News: OKX Proof-Of-Reserves Report Shows $7.5 Billion, Crypto Leading Firm Genesis Planning For Bankruptcy

Here are some of the major developments from the world of crypto over the past few days


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07 January 2023
Ashok Gehlot Firm On Old Pension Scheme, Dismisses Montek Ahluwalia's 'Financial Bankruptcy' Remark

Ashok Gehlot Firm On Old Pension Scheme, Dismisses Montek Ahluwalia's 'Financial Bankruptcy' Remark

Gehlot said that if the country can progress for 60 years after implementing OPS and giving pension to employees then it can continue with it now as well, and...


15 December 2022
Boris Becker Faces Deportation After Being Released From Jail

Boris Becker Faces Deportation After Being Released From Jail

The 55-year-old German, who has lived in Britain since 2012, was released on Thursday morning and traveled back to Germany shortly thereafter.


29 November 2022
Latest Crypto Development: BlockFi Files For Bankruptcy, MakerDao Votes Against Coinshares Investment

Latest Crypto Development: BlockFi Files For Bankruptcy, MakerDao Votes Against Coinshares Investment

These are the latest happenings from the world of crypto over the last few days


14 November 2022
FTX Fall Highlights Crypto Vulnerability: Here’re 5 Indian Cryptocurrency Exchanges That Bit The Dust

FTX Fall Highlights Crypto Vulnerability: Here’re 5 Indian Cryptocurrency Exchanges That Bit The Dust

Here are five Indian crypto exchanges that could not survive the ups and downs in the market.


08 September 2022
Ronnie Screwvala-Backed Edtech Start-Up Lido Learning Files For Bankruptcy

Ronnie Screwvala-Backed Edtech Start-Up Lido Learning Files For Bankruptcy

Founded in 2019 by Sahil Sheth, the company offers live online classes to children from KG to Class 9 for Maths, Science, English, and Coding


30 August 2022
Mt. Gox Reimbursement To Investors Could Result In A Bitcoin Dump, Reduce Value

Mt. Gox Reimbursement To Investors Could Result In A Bitcoin Dump, Reduce Value

As the bankrupt exchange, Mt. Gox, prepares to pay out its creditors in Bitcoin, it could plummet the value of the king coin, should the receivers decide to...


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17 August 2022
Celsius Owes $2.5 Billion Worth Of Crypto To Investors, To Run Out Of Cash By October

Celsius Owes $2.5 Billion Worth Of Crypto To Investors, To Run Out Of Cash By October

Their total debt is $2.8 billion, as revealed in the latest report filled in the ongoing bankruptcy case


29 July 2022
Is Zipmex’s Bankruptcy Filing Signalling Deeper Trouble In Crypto Market?

Is Zipmex’s Bankruptcy Filing Signalling Deeper Trouble In Crypto Market?

Zipmex joins the list of crypto exchanges filing for bankruptcy protection; the firm froze all trading and withdrawal last week.


11 July 2022
Union Bank of India Jumps Into Metaverse World, Bitcoin Down 4%, Ethereum Falls 3%

Union Bank of India Jumps Into Metaverse World, Bitcoin Down 4%, Ethereum Falls 3%

Union Bank of India has launched ‘Uni-verse’ metaverse project in partnership with Tech Mahindra. Meanwhile, bankrupt Three Arrows Capital’s NFT fund is...


12 May 2022
Coinbase Warns Customers Of Losing Crypto If Company Goes Bankrupt; CEO Offers Assurances

Coinbase Warns Customers Of Losing Crypto If Company Goes Bankrupt; CEO Offers Assurances

Coinbase has said in a filing with the US Securities and Exchange Council that crypto assets of customers could be subject to bankruptcy proceedings; CEO Brian...


02 May 2022
Boris Becker Jailed: Novak Djokovic 'Heartbroken' For Friend

Boris Becker Jailed: Novak Djokovic 'Heartbroken' For Friend

Tennis great Boris Becker has been jailed for two and a half years for hiding GBP 2.5m worth of assets and loans to avoid paying debts


30 April 2022
Boris Becker's Fall From Grace: German Tennis Great's Journey From Wimbledon Centre Court To Jail

Boris Becker's Fall From Grace: German Tennis Great's Journey From Wimbledon Centre Court To Jail

Some 37 years after charming the world with the first of his six Grand Slam titles as a 17-year-old, Boris Becker was jailed over bankruptcy.


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