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Is Decentralized Finance Safer Than Centralized Finance? The Crypto Debate Rages On

A lot of centralized finance platforms are going bankrupt. So, is investing in decentralized finance protocols safer than centralized finance platforms? We look at the pros and cons as the debate rages on among crypto...

22 August 2022

Celsius Filed For Chapter 11 Bankruptcy, Not Chapter 7. Are Restructuring Plans Afoot?

Celsius has about $162.547 million cash in its balance sheet, along with other crypto assets. But it still filed for bankruptcy under Chapter 11 and not Chapter 7. What was the reason for doing so?


Need Framework To Study Impact Of Insolvency Law: Corporate Affairs Secretary

The IBC, which came into force in 2016 and has undergone six amendments so far, provides for a time-bound and market-linked resolution of stressed assets.


Can A Company Be Declared Bankrupt For Inability To Pay License Fee? NCLAT Sets A Firm Precedence

Legal experts say that this will prevent firms from defaulting on timely payment over fears of a corporate insolvency resolution process under the IBC

02 August 2022

3AC Declares Bankruptcy, Crypto Exchange Blockchain.Com Stares At $270M Loss; Bitcoin Up

The price of Bitcoin rose by 0.16 per cent, while Ethereum fell by 0.06 per cent in the last 24 hours.


Debt Recovery Via Insolvency Cases At 31%; 47% Cases Liquidated: Report

The data which covers all the cases since the implementation of the Insolvency and Bankruptcy Code (IBC) five years ago till December 2021 reflects very slow pace of the process, according to an analysis by Icra Ratings.

15 April 2022

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.

29 July 2022

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Zee Entertainment Moves NCLT For Dismissal Of IndusInd Bank's Insolvency Plea

IndusInd Bank had moved NCLT claiming default of Rs 83.08 crore against the media & entertainment firm

23 February 2022

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09 February 2022
Over 16,000 Committed Suicide Due To Bankruptcy, 9,140 Due To Unemployment In 3 Years: Govt

Over 16,000 Committed Suicide Due To Bankruptcy, 9,140 Due To Unemployment In 3 Years: Govt

Union Minister of State for Home Nityanand Rai said 5,213 people committed suicide due to bankruptcy or indebtedness in 2020, 5,908 in 2019 and 4,970 in 2018.


04 February 2022
Sri Lanka Financial Crisis: President Rajapaksa Thanks India For Extending $500 Million Credit

Sri Lanka Financial Crisis: President Rajapaksa Thanks India For Extending $500 Million Credit

With the recent support, India’s overall development assistance to Sri Lanka stands at close to USD 4 billion, the Indian High Commission said. PM Rajapaksa...


25 December 2021
Lenders Okay Darwin Platform's Bid To Acquire Lavasa Corp

Lenders Okay Darwin Platform's Bid To Acquire Lavasa Corp

Darwin Platform Infrastructure Ltd (DPIL) on Friday said its bid to acquire Lavasa Corporation through the insolvency process has been approved by the firm's...


05 November 2019
RBI Hikes PMC Bank Cash Withdrawal Limit To Rs 50,000

RBI Hikes PMC Bank Cash Withdrawal Limit To Rs 50,000

With the above relaxation, more than 78% of the depositors of the bank will be able to withdraw their entire account balance.


18 October 2019
Fourth PMC Tragedy: 83-Year-Old Heart Patient Depositor Dies

Fourth PMC Tragedy: 83-Year-Old Heart Patient Depositor Dies

Murlidhar Dharra, had as much as Rs 80 lakh in deposits with PMC Bank but could not withdraw the money due to the RBI curbs.


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30 September 2019
Forever 21 Files For Bankruptcy; Plans To Exit In Asia, Europe

Forever 21 Files For Bankruptcy; Plans To Exit In Asia, Europe

Forever 21, the teenage clothing emporium that rode America's mall boom and bust, said on Sunday that it filed for Chapter 11 bankruptcy.


17 September 2019
100 Days Of Decisive Action

100 Days Of Decisive Action

History will ­remember Modi as reformer-in-chief


23 August 2019
Good Intent Need Not Be So Taxing

Good Intent Need Not Be So Taxing

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...


23 August 2019
Death By Debt: Indian Businesses Are Devastated, Tax Terror Adds To Woes

Death By Debt: Indian Businesses Are Devastated, Tax Terror Adds To Woes

Debt looms as a terrifying spectre. Zombie companies or corporate underachievers have doubled and even the biggest of business empires like Reliance Industries...


01 May 2019
Why Jet Airways Nosedived And What's Next In The Turbulent Sky: A Dozen Issues

Why Jet Airways Nosedived And What's Next In The Turbulent Sky: A Dozen Issues

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...


25 March 2019
Jet Airways Board Holds Emergency Meeting On Interim Funding, CEO Goyal's Future Role

Jet Airways Board Holds Emergency Meeting On Interim Funding, CEO Goyal's Future Role

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.


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23 March 2019
Jet Airways Suspends Services Of 13 International Routes Till End-April

Jet Airways Suspends Services Of 13 International Routes Till End-April

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...


25 January 2019
Supreme Court Upholds Constitutional Validity Of Insolvency And Bankruptcy Code

Supreme Court Upholds Constitutional Validity Of Insolvency And Bankruptcy Code

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...


15 January 2019
Utility Company Tied To California Wildfires To File For Bankruptcy

Utility Company Tied To California Wildfires To File For Bankruptcy

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.


07 December 2018
The Emperor’s New Notes

The Emperor’s New Notes

The government has big achievements, but it’s in denial over demonetisation


12 July 2018
The Weinstein Company Fires 20 Employees Ahead Of Bankruptcy Sale

The Weinstein Company Fires 20 Employees Ahead Of Bankruptcy Sale

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...


21 April 2018
Default Sinkholes

Default Sinkholes

The regulatory tool seeking to minimise damage from the menace of mounting NPAs was given new teeth, but it will be a long and hard road to recovery


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