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Go First's Lenders Seek Investor Bids By January 31: Report
Lenders to India's Go First have set January 31 as the deadline for financial bids to acquire the airline, two banking sources said on Sunday.
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US Firm Acquires Silicon Valley Bank After It Went Bankrupt
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
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Sri Lanka Hikes Power Prices By 275 Per Cent To Secure IMF Deal
Sri Lanka's electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure an IMF bailout.
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Vijay Mallya Declared Bankrupt By UK High Court
A British court has granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the SBI to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines.
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Respite For Vijay Mallya As UK High Court Defers Bankruptcy Hearing
In a relief to liquor baron Vijay Mallya, the High Court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon be declared bankrupt to enable them to recover a loan of around GBP 1.145 billion from him.
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PMC Bank Case: Supreme Court Stays Order Directing Sale Of HDIL Assets To Repay Dues
The Supreme Court on Friday stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment of dues of crisis-hit Punjab and Maharashtra Cooperative Bank.
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Vijay Mallya Faces Bankruptcy Over Rs 10,000 Crores In Debt
Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds (Over Rs 10,000 crore) in unpaid debts.
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After PNB, Allahabad Bank Alleges Rs 1,700 Crore Fraud By Indebted Firm
Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts.
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Statues Take Center Stage In Nirav Modi Fraud Case
A collection of valuable Asian sculptures is being claimed by the estate of a bankrupt U.S. jewelry company once owned by the billionaire Nirav Modi, who allegedly defrauded the Punjab National Bank of $2 billion, despite his wife's attempts to gain possession of the sculptures, according to a court filing.
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Congress Manifesto Like Post-Dated Cheque Of Bankrupt Bank: Rajnath Singh
Opposition parties are facing a credibility crisis both in Chhattisgarh and the rest of the country, Home Minister Rajnath Singh said today, accusing the Congress of resorting to "blatant lies" for political gains.
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SBI Should Declare Gujarat Petroleum Corporation Bankrupt: Jairam Ramesh
Citing a Reserve Bank of India (RBI) notification, senior Congress leader Jairam Ramesh on Monday said that the State Bank of India should declare Gujarat State Petroleum Corporation (GSPC) as bankrupt by 5 pm.
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3 Nirav Modi-Linked US Firms 'Directly Involved' In Bank Fraud: Report
Three bankrupt U.S. companies with links to billionaire Nirav Modi were "directly involved" in transactions related to the alleged multibillion-dollar international fraud for which Modi has been charged by Indian authorities, according to an investigation by the court-appointed examiner that was filed Saturday.
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5 Points On Bill To Amend Insolvency And Bankruptcy Code
A Bill to amend Insolvency and Bankruptcy Code, 2016, has been introduced in the Lok Sabha to bring relief to the home buyers and Micro, Small and Medium Enterprises or MSMEs. The Insolvency and Bankruptcy Code (Amendment) Ordinance will protect the buyers when builders declare bankruptcy for under-construction real estate projects. The Bill would ...
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Nirav Modi's Bankrupt US Firm Gets Buyer Interest Amid PNB Fraud Probe
Investigators have subsequently attached or seized various assets belonging to Nirav Modi and his companies.
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Donald Trump Bankers Question His Portrayal Of Financial Comeback
Donald Trump, who often says he only likes winners, tells one grand tale of loss: In 1990, he nearly went bankrupt and was forced to ask dozens of banks to whom he owed money to change the terms on their loans and forgive some of his debts.
-
Go First's Lenders Seek Investor Bids By January 31: Report
Lenders to India's Go First have set January 31 as the deadline for financial bids to acquire the airline, two banking sources said on Sunday.
-
US Firm Acquires Silicon Valley Bank After It Went Bankrupt
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
-
Sri Lanka Hikes Power Prices By 275 Per Cent To Secure IMF Deal
Sri Lanka's electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure an IMF bailout.
-
Vijay Mallya Declared Bankrupt By UK High Court
A British court has granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the SBI to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines.
-
Respite For Vijay Mallya As UK High Court Defers Bankruptcy Hearing
In a relief to liquor baron Vijay Mallya, the High Court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon be declared bankrupt to enable them to recover a loan of around GBP 1.145 billion from him.
-
PMC Bank Case: Supreme Court Stays Order Directing Sale Of HDIL Assets To Repay Dues
The Supreme Court on Friday stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment of dues of crisis-hit Punjab and Maharashtra Cooperative Bank.
-
Vijay Mallya Faces Bankruptcy Over Rs 10,000 Crores In Debt
Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds (Over Rs 10,000 crore) in unpaid debts.
-
After PNB, Allahabad Bank Alleges Rs 1,700 Crore Fraud By Indebted Firm
Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts.
-
Statues Take Center Stage In Nirav Modi Fraud Case
A collection of valuable Asian sculptures is being claimed by the estate of a bankrupt U.S. jewelry company once owned by the billionaire Nirav Modi, who allegedly defrauded the Punjab National Bank of $2 billion, despite his wife's attempts to gain possession of the sculptures, according to a court filing.
-
Congress Manifesto Like Post-Dated Cheque Of Bankrupt Bank: Rajnath Singh
Opposition parties are facing a credibility crisis both in Chhattisgarh and the rest of the country, Home Minister Rajnath Singh said today, accusing the Congress of resorting to "blatant lies" for political gains.
-
SBI Should Declare Gujarat Petroleum Corporation Bankrupt: Jairam Ramesh
Citing a Reserve Bank of India (RBI) notification, senior Congress leader Jairam Ramesh on Monday said that the State Bank of India should declare Gujarat State Petroleum Corporation (GSPC) as bankrupt by 5 pm.
-
3 Nirav Modi-Linked US Firms 'Directly Involved' In Bank Fraud: Report
Three bankrupt U.S. companies with links to billionaire Nirav Modi were "directly involved" in transactions related to the alleged multibillion-dollar international fraud for which Modi has been charged by Indian authorities, according to an investigation by the court-appointed examiner that was filed Saturday.
-
5 Points On Bill To Amend Insolvency And Bankruptcy Code
A Bill to amend Insolvency and Bankruptcy Code, 2016, has been introduced in the Lok Sabha to bring relief to the home buyers and Micro, Small and Medium Enterprises or MSMEs. The Insolvency and Bankruptcy Code (Amendment) Ordinance will protect the buyers when builders declare bankruptcy for under-construction real estate projects. The Bill would ...
-
Nirav Modi's Bankrupt US Firm Gets Buyer Interest Amid PNB Fraud Probe
Investigators have subsequently attached or seized various assets belonging to Nirav Modi and his companies.
-
Donald Trump Bankers Question His Portrayal Of Financial Comeback
Donald Trump, who often says he only likes winners, tells one grand tale of loss: In 1990, he nearly went bankrupt and was forced to ask dozens of banks to whom he owed money to change the terms on their loans and forgive some of his debts.
