Bankruptcy
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'Spirit 2.0' Explained: How Travellers Are Trying To Buy The Defunct Airline
As per the report, a total of $88,071,428 has been pledged so far, and over 124,750 people expressed their intent to be a founding patron.
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US Carriers Offer 'Rescue Fares' To Fliers As Spirit Airlines Winds Down
Spirit Airlines has been in and out of bankruptcy since 2024, and the White House was recently considering a bailout.
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Water Bankruptcy Era Has Begun For Billions, Scientists Say
A new era has begun of "global water bankruptcy", with humans depleting freshwater systems to the point they can't recover, according to a new United Nations report.
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13 Accounts, With Rs 55 Crore, Of Reliance Infra Seized In Laundering Case
In a major action against suspected foreign exchange violations, the Directorate of Enforcement (ED), Special Task Force at its Headquarters, has seized assets worth Rs 54.82 crore belonging to Reliance Infrastructure Limited (R-Infra).
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US Court Orders Byju's Founder To Pay Over $1 Billion After Default Ruling
A US bankruptcy court has ordered Byju's founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju's Alpha, the company's US-based financing arm.
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"I'm Basically Homeless": Tourists Kicked Out Mid-Stay After Marriott Hotels' Partner Files For Bankruptcy
Travellers across the globe reported being evicted mid-stay, with some discovering their belongings stuffed into plastic bags and left in hallways as the hospitality firm collapsed.
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Out-Of-Court Mechanism Proposed In Bankruptcy Law Amendment Bill
Finance Minister Nirmala Sitharaman has proposed an "out-of-court initiation mechanism" for genuine business failures in the Insolvency and Bankruptcy Code (Amendment) Bill, 2025.
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Top Court Recalls Orders For Liquidation Of Bhushan Steel And Power Limited
The Supreme Court on Thursday recalled its May 2 verdict, which had ordered the liquidation of Bhushan Steel and Power Limited (BSPL).
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Canned Goods Giant Del Monte Foods Files For Bankruptcy, Details Inside
The company announced that it has voluntarily entered Chapter 11 and is undergoing a process to sell its assets.
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US Airline Shuts Down Operations Abruptly, Tells Passengers "Not To Go To The Airport"
A US-based airline has suddenly ceased all operations, leaving passengers shocked and stranded as they're urged not to go to the airport.
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"Made Some Business Mistakes": Byju's Founder Amid Crisis
Byju Raveendran, founder of beleaguered edtech giant BYJU'S, acknowledged that the company made "some business mistakes" when it expanded "too fast" to 21 countries due to the 'mandate' from the world-class investors.
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Fugitive Businessman Vijay Mallya Loses Appeal Against UK Bankruptcy Order
Indian tycoon Vijay Mallya on Wednesday lost an appeal against a bankruptcy order made by London's High Court over a more than 1 billion-pound ($1.28 billion) debt to lenders including the State Bank of India.
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End Of Bikini Nights? US Restaurant Chain Hooters Files For Bankruptcy Amid Founder-led Buyout Plan
Hooters of America filed for bankruptcy protection while announcing plans to bring back its founders as part of a deal with franchisees who already own a significant portion of Hooters restaurants, ensuring continued operation during reorganization.
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Forever 21 Files For Bankruptcy, Plans US Liquidation
Apparel retailer Forever 21 said Monday it commenced voluntary bankruptcy proceedings in the United States, beginning plans for an "orderly wind down" of US stores, while pursuing in parallel a possible sale.
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Vijay Mallya Pursues Annulment Of UK Bankruptcy Order Over "Unreal Quality"
Vijay Mallya believes Indian banks pursuing bankruptcy proceedings against him in the English courts have assumed an "unreal quality" and has instructed his lawyers to pursue annulment application.
-
'Spirit 2.0' Explained: How Travellers Are Trying To Buy The Defunct Airline
As per the report, a total of $88,071,428 has been pledged so far, and over 124,750 people expressed their intent to be a founding patron.
-
US Carriers Offer 'Rescue Fares' To Fliers As Spirit Airlines Winds Down
Spirit Airlines has been in and out of bankruptcy since 2024, and the White House was recently considering a bailout.
-
Water Bankruptcy Era Has Begun For Billions, Scientists Say
A new era has begun of "global water bankruptcy", with humans depleting freshwater systems to the point they can't recover, according to a new United Nations report.
-
13 Accounts, With Rs 55 Crore, Of Reliance Infra Seized In Laundering Case
In a major action against suspected foreign exchange violations, the Directorate of Enforcement (ED), Special Task Force at its Headquarters, has seized assets worth Rs 54.82 crore belonging to Reliance Infrastructure Limited (R-Infra).
-
US Court Orders Byju's Founder To Pay Over $1 Billion After Default Ruling
A US bankruptcy court has ordered Byju's founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju's Alpha, the company's US-based financing arm.
-
"I'm Basically Homeless": Tourists Kicked Out Mid-Stay After Marriott Hotels' Partner Files For Bankruptcy
Travellers across the globe reported being evicted mid-stay, with some discovering their belongings stuffed into plastic bags and left in hallways as the hospitality firm collapsed.
-
Out-Of-Court Mechanism Proposed In Bankruptcy Law Amendment Bill
Finance Minister Nirmala Sitharaman has proposed an "out-of-court initiation mechanism" for genuine business failures in the Insolvency and Bankruptcy Code (Amendment) Bill, 2025.
-
Top Court Recalls Orders For Liquidation Of Bhushan Steel And Power Limited
The Supreme Court on Thursday recalled its May 2 verdict, which had ordered the liquidation of Bhushan Steel and Power Limited (BSPL).
-
Canned Goods Giant Del Monte Foods Files For Bankruptcy, Details Inside
The company announced that it has voluntarily entered Chapter 11 and is undergoing a process to sell its assets.
-
US Airline Shuts Down Operations Abruptly, Tells Passengers "Not To Go To The Airport"
A US-based airline has suddenly ceased all operations, leaving passengers shocked and stranded as they're urged not to go to the airport.
-
"Made Some Business Mistakes": Byju's Founder Amid Crisis
Byju Raveendran, founder of beleaguered edtech giant BYJU'S, acknowledged that the company made "some business mistakes" when it expanded "too fast" to 21 countries due to the 'mandate' from the world-class investors.
-
Fugitive Businessman Vijay Mallya Loses Appeal Against UK Bankruptcy Order
Indian tycoon Vijay Mallya on Wednesday lost an appeal against a bankruptcy order made by London's High Court over a more than 1 billion-pound ($1.28 billion) debt to lenders including the State Bank of India.
-
End Of Bikini Nights? US Restaurant Chain Hooters Files For Bankruptcy Amid Founder-led Buyout Plan
Hooters of America filed for bankruptcy protection while announcing plans to bring back its founders as part of a deal with franchisees who already own a significant portion of Hooters restaurants, ensuring continued operation during reorganization.
-
Forever 21 Files For Bankruptcy, Plans US Liquidation
Apparel retailer Forever 21 said Monday it commenced voluntary bankruptcy proceedings in the United States, beginning plans for an "orderly wind down" of US stores, while pursuing in parallel a possible sale.
-
Vijay Mallya Pursues Annulment Of UK Bankruptcy Order Over "Unreal Quality"
Vijay Mallya believes Indian banks pursuing bankruptcy proceedings against him in the English courts have assumed an "unreal quality" and has instructed his lawyers to pursue annulment application.
