Financial Creditors
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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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Diary Found At Delhi Home Gives Clues To Murder Of Woman, 2 Children
The police have found a diary that indicated what led to the killing of a woman and her two children in east Delhi's Laxmi Nagar. The diary contained details of loans running into several lakh of rupees taken from 11 people.
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WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
Zettai, the parent company of crypto exchange WazirX, has approached the Singapore High Court seeking a reassessment of its financial restructuring plan. The filing also requests an extension of the ongoing moratorium, which has protected both Zettai and WazirX from creditor lawsuits while the company works on its reimbursement strategy.
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Singapore Court Approves WazirX’s Financial Restructuring Plan, Creditors to Vote Next
The Singapore High Court has approved WazirX's financial restructuring scheme, contingent on at least 75 percent of creditors voting in favour. If approved, WazirX will initiate the reimbursement process within ten business days of the scheme's effective date.
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WazirX’s Singapore-Based Stakeholder Zettai Applies for Moratorium to Restructure Funds
WazirX estimates that Zettai may take at least six months to stitch up a scheme, which if approved by the creditors and sanctioned by the Singapore Court, “would be legally binding on all relevant parties, including Zettai.” The platform needs this time to finalise the terms and conditions of this financial restructuring scheme.
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Financial Creditors Take Maximum Risk, Need To Be Compensated: RBI
Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of the country's central bank said on Thursday.
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Noted Art Director Nitin Desai, Found Dead At Home, Defaulted On Rs 252 Crore Loan
Noted art director Nitin Chandrakant Desai, who was found dead at his studio in Maharashtra's Raigad, had defaulted on a Rs 252-crore loan to its financial creditor, and a bankruptcy court had admitted an insolvency petition against his firm.
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Flood-Hit Pakistan Should Suspend Debt Repayments, Says UN Paper: Report
Pakistan should suspend international debt repayments and restructure loans with creditors after recent floods added to the country's financial crisis, the Financial Times reported on Friday, citing a UN policy memo.
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Ghimob Malware Targeting Financial Android Apps, Offers Remote Access to Hacker: Kaspersky
Ghimob is spread via email that pretends to be from a creditor and provides a link where the recipient could view more information, while the app itself pretends to be Google Defender, Google Docs, WhatsApp Updater, etc. If the recipient falls for the scam and clicks on the link, the Trojan gets downloaded on their handsets.
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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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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.
-
Diary Found At Delhi Home Gives Clues To Murder Of Woman, 2 Children
The police have found a diary that indicated what led to the killing of a woman and her two children in east Delhi's Laxmi Nagar. The diary contained details of loans running into several lakh of rupees taken from 11 people.
-
WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
Zettai, the parent company of crypto exchange WazirX, has approached the Singapore High Court seeking a reassessment of its financial restructuring plan. The filing also requests an extension of the ongoing moratorium, which has protected both Zettai and WazirX from creditor lawsuits while the company works on its reimbursement strategy.
-
Singapore Court Approves WazirX’s Financial Restructuring Plan, Creditors to Vote Next
The Singapore High Court has approved WazirX's financial restructuring scheme, contingent on at least 75 percent of creditors voting in favour. If approved, WazirX will initiate the reimbursement process within ten business days of the scheme's effective date.
-
WazirX’s Singapore-Based Stakeholder Zettai Applies for Moratorium to Restructure Funds
WazirX estimates that Zettai may take at least six months to stitch up a scheme, which if approved by the creditors and sanctioned by the Singapore Court, “would be legally binding on all relevant parties, including Zettai.” The platform needs this time to finalise the terms and conditions of this financial restructuring scheme.
-
Financial Creditors Take Maximum Risk, Need To Be Compensated: RBI
Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of the country's central bank said on Thursday.
-
Noted Art Director Nitin Desai, Found Dead At Home, Defaulted On Rs 252 Crore Loan
Noted art director Nitin Chandrakant Desai, who was found dead at his studio in Maharashtra's Raigad, had defaulted on a Rs 252-crore loan to its financial creditor, and a bankruptcy court had admitted an insolvency petition against his firm.
-
Flood-Hit Pakistan Should Suspend Debt Repayments, Says UN Paper: Report
Pakistan should suspend international debt repayments and restructure loans with creditors after recent floods added to the country's financial crisis, the Financial Times reported on Friday, citing a UN policy memo.
-
Ghimob Malware Targeting Financial Android Apps, Offers Remote Access to Hacker: Kaspersky
Ghimob is spread via email that pretends to be from a creditor and provides a link where the recipient could view more information, while the app itself pretends to be Google Defender, Google Docs, WhatsApp Updater, etc. If the recipient falls for the scam and clicks on the link, the Trojan gets downloaded on their handsets.
-
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 ...
