SC Panel to Supervise Supertech Insolvency, Supernova Project
Supreme Court forms a 3-member committee to manage Supertech's insolvency and complete the Supernova project in Noida. Next hearing on January 20, 2026.
Category : Search result: Insolvency and Bankruptcy Code
Saks Considers Bankruptcy Ahead of $100M Payment
Saks Global Enterprises faces a critical $100+ million debt payment on Dec 30, exploring Chapter 11 bankruptcy and emergency funding. Read the full analysis of the luxury retailer's financial crisis.
Panel Proposes Multiple IBC Plans for Stressed Assets
A parliamentary panel recommends allowing multiple resolution plans for different assets of an insolvent firm, aiming to boost value and attract bidders. Explore the potential shift in India's insolvency landscape.
Saks Considers Bankruptcy Ahead of $100M Payment
Saks Global Enterprises is exploring Chapter 11 bankruptcy as a last resort before a crucial $100 million debt payment due Dec 30. The luxury retailer's turnaround plan has faltered. Read more.
FlexShopper Files for Bankruptcy After CEO Fraud Probe
Lease-to-own firm FlexShopper files for Chapter 11 bankruptcy with over $100M liabilities. Read about the CEO fraud scandal and the planned sale to Snap Finance.
IBC Amendments 2025: Lok Sabha Panel Chief Hails Reforms
Lok Sabha panel chief Baijayant Panda calls IBC amendments a 'game-changer' to halve resolution time and boost recoveries. Bill excludes project-specific insolvency for real estate.
Ladki Bahin November Payment Delay Sparks Anxiety
Thousands of women await delayed ₹1,500 Ladki Bahin installments in Pune. SEC clarifies MCC does not halt schemes, but state government remains silent on payout.
FAT Brands Shareholder Sues Over Hidden Debt, Bankruptcy Risk
A FAT Brands shareholder sues, alleging the firm hid over $1.4B debt & used high-interest loans. Stock hits a 5-year low. Read about the bankruptcy risk & legal battle.
Ex-BluSmart CEO leads Refex bid for bankrupt EV ride-hailer
Former BluSmart CEO Anirudh Arun now heads Refex Mobility, which is bidding for the bankrupt EV cab operator's 5,000+ charging stations and tech stack. The move could reshape India's green mobility sector.
Pope Francis Urges Compassion for Migrants and Refugees
Pope Francis delivers a powerful message on World Day of Migrants and Refugees, calling for an end to xenophobia and for nations to see displaced people as brothers and sisters, not threats.
Jai Madaan's 4-Digit Astro Code Ritual Explained
Famed astrologer Jai Madaan's viral 4-digit astro code ritual for 2025 promises luck and success. Learn the steps, dates, and significance behind this trending spiritual practice.
HC shields 836 Gurgaon homebuyers in family property row
Punjab & Haryana High Court dismisses plea to drag 812 flat & 24 shop owners into a family land dispute, providing relief to buyers. Justice Archana Puri upholds trial court's decision.
Great Learning's Indian unit bought back from Byju's for $10M
Mohan Lakhamraju repurchases Great Learning's India business from Byju's at a steep discount amid the edtech giant's insolvency woes. Details on the deal and future plans revealed.
Panel wants 3-month deadline for NCLAT appeals under IBC
A parliamentary committee recommends a strict 3-month deadline for NCLAT to dispose of IBC appeals, addressing massive delays. The move aims to streamline India's corporate insolvency process. Read the full report.
Paul Heyman's 2025 Net Worth & Marla's Private Finances
Paul Heyman's net worth is estimated at $10 million in 2025 from his WWE role. Details on his $2M salary, ECW past, and why wife Marla Heyman's finances remain private. Read the full financial breakdown.
Lok Sabha Panel Sets 3-Month Deadline for NCLAT Appeals
A Lok Sabha panel mandates NCLAT to resolve bankruptcy appeals within 3 months to speed up corporate rescue. It also bars resolution pros from becoming liquidators to curb perverse incentives. #IBC #BankruptcyReform
Founder Denies Fraud, Blames Lenders for Company Collapse
First Brands founder Patrick James accuses lenders of predatory practices leading to bankruptcy, while new management alleges massive financial fraud. Key details inside.
Azul Airlines Exits Bankruptcy, Plans Profit with US Backing
Brazil's Azul SA, now backed by United and American Airlines, exits Chapter 11 bankruptcy. It plans a domestic focus, profit by 2026, and will handle World Cup travel demand. Read the full story.
IBC Amendment Bill Report to be Tabled in Lok Sabha
A Lok Sabha committee will table its report on the IBC Amendment Bill 2025 on Wednesday, bringing a major insolvency law overhaul closer. The reforms aim to cut delays and boost investor appeal.
iRobot Files for Bankruptcy, Roomba Maker's Shocking Collapse
iRobot, maker of Roomba, files for bankruptcy. The smart home icon crumbles under competition. Read the full story of this shocking tech collapse.
Roomba Maker iRobot Files for Bankruptcy
iRobot, creator of Roomba, files for Chapter 11 bankruptcy and is acquired by Chinese supplier Picea Robotics, raising data privacy concerns. Read the full story.
Avatar: Fire and Ash India Box Office Pre-Release Report
James Cameron's Avatar: Fire and Ash gears up for a strong Indian release this weekend. Early reports suggest a ₹30-35 crore opening, facing competition from Bollywood's Dhurandhar. Read the full analysis.
Hinton: Don't Give Up on Computer Science Degrees Yet
Geoffrey Hinton argues CS degrees remain crucial despite AI's rise, offering skills beyond coding like math and statistics. Discover why tech leaders are divided.
When Amitabh Bachchan Called Director Asking for Work
Director Suneel Darshan reveals how Amitabh Bachchan personally called him for a role during his 90s financial crisis and worked punishing double shifts for the film Ek Rishta. Read the inspiring story.
Canacol Energy in Debt Talks as Cash Reserves Dwindle
Colombia's top private gas producer, Canacol Energy, negotiates emergency financing to restructure debt as output declines. Will creditors agree? Full details inside.
Shilo Sanders Faces $250K NIL Transfer Allegations in Bankruptcy
NFL free agent Shilo Sanders, son of Deion Sanders, faces allegations of unauthorized $250,000 transfers from NIL deals amid Chapter 7 bankruptcy. His attorney disputes the claims, setting a potential precedent for athlete finances.
Byju's Offshore Firm Puts Aakash ₹250-Cr Rights Issue in Legal Jeopardy
Byju Raveendran's Singapore entity Beeaar Investco's role in Aakash's rights issue faces legal scrutiny amid QIA's $235M arbitration award. Experts warn of enforcement risk despite separate legal status. Read the full analysis.
Bronx Affordable Housing Project Files Chapter 11 Bankruptcy
Dynamic Star LLC, owner of Bronx's Fordham Landing, files Chapter 11 to halt foreclosure. $55M state funding for 900 affordable units now under review. Read the latest on this major NYC housing development.
Kerala HC Orders Byju's RP, GLAS, EY India Heads to Appear
Kerala High Court directs Byju's RP, GLAS representative & EY India Chairman to appear personally in contempt case over alleged asset transfer. Key hearing set for July 17.
iRobot's $191M Debt Sold to Supplier Amid Bankruptcy Risk
Carlyle Group sells troubled iRobot loan to Chinese supplier Santrum. The Roomba maker warns of potential bankruptcy without new capital. Read the full analysis.
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