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.
Category : Search result: Karnataka bankruptcy
2025 Year-End Review: Extreme Weather Wreaks Havoc in Karnataka
As 2025 ends, Karnataka's extreme weather events highlight its fragile landscape. A recap of the heatwaves, floods, and landslides that caused widespread damage to life, crops, and property. Read the full analysis.
Karnataka expands mid-day meals to pre-primary, PU students
Karnataka government announces major expansion of mid-day meal scheme to cover pre-primary and Pre-University students, aiming to combat malnutrition and boost learning. New school initiatives also unveiled.
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.
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.
12 Cases for Pro-Pakistan Slogans in Karnataka
Karnataka Home Minister G Parameshwara informed the Assembly that 12 cases were registered for raising pro-Pakistan slogans. He also revealed recommendations to dismiss police officials involved in crimes. Read the full report.
Karnataka Assembly passes 6 resolutions for North Karnataka
The Karnataka Legislative Assembly has passed six crucial resolutions focused on the development of North Karnataka, including a push for an AIIMS in Raichur. Get the full details on the landmark decisions.
Karnataka Council Clears 11 Bills in One Day
Karnataka's Legislative Council passed 11 crucial bills, including the Karnataka Land Revenue Amendment Bill, in a single day. Key legislation on land, co-operative societies, and more approved. Read the full details.
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.
Karnataka Council Passes 11 Bills, Including Education Reforms
The Karnataka Legislative Council approved 11 crucial bills in one day, including amendments to the Karnataka State Universities Act. Discover the key legislative changes.
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
Karnataka Assembly nod sought for ₹6,280 crore budget
Karnataka government tables supplementary budget of ₹6,280 crore, including ₹10 crore for Davos delegation. Get the latest details on fund allocation and Assembly approval.
Karnataka Govt Announces International Job Fair for 2025
Karnataka's Department of Skill Development will host an International Job Fair in 2025, targeting 10,000+ jobs for skilled youth. Learn about the state's new employment initiatives.
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.
Karnataka Increases Maize Procurement Cap to 50 Quintals
Karnataka government raises maize procurement limit to 50 quintals per farmer, offering ₹2,090 per quintal. A major relief for growers facing price volatility. Read details.
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.
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.
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.
Ex-Corporator Warns of Bankruptcy for Bengaluru Civic Bodies
Former corporator N R Ramesh warns Bengaluru's GBA and new civic bodies risk bankruptcy, citing a revenue gap. Property tax collection stands at only Rs 4,500 crore. Read the full analysis.
Realty IBC Reforms Pushed to Later Phase
Government to introduce corporate IBC amendments first, delaying structural reforms for homebuyers and stuck projects. Key changes for real estate require further consultation. #IBC #RealEstate
Anupam Kher: From Rs 400 to Rs 3 Crore Per Film
Anupam Kher reveals how he faced near bankruptcy with only Rs 400 in bank, mortgaged properties, and made remarkable comeback charging Rs 3 crore per film. Read his inspiring story.
Jaiprakash Gaur's Legacy Ends in Bankruptcy
At 94, Jaiprakash Gaur watches his life's work collapse as NCLT admits Jaiprakash Associates into insolvency. Read about his rags-to-riches story and ultimate downfall.
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