Adani Wins Bid for Bankrupt Jaiprakash Associates
Gautam Adani's Adani Enterprises secures creditors' approval to take over bankrupt Jaiprakash Associates, gaining assets worth ₹35,000 crore across cement, power and hospitality sectors.
Category : Search result: Saks Global bankruptcy
Adani wins $1.53bn Jaiprakash takeover bid
Adani Enterprises secures creditor approval for $1.53 billion Jaiprakash Associates acquisition, beating Vedanta's higher offer with better payment terms. Key details inside.
Lugano Holdings Files Bankruptcy Amid $500M Liabilities
Lugano Holdings Inc., operator of luxury jewelry boutiques, files for Chapter 11 bankruptcy with over $500 million liabilities after former CEO fraud scandal. Stores remain open during sale process.
SC to Rule on Spectrum Sale in Telco Insolvency Cases
Supreme Court deliberates whether telecom spectrum can be sold during bankruptcy. Government ministries divided as ₹40,000 crore remains stuck in Aircel, RCom cases. Read the full analysis.
US Ice Cream Brands Shut Shops Amid Bankruptcy, Issues
Major US ice cream chains like Dairy Queen and Freddy's face store closures due to Chapter 11 bankruptcy filings and franchisee troubles. Get the full story here.
SC to Rule on Telecom Spectrum Ownership in Bankruptcy
Supreme Court's upcoming decision will determine if telecom spectrum can be liquidated under IBC for lenders to recover dues from bankrupt telcos like Aircel and RCom. Read full analysis.
Purdue Pharma Wins Bankruptcy Approval in Opioid Case
Purdue Pharma receives court approval for $7.4 billion opioid settlement after Supreme Court intervention. Sackler family to pay $6.5 billion over 15 years in landmark case.
Purdue Pharma $7B Opioid Settlement Gets Court Nod
Federal judge approves Purdue Pharma's bankruptcy plan requiring Sackler family to pay $7 billion and surrender company ownership. Thousands of opioid victims to receive compensation in historic settlement.
China's Household Debt Crisis Impacts 83 Million People
China's household debt crisis deepens with 83 million potentially in arrears. Rising defaults, aggressive collectors, and economic pressures challenge middle-class stability. Read analysis.
Sonder Bankruptcy: Guests Evicted After Marriott Split
Sonder Holdings files for Chapter 7 bankruptcy, terminating its Marriott deal and leaving guests stranded worldwide. A travel nightmare unfolds for customers.
SBI, Govt Clash in SC Over Spectrum Sale in Insolvency
State Bank of India argues spectrum can be sold under insolvency to recover dues, while government maintains it belongs to the state. Supreme Court hearing continues.
First Brands Seeks New Invoice Financing After Fraud
Bankrupt auto supplier First Brands Group is reviving invoice financing despite previous fraud allegations. Learn how this move could provide cheaper liquidity.
Shreeji Global FMCG ₹85 Crore IPO Closes Nov 7
Shreeji Global FMCG Limited launches ambitious ₹85 crore IPO to fuel expansion and strengthen market position. Discover key dates, price band, and growth plans.
American Gambits Secure Fyers as Title Sponsor
Global Chess League's American Gambits announce groundbreaking title sponsorship with Fyers, marking a significant milestone in chess commercialization and international sports partnerships.
ICAI Proposes IBC Reforms to Parliament Panel
The Institute of Chartered Accountants of India submits comprehensive recommendations for Insolvency and Bankruptcy Code amendments to strengthen corporate resolution framework.
IBBI Aligns Bankruptcy Code with Anti-Money Laundering Laws
IBBI makes landmark move to integrate bankruptcy proceedings with PMLA, creating powerful new weapon against financial fraud and strengthening India's financial ecosystem.
American Airline's Kenai Aviation Collapses, Halts All Flights
Kenai Aviation, owned by American Airlines, ceases all operations amid financial insolvency. Pandemic-era debt and economic pressures blamed for the airline's dramatic collapse.
Bhutan Calls for Global Prayer for Peace
The Himalayan kingdom of Bhutan invites people worldwide to join a special prayer session for global peace and harmony during times of international turmoil and conflict.
Jack's Donuts Files for Chapter 11 Bankruptcy
Popular American donut chain Jack's Donuts has filed for Chapter 11 bankruptcy protection. Learn about the financial challenges, store closures, and future plans for this Indiana-based franchise.
Indian B-schools Jindal GBS & GIM get AACSB accreditation
Two premier Indian B-schools join elite global business education network with prestigious AACSB accreditation, marking a significant milestone for management education in India.
Vaibhav Global Q2 PAT jumps 71% to ₹48 crore
Vaibhav Global Limited (VGL) delivers outstanding Q2 FY25 results with 71% YoY PAT surge to ₹48 crore and 11% revenue growth. Discover how this retail giant is dominating the electronic retail space.
Candy Warehouse Files Bankruptcy Before Halloween Season
Major US candy distributor Candy Warehouse collapses into Chapter 11 bankruptcy just before crucial Halloween season, citing dramatic sales decline and economic pressures.
Uncle Nearest Whiskey Faces Bankruptcy Crisis
Uncle Nearest Premium Whiskey, the acclaimed Black-owned spirits company, faces severe financial distress with potential Chapter 11 bankruptcy filing amid mounting debt and legal battles.
India's Leadership Paves Path to Vishwaguru Status
Discover how India's transformative leadership and strategic reforms are positioning the nation as a global leader and economic powerhouse on the world stage.
Anand Launches Global Chess League Center in Dallas
Five-time world champion Viswanathan Anand inaugurates groundbreaking Global Chess League Experience Center in Dallas, featuring cutting-edge technology and interactive exhibits to transform chess engagement worldwide.
PrimaLend Bankruptcy: Subprime Lending Crisis in India
PrimaLend's shocking bankruptcy filing exposes deepening stress among subprime borrowers in India. Discover how this collapse could trigger wider financial tremors and what it means for the lending industry.
Puerto Rico Utility Bankruptcy Restarts as Board Returns
The Puerto Rico Electric Power Authority's bankruptcy case has been officially reopened after board members returned to their posts, marking a significant development in the territory's ongoing debt restructuring efforts.
Guterres: Global Unity Needed to Address World Challenges
UN Secretary-General Antonio Guterres emphasizes that only through united global cooperation can humanity overcome pressing international crises including climate change and conflicts.
Vegas VR Arcade Bankrupt After One Year
A massive virtual reality entertainment venue on the Las Vegas Strip has filed for Chapter 7 bankruptcy after operating for only one year, raising questions about the viability of high-tech attractions in prime tourist locations.
Supreme Court Ends Gstaad Hotels Insolvency Battle
In a landmark ruling, India's Supreme Court dismisses Gstaad Hotels' appeal, upholding NCLT's insolvency order. Founder Deepak Raheja's seven-year legal battle concludes as financial troubles force luxury hotel chain into corporate insolvency.
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