PIL Seeks SC Probe into ₹31,580 Crore RCOM Fraud
A PIL demands a Supreme Court-monitored probe into alleged ₹31,580 crore banking fraud by Reliance Communications, Anil Ambani. Read the full details of the case and forensic audit findings.
Category : Search result: Aircel RCom bankruptcy
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.
SC Reserves Verdict on Aircel, RCom Spectrum Insolvency
Supreme Court concludes hearing on whether telecom spectrum can be sold under IBC. The verdict will impact lenders' dues recovery and set a precedent for future cases. Read more.
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.
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.
SC Allows Spectrum Transfer in Aircel Insolvency Case
In a groundbreaking verdict, India's Supreme Court clears the path for telecom spectrum transfer during corporate insolvency, providing major relief to stressed telecom companies and reshaping the industry's future.
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.
ED probes Reliance Infra, RCOM in ₹2,000 Cr forex case
Enforcement Directorate escalates money laundering investigation against Anil Ambani's Reliance Infrastructure and Reliance Communications over suspected FEMA violations involving foreign assets and land deals.
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.
Anil Ambani Withdraws Plea in ₹750 Cr RCom Loan Case
In a dramatic turn of events, Anil Ambani withdraws his interim relief plea against IDBI Bank in the ₹750 crore RCom loan case. Get exclusive details about the Mumbai court proceedings and what's next in this high-stakes financial battle.
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.
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.
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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