Embrace Bankruptcy for Stronger Economy: EAC-PM Member
EAC-PM's Sanjeev Sanyal argues that allowing companies to fail is vital for India's economic dynamism. Learn why a 'continuous churn' is necessary for long-term strength.
Category : Search result: First Brands bankruptcy
IDFC First Bank to Declare Q3 FY26 Results on Jan 31
IDFC First Bank's board will meet on January 31, 2026, to approve Q3 FY26 financial results. The trading window is closed from Jan 1 to Feb 2. Read key details and past performance.
Why iRobot Failed: Ex-CEO Blames Chinese Rivals, Amazon
iRobot's co-founder Colin Angle explains how Chinese competitors and a blocked Amazon deal led to Roomba maker's bankruptcy. Read the full analysis of the robot vacuum market shift.
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.
Gadkari: 'Nation First' Beyond Slogans, Needs Honest History
Union Minister Nitin Gadkari launched 'My Idea of Nation First' in Delhi, defining true nationalism as rooted in truth and cultural continuity, not blind imitation. Read the full story.
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.
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.
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.
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.
Italian Police Investigate 13 Fashion Brands for Labour Abuse
Italian authorities visited 13 top fashion houses, including Prada and Gucci, seeking documents on supply-chain controls amid a probe into worker exploitation. Read the full details.
Global Retailers Scramble for India's Shoppers
From Lush to Lululemon, global fashion and personal-care brands are accelerating their India entry, driven by rising affluence and cooling demand elsewhere. Discover the key drivers reshaping India's $1.9 trillion retail market.
PayPal, Kreative Co. Partner for D2C Export Growth
Paypal announces strategic partnership with Kreative Co. at Engage D2C Summit to help Indian brands scale globally with seamless cross-border payments. Learn more.
Fireside Ventures Raises $253M for Early-Stage Indian Startups
Fireside Ventures secures $253 million for its fourth consumer-focused fund, attracting global investors. The firm plans 35-36 investments, backing health, wellness, and AI-driven brands in India's booming market.
UK Beauty Giants Headline Cosmoprof India 2025
Leading British beauty brands like The Body Shop and Molton Brown will exhibit at Cosmoprof India 2025 in Delhi. Discover trends and forge partnerships at this premier B2B event.
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.
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