Ashoka: Siddaramaiah's top feat is bankrupting Karnataka
BJP's Ashoka criticizes CM Siddaramaiah on equalling Devaraj Urs's record, alleging financial mismanagement has pushed Karnataka towards bankruptcy. Read the full political clash.
Category : Search result: Saks Global bankruptcy
Jefferies Seeks Ex-CEO Testimony in First Brands Case
Jefferies presses to question First Brands founder under oath amid a $715M invoice scandal. The legal battle intensifies as the former CEO cites the Fifth Amendment. Read the full details.
Saks in Talks for $1B Loan Ahead of Chapter 11 Filing
Saks Global Enterprises is negotiating a $1 billion loan for a potential Chapter 11 bankruptcy filing. The luxury retailer missed a $100M interest payment and faces sales decline. Read the full story.
Elon Musk's 2008 Fury: Tesla on Brink, Demanded Names
In 2008, Tesla neared bankruptcy as Elon Musk, amidst his divorce, raged at executives over faulty Roadster parts. Discover the untold story of Tesla's darkest hour. Read the full report.
IIT-Madras Global launched to become multinational university
External Affairs Minister S Jaishankar launches IITM Global Research Foundation. Initiative to establish IIT Madras as a globally networked hub with centres in US, Dubai, Malaysia, Germany. Read more.
Major Global Headwinds to Shape the World in 2024
From the wars in Ukraine & Gaza to climate crises & AI disruption, explore the powerful global headwinds set to define 2024's geopolitical and economic landscape. Understand the challenges ahead.
87% Success Rate for Student Loan Bankruptcy Discharge
A new study shows an 87% success rate for discharging student loans via bankruptcy, debunking a persistent myth. Learn how policy changes have made this path more accessible for millions of borrowers.
FY27 Budget: Deregulation, Decriminalisation Reforms Lined Up
The upcoming FY27 Union Budget will push for deregulation & decriminalisation of laws to fuel India's medium-term growth. Key amendments to Companies Act & IBC expected. Read more.
ICSME 2025 in Delhi Aims for Viksit Bharat, Global Growth
Global architects of growth converge in New Delhi for ICSME 2025, strategizing India's developed nation vision and a sustainable global economy. Explore the key insights.
Elon Musk's 2008 Tesla Crisis: 'Get Happy or Get Divorced'
Old footage reveals Elon Musk's tense 2008 ultimatum to Tesla team as both Tesla and SpaceX neared bankruptcy. Discover the inside story of the 'skin of their teeth' era. Read more.
NCLAT Sets Aside NCLT Order in Culver Max Insolvency Case
NCLAT overturns NCLT's dismissal of Culver Max's insolvency plea against Rechargekit Fintech, citing denial of opportunity to rectify defects. The case is remanded back to NCLT for fresh hearing.
PM Modi: India's Global Impact Visible Everywhere in 2025
In his Mann Ki Baat address, PM Modi highlighted India's growing global influence in 2025, citing achievements in tech, space, and diplomacy. Read the full analysis.
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.
Saks Stylist's $400K Scam: Clients Warned for Years
Boston's 'Fashion Whisperer' Suhail Kwatra faces fraud charges as Saks Fifth Avenue ignored client complaints for years. Read the full investigation into luxury retail's dark side.
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.
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.
Stylist Suhail Kwatra charged in ₹3.85 crore Saks Fifth Avenue scam
Indian-American stylist Suhail Kwatra faces larceny charges for allegedly stealing $429,400 from Saks Fifth Avenue via a returns scheme. Read the full story of his dramatic fall from grace.
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.
PM Modi Launches Global Traditional Medicine Library
PM Narendra Modi launches the WHO-backed Traditional Medicine Global Library, a digital hub for Ayurveda & yoga research. A major step for evidence-based global healthcare integration.
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.
Ashwagandha Debated at WHO Traditional Medicine Summit
Ashwagandha, a key Ayurvedic herb, took center stage at the 2nd WHO Global Traditional Medicine Summit in New Delhi. Experts discussed integrating traditional herbs into modern healthcare with scientific evidence. Read more.
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
WHO Hosts 2nd Global Summit on Traditional Medicine
WHO's second global summit in India focuses on integrating evidence-based traditional medicine into global health. Experts aim to bridge ancient wisdom with modern science for universal health coverage.
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.
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