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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.

5 Short New Year Getaways Near Delhi for a Quick Break

Escape Delhi's December chaos with these 5 nearby destinations. From Mussoorie's views to Lansdowne's silence, find your ideal short trip to start the year feeling refreshed. Plan your easy escape now.

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.

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.

Russia Bombers Near NATO; US-Venezuela Tensions Spike

Russia escalates tensions by moving strategic bombers near NATO. Simultaneously, a US military tanker nearly collides with a private jet near Venezuela, fueling a diplomatic crisis. Full details inside.

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

USAF Tanker Near-Miss Over Caribbean Sparks Outrage

A US Air Force tanker without a transponder forced a JetBlue flight into evasive action. The pilot called it 'outrageous,' raising major safety concerns near Venezuela. Read the full report.

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