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.
Category : Search result: US bankruptcy court
HC Orders Fast-Track Trial for Yemeni Man, Cites Financial Burden
Delhi High Court orders expedited trial for a Yemeni national facing multiple cases, noting his prolonged detention is a financial burden on the state. Details inside.
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.
Bihar Court Employees' Silent Protest on Jan 16-17, 2026
Bihar State Civil Court Employees' Association announces a two-day silent protest in January 2026 over pending service demands like pay revision and SOP. Read details.
SC Approves Kolhapur as Additional Bombay High Court Bench
The Supreme Court has approved the Bombay High Court's notification to establish Kolhapur as an additional bench. This move aims to enhance judicial access for Maharashtra's western region. Read more about this landmark decision.
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.
Calcutta HC Allows Foreign Courts in Indian Divorce Cases
Calcutta High Court rules UK courts can hear divorce & maintenance for a marriage solemnised in India if a spouse lives there. Key ruling on jurisdiction under Hindu Marriage Act.
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.
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.
Special SC Vacation Bench Led by CJI to Sit on December 22
Chief Justice of India Surya Kant will lead a special vacation bench on December 22 to hear urgent matters. This move ensures judicial access during the Supreme Court's winter break.
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.
Jodhpur Lawyers Protest Over Broken 48-Year Court Tradition
Lawyers at Rajasthan High Court in Jodhpor staged massive protests after Acting Chief Justice scheduled hearings on a day traditionally boycotted for 48 years. They demand a permanent CJ.
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.
Mahesh Sonak to be Jharkhand High Court Chief Justice
Supreme Court collegium approves Justice Mahesh Sharadchandra Sonak of Bombay HC as the next Chief Justice of Jharkhand High Court. He will succeed Justice Tarlok Singh Chauhan, who retires on January 8, 2025.
Bomb Threat at Bombay High Court, Mumbai Courts Evacuated
A bomb threat email triggered mass evacuations at Bombay High Court and other Mumbai courts. Police conducted searches, operations resumed. Stay updated on the security situation.
Bombay High Court evacuated following bomb threat email
The Bombay High Court and other courts in Mumbai were evacuated after receiving bomb threats via email. Police deployed bomb detection squads. This is a developing story.
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.
HP High Court Warns Officer Over Unpaid Judges' Dues
Himachal Pradesh High Court threatens contempt action against Finance Secretary for defying Supreme Court order to clear pending dues of retired judges. Next hearing could trigger punitive steps.
SC Stops Construction on Disputed 100 Acres in Hyderabad
Supreme Court directs private claimants to halt all construction on disputed Shamshabad land allegedly owned by HMDA. Case involves allegations of fabricated court orders. Read the full legal saga.
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.
SC Stays HC Order on 7-Fold Maintenance Hike for Pune Wife
Supreme Court stays Bombay HC order enhancing wife's maintenance from ₹50k to ₹3.5 lakh/month. Husband directed to clear arrears. Next hearing in 2026. 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
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.
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