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.
Category : Search result: US bankruptcy court
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.
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.
Guwahati Lawyers Protest High Court Relocation Plan
Hundreds of lawyers in Guwahati rally against the proposed shifting of the High Court bench to a new location. Massive protests disrupt city traffic as legal fraternity demands government reconsideration.
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.
Justice Surya Kant: Turning Judicial Promises into Performance
Justice Surya Kant's ambitious vision for Supreme Court transformation faces its biggest test - turning promises into tangible judicial reforms that benefit every Indian citizen.
High Court: Evidence Trumps Procedural Errors in Court Martial
Punjab & Haryana High Court delivers landmark judgment affirming that convictions stand if evidence is solid, even with procedural flaws in confession recording. Key ruling for Indian military justice system.
Bombay HC quashes divorce decree for lack of reasoning
In a significant ruling, the Bombay High Court sets aside a Family Court's divorce decision, citing insufficient reasoning and failure to consider crucial evidence. Landmark judgment emphasizes judicial accountability.
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.
Delhi HC fines litigant ₹1L for court misrepresentation
Delhi High Court imposes heavy costs on a litigant who attempted to mislead the court by misrepresenting himself, marking a strong stance against abuse of legal process.
Defending Supreme Court Vacations: Justice Needs Breaks
Discover why Supreme Court vacations are essential for judicial efficiency and quality judgments, not mere holidays. An in-depth analysis of how breaks sustain India's justice system.
SC transfers judicial officer's hit-and-run case to Delhi
In a significant judicial development, the Supreme Court has transferred the trial of a hit-and-run accident case involving a judicial officer from Punjab to Delhi, citing concerns over fair trial proceedings.
Tara acquitted in 16-year UAPA case: No evidence
In a major judicial development, a special court acquits Tara after 16 years of legal battle in a UAPA and Arms Act case, citing complete absence of credible evidence against the accused.
SC: Lawyers Must Know When to Stop Arguing
The Supreme Court of India issues crucial guidance for advocates, emphasizing courtroom decorum and judicial efficiency. Learn when lawyers should gracefully conclude their arguments.
Madras HC backs Centre's OFB corporatisation move
Madras High Court dismisses petition challenging Centre's corporatisation of Ordnance Factory Board. Major defence sector reform to proceed despite worker opposition.
HC fines Punjab DGP ₹2L for ignoring vehicle order
In a major setback for Punjab Police, the High Court imposes heavy costs on DGP and three senior officers for failing to comply with orders regarding illegally modified vehicles. The court demands immediate action and personal affidavits.
SC refuses to quash case for Babri Masjid social media post
India's Supreme Court dismisses plea to drop criminal proceedings against Kerala law graduate for controversial social media post about rebuilding Babri Masjid. Case highlights free speech boundaries.
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.
HC Contempt Charges vs Punjab DGP, 3 IAS Officers
In a major development, Punjab DGP Gaurav Yadav and three senior IAS officers face contempt charges from Punjab & Haryana High Court for failing to implement salary deductions of officials with tainted records. The court's stern action highlights serious
Delhi Court Denies Maintenance to Woman Lawyer
A Delhi court rejects interim maintenance for a woman lawyer, citing exaggerated financial claims and questioning the validity of her case against her estranged husband, also a lawyer.
Tailor fined Rs 7000 for wedding blouse delay
A Gujarat tailor faces Rs 7,000 fine for delaying a woman's wedding blouse stitching. Court orders compensation for mental harassment caused by the professional negligence.
Karnataka HC stays govt order on RSS activities
In a significant legal development, the Karnataka High Court has stayed the state government's controversial order restricting RSS activities. The interim order marks a major setback for Chief Minister Siddaramaiah's administration.
Justice Surya Kant recommended as next CJI
Chief Justice DY Chandrachud recommends Justice Surya Kant as his successor in a historic move that will shape India's judicial landscape for years to come.
SC Upholds Special Courts' Power in NDPS Vehicle Seizures
In a significant verdict, the Supreme Court has ruled that special courts cannot be stripped of their authority to order the release of vehicles seized under the Narcotic Drugs and Psychotropic Substances Act. This landmark judgment clarifies judicial pow
Gujarat HC: Tribunals Must Resist Litigant Pressure
In a landmark observation, Gujarat High Court emphasizes judicial independence, directing tribunals to resist coercion and intimidation tactics from litigants during proceedings.
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