Search For "bankrupt"
China's push for homegrown chipmakers leads to multimillion-dollar investm
Updated : 5 years, 3 months ago IST
Beijing [China], February 13 (ANI): China has the ambition to create a "national champion" in the semiconductor industry, however, this desire has led to a series of reckless investments in poorly planned projects, many of which went bankrupt within a couple of years after swiping multimilli
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China's Luckin Coffee files for bankruptcy in US, months after Nasdaq deli
Updated : 5 years, 3 months ago IST
New York [US], February 8 (ANI): Months after being delisted from Nasdaq for inflating sales fraudulently, China-based Luckin Coffee has filed for bankruptcy in the United States after the company admitted that sales worth millions of dollars had been fabricated.
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Court approves $17 million payout for Harvey Weinstein's victims
Updated : 5 years, 4 months ago IST
Washington [US], January 26 (ANI): A US bankruptcy court judge has approved a $17 million payout to women who accused the disgraced movie mogul Harvey Weinstein of sexual misconduct.
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SC upholds laws protecting new owners of bankrupt companies
Updated : 5 years, 4 months ago IST
New Delhi [India], January 20 (ANI): The Supreme Court on Tuesday upheld laws that protect new owners of insolvent companies from the charges filed against the previous management.
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BJP has left MCDs bankrupt; NDMC, EDMC owe Rs 6,276 crores to Delhi govt,
Updated : 5 years, 4 months ago IST
New Delhi [India], January 14 (ANI): Launching an attack on the Bharatiya Janata Party (BJP), Deputy Chief Minister of Delhi Manish Sisodia on Thursday said that BJP ruled councils have left the Municipal Corporation of Delhi (MCD) bankrupt.
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Mallya receives fresh blow as judge denies appeal to dismiss bankruptcy pr
Updated : 5 years, 4 months ago IST
London [UK], January 13 (ANI): The UK High Court today refused an appeal by the fugitive businessman Vijay Mallya to dismiss the bankruptcy petition brought by a consortium of banks which are attempting to recover the debts owed by Mallya's now-defunct Kingfisher Airlines in lieu of the loan
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UK High Court refuses to release money for Vijay Mallya
Updated : 5 years, 4 months ago IST
London [UK], January 13 (ANI): Fugitive businessman Vijay Mallya has been denied access by a UK court to a significant chunk of his cash held by the UK court funds office as part of the wider bankruptcy proceedings against him launched by a consortium of Indian banks.
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M&M's subsidiary Ssangyong Motor files for bankruptcy
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], Dec 21 (ANI): SsangYong Motor Company (SYMC), the South Korean subsidiary of Mahindra and Mahindra (M&M), on Monday informed the Korean Stock Exchange regarding start of a rehabilitation procedure with the Seoul Bankruptcy Court.
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Cyril Amarchand Mangaldas Advises Senvion Group in Relation to Global Rene
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra)/ New Delhi [India], December 21 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the Indian legal counsel to Senvion GmbH (Senvion GmbH) on selling its entire stake in the India operations of Senvion spread across its various entities ("Senvion India") to Global Renewa
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250,000 Germans may lose jobs due to COVID restrictions, says Retail Feder
Updated : 5 years, 5 months ago IST
Berlin [Germany], December 16 (ANI/Sputnik): Up to 250,000 people may lose their jobs, with roughly 50,000 enterprises facing bankruptcy, if the German government does not provide adequate financial support to cover the losses caused by new anti-coronavirus restrictions that will close non-e
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Pakistan on brink of bankruptcy under Imran Khan govt: PDM
Updated : 5 years, 5 months ago IST
Quetta [Pakistan], December 5 (ANI): While addressing a public meeting at the Bacha Khan Chowk, leaders of the Pakistan Democratic Movement (PDM) consisting of an 11-party alliance, said that the wrong policies of the Imran Khan-led government had brought the country to the brink of economic
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Parliament passes bill to amend Insolvency and Bankruptcy Code
Updated : 5 years, 8 months ago IST
New Delhi [India], September 21 (ANI): The Parliament on Monday passed a bill that temporarily suspends initiation of corporate insolvency resolution process under the IBC, for a period not exceeding one year from March 25, to provide relief to companies affected by COVID-19 to recover fr
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