Search For "bankrupt"
Ind-Ra downgrades Haldia Petrochemicals to AA-minus with negative outlook
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], June 29 (ANI): India Ratings and Research (Ind-Ra) on Monday downgraded Haldia Petrochemicals Ltd's (HPL's) long-term issuer rating to AA-minus from AA while resolving the rating watch negative (RWN).
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Study analyses differential impact of major life events on people's well b
Updated : 5 years, 11 months ago IST
Sydney [Australia], June 6 (ANI): Major life events such as marriage, childbirth, bankruptcy are known to affect one's wellbeing. However, for the first time, researchers have analysed the differing degree these events hold, which can eventually impact one's happiness and life satisfaction.
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Study examines impact of major life events on wellbeing
Updated : 5 years, 11 months ago IST
Sydney [Australia], June 3 (ANI): In a person's life, the major life events such as marriage, death of a loved one or bankruptcy all affect our wellbeing. Now, for the first time, researchers have compared the differing impact of these events on happiness and life satisfaction and how long t
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Amendments made in IBC by enhancing default limit from Rs 1 lakh to Rs 1 c
Updated : 5 years, 12 months ago IST
New Delhi [India], May 30 (ANI): Amendments have been made in the Insolvency and Bankruptcy Code (IBC) by enhancing the default limit from Rs 1 lakh to Rs 1 crore.
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Dhir&Dhir Associates establishes a dedicated COVID-19 advisory desk
Updated : 6 years ago IST
New Delhi [India] May 21 (ANI/BusinessWire India): With the world's most massive lockdown to date in its fourth stage, the legal fraternity both in law firms and corporates are gearing up to meet the crisis with utmost brevity and force.
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IBC extension, reforms, focus on rural economy among laudable features of
Updated : 6 years ago IST
New Delhi [India], May 17 (ANI): Describing emergent measures like one-year abeyance for the insolvency proceedings under Insolvency and Bankruptcy Code (IBC) and further reducing company law compliance burden as a hallmark of an agile and responsive government, the ASSOCHAM today said the P
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Coronavirus-related debts to be excluded from defaults under IBC
Updated : 6 years ago IST
New Delhi [India], May 17 (ANI): Corporate debts related to COVID-19 pandemic will be excluded from default category under the Insolvency and Bankruptcy Code (IBC) for a period of up to one year, Finance Minister Nirmala Sitharaman said on Sunday.
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JC Penney pushed into bankruptcy by Covid-19 pandemic
Updated : 6 years ago IST
New York [USA], May 16 (ANI): The 118-year-old department store chain JC Penny has been pushed into Chapter 11 bankruptcy due to falling sales amid the coronavirus pandemic, the fourth major US retailer to meet that fate.
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InterGlobe Enterprises now confirms interest in Virgin Australia
Updated : 6 years ago IST
Gurugram (Haryana) [India], May 15 (ANI): InterGlobe Enterprises, the parent company of India's largest airline IndiGo, confirmed its interest in buying out Virgin Australia on Friday in a dramatic reversal of its stand barely four days ago.
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Abhijit Banerjee raises concern towards bankruptcy, demand shortfall; says
Updated : 6 years ago IST
New Delhi [India], May 5 (ANI): In an interaction with Congress leader Rahul Gandhi on Tuesday, Nobel Laureate Abhijit Banerjee raised concerns towards a chain of bankruptcies and demand shortfall in dealing with the economic fallout of COVID-19 and said India needs a "stimulus package".
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Singapore's legandary oil trader in debt trap amid COVID-led oil price plu
Updated : 6 years, 1 month ago IST
Singapore, April 27 (ANI): Hin Leong Trading, once a colossus in Singapore's oil trading community, has filed for bankruptcy protection after the collapse of global oil prices due to COVID-19 outbreak.
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IMF urges countries to spend all they can during coronavirus pandemic
Updated : 6 years, 1 month ago IST
Washington DC [USA], April 16 (ANI): IMF Managing Director Kristalina Georgieva has outlined the difficult economic environment countries are facing because of the COVID-19 epidemic and her global plan of action to take it on.
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