Search For "bankruptcy"
Tennis legend Boris Becker sentenced to two and half years of jail after b
Updated : 3 years, 10 months ago IST
London [UK], April 29 (ANI): Tennis legend Boris Becker has been jailed for two and a half years for hiding Euro 2.5 million worth of assets and loans to avoid paying his debts. The three-time Wimbledon champion was found guilty of four charges under the Insolvency Act between June 21 and
Read More
Six times Gland Slam champion Boris Becker found guilty of four charges af
Updated : 3 years, 11 months ago IST
London [UK], April 8 (ANI): Retired German tennis star and three times Wimbledon champion Boris Becker was found guilty of four charges under the Insolvency Act related to his 2017 bankruptcy on Friday.
Read More
Recent Centre Initiated reforms - Giving wings to the Indian economy
Updated : 3 years, 11 months ago IST
New Delhi [India], April 5 (ANI/PNN): The government has been initiating and rolling out many policy measures and reforms to achieve the vision of a USD 5 trillion Indian Economy by the year 2025. Realizing that implementing reforms and being self-reliant are the critical factors to achievin
Read More
Lebanon's deputy PM declares country's bankruptcy, talks with IMF
Updated : 3 years, 11 months ago IST
Beirut [Lebanon], April 4 (ANI/Xinhua): Lebanon's Deputy Prime Minister Saade Chami on Monday announced "the bankruptcy of the state and the Central Bank of Lebanon," al-Jadeed local TV channel reported.
Read More
Creditors realise 221 per cent of liquidation value through insolvency res
Updated : 3 years, 12 months ago IST
New Delhi [India], March 15 (ANI): Financial creditors realised 221 per cent of liquidation value and 51 per cent of admitted claims through the corporate insolvency resolution process, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.
Read More
Exiled Chinese businessman Guo Wengui files for bankruptcy
Updated : 4 years ago IST
New York [US], February 18 (ANI): Exiled Chinese businessman Guo Wengui filed for bankruptcy protection after a New York judge ordered him to pay USD 134 million in fines for moving a yacht out of the reach of an unpaid lender.
Read More
Ravi Mital appointed head of Insolvency and Bankruptcy Board of India
Updated : 4 years, 1 month ago IST
New Delhi [India], February 9 (ANI): Ravi Mital, a 1986 batch Indian Administrative Service (IAS) officer of Bihar cadre, on Wednesday took charge as Chairperson of Insolvency and Bankruptcy Board of India.
Read More
Number of suicides between 2018-2020 due to unemployment stand at 9,140, U
Updated : 4 years, 1 month ago IST
New Delhi [India], February 9 (ANI): Number of suicides due to unemployment during 2018-2020 stand at 9,140 as per records of National Crime Records Bureau (NCRB), replied Union Home Ministry in Rajya Sabha on Wednesday.
Read More
Sri Lanka could go bankrupt this year as inflation rises to record levels:
Updated : 4 years, 2 months ago IST
Colombo [Sri Lanka], January 9 (ANI): Sri Lanka is facing a deepening financial and humanitarian crisis that could lead it to bankruptcy in 2022 as inflation rises to record levels, said a media report.
Read More
Insolvency proceedings against Reliance Capital begin; RBI files applicati
Updated : 4 years, 3 months ago IST
New Delhi [India], December 3 (ANI): The Reserve Bank on Thursday filed an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) against Reliance Capital under sections of Insolvency and Bankruptcy Code, 2016 at the Mumbai Bench of the National Company Law Trib
Read More
Reliance Capital welcomes RBI's decision, blames complexity of litigation
Updated : 4 years, 3 months ago IST
New Delhi [India], November 30 (ANI): Reliance Capital Limited welcomed the Reserve Bank of India's (RBI) decision to resolve the company's debt in accordance with the Insolvency and Bankruptcy (IBC) Code.
Read More
Insolvency and Bankruptcy Code, 2016 a gamechanger reform, says Piyush Goy
Updated : 4 years, 3 months ago IST
New Delhi [India], November 25 (ANI): The Union Minister of Commerce and Industry Piyush Goyal on Thursday termed the Insolvency and Bankruptcy Code (IBC), 2016 as a "gamechanger reform" that has been the most successful law in insolvency resolution in the country.
Read More