Search For "bankruptcy"
Scams pushing Haryana into bankruptcy, govt finding it difficult to pay em
Updated : 5 years, 7 months ago IST
Chandigarh (Haryana) [India], Aug 11 (ANI): Slamming the Haryana government, former Chief Minister and Leader of Opposition Bhupinder Singh Hooda on Tuesday said scams are pushing the state into bankruptcy and the state government is not able to meet its employees' salary obligations on t
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India's bank debt restructuring to delay NPL recognition: Fitch
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 11 (ANI): The Reserve Bank of India's (RBI's) recent proposal to allow banks to restructure many types of loans will extend uncertainty over the banking sector's asset quality, Fitch Ratings said on Tuesday.
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Plea challenges IBC (Amendment) Ordinance 2020, Delhi HC issues notice
Updated : 5 years, 7 months ago IST
New Delhi [India], July 28 (ANI): The Delhi High Court on Tuesday issued a notice to the central government on a petition challenging the constitutional validity of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020, suspending provisions of Section 7, 9 and Section 10 of the Ins
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IL&FS board upgrades estimates of debt addressed to over Rs 57,000 cro
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 20 (ANI): The new board of IL&FS Ltd on Monday shared an update on the progress of ongoing resolution process across the group and revised its estimates of debt being addressed to well above 50 per cent of the overall debt of over Rs 99,000 crore.
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Amid spike in COVID-19 cases, hopes of US economic recovery may be fizzlin
Updated : 5 years, 8 months ago IST
Washington DC [USA], July 14 (ANI): Hopes of a US economic recovery from the coronavirus pandemic has been jolted with several companies announcing layoffs and filing for bankruptcy.
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Nepal PM Oli's Ayodhya claim shows his 'mental bankruptcy': Keshav Prasad
Updated : 5 years, 8 months ago IST
New Delhi [India], July 14 (ANI): Uttar Pradesh Deputy Chief Minister Keshav Prasad Maurya on Tuesday slammed Nepal Prime Minister KP Sharma Oli for claiming that Ayodhya, the birthplace of Lord Rama, is in Nepal and Lord Rama was Nepali and said that such statement shows his "mental bankrup
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PNB reports Rs 3,689 crore exposure to DHFL as fraud
Updated : 5 years, 8 months ago IST
New Delhi [India], July 10 (ANI): Government-owned Punjab National Bank (PNB) has reported a fraud of Rs 3,688.58 crore in the non-performing asset (NPA) account of non-banking financial company Dewan Housing Finance Ltd (DHFL) which is in bankruptcy proceedings.
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Ind-Ra downgrades Haldia Petrochemicals to AA-minus with negative outlook
Updated : 5 years, 8 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, 9 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, 9 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, 9 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 : 5 years, 9 months 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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