Search For "bankruptcy"
IBC extension, reforms, focus on rural economy among laudable features of
Updated : 5 years, 10 months 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 : 5 years, 10 months 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 : 5 years, 10 months 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 : 5 years, 10 months 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 : 5 years, 10 months 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 : 5 years, 10 months 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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Punjab CM urges Centre to reconsider decision on full wages to workers ami
Updated : 5 years, 11 months ago IST
Chandigarh (Punjab) [India], April 14 (ANI): Punjab Chief Minister Captain Amarinder Singh on Tuesday urged the Centre to reconsider its directives asking industries, shops and commercial establishments to continue paying full wages to their workers during COVID-19 lockdown as this may push
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Goa CM should release white paper on financial status of state: Congress
Updated : 5 years, 11 months ago IST
Margao (Goa) [India], April 9 (ANI): Congress leader Girish Chodankar on Thursday alleged that Goa has been pushed into bankruptcy by the BJP government and said that Chief Minister Pramod Sawant should release a white paper on the financial status of the State immediately.
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IBBI amends CIRP regulations to provide relief amid lockdown
Updated : 5 years, 11 months ago IST
New Delhi [India], Mar 31 (ANI): To address the difficulty faced by the lockdown due to COVID-19, the Insolvency and Bankruptcy Board of India (IBBI) amended the Corporate Insolvency Resolution Process (CIRP) regulations to provide relief in the corporate insolvency resolution process.
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Airbus halts production in France, Spain as COVID-19 related measures are
Updated : 5 years, 12 months ago IST
Amsterdam [The Netherlands], Mar 17 (ANI): Planemaker Airbus said on Tuesday it has decided to temporarily pause production and assembly activities at its French and Spanish sites for the next four days after implementation of new measures to contain the COVID-19 pandemic.
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COVID-19: Most airlines face bankruptcy by May, govt action needed to avoi
Updated : 5 years, 12 months ago IST
New Delhi [India], Mar 17 (ANI): As coronavirus spreads across the globe, a report by CAPA--Centre for Aviation has claimed that by the end of May-2020 most airlines in the world will be bankrupt amid the current COVID-19 scare.
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BJP issues whip to its RS MPs, asks them to be present on Thursday
Updated : 6 years ago IST
New Delhi [India], Mar 11 (ANI): The Bharatiya Janata Party (BJP) on Wednesday issued a whip to its Rajya Sabha MPs to be present in House on March 12.
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