Search For "bankruptcy"
"Our difficult times have not ended": Sri Lankan President in budget speec
Updated : 2 years, 4 months ago IST
Sri Lankan President Ranil Wickremesinghe presented the 2024 budget of his government with a focus on ensuring that the country doesn't fall into economic bankruptcy again, Colombo Gazette reported.
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WeWork's catastrophic collapse: Tech unicorn files for bankruptcy in US
Updated : 2 years, 4 months ago IST
In a news release, CEO of WeWork David Tolley said, "Now is the time for us to pull the future forward by aggressively addressing our legacy leases and dramatically improving our balance sheet. We remain committed to investing in our products, services, and world-class team of employees to s
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Britain’s second-biggest city declares itself bankrupt
Updated : 2 years, 6 months ago IST
Birmingham City Council, which provides services to more than a million people, submitted a Section 114 notice on Tuesday, suspending all expenditures from those for essential services.
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Evergrande Group's shares plummet over 80pc in Hong Kong
Updated : 2 years, 6 months ago IST
World's most indebted real state developer, Evergrande Group's shares plummeted 87 per cent on Monday after the lifting of a 17-month trading suspension.
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"Insolvency and Bankruptcy Code a crucial milestone in the economic reform
Updated : 2 years, 6 months ago IST
Stressing that the Insolvency and Bankruptcy Code, implemented in 2016, is a crucial milestone in the economic reforms, Prime Minister Narendra Modi on Saturday said that India, which used to be counted among the "Fragile Five" economies, is now being considered a bright spot in the globa
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China faces 'Lehman Moment' fears as big investment firm misses payments
Updated : 2 years, 6 months ago IST
The term 'Lehman moment' refers to the catastrophic event in September 2008 in which Lehman Brothers, then the eighth-largest investment bank in the United States filed for bankruptcy, triggering a domino effect that sent shockwaves throughout the global financial system, resulting in the wo
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Evergrande's bankruptcy signals beginning of China’s real estate crisis: E
Updated : 2 years, 6 months ago IST
The filing for bankruptcy by Evergrande, Chinese real estate giant signals the beginning of Beijing’s real estate crisis, CNN reported on Friday.
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Chinese real estate giant Evergrande files for bankruptcy
Updated : 2 years, 6 months ago IST
China’s Evergrande Group — once the country’s second-largest property developer — on Thursday submitted a bankruptcy petition in New York, CNN reported.
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Go First flight cancellations extended until August 6 citing 'operational
Updated : 2 years, 7 months ago IST
Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till August 6, the airline announced in a tweet on Thursday.
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Cyril Amarchand Mangaldas advises on CIRP of Sharon Bio-Medicine
Updated : 2 years, 7 months ago IST
Mumbai (Maharashtra)/ New Delhi [India], August 2: Cyril Amarchand Mangaldas acted as legal counsel for Resolution Professional (RP) and Monitoring Committee of Sharon Bio-Medicine Limited in the corporate insolvency resolution process (CIRP) of Sharon Bio-Medicine Limited (Sharon), a listed
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Go First extends flight cancellation till July 30
Updated : 2 years, 7 months ago IST
On May 2, Go First cancelled its flights and filed for voluntary bankruptcy before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker, Pratt & Whitney, for its inability to promptly meet obligations -- leading to the grounding of a portion
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Go First cancels flights until July 25th due to operational reasons
Updated : 2 years, 7 months ago IST
The announcement was made via a Twitter post on Sunday. Go First said: “We regret to inform that due to operational reasons, Go First flights scheduled till 25th July 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations."
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