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Probe at FTX begins as $477-mn funds peter out
Bankrupt crypto exchange says it’s switching off the ability to trade or withdraw funds and taking steps to secure customers' assets; FTX is also...
Revlon shares declines 46% inches closer to bankruptcy filing
Cosmetics maker Revlon Inc (REV.N) is preparing to file for chapter 11 protection as soon as next week, the Wall Street Journal reported, citing...
Resolution professionals can now verify tax returns of bankrupt...
New Delhi, Aug 19 The Ministry of Finance has amended the Income Tax Rules to allow resolution professionals appointed by the National Company Law...
NCLT clears way for bankruptcy proceedings against tea maker McLeod...
Trouble mounts for McLeod Russel as National Company Law Tribunal (NCLT) paves way for bankruptcy proceedings against the tea grower after a financial...
Government recovers bad debt of Rs 5.5 lakh cr by enacting reforms
Steps taken by the government such as enacting the Insolvency & Bankruptcy Code (IBC) have helped banks recover around Rs 5.5 lakh crore of bad debt....
Cafe Coffee Day may be headed for bankruptcy after defaulting on loan...
Coffee Day Enterprises Limited (CDEL), which owns the Cafe Coffee Day chain, may be headed for bankruptcy after defaulting on loans during the March...
AirAsia reports cash drain in India after Japan unit goes bust
Malaysian low-cost carrier AirAsia Group Bhd. is reviewing investment in its cash-starved Indian affiliate, hours after its Japan unit filed for...
