Page 13 - Bankruptcy

Debt and coronavirus push Hertz Global Holdings into bankruptcy protection

By the end of March, Hertz Global Holdings Inc had racked up $18.7 billion in debt with only $1 billion of available cash

Rahul Bhatia-owned InterGlobe Enterprises eyes failed Virgin Australia

Virgin Australia entered bankruptcy administration two weeks back; May 15 is last date to lodge first offers

Bankruptcy court approves Neiman Marcus' plea to access financing

The Dallas-based retailer plans to cede control to creditors in exchange for eliminating $4 billion of debt. Its debt currently totals about $5 billion

Flattening the bankruptcy curve: Why IBC cases may surge post-lockdown

Shroff is in favour of introducing a new chapter to the Insolvency and Bankruptcy Code (IBC) with temporary provisions

Bidders jittery over coronavirus impact on bankrupt firms, seek legal help

Seek legal advice, want force majeure clause included in new contracts

As Covid-19 grips economy, firms uncertain about impact on bankruptcies

As far as filing insolvency applications goes, there could be a rise

Corporate India seeks to barricade brass from frauds, bankruptcy concerns

Demand for D&O policies on the rise as India Inc looks to protect its brass

Banks will have to pay a price if any telco files for bankruptcy: SBI chief

Rajnish Kumar said that SBI will not pass on the burden of the hike in premium of deposit insurance to its customers

Systemic change: Hits and misses of India's bankruptcy reforms code

IBC has had a carrot-and-stick effect - making companies serious about governance and bringing stuck capital back into the economy. It seems to be a work in progress, but the system is surely working

DHFL posts net loss of Rs 6,640 crore; interest income declines 34%

DHFL is the first financial services firm undergoing bankruptcy proceedings after the Centre notified the law on Nov 15

UVARCL, a Delhi-based company that's sweeping up bankrupt telcos

UVARCL's biggest bid so far, for Anil Ambani's firms, awaits CoC clearance

Dealing with debt default

In India, we have seen how major defaulters have decamped to safe havens with covert but full political support

Tribhovandas Bhimji Zaveri & Sons files for bankruptcy after NCLT order

TBZSR's creditors have been asked to submit their claims to the interim resolution professional by January 3

NBCC, Suraksha Realty place final bids to acquire Jaypee Infra

Lenders had asked both the suitors to sweeten their resolution plans and submit their bids by December 3. The final offer made by the two contenders could not be immediately ascertained

10,860 cases under IBC pending before NCLT at the end of Sept

The minister said that out of 18,782 cases filed under IBC, 2016 at the end of June 2019, 2,173 cases were admitted under the Code

RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT

DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion

SBI Chairman hopes IBC timeline be adhered to in DHFL resolution

The Mumbai-headquartered pureplay mortgage lender has become the first NBFC or housing finance company to go for bankruptcy resolution

India's mini-Lehman moment: Bankruptcies double at real estate developers

The growing number of insolvencies highlight Indian property developers' inability to complete apartments and meet their debt obligations amid the funding crisis

Thomas Cook collapses, leaves over 600,000 holidaymakers stranded abroad

The UK government said Monday it had hired planes to fly home British tourists, in a mass repatriation plan codenamed Operation Matterhorn which began immediately

178-yr-old company, Thomas Cook files for bankruptcy as bailout talks fail

In the space of little more than a year, Thomas Cook's business outlook degenerated from concern about the sales impact of a freak north European heatwave to a full-on fight for survival