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Latest Articles in bankruptcy

Govt Approves $1.4 Bn Bankruptcy Loan For Revlon

David Jones, U.S. Bankruptcy Judge in Manhattan, on Monday, granted Revlon permission to get a loan of USD 1.4 billion.

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Crypto Platform Celsius Files For Bankruptcy

Celsius listed estimated assets and liabilities on a consolidated basis in the range of USD 1 billion to USD 10 billion, according to a court filing in the US Bankruptcy Court for Southern District of New York

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Crypto Exchange Genesis Had Exposure To Bankrupt Three Arrows Capital

But the firm had mitigated its losses after the bankrupt crypto hedge fund failed to meet a margin call

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Crypto Platform Voyager Digital files for bankruptcy

Crypto lenders such as Voyager boomed in the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. However, the recent slump in crypto markets - sparked by the downfall of two major tokens in May - has hurt lenders

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EV Maker Electric Last Mile Solutions Files For Bankruptcy

The move comes after the Troy, Michigan-based company disclosed a probe by the U.S. Securities and Exchange Commission and withdrew all its previously issued business outlook in March.

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UK High Court Declares Vijay Mallya Bankrupt For Indian Banks To Realise Debt

The 65-year-old businessman, meanwhile, remains on bail in the UK while a 'confidential' legal matter, believed to be related to an asylum application, is resolved in connection with the unrelated extradition proceedings.

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Indian Banks Back In UK Court To Pursue Vijay Mallya Bankruptcy Order

Mallya’s barrister, Philip Marshall, referred to witness statements of retired Indian judges in previous hearings to reiterate that there is “public interest under Indian law” by virtue of the banks being nationalised.

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Malaysia's AirAsia Group Postpones Fourth-Quarter Results To End-March

Malaysian market regulators have granted listed companies temporary relief measures in response to the coronavirus pandemic.

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Jet Airways Stock Jumps 5 % As Jalan Kalrock Consortium Expects To Restart Jet In 4-6 Months

Jet Airways, the once-storied full-service carrier was grounded in early 2019 and subsequently is undergoing proceedings under the Insolvency and Bankruptcy Code (IBC).

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China's Luckin Coffee files for bankruptcy in US, months after Nasdaq delisting over 'fraudulently' inflating sales

China's Luckin Coffee files for bankruptcy in US, months after Nasdaq delisting over 'fraudulently' inflating sales

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Mahindra's Quarterly Profit Slides On Booking Loss For South Korean Unit

Mahindra booked a one-time loss of 12.10 billion rupees ($165.93 million) related to Ssangyong Motor, the company said. The South Korean automaker has filed for bankruptcy.

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Creditors Seek Bankruptcy Of China's Once High-Flying HNA

HNA Group said in a WeChat post on Friday it had been notified by a Hainan court that its creditors had acted because it was unable to pay its debts. It said it would cooperate with the court.

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Indian Banks Pursue UK Bankruptcy Order Against Vijay Mallya

The exchange between the lawyers got heated at several points during the course of the virtual hearing, also being followed by Mallya, with Judge Briggs stepping in to urge a focussed question and answer approach to expedite the proceedings.

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US States Seek $2.2 Trillion From Oxycontin Maker Purdue Pharma

The company values a proposal to settle litigation, which includes providing addiction treatment and overdose-reversing drugs, at more than $10 billion.

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COVID-19 May Lead To Large-scale Bankruptcies: Survey

It found that close to 80 per cent of respondents think any recovery would be slow or stagnant in the short-term before picking up eventually in the medium-term.

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