The National Company Law Tribunal has admitted Canara Bank's insolvency plea against Supreme Housing and Hospitality. The real estate firm ...

Why did Spirit Airlines fail? First major casualty of the 2026 Iran war fuel shock. The collapse of Spirit Airlines today, May 2, 2026, isn...

Spirit Airlines is reportedly nearing operational shutdown after failing to secure a bailout plan involving bondholders and the U.S. govern...

Spirit Airlines is preparing for a potential shutdown: According to reports from the Wall Street Journal and other major outlets on May 1, ...

That’s the equivalent of an almost $27 billion return on paper since Intel and the government announced the investment in August. Chief Exe...

The US government is exploring options to support Spirit Airlines. The Defense Production Act may be used to provide financial assistance. ...

Spirit Airlines' liquidation would eliminate ⁠more than 17,000 jobs, an expert said.

Amitabh Bachchan was recently hospitalised and underwent an angioplasty after a blood clot was found in his leg. Reports on his current con...

Genesis in the lawsuit said up to 230,000 users in the two companies' "Earn" investing program withdrew more than half of billion dollars f...

The new proposal would involve some creditors' fronting funds to help pay others back quickly in exchange for a bigger share of any money w...

According to an analysis by REDD Intelligence, of the 4,300-plus stressed debtors that have been taken through the 2016 corporate insolvenc...

Videocon, a consumer durables company manufacturing air-conditioners to washing machines, was among the first 12 companies pushed into bank...

India’s $200-billion-plus bad debt mess is starting to attract serious global capital

The bankruptcy code provides for a fast track process for certain categories of corporate persons with provision for one time extension up ...

Under Reserve Bank of India rules, a loan becomes non-performing if the interest or instalment of principal remains overdue for more than 9...

"Bankruptcy is one way of dealing with debts. Becoming bankrupt is a very difficult decision and it should only be taken as a last resort."

Chrysler and General Motors will likely succeed in spinning off their best assets to new entities because the law favours them over credito...