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US BANKRUPTCY CODE
The Buffett framework of investing: Why some stocks deserve a PE of 25, and others deserve a PE of 10In his letter to shareholders, Warren Buffett revealed a valuation framework that explained why stocks can lose half their value without an...
Agro insolvencies see surge in deal activityInvestors are actively acquiring struggling agro businesses. These deals offer processing facilities, supply chains, and licenses at signif...
Budget Session returns: Lok Sabha to debate no-confidence motion against speaker Om Birla, key bills and West Asia tensions in focusParliament reconvenes Monday for the budget session's second half. A no-confidence motion against Speaker Om Birla is set for the Lok Sabha...
China's Evergrande says it is asking for US court to approve debt plan, not filing for bankruptcyChina's troubled developer, Evergrande, has requested a US court to approve a restructuring plan for foreign bondholders and affirmed that ...
FTX's Bahamas unit seeks Chapter 15 bankruptcy protectionThis move allows a foreign debtor to shield assets in the country. Non-U.S.-companies use the measure to block creditors who want to file l...
Blockchain.com faces $270 million hit on loans to bankrupt Three Arrows - CoinDesk3AC has sought protection from creditors under the US Bankruptcy Code, which allows foreign debtors to shield US assets.
Pre-packaged insolvency resolution framework for MSMEs soon, say officialsThe government is drawing up a framework for resolution of MSMEs under the Insolvency and Bankruptcy Code (IBC), which could be rolled out ...
Reliance Communications subsidiary files for bankruptcy protection without prior consentThe B2B arm of RCom, GCX has voluntarily filed for bankruptcy protection under chapter 11 of the United States bankruptcy code last week, a...
Over 655 cases decided under insolvency law, says NCLT PresidentThe Code, which provides for a market-determined and time-bound resolution of insolvency proceedings, became operational in December 2016.
Insolvency Code picking up with right framework: IBBI bossAbout 250 insolvency transactions including 11 of 12 big accounts identified by RBI is on different National Company Law Tribunals across t...
Challenge lies in Insolvency and Bankruptcy Code's successful implementation: SC judgeEmphasising that the Code is important for the country's economy, Justice Sikri said interpreting the law is also a challenge before NCLT a...
New norms will ensure bad loans are recognised faster: Shikha Sharma, Axis Bank"We are very excited about the fact that finance minister in his budget speech has mentioned that they want to bring the bankruptcy code th...
Government may set up special regulator to look into bankruptcy cases, new code tilts in favour of creditors“We are putting a lot of focus on administrative mechanism by which the bankruptcy enforcement could take place,” Joshi said at a FICCI sem...
- Chrysler, GM sales may survive creditor challenge
Chrysler and General Motors will likely succeed in spinning off their best assets to new entities because the law favours them over credito...
- GM says US to own 72 per cent under bankruptcy plan
The US government would own 72.5 percent of General Motors under a proposed bankruptcy reorganization outlined by the ailing automaker, a r...
- Top Republicans demand bankruptcy for GM
Two top Republican senators called of Sunday for struggling General Motors to seek bankruptcy rather than fresh government aid as the best ...
- What is Chapter 11 bankruptcy?
The US bankruptcy code 11 is usually the path taken by organizations, when faced with crippling debt. Code 11 gives the organization ample ...