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Hong Kong's leading crypto retail operator ceases trading as FTX fallout roils sector"We have ceased trading, as we don't know which counterparties would fail next, so we would rather close out all our positions to regain so...- Revlon creditors challenge 2020 loan transactionsBoth lender groups participated in a $2 billion loan that Revlon used to purchase Elizabeth Arden in 2016. But the Brandco lenders, which i...
- Covid-19 Bankrupcy Hits ALDO, Gold's Gym And Other CompaniesA number of companies have filed for bankruptcy during the ongoing coronavirus pandemic.
- Indian banks set to take a hit of Rs 36,000 crore from DHFL writeoffThe company’s shares are already down more than 90 per cent so far this year.
- Dalmia Bharat eyes premiumisation; acquisitions on radarPremium and super-premium cement brands account for 60 per cent of revenues and in the next two years it would rise to at least 80 per cent...
- NCLT advances Essar Steel hearing to TuesdaySSG Capital, Numetal, Arcelor-Mittal, Vedanta Resources, Tata Steel and Nippon are among the six entities that initially showed interest in...
- Union Bank, Bank of Baroda may sell Bhushan Steel loan to SSGThe two banks had together put up Rs 2,430 crore in loans for sale. Bhushan Steel is facing bankrupcy proceedings and in the process of fin...
- Arun Jaitley urges PEs, ARCs to hasten resolution of insolvency casesIndian banks are saddled with over Rs 10 lakh crore worth of dud loans which are eating into their earnings and limiting their ability to l...
- Dena Bank Q1 loss narrows to Rs 132.65 croreThe bank's net interest margins improved to 2.44 per cent in the first quarter from 2.02 per cent on a decrease in cost of deposit and incr...
- Nova Scotia withdraws petition against AmtekLenders approached NCLT in Chandigarh early this week and suggested consulting firm EY.
- Zenith Computers to face corporate insolvency as financial creditor move NCLTPine Forest Products & Investments issued notice under bankruptcy after the company failed to repay loans despite giving two notices.
- IDBI initiated insolvency proceeding against Lanco, first among 12 accounts identified by RBIOther accounts that are being doing rounds but could not be independently include IVRCL, Era Group, Prayagraj Power, Aban Holding, and ABG ...
- RBI has set a road map for recovery, Arundhati Bhattacharya, SBILenders expect chaotic situation to prevail in the next year or so as the company law tribunal that administers the bankruptcy code comes t...
- Innoventive case hearing leaves lenders confusedNCALT rejects borrower's plea to be heard, but advises court to be cautious.
- Fortune Financial, 2 others get RBI nod for ARC business“Encore has received an approval from the RBI for setting up an ARC," said Encore official in an email reply to ET. Fortune Financial did n...
- RBI gives nod for three asset reconstruction companiesSpeaking at an event in Bengaluru, RBI governor Raghuram Rajan had said, “We will shortly license a number of new ARCs to provide a deeper ...
- With Bankruptcy Act, demand for asset reconstruction company licence risesWe are also working on a framework to enhance efficiency and transparency of price discovery in sale of stressed assets by banks to ARCs,” ...
- Bankruptcy Code a predominant requirement to deepen bond market: RBIThe RBI is looking at developing a bond index and setting up a new trading platform for repos and corporate bonds to deepen the bond marker...
- Govt to avert impact of Lehman, Merrill on Indian economyThe Union Ministry of Finance is closely monitoring the balance sheets of the arms of troubled entities in US-Lehman Brothers and Merrill L...
- Bankers’ panel to draft law on borrowers’ rightsTo pacify corporate India, which has dubbed the NPA Ordinance as financial Pota, the Finance Ministry has appointed a five-member committee...
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