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BANKRUPTCY HEARINGS
Who is Guo Wengui? 10 things to know about the exiled Chinese billionaire sentenced to 30 years in US prisonGuo Wengui, the Self-exiled Chinese businessman, has been sentenced to 30 years in prison for orchestrating a massive fraud scheme. Prosecu...- Adani Ports emerges top contender for Karanja Terminal takeoverAdani Ports is poised to acquire Karanja Terminal & Logistics, with creditors endorsing its ₹625-crore recovery plan. The nation's top port...
- SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projectsThe Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms....
- Quote of the day by humorist Mark Twain: ‘If you pick up a starving dog and make him prosperous he will not bite you. This is…’Mark Twain, born Samuel Clemens, was a renowned American writer and humorist. He captured societal flaws and human nature through his stori...
- After NCLAT relief, Adani moves SC with caveat against possible Vedanta appeal in Jaypee insolvency caseEnterprises has filed a caveat before the Supreme Court anticipating a challenge by Vedanta against the National Company Law Appellate Trib...
- US stock today | Spirit Airlines prepares to cease operations after bailout plan falls apart: ReportSpirit Airlines is reportedly nearing operational shutdown after failing to secure a bailout plan involving bondholders and the U.S. govern...
- Is Spirit Airlines shutting down after losing $500M lifeline— here's how Spirit Airlines collapse spikes ticket pricesSpirit Airlines is preparing for a potential shutdown: According to reports from the Wall Street Journal and other major outlets on May 1, ...
- Supreme Court flags NCLT delaysThe Supreme Court has taken suo motu cognisance of the grim situation at NCLT benches. Delays in approving resolution plans are causing sig...
- US considers using Defense Production Act in Spirit Airlines restructuring, source saysThe US government is exploring options to support Spirit Airlines. The Defense Production Act may be used to provide financial assistance. ...
- Aswath Damodaran says Musk's SpaceX will frustrate investors after most valuable IPO in history, here's whyValuation expert Aswath Damodaran believes SpaceX could achieve the most valuable IPO ever, potentially reaching trillion-dollar status. He...
- Lavasa homebuyers file plea at NCLAT against resolutionHomebuyers of Lavasa, India's first privately built hill town, have filed a fresh appeal. They allege serious flaws in the resolution plan ...
- Trump weighs Spirit Airlines takeover, eyes resale after oil price drop report saysPresident Donald Trump is exploring a government takeover of Spirit Airlines. The plan involves buying the struggling airline with taxpayer...
- NCLAT reserves order in Jaypee insolvency case; Vedanta alleges flawed evaluation, Adani defends bidding processThe National Company Law Appellate Tribunal has reserved its judgment in the Jaypee insolvency case. Vedanta Group argued the resolution pr...
- Supreme Court seeks data on NCLT delays in resolution plansThe Supreme Court is addressing significant delays in approving resolution plans at the National Company Law Tribunal. It has directed the ...
- Faster insolvency process proposed with creditor-led resolution frameworkA new Creditor-initiated Insolvency Resolution Process (CIIRP) aims to expedite debt resolution, allowing financial creditors with 51% debt...
- India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
- Don’t miss this! IRS tax debt deadlines that could cost you bigIRS Tax Debt Deadlines Explained: Understanding IRS tax debt deadlines is crucial to avoid accumulating interest and penalties. The IRS has...
- NCLT adjourns Siti Networks bankruptcy hearing to April 3NCLT Mumbai bench adjourned Siti Networks' insolvency hearing to April 3. Rohit Mehra, suspended board of directors, NCLAT intervention, fi...
- FTX bankruptcy judge to hear media companies' request to reveal customer namesIn seeking to intervene in the case, the New York Times, Dow Jones, Bloomberg and the Financial Times said bankruptcy law demands transpare...
- Jet: Pilots,engineers unions, 2 Dutch vendors want to be made parties; hearing from ThursdayWhile, the pilots and engineers unions want to be made party to the case, the representatives of two Dutch firms want the tribunal's nod to...
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