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BANKRUPTCY TRUSTEE
NCLT declares Videocon promoter Venugopal Dhoot bankrupt on SBI plea; appoints bankruptcy trusteeThe National Company Law Tribunal (NCLT), Mumbai Bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dho...- Damon Dash, once one of hip-hop's biggest moguls, forced to sell off rights to his life story for just $550,000, amount set to help pay his $25 million debtDamon Dash, the co-founder of Roc-A-Fella Records, was forced to sell off the rights to his life story for $550,000. Everlasting Films emer...
- The Bond who came back from the dead: The risky world of AT1 bondsYes Bank AT1 bonds are back in the spotlight after the Supreme Court upheld the ruling invalidating their ₹8,415-crore write-off during the...
- NCLT admits insolvency plea by Kotak Mahindra Bank against Unity RealtyKotak Mahindra Bank's insolvency petition against Unity Realty and Developers has been admitted by the NCLT. The petition was filed due to ...
- NCLAT dismisses Affle 3i's plea against insolvency of Talent Unlimited Online ServicesNCLAT has dismissed an appeal by Affle 3i Ltd concerning insolvency proceedings against Talent Unlimited Online Services Pvt Ltd. The dismi...
- Bankers question role of RP in the Subhash Chandra case and how net worth was computedDissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how ...
- IBBI issues new guidelines to speed up appointment of insolvency professionalsThe Insolvency and Bankruptcy Board of India has released new rules for insolvency professionals. These guidelines aim to speed up appointm...
- Vijay Mallya discontinues bankruptcy annulment application in UKVijay Mallya has stopped his attempt to cancel a UK bankruptcy order. This allows the Trustee in Bankruptcy to continue seeking assets. The...
- NCLT declares ex-DHFL chairman Kapil Wadhawan bankrupt over ₹4,546 crore duesThe NCLT Mumbai has declared Kapil Wadhawan, the former chairman of DHFL, bankrupt following a petition by Union Bank of India to recover ₹...
- IBBI issues new guidelines to streamline process of appointing IPs as resolution professionalsThe Insolvency and Bankruptcy Board of India (IBBI) issues new guidelines to streamline the appointment of insolvency professionals (IPs) a...
- IBBI prepares list of 787 insolvency professionals to expedite resolution processThe move is aimed at avoiding administrative delays in the appointment of IPs to expedite insolvency resolution and prevent further erosion...
- IBBI prepares list of 400 insolvency professionals for easy pickingsIn a first for the country's bankruptcy resolution regime, the insolvency regulator has prepared a "common panel" of 400 insolvency profess...
- US justice department watchdog seeks independent review of FTX bankruptcyThe DOJ's Office of the US Trustee said in a filing in Delaware bankruptcy court that it did not question John Ray's competence or earnestn...
- After 14 years, Lehman Brothers' brokerage ends liquidationLehman Brothers Holdings Inc, the brokerage's parent, had been Wall Street's fourth-largest investment bank before filing what remains by f...
- After 14 years, Lehman Brothers' brokerage ends liquidationU.S. Bankruptcy Judge Shelley Chapman in Manhattan closed the brokerage's estate on Wednesday and awarded final payments to the trustee who...
- Pramod Mittal’s bankruptcy case in UK gets extendedBillionaire steel magnate Lakshmi Mittal’s younger brother Pramod Mittal was due to be automatically freed from bankruptcy in Britain. But ...
- IBBI tightens norms for insolvency resolution professionalsInsolvency resolution professionals would be barred from having employment when they are in possession of authorisation to take up work und...
- Bitcoin's Tokyo whale sold $400 million and he's not doneKobayashi, who’s liquidating tokens on behalf of Mt. Gox creditors, has another $1.9 bn to offload.
- US Cong to examine Madoff case on next MondayA Manhattan bankruptcy judge will hear a request by the trustee overseeing the liquidation of Bernard Madoff's investment firm for a $28 mi...
- Madoff liquidation trustee seeks $28 mn for costsA trustee presiding over the liquidation of Bernard Madoff's investment firm says he plans to spend $28.1 million on employee salaries and ...
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