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Indian crypto traders are moving to futures. Here's where the math actually worksWazirX Futures brings direct INR access, the lowest fees in the domestic market, and built-in risk guardrails to a segment that has quietly...
Nepal's foreign minister visits China after calling on regional rival IndiaNepal's Foreign Minister Shisir Khanal met China's top diplomat following a recent visit to India, presenting a challenge for Beijing's reg...
SP Group seeks more time to repay bonds nearing maturityShapoorji Pallonji Group has reduced its ₹28,500 crore refinancing by ₹3,500 crore and is seeking a two-month extension on ₹14,300 crore of...
Singapore court stays order to jail Byju’s founder, lawyer saysSingapore's high court has granted a stay on a six-month jail term for Byju's founder, Byju Raveendran, who was sentenced for contempt. Thi...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
NCLAT quashes Ligare Aviation's insolvency; loan from Religare Enterprises round-tripping of moneyThe National Company Law Appellate Tribunal has cancelled insolvency proceedings against Ligare Aviation. The tribunal found the National C...
Dhoot moves SC seeking inclusion of foreign oil assets in Videocon insolvency processFormer Videocon chairman Venugopal Dhoot has approached the Supreme Court, seeking to include foreign oil and gas assets of various Videoco...
Venugopal Dhoot moves SC against order upholding separate insolvency for Videocon Industries Ltd and VOVLVideocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows s...
NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil VenturesThe NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an...
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...
Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
Evergrande collapse, deconstructive ChinaLiquidation of Evergrande by a Hong Kong court this week piles on the pressure for China to prop up its collapsing property market. Beijing...
Putin aims to avert defaults with Rouble payment to creditorsThe decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from "countries that engage in hos...
IBC to get welcome cross-border teethRightly, India wants to adopt the UNCITRAL Model Law of Cross Border Insolvency, 1997, aligning with global practice.
People should be calm, banks won't shut: Greek party leaderThe Greek people should remain calm as banks will not close their doors, the leader of the government's junior coalition party said.
- Wockhardt's asset sale caught in creditors’ crossfire
The sale of Wockhardt’s nutrition business to Abbott Laboratories has hit a roadblock as differences regarding rights on the sale proceeds ...
- Secured lenders insecure over Wockhardt's plan
Secured and unsecured creditors of debt-ridden pharma firm Wockhardt are singing in different tunes to support the sale of the company’s nu...
- Swiss loan puts Wockhardt in a spot of bother
The company’s debt-laden Swiss subsidiary is trying hard to strike a deal with offshore lenders even as the parent Wockhardt is involved in...
- Wockhardt told to clarify asset-sale plan to lenders
The Bombay High Court asked Wockhardt to clarify with its foreign lenders which assets the troubled pharma firm could sell during the pende...
- Wockhardt CDR plan may set precedent for debt recovery
Troubled pharma company Wockhardt’s corporate debt restructuring (CDR) plans that led to its overseas unsecured creditors taking the compan...