Bankruptcy
- Americas
Revlon Lands In Stress As It Borrowed US$375m in Bankruptcy to Shore Up Supply Chain
Revlon chief restructuring officer Robert Caruso testified Friday that most of Revlon’s raw material vendors have stopped sending shipments, and…
Read More » - Infrastructure
Home Buyers of Bankrupt Supertech Can Now Submit Claims Online
On March 25, the NCLT had declared Noida-headquartered realty major Supertech as insolvent while admitting a plea filed by the…
Read More » - InFocus
IL&FS to File Bankruptcy for its Offshore Firms in UAE
IL&FS had request the Mumbai-bench of the National Company Law Tribunal (NCLT) to take on record its proposal to initiate…
Read More » - Finance
Moodys Says NBFC/HFC Bankruptcy Provisions Positive for Banks
The Government recently empowered RBI to refer stressed NBFCs and HFCs with assets worth of at least Rs 500 crore…
Read More » - Global
Thomas Cook Declares Bankruptcy, Tourism Industry Under Stress
Tourist footfalls from the United Kingdom to Goa are expected to take a severe hit after British travel group Thomas…
Read More » - LimeLight
Anil Ambani’s Reliance Communications Files For Bankruptcy
The former billionaire's Reliance Communications itself fell back into bankruptcy earlier this year. This Move came after they missed A…
Read More » - InFocus
Lending Groups To Urge NCLT to Continue Eight Insolvency Proceedings
Lenders, however, said that they would also wait for the issue of a new circular from the RBI to start…
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