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Bankruptcy/ Bankrupt

Lights illuminate a Forever 21 before the store opens at Walden Galleria in Cheektowaga, N.Y. Forever 21 has filed for Chapter 11 bankruptcy protection. The privately held company ...

AP/PTI
Bankrupt

T. Venkattram Reddy of Deccan Chronicle Holdings Ltd

Photograph by Getty Images
Airport staff members pose for a picture besides flight AB6210, the last flight of insolvent airline Air Berlin prior to departing at the airport in Munich, Germany.

AP/PTI
RBI Governor Urjit Patel during the inauguration of a conference on 'Insolvency and Bankruptcy: Changing Paradigm', in Mumbai.

PTI Photo by Santosh Hirlekar
Union Finance Minister Arun Jaitley speaks during the inauguration of a conference on 'Insolvency and Bankruptcy: Changing Paradigm', in Mumbai.

PTI Photo by Santosh Hirlekar
Japanese air bag maker Takata Corp. CEO Shigehisa Takada speaks during a press conference in Tokyo. Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhel...

Yu Nakajima/Kyodo News via AP

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Website

RBI Hikes PMC Bank Cash Withdrawal Limit To Rs 50,000

With the above relaxation, more than 78% of the depositors of the bank will be able to withdraw their entire account balance.

Nov 05, 2019

| PTI
Fourth PMC Tragedy: 83-Year-Old Heart Patient Depositor Dies

Murlidhar Dharra, had as much as Rs 80 lakh in deposits with PMC Bank but could not withdraw the money due to the RBI curbs.

Oct 18, 2019

| PTI
Forever 21 Files For Bankruptcy; Plans To Exit In Asia, Europe

Forever 21, the teenage clothing emporium that rode America's mall boom and bust, said on Sunday that it filed for Chapter 11 bankruptcy.

Sep 30, 2019

| Outlook Web Bureau
Jet Airways Board Holds Emergency Meeting On Interim Funding, CEO Goyal's Future Role

On an immediate basis, lenders are expected to give Rs 750 crore to Jet Airways, which would come by pledging the airline's stake in Jet Privilege with banks.

Mar 25, 2019

| Outlook Web Bureau
Jet Airways Suspends Services Of 13 International Routes Till End-April

The company said that it is actively engaged with all its aircraft lessors and is regularly providing them with updates on the efforts taken to improve the liquidity.

Mar 23, 2019

| Outlook Web Bureau
Supreme Court Upholds Constitutional Validity Of Insolvency And Bankruptcy Code

The operational creditors wanted to be treated at par with secured creditors like banks and financial institution who have first claim over the money coming through the proceedings under the insolvency law.

Jan 25, 2019

| Outlook Web Bureau
Utility Company Tied To California Wildfires To File For Bankruptcy

Pacific Gas and Electric the utility company that has been tied to deadly wildfires in California said it plans to file for bankruptcy at the end of January.

Jan 15, 2019

| Outlook Web Bureau
The Weinstein Company Fires 20 Employees Ahead Of Bankruptcy Sale

The company had been losing employees since the Harvey Weinstein sexual harassment scandal broke last October - the number has reduced to less than 70 this week from 140 staffers. The layoffs represent nearly a third of the remaining workforce.

Jul 12, 2018

| Outlook Web Bureau
Nirav Modi's Firestar Diamond Files For Bankruptcy In US

Firestar Diamond blamed liquidity and supply chain challenges.

Feb 27, 2018

| Outlook Web Bureau
Controversial FRDI Bill With 'Bail-In' Clause, Deferred

The so-called "bail-in" clause in the draft bill has been commented upon by experts as bringing potential harm to deposits, in the form of savings accounts.

Dec 15, 2017

| Outlook Web Bureau

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Magazine

100 Days Of Decisive Action

History will remember Modi as reformer-in-chief

Sep 11, 2019

| Karan Bhasin
Good Intent Need Not Be So Taxing

The government is absolutely right that we have to deal with defaulters and over-leveraged companies by assessing the probability of recovery, or else file for bankruptcy.

Aug 21, 2019

| Kiran Mazumdar-Shaw
Death By Debt: Indian Businesses Are Devastated, Tax Terror Adds To Woes

Debt looms as a terrifying spectre. Zombie companies or corporate underachievers have doubled and even the biggest of business empires like Reliance Industries are worried and hassled

Aug 21, 2019

| Alam Srinivas Jyotika Sood Lola Nayar
Why Jet Airways Nosedived And What's Next In The Turbulent Sky: A Dozen Issues

Jet Airways crash-landed after ruling the skies for 26 years. With massive debts and with no investors keen to rescue the beleaguered airline, the life jackets are out

Apr 25, 2019

| Jeevan Prakash Sharma Arindam Mukherjee
The Emperor’s New Notes

The government has big achievements, but it’s in denial over demonetisation

Dec 06, 2018

| Pronab Sen
Default Sinkholes

The regulatory tool seeking to minimise damage from the menace of mounting NPAs was given new teeth, but it will be a long and hard road to recovery

Apr 18, 2018

| Lola Nayar
Spousal Strategy Fee

A ‘commission’ is the crux of the investigation into the ICICI-Videocon affair

Apr 12, 2018

| Lola Nayar
Rs 90,00,00,00,00,000

Post-Nirav Modi scam, the RBI’s tightening of the rules forces banks to treat more bad loans as NPAs, showing the extent of a crisis that’s been building for years—and intensifying it

Mar 29, 2018

| Lola Nayar
You Won’t See What You Don’t Want To

INX wasn’t a lone wolf op. In the media business, politicians and dubious funds often get into the act, even crossing the lines drawn by the law of the land.

Mar 09, 2018

| R. Jagannathan
Formula One For Insolvency

The empire Jaiprakash Gaur built from scratch is now on the verge of being declared bankrupt

Aug 17, 2017

| Harvir Singh

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