Bankruptcy Court

Suzlon Energy defaults on $172 mn bond payment, company in talks with global private equity funds to sell stake

Suzlon's creditors, led by the country's biggest lenders State Bank of India, are studying a one-time settlement plan offered by the company, said sources

Govt should not rescue cash-strapped Jet Airways, it's not in State's interest to run airlines

The operational creditors of Jet Airways, everyone from its service providers to its workers, can still take the airline to the bankruptcy court.

SC repeals RBI's 12 February circular: Lenders can now refer defaulters to NCLT on case by case basis: Bankers

According to former RBI deputy governor R Gandhi banks can now take defaulting companies on their own instead of being directed by the regulator.

RCom looks to real estate assets, Jio deal to pay Ericsson dues of Rs 453 cr after Supreme Court order

RCom owes a total Rs 571 crore to the Swedish telecoms equipment maker, including a one-time settlement of Rs 550 crore and interest payments of Rs 21 crore.

Cash-strapped IL&FS to sell controlling stake in green energy business; firm's board to issue EoIs soon

The renewable assets of IL&FS include operating wind power plants with an aggregate capacity of 873.5-mw, and under-construction wind power plants worth 104 mw capacity.

Standard Chartered Bank moves NCLT against CoC selecting ArcelorMittal for Essar Steel

Standard Chartered Bank claimed that ArcelorMittal's revised bid of Rs 42,000 crore was never considered by the CoC.

IL&FS crisis: Govt appointed board hints at corruption by past management; to conduct special audit of key group of cos

The new IL&FS board pegged the total debt of the group by over Rs 3,000 crore at Rs 94,215.6 crore as of 8 October

Ex-Wimbledon champion Boris Becker declared bankrupt by London court for long-standing debt

Boris Becker's lawyers pleaded with a Bankruptcy Court registrar to allow him a "last chance" to pay off the debt.

Kodak, Apple patent fight to remain in bankruptcy court

Apple Inc lost on Thursday a bid to transfer its patent dispute with Eastman Kodak Co out of bankruptcy ...