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As Supertech goes bankrupt, these are the options home buyers have
Noida-based real-estate firm Supertech Limited was declared bankrupt by the National Company Law Tr…
Lenders approve Suzlon Energy's debt resolution plan
"State Bank of India, the lead bank of the consortium of lenders, has, vide its e-mail dated March…
PTI
I'm 25 and have 2 master's degrees and $131,000 in student debt. I lived in Paris and am heading to India with only $200.
A woman with $131,000 in student debt tells how she could afford to live in Paris for two years. No…
Alexandra York,Josée Rose
CIRP initiated in cases of DHFL, ABG Shipyard, Bhushan Power & Steel
Corporate insolvency resolution process (CIRP) was initiated in the cases of DHFL, ABG Shipyard and…
200,000 student-loan borrowers will be 'severely harmed' if a judge rules in favor of 3 companies who want to block them from getting $6 billion in debt relief, a new legal filing says
Three companies filed a motion to block an already-approved settlement that would give 200,000 stud…
Ayelet Sheffey
SEBI to auction 66 properties of Saradha Group to recover investors' money
Markets regulator Sebi on Monday said it will auction 66 properties of Saradha Group on April 11 at…
PTI
Financial creditors forego Rs 790.626 cr under insolvency resolution process: CARE Ratings
With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing…
SpiceJet to raise ₹2,500 crore fresh capital, convert Carlyle’s debt into equity and demerge cargo biz
Low-cost carrier SpiceJet on Monday announced that its board has approved plans to raise fresh capi…
The GOP just tried the fast-track route to block Biden's student-debt relief. Here's why it probably won't work.
Three GOP lawmakers recently introduced a new plan to use an oversight law to overturn Biden's stud…
Ayelet Sheffey
Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step.
Corizon Health, facing mounting debt, executed a controversial bankruptcy maneuver. Hundreds of pri…
Nicole Einbinder,Dakin Campbe…
Company continuously working on a resolution plan: Suzlon
New Delhi, Nov 20 () Wind-turbine maker Suzlon Energy on Wednesday said the company is working on a…
PTI
RattanIndia Power closes one-time resolution of Rs 6.5K crore debt
RattanIndia Power, currently owns two coal based power plants in Maharashtra with an aggregate cap…
PTI
Elizabeth Warren is holding her first hearing on student debt cancelation. Here's what to expect.
Warren invited Rep. Ayanna Pressley, who defaulted on student loans, and CEO of student loan servic…
Ayelet Sheffey
DHFL sets record as India's housing finance company to go bankrupt
The Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the ba…
PTI
Govt to exempt coronavirus-related debt of companies from insolvency law ambit
Under the Insolvency and Bankruptcy Code (IBC), which provides for a time-bound and market-linked …
PTI
The young lawyer who became the 'Don Quixote' of canceling student debt
Austin Smith has argued that courts systematically misinterpreted the bankruptcy code in student le…
Cezary Podkul
JPMorgan says failure to reach a debt-limit deal could cause a worse stock sell-off than 2011, when the S&P 500 fell 17% in 2 weeks
There's potential for a "violent risk-off move in equities as we get closer to the projected x-date…
Phil Rosen
OPINION: How to make India’s bankruptcy resolution process faster and more efficient
However, as with all new regulations, the law takes its time to settle. Having said that there a…
Govt seeks additional 270 days to complete resolution for 105 IL&FS group companies
"For the remaining 105 domestic group entities, extend the scope and operation of the order passed …
PTI
We just got a fresh sign that Biden's plan to give millions of student-loan borrowers who fell behind on payments a shot at debt relief is working
The New York Fed found that $34 billion in delinquent student loans have so far been marked as curr…