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3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
5 mins read
10 financial scams that shook India: A dive into deception
From Ponzi schemes to bank frauds, the Indian government and investors have fallen victim to many f…
3 mins read
Time to push divestment of state-owned banks, says SBI report
With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…
PTI
2 mins read
Creditors are coming after Rudy Giuliani's $3.5 million Florida condo in bankruptcy filing
Rudy Giuliani may have to sell his $3.5 million Palm Beach, Florida home in his ongoing bankruptcy …
Hannah Getahun,Katherine Tang…
2 mins read
RIL calls for shareholder, creditor meeting to approve demerger of financial services arm
Reliance Industries Limited (RIL) on Thursday called for a meeting of equity shareholders, secured …
1 min read
Crucial meeting of Reliance Capital COC to be held on Tuesday
The Committee of Creditors (COC) of Reliance Capital is scheduled to meet on Tuesday to discuss the…
2 mins read
Future Lifestyle Insolvency: RP receives claims of ₹2,155.53 cr from financial creditors
As per the provision of the Insolvency & Bankruptcy Code, a Committee of Creditors (CoC) of FLFL ha…
PTI
7 mins read
Even in bankruptcy, Rudy Giuliani keeps his financial picture hidden. Now he might lose control of it.
Lawyers have ripped Rudy Giuliani for giving "half-baked" financial disclosures and funneling money…
Jacob Shamsian
3 mins read
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…
2 mins read
Creditors take a haircut of 70% in insolvency cases: CareEdge report
The CareEdge report has found that the cumulative recovery rate has been on a downtrend, decreasing…
2 mins read
RCap resolution: NCLAT issues notices to Torrent Investments and others on the lender's plea
The appellate tribunal has directed to list the petition on February 9, 2023, saying the appeal wou…
PTI
4 mins read
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…
2 mins read
Reliance Capital Committee of Creditor rejects all bids, considering liquidation
The Committee of Creditors (COC) of Reliance Capital (RCAP), in its meeting held on Wednesday, has …
4 mins read
Jio Financial Services demerger and listing a ‘key moment’ for Reliance stock
Reliance Industries' (RIL) Jio Financial Services (JFS) demerger, expected to take place in Septemb…
2 mins read
Goldman Sachs, JPMorgan, Wells Fargo are among Wall Street giants named as possible FTX creditors
The 116-page document lists thousands of entries and redacted names of individuals who could be pos…
Zinya Salfiti
1 min read
Bankrupt crypto exchange FTX owes its top 50 creditors about $3 billion
The exchange — worth $32 billion just earlier this year — filed for Chapter 11 bankruptcy on Novemb…
Huileng Tan
1 min read
FTX creditor claims are being offered at 13 cents on the dollar as investors see difficult road ahead in recouping lost funds
FTX creditors are willing to take steep losses to recoup funds amid the company's uncertain and pot…
Morgan Chittum
1 min read
FTX says it has $1 billion in cash, as new management team tries to track down funds to pay back creditors
A portion of $1 billion in cash is being held at a single broker that FTX declined to identify at a…
Carla Mozée
2 mins read
Crypto lender Genesis reportedly owes creditors $3 billion, and is eyeing the sale of its parent company's venture assets to raise funds
The report comes amid a high-profile dispute between Genesis' parent company and the Winklevoss' cr…
Morgan Chittum
2 mins read
Alex Jones files for Chapter 11 bankruptcy and lists the Sandy Hook parents he owes $1 billion to as his creditors
The move comes just months after he was ordered to pay $1 billion in compensatory damages to famili…