Defunct SVB Group to sell Indian subsidiary to First Citizens Bancshares
First Citizens later purchased SVB’s assets and deposits for up to $500 million in stock – a fraction of what
Continue reading
Tag: bankruptcy
Bankrupt airline Go First’s bidder ups bid following nudge from banks
Its bankruptcy filing lists Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank among creditors to which
Continue reading
Funds safe, claims edtech major Byju’s after US court’s freeze order
In a hearing presided over by Judge John T. Dorsey of the United States Bankruptcy Court for the District
Continue reading
WBIDC moves HC challenging arbitration award to TaMo over Singur plant | Company News – Business Standard
In its appeal, WBIDC claimed that it had been denied equal opportunity during the hearings before the arbitral tribunal
Continue reading
Banks to conduct performance review of advocates to fast-track DRT cases | Company News – Business Standard
The meeting also discussed that banks and financial institutions would reconcile cases which are pending in DRTs and DRATs but
Continue reading
Fin service providers must have regulatory nod for liquidation: IBBI | Company News – Business Standard
Against this backdrop, the regulator has directed that in case of a FSP, the liquidator concerned should declare the category
Continue reading
Missed timelines, manpower crunch pose challenges for insolvency resolution
Resolution of most of the stressed assets under the insolvency law missed their timelines amid a shortage of staff
Continue reading
RP, lessors in talks to maintain aircraft: Go First to Delhi High Court
The Resolution Professional (RP) of Go First told the Delhi High Court on Thursday that they are in talks
Continue reading
NCLT has power to decide IBC disputes, not HC: Go First RP to Delhi HC
Go First Resolution Professional on Thursday said the National Company Law Tribunal (NCLT) has the power to decide disputes
Continue reading
WeWork India adds 2 buildings with over 4K desks in Bengaluru, Hyderabad
Even as its global entity has filed for bankruptcy, WeWork India is expanding its footprint in India by signing
Continue reading