Bankruptcy

USD 740M in crypto assets recovered in FTX bankruptcy so far

The assets recovered include not only bitcoin and Ethereum but also a collection of minor cryptocurrencies that vary in popularity and value, such as the Shiba Inu coin.

published on : 24th November 2022

Size, scope of FTX failure gets clearer as users fear worst

Users remained frustratingly in the dark Tuesday about when they might get their funds back if at all, directing much of their anger toward FTX's founder and CEO, Sam Bankman-Fried.

published on : 16th November 2022

Cryptoexchange FTX fallout: What investors should know?

This may not be the right time to explore the crypto space. It’s better to wait for the government to come out with some regulations.

published on : 14th November 2022

Bank of India moves NCLT against Future Lifestyle Fashions, files insolvency plea 

A copy of the petition filed before the NCLT, under Section 7 of the Insolvency and Bankruptcy Code, has been served by the advocate on behalf of Bank of India.

published on : 30th August 2022

Future Retail creditors file claims worth Rs 21,324 crore before IRP 

Operational creditors of the Future group firm have filed claims worth Rs 265.16 crore, according to the documents uploaded on the official website of Future Retail Ltd (FRL).

published on : 24th August 2022

Classification of creditors under IBC

The issue of categorisation has been persisting since the inception of the Insolvency and Bankruptcy Code, 2016 because of the underlying scheme of the IBC.

published on : 24th August 2022

China says its massive loans, projects did not push Sri Lanka to bankruptcy 

Refuting her allegations, Zhao said, "there are multiple components to Sri Lanka's foreign debt, where China-related debts take far less share than the international capital market."

published on : 29th July 2022

NCLAT upholds late filing of homebuyer claims

When the payment is received by the corporate debtor from an allottee, it becomes obliged to hand over the possession of the house and the allied liabilities.

published on : 19th July 2022

24 bills, including Insolvency and Bankruptcy Code, listed for introduction in Monsoon Session of Parliament

Insolvency and Bankruptcy Code (Amendment) Bill seeks to strengthen the Insolvency and Bankruptcy Code by introducing provisions on cross-border insolvency.

published on : 15th July 2022

US-based crypto firm Voyager Digital files for bankruptcy

The firm, through the bankruptcy procedure, intends to maximize value for all its stakeholders.

published on : 7th July 2022

There should not be any stigma attached to genuine business failure: Insolvency and Bankruptcy Board

He said that insolvency is still in its nascent stage in India and steps need to be taken to make the bankruptcy framework more effective.

published on : 10th June 2022

Former tennis star Boris Becker faces possible jail term after guilty verdicts

Judge Deborah Taylor released Becker -- who won Wimbledon as an unseeded teenager -- on conditional bail ahead of Friday's sentencing hearing at the south London court.

published on : 29th April 2022

Lenders reject Future Group-RIL deal

It leaves bankruptcy as a strong possibility for the retailer; at least 75% vote was required for the deal to pass.

published on : 23rd April 2022

Vendors can use GST returns as proof of default: Insolvency regulator

In a bid to reduce the delays in the resolution process, the Insolvency Bankruptcy Board of India (IBBI) has proposed some changes in the insolvency and bankruptcy regulations.

published on : 16th April 2022

Challenges posed by insolvency in real estate sector

The status of a homebuyer has been alleviated to the status of the financial creditor and can bring proceedings against the alleged defaulter.

published on : 5th April 2022

Builders’ claim of insolvency and bankruptcy: UP government to set up high-level committee

Buyers have been a harried lot due to non-deliverance of housing units despite making payments. 

published on : 3rd April 2022

UP govt to form panel to probe why NCR builders are going bankrupt, leaving buyers in the lurch

Buyers have been a harried lot due to non-deliverance of their units despite having paid the money

published on : 2nd April 2022

Boris Becker speaks of money troubles at London trial

Becker, 54, said Monday he wasn't able to earn enough to pay his debts because of bad publicity when his reputation declined.

published on : 29th March 2022

Boris Becker arrives at court as bankruptcy trial gets underway

It's understood the 54-year-old has failed to hand over his trophies including his 1985 Wimbledon title, as well as silverware from his triumphs at the Australian Open in 1991 and 1996.

published on : 22nd March 2022

Former tennis champion Boris Becker faces trial over failure to hand over trophies to settle debts 

Becker was declared bankrupt in June 2017 and is alleged to have been hiding assets and transactions worth over 4.5 million pounds.

published on : 21st March 2022
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