SBI says bankruptcy code can't solve all problems for banks

Last Updated: Monday, August 31, 2015, 22:19

State Bank of India (SBI) Monday raised questions over the bankruptcy code being readied by the government, citing past experiences, while stressing on the need for a change in the overall 'ecosystem' to tide over the problem of bad loans.

Bankruptcy code, litigation policy to be ready soon: FM Jaitley

Last Updated: Tuesday, August 18, 2015, 22:57

To improve ease of doing business, government will soon finalise three new important laws - the litigation policy, the bankruptcy code and an arbitration law, Finance Minister Arun Jaitley said Tuesday.

Sole US rare-earths miner Molycorp files for bankruptcy

Last Updated: Friday, June 26, 2015, 00:56

Molycorp, the sole US miner and producer of rare earth elements crucial in high-tech manufacturing, filed for bankruptcy protection on Thursday as it struggles with a mountain of debt.

Greece insolvency risk increasing daily: Bundesbank chief

Last Updated: Thursday, June 11, 2015, 15:21

"There is a strong determination to help Greece ... But time is running out, and the risk of insolvency is increasing by the day," Bundesbank chief Jens Weidmann told a London investment seminar as Greece and its European partners intensify efforts for a bailout deal to prevent Athens from defaulting.

Greece signals concessions in crunch talks with lenders

Last Updated: Friday, May 1, 2015, 15:37

Greece wants an interim deal by next week, hoping this will allow the ECB to ease liquidity restrictions before a 750 million euro payment to the IMF falls due on May 12. Athens has suggested it will struggle to pay the instalment.

Hero-invested company files for bankruptcy in US

Last Updated: Thursday, April 16, 2015, 12:09

Hero had acquired 49.2 per cent stake in EBR in 2013 for USD 25 million (about Rs 148 crore) and had plans to market its products in the US through the EBR network.

Judge says bankruptcy shields GM from some ignition suits

Last Updated: Thursday, April 16, 2015, 05:05

A US bankruptcy judge ruled Wednesday that General Motors` 2009 bankruptcy shields it from a large number of lawsuits over ignition-switch defects.

Cyprus won`t need full EU bailout package: minister

Last Updated: Friday, March 13, 2015, 14:57

Cyprus will not need all of the 10-billion-euro bailout it received in 2013 as its economy recovers faster than expected, the country`s finance minister told AFP.

RadioShack gets court approval for interim bankruptcy loan

Last Updated: Tuesday, February 10, 2015, 03:45

Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores.

Auditors raise red flag over Jet Airways' going concern status

Last Updated: Friday, February 6, 2015, 22:59

A company is termed as a 'going concern' if it has sufficient resources to continue to operate indefinitely and to avoid any potential bankruptcy risks.

Aaron Carter files for bankruptcy

Last Updated: Friday, November 22, 2013, 17:09

Aaron Carter is taking control of his finances as his rep has confirmed that he has filed for Chapter 7 bankruptcy.

In Detroit bankruptcy trial, union says city had pensions in sight

Last Updated: Thursday, October 24, 2013, 12:24

A trial on Detroit`s eligibility for bankruptcy protection kicked off on Wednesday with opponents claiming the city tried to bypass restrictions on cutting workers` pensions, as experts in municipal bankruptcy around the country watched closely in a case that could set important precedents.