Bankruptcy

Modi Govt Notifies Ordinance To Amend New Banking Regulation Act 05 May 2017

The Narendra Modi-led government, notified the ordinance to amend the new Banking Regulation Act, empowering the RBI and banks to start off bankruptcy proceedings against persistent defaulters. The Central Bank, as per the government’s notification, may order consent to the...

Keywords: Bad loans, NPAS, NPAS, Modi cabinet

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GM re-emerges as world's No 1 automaker 21 January 2012

GM was the world's largest automaker for 77 consecutive years from 1931 through 2007 before Toyota surpassed it in 2008. The automaker was bleeding about $100 billion in the years before its 2009 bankruptcy, which saw it being delisted from...

Keywords: Volkswagen AG, General Motors, humiliating bankruptcy, Volkswagen AG

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Reader's Digest in bankruptcy 19 February 2013

Reader's Digest Magazine is an issue that probably everyone knows and loves to read, given the great measure of content in the magazine. This 91 year old magazine is now facing a financial crunch with a heavy debt on its...

Keywords: e-book, Lila Wallace, e-book, Lila Wallace

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Kodak files bankruptcy 20 January 2012

The original imaging giant has filed for bankruptcy. Critics call it due to digital photography segment, markets are plummeting and share value dropping- seems `SOS’ at the pioneer’s office. Eastman Kodak a renowned name in the photography segment, pioneers since...

Keywords: debts increase, Bankruptcy, debts increase, debts increase

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India operations not affected: Kodak 20 January 2012

"We do not expect the business in India to be impacted in any significant way during this process," Kodak India Vice President P N Raghuvir said. Digital imaging firm Kodak India today said the bankruptcy filing by its parent in...

Keywords: Eastman Kodak, Kodak India, Kodak India, consumer digital imaging

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