Bankrupt Banking

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BSE Sensex, NSE to suspend trading in DHFL shares from today

Hindustan Times 14 Jun 2021

It comes after the National Company Law Tribunal (NCLT) approved the Piramal Group's resolution plan for the bankrupt-DHFL ... DHFL went bankrupt with more than ₹90,000 crore in debt to various lenders, including banks, mutual funds and individual investors, who kept fixed deposits with the company.

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Envisioning an architect's dream house

Arkansas Democrat-Gazette 13 Jun 2021

Prolific Frank W ... The family lived there until 1912, then, because they were bankrupt, moved to the Capitol Hotel. "His taste in architecture did not reflect his bank account," Toms said. Charles L ... Noland Blass (1920-1998), known for elegant structures like the Worthen Bank Building (now the Bank of America), "never found a style he liked," Toms said.

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NSE suspends trading of DHFL shares

Live Mint 12 Jun 2021

As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank ... DHFL had gone bankrupt with more than ₹90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.

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For businesses and individuals, COVID-19-created new normal will take some adjusting to

Gulf News 11 Jun 2021

Early 2020, while in India to see my hospitalized mother, I had to fly back within a week’s time for some can’t-be-put-off commitments in the UAE. I thought I could fly back later, because that is how easy life – and the process of travel - had been ... A 'new normal' and its rules ... Firms going bankrupt are unable to pay-off their suppliers and banks ... .

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For businesses and individuals, the COVID-19 created new normal will take some adjusting to

Gulf News 11 Jun 2021

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China’s Evergrande headache turns into a migraine

Reuters 09 Jun 2021

In focus is troubled Shengjing Bank (2066.HK), but larger institutions are involved too ... The result could be another collapse similar to that at Baoshang Bank, which was turned into a piggy bank by an insurance company and went bankrupt in 2020.

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The ‘hearing aids’ helping corporate India to listen better

Indian Express 09 Jun 2021

Reactions to expanded corporate roles in farming and banking suggest every Indian entrepreneur deserves an episode in Bad Boys Billionaires ... Not surprisingly, many bankrupt companies have entrepreneur holdings above 50 per cent because banks allowed them to borrow or steal their equity.

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British investigators seize cash from fraudster Virendra Rastogiafter 13-year hunt

The National 08 Jun 2021

British investigators have seized £248,000 ($351,168) from the architect of an international metal trading scam who was jailed for duping banks out of hundred of millions of dollars ... A British court more than a decade ago ordered him to pay back $360m but he refused and was declared bankrupt.

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Piramal Enterprises shares zoom over 10 pc

Yahoo Daily News 08 Jun 2021

... (NCLT) gave its approval to Piramal Group's bid for bankrupt-DHFL, subject to certain conditions ... DHFL had gone bankrupt with over Rs 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.

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DHFL debt resolution plan approved, shares to be delisted: All you need to know

Hindustan Times 08 Jun 2021

... finance company to be referred to NCLT by the RBI using special powers under Section 227 of the IBC.DHFL had gone bankrupt with more than ₹90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.

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DHFL shares to be delisted post acquisition by Piramal: Things to know

The Times of India 08 Jun 2021

DHFL had gone bankrupt with more than Rs 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.

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DHFL Shares to be Delisted from Stock Exchanges After Acquisition by Piramal

Yahoo Daily News 08 Jun 2021

Oops! ... DHFL had gone bankrupt with more than Rs 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.Story continues ... For the full year 2020-21, the non-banking finance company posted a net loss of Rs 15,051.17 crore, which widened from Rs 13,455.81 crore in 2019-20 ... .

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NCLT approves Piramal Group's offer for DHFL on certain conditions

Yahoo Daily News 07 Jun 2021

Mumbai, June 7 (PTI) The National Company Law Tribunal (NCLT) on Monday gave its approval to Piramal Group's bid for bankrupt-DHFL, subject to certain conditions ... DHFL had gone bankrupt with more than Rs 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.

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National Company Law Tribunal approves Piramal Group’s bid for DHFL

The Telegraph India 07 Jun 2021

The NCLAT’s direction had come on an urgent petition moved by the Union Bank of India on behalf of the CoC ... DHFL had gone bankrupt with more than Rs 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.

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France opens graft probe into Lebanon’s central bank chief

Al Jazeera 07 Jun 2021

Salameh reassured depositors last Thursday that the central bank — called the Banque du Liban — was not bankrupt and that people’s deposits were safe and would be returned soon, after reversing a decision to stop withdrawals from dollar deposit accounts that triggered street protests.