India's bankruptcy regulator seeks views on cutting red tape to help resolution professionals
New Delhi/IBNS: India's bankruptcy rule-maker, the Insolvency and Bankruptcy Board of India (IBBI), said that it is planning to reduce the compliance burden of debt resolution professionals so that they can concentrate on stitching together rescue plans for companies under their supervision.
Troubled airline Go First faces fresh challenge as more employees resign
Mumbai: Grounded airline Go First is witnessing a high rate of attrition amid its attempts to restart operations, media reports said.
DGCA allows Go First 30 days to submit revival plan
New Delhi: Aviation regulator Directorate General of Civil Aviation (DGCA) has allowed cash-strapped airline Go First a 30-day period to present a detailed plan for reviving its operations, media reports said.
Embattled SVB Financial Group seeks protection from bankruptcy: Report
SVB Financial Group on Friday said it has applied for court-monitored restructuring under Chapter 11 bankruptcy protection to find potential buyers for its assets, Reuters reported.
American cosmetic major likely to file for bankruptcy: Report
New York: American cosmetic and skin care products firm Revlon is likely to file for bankruptcy, media reports said.
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