CREDITORS
Builder insolvency delays your flat possession? Know how the new IBBI amendment can protect homebuyers
The Insolvency and Bankruptcy Board of India (IBBI) amended the insolvency rules with the aim of giving relief to specified homebuyers who are stuck in projects where the builder has gone insolvent. This amendment says that now, if there is a viable project built by a builder who is under the insolvency process, then this viable project won’t be included in the insolvency process if it gets the majority votes.
NCLT flags undervalued, fraudulent HDIL property sale in 2019
The order relates to a commercial office premises in Dheeraj Pali Arcade Building on Pali Road, Bandra West, which was transferred to the buyer through a registered sale agreement dated July 4, 2019. The transaction involved former HDIL directors Rakesh Kumar Wadhawan and Sarang Rakesh Wadhawan.
When is Veterans Day 2026? Are post offices, USPS, UPS and FedEx open or closed? Is there mail delivery?
When is Veterans Day?: Veterans Day 2026 falls on Wednesday, November 11. USPS post offices will be closed and regular mail delivery will be suspended on Veterans Day, while UPS will operate normally and FedEx will follow a modified service schedule. Regular USPS services will resume on Thursday, November 12.
NFL legend Deion Sanders' son Shilo could owe $12 million for life: Creditor alleges two punches left school guard with nerve damage, incontinence
Shilo Sanders, the son of former NFL star Deion Sanders, is facing a challenging bankruptcy case involving nearly $12 million. Creditor John Darjean asserts that the debt should not be dismissed, citing intentional harm. A Texas court previously ruled in Darjean's favor after a 2015 assault case, and now the judge must determine if this financial obligation can be absolved under bankruptcy regulations.
Warren Buffett’s 7 golden rules for young investors trying to manage finances
Warren Buffett shares seven essential financial lessons for young investors, emphasising frugal living, eliminating high-interest debt, long-term investing, understanding businesses, maintaining cash reserves and portfolio diversification through his 90/10 rule. He also reminds investors that financial wealth matters less than happiness, relationships and unconditional love.
NCLT approves Ashdan Properties' resolution plan for Sunblink Real Estate
The National Company Law Tribunal approved Ashdan Properties' resolution plan for Sunblink Real Estate, which involved significant creditor dues. Sunblink Real Estate's insolvency proceedings were initiated over a default related to financial obligations. The properties in question include sea-facing buildings in Mumbai's Worli area, acquired previously from entities linked to Iqbal Mirchi. The resolution plan allocates Rs 143 crore to the secured financial creditor Piramal Finance over several instalments.
NCLT declares Videocon’s Venugopal Dhoot bankrupt in SBI’s Rs 12,668 cr claim
The NCLT has declared former Videocon chairman Venugopal Dhoot bankrupt in proceedings initiated by SBI over personal guarantees for loans extended to the group. The order follows the rejection of his Rs 600 crore repayment proposal, backed by a proposed Siliguri real estate project, against total admitted dues of Rs 12,668 crore.
Pakistan's external debt nearly doubled in decade ending 2025: World Bank
Pakistan's external debt is projected to rise to USD 135.1 billion by 2025, according to a World Bank report. Public and publicly guaranteed debt accounts for a significant portion, totaling USD 107.076 billion. China remains the largest creditor of Pakistan, holding USD 22.4 billion. The International Monetary Fund is expected to provide additional financial support for economic stability.
NCLT declares Videocon promoter Venugopal Dhoot bankrupt on SBI plea; appoints bankruptcy trustee
The National Company Law Tribunal (NCLT), Mumbai Bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt on a petition filed by the State Bank of India (SBI), after the failure of his personal insolvency resolution process and repayment plan.
Who is Rashee Rice? Why Kansas City Chiefs wide receiver filed for bankruptcy despite lucrative NFL contract
Rashee Rice, the Kansas City Chiefs wide receiver, filed for Chapter 7 bankruptcy on November 4, 2026. His debts totaled over $3.45 million, largely due to civil lawsuits from a serious car accident. Rice was involved in a crash in Dallas while driving at a high speed, leading to numerous legal issues. He has assets worth only $677,054, including his Super Bowl ring, which was used as collateral.
Developing countries' debt hit record $9.4 trillion in 2025: World Bank
Most of the increase was driven by private financing, with borrowing from private creditors and bond issuance by public enterprises rising nearly 35 percent, the Bank's annual International Debt Report showed.
Stocks in news: BSE, Lenskart, Nykaa, Bharti Airtel, LIC, Aurobindo Pharma and Nalco
Indian equity markets have enjoyed a remarkable stretch, registering gains for five consecutive sessions. The Nifty 50 index showed impressive growth, sparking optimism for a breakout beyond 24,000. Companies like Lenskart, Aurobindo Pharma, and BSE are in the spotlight as they report positive earnings. Experts advise keeping an eye on the support levels as the bullish trend persists.
Naraka Chaturdashi 2026: Why Do People Clear Debts and Settle Pending Dues Before Diwali?
Naraka Chaturdashi, commonly called Choti Diwali, celebrates the triumph of light over darkness in many households. As the Diwali festivities approach, families tend to reassess their financial standing and settle any unpaid dues. This ritual holds special significance for trading communities, marking the end of an accounting cycle. While not a religious obligation, managing debts reflects a cultural commitment to financial prudence, ultimately enriching the joyous atmosphere of Diwali.
Lenders accept Supreme Housing's Rs 522-crore settlement offer
Canara Bank along with other lenders accepted a ₹522-crore one time settlement offer from Supreme Housing and Hospitality. This settlement will help the company resolve debts close to ₹700 crore, representing a 75% recovery for involved banks. The one-time settlement includes both fund and non-fund exposure from corporate guarantees given to subsidiary entities.
Life insurance bought under MWP Act: Why it matters and how it can ensure greater protection for your family
Cutting through money jargon, one topic at a time. This week, Preeti Kulkarni explains how the MWP Act can ensure greater protection for your family.
Zee draws line between CBI probe against Subhash Chandra and its business
Zee Entertainment Enterprises has clarified that an Enforcement Case Information Report (ECIR) registered against founder Subhash Chandra in his personal capacity has no bearing on the company or its operations. The development follows an ongoing CBI investigation into an earlier FIR filed by LIC Housing Finance against the promoter entities.
Private equity companies add AI-disruption clauses to buyout loan agreements
Private equity firms are adding AI disruption clauses to buyout loan agreements, allowing companies to delay default consequences if artificial intelligence impacts their business, triggering lender concerns.
IBBI tightens real estate insolvency rules to prioritise home delivery
India's insolvency regulator has implemented new rules to prioritize project completion and better homebuyer oversight. Independent assessments of construction progress and funding needs are now mandatory for real estate projects. Creditors with at least 66% voting share can recommend excluding projects from insolvency proceedings. Homebuyers will now have representation on monitoring committees to oversee implementation. These measures aim to improve transparency and protect the interests of homebuyers during insolvency.
Jetblue CEO says company not in talks with its creditors: Report
JetBlue Airways CEO Joanna Geraghty has denied reports of debt restructuring talks with creditors, seeking to assure investors after a sharp selloff in the airline’s bonds. Her remarks follow reports that creditors hired restructuring advisers PJT Partners and Akin Gump, raising concerns about the carrier’s financial stability as it continues to struggle to return to profitability.
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