Sitharaman announces decriminalisation of Companies Act defaults

May 17, 2020

New Delhi [India], May 17 : In order to provide relief to the companies amid COVID-19 pandemic, Union Finance Minister Nirmala Sitharaman on Sunday...

Asia-Pacific corporates face escalating risks, defaults mount: Moody's

Mar 06, 2024

According to the report, by the end of 2023, the share of ratings with a stable outlook in the Asia-Pacific corporate portfolio had declined...

Sintex defaults on NCDs interest amount, blames liquidity crisis

Dec 30, 2020

Gandhinagar (Gujarat) [India], Dec 30 : Sintex Industries said on Wednesday it has not been able to pay the interest amount of Rs 3.6...

Credit defaults in Asia rose in 2019 while ratings remained indicators of relative risk: S&P

Oct 14, 2020

Singapore, October 14 : A total of 10 companies rated by S&P Global Ratings including seven confidential issuers defaulted in Asia last year, up...

China's debt clampdown raises risk of local government financial defaults

May 27, 2021

Beijing [China], May 27 : China's debt clampdown has raised the risk of a wave of defaults among the country's heavily indebted local government...

Coronavirus-related debts to be excluded from defaults under IBC

May 17, 2020

New Delhi [India], May 17 : Corporate debts related to COVID-19 pandemic will be excluded from default category under the Insolvency and Bankruptcy Code...