Bankruptcy Archives

June 11, 2025
International
World

‘Please do not go to the airport’: Silver Airways ceases operations immediately; asset sale during bankruptcy collapses

Florida-based regional carrier Silver Airways abruptly shut down all flight operations on Wednesday, leaving passengers stranded and scrambling for refunds and alternative travel. The announcement came via a statement on the airline’s website: “We regret to inform you that we are ceasing operations as of today, June 11, 2025… Please do not go to the […]

April 9, 2025
International
World

Indian banks celebrate after Vijay Mallya’s appeal against bankruptcy dismissed; Mallya says he will get an annulment

TOI correspondent from London: A consortium of Indian banks celebrated on Wednesday after the UK high court refused Indian tycoon Vijay Mallya permission to appeal his UK bankruptcy order and the amended bankruptcy petition.The State Bank of India-led consortium is trying to claw back a £1 billion debt from Kingfisher Airlines founder Vijay Mallya who […]