Citing a Reserve Bank of India (RBI) notification, senior Congress leader Jairam Ramesh on Monday said that the State Bank of India should declare Gujarat State Petroleum Corporation (GSPC) as bankrupt by 5 p.m.

In relief to a group of flat owners/buyers in projects of Jaypee Infratech, the Supreme Court on Monday stayed the National Company Law Tribunal's (NCLT) order appointing an insolvency resolution professional to carry out corporate insolvency proceedings on IDBI's plea seeking recovery of Rs 526 crore from the company.

Former Spice Girl Mel B has spent 38 million pounds on her extravagant lifestyle, and now has just 961 pounds left in her bank account.

Three-time Wimbledon tennis champion Boris Becker has been declared bankrupt by a court in London.