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Suit
not to affect DPC
Sanjay
Jog
Mumbai, Dec 3: The beleaguered Enron’s voluntary petition
for Chapter 11 reorganisation of its 14 affiliated entities
was one of the major bankruptcies since 1980. Although, Enron’s
application for bankruptcy would not have any impact on the
fate of Dabhol Power Company, the following bankruptcy applications
are quite interesting to note.
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NYSE delisting
likely
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New York: The New York Stock
Exchange on Monday said it placed the bankrupt Enron
under review for possible delisting. Exchange spokesman
Ray Pellecchia said, however, the stock currently meets
the big board’s “quantitative” listing requirements,
and will continue to trade until a decision is made
on Enron’s listing status.
— Reuters
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The list of companies included: Texaco Inc
(bankruptcy date-December 4, 1997). Total pre-bankruptcy assets—$35,892
million filed in New York south court district. Financial
Corp of America: September 9, 1988; $33,864 million; CA-C.
Pacific Gas and Electric Co: June 6, 2001; $21,470 million;
CA-N. MCorp: March 31, 1989; $20,228 million, Texas-south.
First Executive Corp: May 13, 1999; $15,193 million; CA-C.
Gibraltar Financial Corp: August 2, 1990; $15,011 million;
CA-C. FINOVA Group Inc: July 3, 2001; $14,050.30 million;
DE. HomeFed Corp: October 22, 1993; $13,885 million; CA-S.
Southeast Banking Corporation: September 9, 1991, $13,390
million, Florida-S. Reliance Group Holdings Inc: December
6, 2001; $12,598.05 million, New York-S. Imperial Corp of
America: February 28, 1990; $12,263 million; CA-S. Federal-Mogul
Corp: January 10, 2001; $10,150 million; DE. First City BankCorp
of Texas: October 31, 1992; $9,943 million; Texas-North. First
Capital Holdings: May 30, 1991; $9,675 million; CA-C. Baldin-United:
September 26, 1983: $9,383 million: OH-S.
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