Status of struggling companies

Varoon2

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Hope this question is in the right place! If not, will move it. There are Indian companies that are facing insolvency/debt/ threat of liquidation. Some of these are the Anil Ambani group of companies, Videocon group, Punj Lloyd( last I heard) and several others. What happens to the day to day functioning of companies in their respective groups? Do they suspend operations, do they wait for a final ruling on their debt etc issues, do they immediately start the process of selling off..? What happens to them. Those 3 companies have huge interests spanning the globe.
 

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