About 30 Russian airlines, accounting for 26% of domestic passenger traffic, may go bankrupt in 2025, Russia’s Izvestia newspaper reported on Nov. 13. Since the full-scale invasion began, most Russian airlines have come under Western sanctions. As a result, in 2022, several industry players stopped making lease payments. Russian airlines fear a deterioration in their…
The National Company Law Tribunal (NCLT) has issued a notice to Gensol Engineering following the insolvency plea filed against it by the Indian Renewable Energy Development Agency (Ireda), a report said. A bench of NCLT judicial member Shammi Khan and technical member Sanjeev Kumar Sharma instructed notice to be served to Gensol on all modes…
The Court of Appeal has ordered Hong Leong Bank to pay RM1,270,262.15 to Ten Jing Enterprise Sdn Bhd, together with interest and costs, after finding the bank guilty of negligence in the release of company funds. PUTRAJAYA: The Court of Appeal has affirmed that Hong Leong Bank was negligent in breaching a seizure order under…
Against the backdrop of global economic instability, the number of insolvencies worldwide recorded a 19% increase in 2024 compared to the previous year, according to the latest Atradius report “Insolvencies normalise, but trade war brings new risks”, published in April 2025. The analysis, covering 29 global markets, highlights a trend toward a return to pre-pandemic…
Thousands of Orange County residents saddled with medical debts have been granted a “no-strings-attached gift,” according to a national nonprofit that partnered with the county to forgive bills totaling about $472.5 million. Over 310,000 people received notice in the past two weeks that a medical debt of theirs had been cancelled, officials said. “For our…
Vodafone Idea has said that it cannot operate beyond FY26 without the government’s support. This is as per a report by CNBC-TV18. The company reportedly said that if it does not get support from the government, it will go to the National Company Law Tribunal (NCLT) for insolvency. Vodafone – Ideas owes the government Rs…
Indian Renewable Energy Development Agency Ltd. filed an insolvency petition against Gensol Engineering Ltd. before the National Company Law Tribunal (NCLT), Ahmedabad. Following this, the NCLT issued notices to Gensol and scheduled the hearing for June 3. IREDA filed a petition against Gensol on May 14 under Section 7 of the Insolvency & Bankruptcy Code.…
Crisafulli settled $200,000 insolvent trading claim The Australian Read the original article here
A Bench of NCLT comprising Mahendra Khandelwal (Judicial Member) and Subrata Kumar Dash (Technical Member) heard the matter and directed FIITJEE to file its response. The case has been posted for further hearing on July 10, 2025. Agarwal, who held a senior position at FIITJEE, has approached the tribunal under Section 9 of the Insolvency…
SAVANNAH, Ga. (WTOC) – Broughton Partners offers legal marketing services, but they’ve also been helping people in a vulnerable time in their lives. Over the years, their campaigns have helped get eliminate 45 million dollars in medical debt. Broughton Partners Chief Revenue Officer Scott Crawford joined Morning Break to talk about the program. He says…