Upholds Insolvency Against the Company [Read Order]

The National Company Law Appellate Tribunal (NCLAT) has upheld the order of the Mumbai Bench of the NCLT that admitted a Section 7 petition against Future Ideas Company Ltd. The appeal, filed by suspended director Anil Biyani, was dismissed on April 9, 2025. The case revolves around ₹122.83 crore in unpaid dues arising from non-convertible…

Korean Biotech Firms Struggle as Drug Trials Fail, Triggering Liquidations and Layoffs

According to the pharmaceutical and biotechnology industry on the 17th, drug research and development company OsteoNeuroGen is set to hold an extraordinary shareholders’ meeting on the 25th to propose the company’s dissolution. (Image from OsteoNeuroGen webpage) SEOUL, June 18 (Korea Bizwire) — A string of clinical trial failures is putting severe financial strain on South…

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Why Many Unicorn Startups Are Facing Insolvency

India’s startup ecosystem has been one of the biggest success stories in the global innovation economy. From tech unicorns to new-age D2C brands, the past decade has seen extraordinary entrepreneurial momentum. But as the ecosystem matures, some growing pains have become more visible—especially around financial discipline and long-term sustainability. The recent insolvency plea against GlobalBees,…