Reliance Communications (RCom) is learnt to have urged the State Bank of India (SBI) to withdraw its decision classifying the debt-laden telecom operator and its promoter-director Anil Ambani as “fraud.” Company sources claimed the move was made “without giving Anil D. Ambani a chance to present his case.” Read More Once among India’s largest mobile…
An award-winning Melbourne restaurant which began as a delivery service during lockdown has gone bust. 1800 Lasagne graduated to a physical store in August 2020, winning a cult following, awards, and the patronage of Jamie Oliver in the inner-north suburb of Thornbury. But external administrators have now been called in, and the business may be…
JCT Ltd, a leading manufacturer of filament yarn and composite textiles, has formally entered the Corporate Insolvency Resolution Process (CIRP) following an order of the National Company Law Tribunal (NCLT). An “Invitation for Expression of Interest” (EoI) issued by the Deemed Resolution Professional, Hasti Mal Kachhara, has now called for prospective resolution applicants. The company’s…
Average energy arrears among people seeking debt advice from StepChange Scotland have surged by 42% year on year, leaping from £2,464 in the first half of 2024 to £3,499 in the first half of 2025. This sharp increase raises serious concerns about the ability of households to heat their homes this winter while repaying built…
In a recent case, the National Company Law Tribunal (NCLT) New Delhi Bench has held that provisions of moratorium is not applicable to transactions which might be notified by Central Government and admitted the Insolvency application in establishment of default debt. The Company Application filed under section 7 of the Insolvency and Bankruptcy Code, 2016…
In a recent ruling, the Chandigarh bench of the National Company Law Tribunal (NCLT) in view of the satisfaction of the conditions provided under section 33 of the Code, the Corporate Debtor, i.e., JM Feed Mills Private Limited, is directed to be liquidated in the manner as laid down in Chapter III of the Insolvency…
Report reveals reasons behind administration of Gusto Restaurants Insider Media Ltd Read the original article here
In the second quarter of 2025, the number of registrations of EU businesses increased by 4.6% compared with the first quarter of 2025. At the same time, the number of bankruptcy declarations increased by 1.7% compared with the first quarter of 2025. This information comes from data on business registrations and bankruptcies published by Eurostat…
Photo: 123rf New Zealand’s largest mānuka honey producer Comvita is eyeing a company sale, amid challenging times in the global honey sector. The listed health and wellness company announced on the NZX on Monday morning that its board voted in favour of a bid by Florenz, a subsidiary of investment firm Masthead, to buy the…
Driven by rail and intermodal HHLA reports robust H1 2025 performance German logistics company HHLA has had a very successful first half of 2025. Revenue (884,5 million euros) and EBIT (79,4 million euros) are up substantially,… 14 August 2025 Read the original article here