The Mumbai bench of the National Company Law Tribunal (NCLT) allowed the liquidation of Reliance Capital Ltd. with the provision of the Insolvency and bankruptcy Code(IBC), 2016 and appointed the liquidator. The Application has been filed under Section 33(2) of Insolvency and Bankruptcy Code, 2016 (“theCode”) read with applicable provisions of the Insolvency and Bankruptcy…
The National Company Law Tribunal (NCLT), Mumbai Bench has held that it is not the appropriate forum to adjudicate matters related to copyright violations related to ‘Kaithi’ movie and contract termination and rejected application preferred by Dream Warrior Pictures. The applicant, Dream Warrior Pictures file application under Section 9 of the Insolvency and Bankruptcy Code,…
Many North East firms at “crossroads”, insolvency expert says business-live.co.uk Read the original article here
Online gaming addiction has become a nationwide crisis, with rising cases of suicides, debts, and financial ruin across India. Families are losing their life savings, with over ₹20,000 crore lost annually and 45 crore people impacted. Tragic incidents — from Siliguri to Telangana — highlight the growing dangers of online betting, money gaming, and gambling.…
The situation of the Belgian transport group based in Turnhout had been deteriorating for several years, and hopes of a rescue were abandoned within just a few months. Despite earlier restructuring and attempts to expand into parcel transport and logistics, the company failed to stay afloat. Five companies declared bankruptcy The commercial court in Antwerp declared…
The situation of the Belgian transport group based in Turnhout had been deteriorating for several years, and hopes of a rescue were abandoned within just a few months. Despite earlier restructuring and attempts to expand into parcel transport and logistics, the company failed to stay afloat. Five companies declared bankruptcy The commercial court in Antwerp declared…
In an important, the Madras High Court has held that the Commercial Tax Department qualifies as a ‘secured creditor’ under the Insolvency and Bankruptcy Code ( IBC ) where statutory charges are created on the property of a corporate debtor. Thus, directed the auction purchaser – petitioner, to recover its purchase consideration from the corporate…
As Finland prepares to end its monopoly, a new study has warned the transition to a licensing model needs to be “carefully designed” to alleviate problem gambling concerns. A study in Finland has found online gambling ads contribute to problem gambling and financial harm, especially among online offshore gamblers. The study was conducted by Iina…
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire Corporate insolvencies increased by 1.4% in July 2025 to a total of 2,081 compared to June 2025’s total of 2,053, and slightly increased by 0.1% compared to July 2024’s figure of 2,078. Corporate insolvencies increased by 15.2% from July 2023’s…
7Anna files for bankruptcy as cycling industry faces post-COVID shakeout Bike Europe Read the original article here