POUNDLAND may find itself without funds by September 7 if its restructuring plan is not approved, according to barristers. Poundland, the well-known UK discount retailer, is in financial trouble and faces the possibility of running out of cash by early September if it doesn’t get the green light for its restructuring plan. The company, which…
The National Company Law Appellate Tribunal (NCLAT) said it had received a request for a favourable order from “one of the most revered members of the higher judiciary,” following which Justice Sharad Kumar Sharma in Chennai recused himself from the insolvency case. The tribunal was considering an appeal related to the Corporate Insolvency Resolution Process…
In an unprecedented order, a judicial member of the National Company Law Appellate Tribunal (NCLAT) recused from a case after recording in an order that “ one of the most revered members of the higher judiciary of this country” had tried to influence the outcome of the case. “We are anguished to observe, that one…
In an unprecedented order, a judicial member of the National Company Law Appellate Tribunal (NCLAT) recused from a case after recording in an order that “ one of the most revered members of the higher judiciary of this country” had tried to influence the outcome of the case. “We are anguished to observe, that one…
In November 2024, the same member had recused from a different matter involving Jeppiar Cements after recording in an order that he had been approached by his brother with a request to reserve the case for orders. The order dated November 18, 2024, stated: “Since I have been approached by my real brother who has dropped in…
IIIPI report suggests taxation reforms to streamline insolvency resolution under IBC. Key recommendations include tax neutrality for resolution plans. New Delhi, Aug 26 (PTI) A comprehensive set of reforms across taxation, insolvency and procedural frameworks can help streamline the insolvency resolution process, according to a report prepared by IIIPI. The report by the study group…
Star Entertainment’s lenders are refusing to grant waivers that would allow the casino group to breach the terms on a $430 million loan, preventing the company from finalising its full-year accounts. Sources with direct knowledge of the matter, not authorised to speak publicly, said the lenders were refusing to sign waivers for September or December…
Struggling matatu insurer, Invesco Assurance Company Limited, has been placed under provisional liquidation following a High Court order issued on July 31, 2025. In a notice dated Tuesday, August 26, the court appointed Diana Nduku Mumo as the Provisional Liquidator of the company, marking the latest development in the ongoing insolvency case. “Pursuant to the…
Dali Philippines faces insolvency risk as losses widen Inside Retail Asia Read the original article here
Making a film can come with its unique challenges; a lot can go wrong, and in the case of Francis Ford Coppola’s 1979 film Apocalypse Now, everything went horribly wrong. Photojournalist Chas Gerretsen, who was invited to the sets of the movie to document and compare the set and the story to some of the…