Mumbai: With a view to increase their accountability, resolution professionals (RPs) could be in for far stricter action under the proposed Insolvency and Bankruptcy Code (Amendment) Bill, 2025, which will empower the “disciplinary committee” to impose penalties of up to ₹2 crore, suspend, or even cancel their registrations for “unlawful gains”. The draft law lands…
Greenus Capital Limited has raised $23 million in debt financing for Johnvents Industries Limited, to support the agribusiness firm’s operations and expansion drive. Olakunle Odeyemi, CEO, Greenus Capital, said as an Africa-focused advisory firm, Greenus Capital is committed to unlocking capital and growth opportunities for high-potential, middle-market businesses. In a statement made available to journalists,…
An Ontario woman was in disbelief after winning a hefty Lotto Max second prize. East Gwillimbury resident Lucinda Themelis won $216,083.90 in the Lotto Max draw on June 27. The administrative assistant has been playing with the Ontario Lottery and Gaming Corporation (OLG) for decades. She enjoys Lotto Max, Lotto 6/49 and Lottario, always adding…
The National Company Law Tribunal (NCLT) has dismissed a fresh insolvency plea filed by Exotel Techcom Pvt. Ltd. against Dunzo Digital Pvt. Ltd., noting that the Bengaluru-based hyperlocal delivery startup has already been admitted into the Corporate Insolvency Resolution Process (CIRP). Exotel, an operational creditor, had moved the tribunal under Section 9 of the Insolvency…
The Family Outpost posted a liquidation sale sign on their front entrance last week. // SB Williams By Sara Beth Williams–A family-owned thrift store in Citrus Heights is going out of business, according to an estate sales company that is handling the liquidation of the store’s merchandise. The Family Outpost thrift store posted a liquidation…
Cruise passenger with $16K gambling debt jumps overboard to avoid repayment MSN Read the original article here
04 Sep 2025 By Craig Darling, Partner, Corporate at Gilson Gray. Scotland’s SME sector has shown impressive resilience over recent years. However, for lenders, particularly challenger banks, alternative funders and asset-based lenders – 2026 will be critical in balancing opportunity with risk. The end of government support schemes has exposed the underlying pressures many businesses are…
Think & Learn Private Limited, the parent company of embattled edtech giant Byju’s, has officially called for potential investors to express their interest in acquiring the firm. The company’s Resolution Professional, Mr. Shailendra Ajmera, issued a formal “Invitation for Expression of Interest” (EOI) September 1, 2025, marking a crucial step under the Corporate Insolvency Resolution…
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