Irish corporate insolvencies remain stable as creditor enforcement actions rise sharply. Corporate insolvencies in Ireland have remained largely stable in the first half of 2025, with 407 cases recorded compared to 412 in the same period last year, representing a marginal 1% decrease. However, the nature of these insolvencies is shifting significantly, with creditor-led enforcement…
Creditors are claiming a staggering ₹57,185 crore. Fair trade regulator CCI on Tuesday said it has given in-principle approval to Naveen Jindal-led Jindal Power‘s proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding. Apart from Jindal Power, the proposals of PNC Infratech, Adani Group and Dalmia Bharat for…
In the BPSL case, the figures were not insignificant. According to the RP’s affidavit, EBITDA exceeded ₹1,800 crore during the CIRP period. At various points, the Committee of Creditors (CoC) indicated that this sum should be distributed among creditors. JSW Steel, whose resolution plan was ultimately approved by the CoC, contended that EBITDA was simply…
Mumbai, Oct 3 (IANS) In a setback to industrialist Anil Ambani, the Bombay High Court on Friday rejected a plea against SBI’s decision to declare his loan account as “fraud”. A bench of Justices Revati Mohite Dere and Neela Gokhale dismissed Anil Ambani’s argument of procedural unfairness and upheld the State Bank of India’s action.…
The idea is to enable company executives and lenders to closely watch signals of financial distress in a company that precede a payment default and to pre-empt insolvency, the people said on the condition of anonymity. It could take some time before formal proposals are framed, as the matter requires broad-based consultations, they said. It…
“We work closely with the team, and their work and dedication have been greatly appreciated by visitors, partners, and the wider community for the last 10 years. At this time, our thoughts are with the team, and all those connected with Visit Cornwall – we recognise this is a very difficult period for them.” Read…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. An announcement from MT Educare Ltd ( (IN:MTEDUCARE) ) is now available. MT Educare Ltd has disclosed defaults on interest payments and principal repayments on loans from…
Popular streamer AyeZee has called out other content creators who normalize irresponsible betting and engage in “loan gambling.” [Image: Shutterstock.com] Popular streamer AyeZee has called out fellow content creators who he claims are normalizing irresponsible gambling. The Malta resident took to X on Thursday to air his grievances about what he called the new era…
KUALA LUMPUR: A multi-agency coordination office hosted by Bank Negara Malaysia (BNM) will be established in January to improve financial awareness and address growing risks. BNM Governor Datuk Seri Abdul Rasheed Ghaffour said the office will align financial literacy programmes across agencies, bringing together representatives from the Securities Commission, Employees Provident Fund and the Credit…
The National Company Law Tribunal (NCLT), Bengaluru Bench, on 6 August admitted Quick-commerce startup Dunzo Digital Private Limited into the Corporate Insolvency Resolution Process (CIRP). The order was passed today in response to a petition filed by Velvin Packaging Solutions Pvt. Ltd., an operational creditor, over a default of ₹2.29 crore. The tribunal, comprising Judicial…