In a recent ruling, the National Company Law Tribunal (NCLT), Chennai Division Bench, admitted a Section 7 application filed by Punjab National Bank against Aban Offshore Ltd., initiating the Corporate Insolvency Resolution Process (CIRP) for a default of over Rs. 1062 crore. The application stemmed from a debt dating back to 2017. Aban Offshore, the…
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Jobs lost as premium ice cream supplier enters liquidation TheBusinessDesk.com Read the original article here
Cian Healthcare’s Committee of Creditors Approves Resolution Plan Modifications scanx.trade Read the original article here
Hexaware Technologies Completes Voluntary Liquidation of Stepdown Subsidiary scanx.trade Read the original article here
When you take a personal loan, you could typically use it for a range of purposes such as renovation at home, emergency or wedding, etc. Besides that, some people take a loan for debt consolidation as well. But what if you take a loan for something more creative such as travel, funding a dream wedding,…
Council leaders have written to Chancellor Rachel Reeves demanding the right to impose higher council tax increases and new charges such as local tourism taxes, to avoid “system-wide financial failure”. Authorities are currently unable to raise council tax by more than 5% without holding a referendum of local voters, effectively making bigger increases impossible. But…
The construction sector continued to account for one in six company insolvencies in England and Wales over the last 12 months despite a month-on-month fall in August. According to the latest rolling annual Insolvency Service (IS) data, 23,141 insolvencies were recorded in the 12 months to August 2025, including 3,934 in construction. The sector’s share…
Simbhaoli Sugars Schedules IRP Meeting to Review Q1 FY2026 Results scanx.trade Read the original article here
Restructuring experts urge Reeves to avoid hiking corporate costs further By THIS IS MONEY Updated: 22:33 AEDT, 17 October 2025 The Chancellor must avoid piling further pressure on British businesses at her upcoming Budget after another 2,000 firms went bust last month, restructuring experts have warned. A sharp rise in labour costs, stubbornly high inflation…