The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) against Proto D Industries Private Limited, holding that the operational creditor had established a default of over Rs. 5.8 crore and the corporate debtor had failed to prove any ‘pre-existing dispute’.…
ATLANTA – Members of Spirit and Truth Church celebrated the holiday season during Sunday services by announcing a major financial commitment to families in need. What we know: Church leaders revealed the congregation is providing $1 million in medical debt relief, an effort timed as Affordable Care Act subsidies are set to expire for millions…
Key Takeaways Credit and debit card spending by household was up 2.4% in October, the strongest annual growth since early 2024, according to Bank of America’s 2025 Consumer Checkpoint report. If you’re feeling pressured to spend more this holiday season, consider strategies and tools like debt consolidation, balance transfers, and budgeting apps before taking on…
‘Glimmer of hope’ for businesses says R3 as November insolvencies fall Yorkshire Post Read the original article here
A brief overview of the situation: battery manufacturer BMZ Group is facing the insolvency of two of its central subsidiaries. Both BMZ Germany GmbH and BMZ Holding GmbH, based in Karlstein am Main, have entered insolvency. The Aschaffenburg District Court formally opened self-administration insolvency proceedings for both companies on 19 December 2025. As previously reported,…
REVEALED: Latest business liquidations in Hume Herald Sun Read the original article here
Opposition Leader Sajith Premadasa has fully endorsed the appeal by international economists urging substantial debt relief for Sri Lanka in the wake of Cyclone Ditwah. “I hope President Anura Kumara Dissanayake and his administration have the courage, wisdom, and capability to achieve these objectives,” Premadasa said in a post on ‘X’. His remarks come after…
The National Company Law Appellate Tribunal (NCLAT) at New Delhi, has recently reiterated that that the Covid-era suspension under the Insolvency and Bankruptcy Code does not protect personal guarantors from insolvency proceedings. The appellate tribunal ruled that the suspension applies only to companies and does not bar creditors from initiating insolvency proceedings against individuals… The…
Chairperson of the Select Committee of Lok Sabha Baijayant Panda presented the Report on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 to the Lok Sabha yesterday. The Bill had been introduced in the Lok Sabha in August this year and referred to the Select Committee for examining the Bill and submitting its report to…
Corporate insolvencies in Midlands fall as inflation and interest rates ease TheBusinessDesk.com Read the original article here