The National Company Law Tribunal (NCLT) at Chandigarh has recently held that electricity is essential to the functioning of a hotel and must continue during insolvency proceedings. The tribunal restrained the Chandigarh Electricity Department from disconnecting power supply to a hotel undergoing the Corporate Insolvency Resolution Process.A bench of Judicial Member Khetrabasi Biswal… Read the…
Park Medi World Limited Acquires Febris Multi-speciality Hospital for ₹50.68 Crores scanx.trade Read the original article here
Nearly a decade after the Insolvency and Bankruptcy Code (IBC) transformed India’s creditor-debtor landscape, attention is shifting from statutory design to institutional capacity. While the Code altered lending behaviour, recovery expectations, and the culture of corporate distress resolution, its effectiveness is now being constrained by the forum that administers it — the National Company Law…
New Zealand’s government has confirmed that online casinos operating under the country’s upcoming licensing regime will be prohibited from accepting customer funds via credit cards. The restriction forms part of the Online Casino Bill, legislation intended to legalise and regulate online casino gambling while embedding consumer protection measures into the market from its launch. Consumer Debt…
Plant nursery Jongerius has now officially been declared bankrupt. The largely organic nursery, which played a key role within Dutch organic horticulture, suddenly announced on 31 October that it would cease operations. In the weeks that followed, uncertainty reigned for employees, growers and customers alike. Both a possible restart and bankruptcy were still on…
Bounty hunters: Sadiq boosts funding of council tax and business rate debt collectors London Evening Standard Read the original article here
TEMPO.CO, Jakarta – Susi Air airline is being sued for bankruptcy by its former employee regarding the fulfillment of severance pay. Fadila, a former employee, filed the lawsuit at the Central Jakarta Commercial Court on December 24, 2025. This case is recorded with Case Number 73/Pdt.Sus-Pailit/2025/PN.Niaga.Jkt.Pst. Fadila’s legal representative, Zentoni, stated that the bankruptcy lawsuit…
By ERIN DEBORAH WAKS, TRAVEL WRITER Published: 20:50 AEDT, 24 December 2025 | Updated: 20:59 AEDT, 24 December 2025 A UK travel company has collapsed into liquidation after running for 55 years. Ickenham Travel Group ceased trading as an Atol holder on November 20, the Civil Aviation Authority announced. On the CAA’s Atol failures page, it…
Representational image. Credit: Canva Borosil Renewables Limited has informed the stock exchanges about the start of a voluntary insolvency process for its wholly owned subsidiary in Germany, Geosphere Glassworks GmbH. The company shared that the insolvency application was filed by Geosphere’s Managing Director on December 22, 2025, before the insolvency court in Cottbus, Germany. Borosil…