Supreme Court rules RWAs can’t intervene in insolvency of developer firms. Upholds IBC code, protects homebuyer rights. New Delhi, Jan 15 (PTI) The Supreme Court on Thursday ruled that homebuyers’ societies or Resident Welfare Associations (RWAs) ordinarily constituted for maintenance and management of common facilities in a housing project cannot intervene in the insolvency proceedings…
New Delhi, Jan 15 (PTI) The Supreme Court on Thursday ruled that homebuyers’ societies or Resident Welfare Associations (RWAs) ordinarily constituted for maintenance and management of common facilities in a housing project cannot intervene in the insolvency proceedings of the developer company. A bench of justices JB Pardiwala and R Mahdevan, which upheld the insolvency proceedings…
DUG Foodtech AB, formerly known as Veg of Lund, has entered bankruptcy following a ruling by the Lund District Court on 19 December 2025. The decision was made at the company’s own request after it failed to secure sufficient financing to sustain operations. Nasdaq Stockholm has since delisted the company’s shares from the Nasdaq First…
As OpenAI continues its meteoric rise — boasting billions in revenue from ChatGPT and API usage while dominating headlines — the company faces a stark financial reality that could threaten its very existence. In a new New York Times opinion piece this week, historian and financial expert Sebastian Mallaby warns that despite massive fundraising rounds…
Investigations into the company’s financial records have been delayed, though an update for creditors is expected in the next review period. Joint administrator Frank Wessely noted while investigations may not lead to financial recovery for creditors, they are necessary to fulfill statutory duties and explore any potential avenues for enhancing recoveries. “As advised in my…
One of the smartest moves to make for your financial health in 2026 is to concentrate on debt management and understand what that really means, how to spot trouble early, and options if it feels overwhelming. The term “debt management” sounds intimidating, but at its core, it’s simply a plan to outline how and…