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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

SA’s gambling problem getting worse

You thought gambling in SA was bad enough as it is, but it’s getting worse. A new study by research house Trade Intelligence shows 39% of online punters are gambling more than they did a year ago. More worrying is the fact that gamblers are sacrificing other spending priorities, particularly groceries, to place bets. Read:…

NCLT Recalls Corporate Insolvency Resolution Process Initiated Against Alchemist

NCLT Recalls Corporate Insolvency Resolution Process Initiated Against Alchemist “The insolvency proceedings were vitiated by fraud, collusion, and malicious intent” FinTech BizNews Service Mumbai, 5 February 2026: Directorate of Enforcement (ED) has secured a significant judicial outcome, as the Hon’ble National Company Law Tribunal (NCLT), New Delhi, vide its order dated 03.02.2026, recalled the…

CoC Approves Forensic Audit, Eyes Resolution Plan

The Financial Deep Dive Radhagobind Commercial Limited is navigating a crucial phase of its Corporate Insolvency Resolution Process (CIRP), as evidenced by the Committee of Creditors (CoC) third meeting held on February 5, 2026. Chaired by Interim Resolution Professional (IRP) Mr. Najeeb T P, the meeting underscored the ongoing efforts to ascertain the company’s…

Piramal Finance Cleared in ₹5050 Cr Money Laundering Case

Legal Exoneration and the IBC’s “Clean Slate” A Mumbai Special Prevention of Money Laundering Act (PMLA) Court has discharged Piramal Finance, the successor entity to Dewan Housing Finance Corporation Limited (DHFL), from a significant ₹5,050 crore money laundering case. The February 2, 2026 ruling, applying Section 32A of the Insolvency and Bankruptcy Code (IBC),…

NCLT Recalls Alchemist Insolvency Amidst ED Fraud Probe

The Regulatory Sword: Insolvency Process Recalled The National Company Law Tribunal (NCLT) in New Delhi has formally recalled the Corporate Insolvency Resolution Process (CIRP) initiated against Alchemist Limited. This significant judicial action, dated February 3, 2026, follows decisive intervention by the Enforcement Directorate (ED). The Tribunal’s order unequivocally states that the insolvency proceedings were…