Image used for representational purposes only. File | Photo Credit: PTI The Enforcement Directorate (ED) has intensified its action against the irregularities in the proceedings under the Insolvency and Bankruptcy Code (IBC), carrying out arrests, searches, and facilitating restitution of attached properties to banks and homebuyers in multiple cases involving alleged fraud and money-laundering. Earlier…
A popular global beer brand is reportedly facing liquidation, according to The Street. BrewDog has reportedly brought in restructuring advisers AlixPartners to explore options, which include a possible sale or breakup of the business entirely, following its equity sale to individuals under its “Equity for Punks” program. The program previously offered shares with discounts such…
A senior central bank official told The Business Standard that Tk5,600 crore has been sought from the Finance Division to carry out the liquidation 20 February, 2026, 08:25 am Last modified: 20 February, 2026, 11:22 am File photo of Bangladesh Bank/BSS “> File photo of Bangladesh Bank/BSS The Bangladesh Bank is fully prepared to begin…
President’s Day Sale – 70% Off Cemex SAB ( (CX) ) has issued an update. On February 19, 2026, Cemex closed a 5.5 billion Mexican peso (approximately US$320 million) offering of long-term notes in the Mexican market. The company plans to use the net proceeds for general corporate purposes, including debt repayment, in a move…
IDBI Trusteeship Services Limited has settled its insolvency dispute with Mahagun (India) Pvt. Ltd., paving the way for the withdrawal of corporate insolvency proceedings and potentially improving recovery prospects for the financial creditor. The National Company Law Tribunal (NCLT), New Delhi Bench–III, in an order dated February 17, 2026, recorded the settlement between the parties…
THE filing for provisional liquidation by Tongaat Hulett on February 12 marked the end of an era for a 134-year-old giant of the South African industry. What began as a hopeful business rescue process in October 2022, has devolved into a legal and financial crisis, leaving the nation’s sugar sector on the brink of collapse.…
Steel Leaf Brewing is closing, but before they do, they’re holding one final weekend that longtime fans won’t want to miss. BUFFALO, N.Y. — We now know Steel Leaf Brewing company will close its doors on Feb. 28. Along with that, the brewing company also announced plans to hold farewell events and a liquidation sale.…
Delhi High Court Quashes Best Judgment Assessment as Company Was Under Insolvency Process The Delhi High Court quashed an ex parte income tax assessment order as the order was passed without giving a fair opportunity for a hearing. The assessing officer had passed an order under Section 143(3) read with Section 144B of the Income…
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