Mr. Raju Mangilal Marshiya has been appointed as the Resolution Professional (RP) for Supha Pharmachem Limited on May 11, 2026.This appointment, approved by the National Company Law Tribunal (NCLT), signifies the transfer of control from the board to the RP for the Corporate Insolvency Resolution Process (CIRP). Reader Takeaway: New RP appointed to manage insolvency;…
Plan to extend Mnangagwa’s term threatens Zimbabwe debt relief African Business Read the original article here
Plan to extend Mnangagwa’s term threatens Zimbabwe debt relief African Business Read the original article here
NEW DELHI: The National Company Law Tribunal (NCLT) has allowed the withdrawal of the corporate insolvency resolution process (CIRP) against Nobility Estates, developer of ATS Group’s residential project Le Grandiose in Noida, after lenders and the erstwhile management reached a settlement. The order was passed by the NCLT Principal Bench comprising Acting President Bachu Venkat…
End of the road for real estate Firm Kings Pride Capital FM Kenya Read the original article here
German discounter Mäc Geiz files for insolvency MSN Read the original article here
A general view of TPI Composites’ wind turbine blade production facility in Izmir, Türkiye. (Photo via tpicomposites.com) May 12, 2026 03:15 PM GMT+03:00 A Turkish court has declared bankruptcy for one of the two Izmir-based subsidiaries of U.S. wind turbine blade manufacturer TPI Composites, which came under scrutiny last year after more than 1,000 workers…
UAE – IFFCO Group has entered provisional liquidation following a significant shift in the company’s financial strategy as it moves to address an estimated US$2 billion debt burden through court-supervised restructuring. The proceedings, initiated in the Isle of Man and Singapore, represent a proactive step by creditors to stabilize the conglomerate’s global operations and preserve…
The European Bank for Reconstruction and Development (EBRD) is partnering with PrivatBank and Raiffeisen Bank Ukraine on a mechanism that will allow war-damaged borrowers to receive partial debt relief. It is the first instrument of its kind piloted by the institution since Russia’s full-scale invasion began, reflecting the scarcity of tools covering war risks despite…
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