Childrenswear brand Tutto Piccolo goes into liquidation after insolvency proceedings – FashionNetwork India
Childrenswear brand Tutto Piccolo goes into liquidation after insolvency proceedings FashionNetwork India Read the original article here
Byron Bluesfest may have traded while insolvent for months before collapse
Byron Bay Bluesfest may have been trading while insolvent for months before it collapsed, according to a new report from the liquidator. The iconic northern New South Wales music festival, which had been running for more than 30 years, went into liquidation in March with debts exceeding $10 million. Of that, $7.4 million is owed…
IBBI CIRP Fourth Amendment 2026
On 8 June 2026, the Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2026 to amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. All you need to know about the amendment: A…
Social Security: Map Shows Benefits Crisis by State, Insolvency by 2032 – inc.com
Social Security: Map Shows Benefits Crisis by State, Insolvency by 2032 inc.com Read the original article here
NCLT declares Congress MLC Naseer Ahmed insolvent over ₹1,454 crore loan default, membership under cloud
Bengaluru: Congress MLC Naseer Ahmed has landed in serious trouble after the National Company Law Tribunal (NCLT), Bengaluru Bench, declared him insolvent in connection with a massive loan default involving Bengaluru-based M/s Scotts Garments Limited. The development has raised questions over the continuation of his membership in the Karnataka Legislative Council. According to official proceedings,…
‘We simply ran out of funding’ – British aero sensor company up for sale and heading towards liquidation
British aero sensor start-up Body Rocket is selling off its assets and heading towards liquidation, its founder has said. The company, established in 2018 as the world’s first real-time aerodynamic direct drag force measurement system, is currently seeking offers for everything from its trademarks and patents to the furniture in its office in Brighton. Body…
NCLT Admits SBI’s ₹8,532.5 Crore Insolvency Plea Against Anil Ambani as Personal Guarantor to RCOM, RITL Loans [Read Order]
In a recent development under the Insolvency & Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT) Mumbai Bench‑I has admitted State Bank of India’s (SBI) petition seeking initiation of insolvency proceedings against industrialist Anil Dhirajlal Ambani in his capacity as personal guarantor for loans extended to Reliance Communications Ltd. (RCOM) and Reliance Infratel Ltd. (RITL). The applicant, SBI, had sanctioned credit facilities of ₹565 crore to RCOM and ₹635 crore to RITL in 2016. Ambani executed…
Voices: Here’s the real story of Westminster University’s financial health
Westminster is not on the brink. We are here, we are stable and we are open for the next generation of Griffins. (Francisco Kjolseth | The Salt Lake Tribune) Westminster University is pictured on Tuesday, June 2, 2026. Add as Preferred Source Comment Read the original article here
NCLT Dismisses ETSL Insolvency Plea Against Noida Metro Over Pre-Existing Disputes
The National Company Law Tribunal (NCLT), Allahabad Bench, has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation (NMRC), citing “genuine” pre-existing disputes over service quality, contractual obligations, and payment deductions. ETSL had sought initiation of a Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency…
South Florida bankruptcy filings see uptick
South Florida personal and business bankruptcies are becoming the proverbial canary in the coal mine for financial distress as Iran war-driven energy prices and other rising costs add pressure to the ability to pay off debts. Figures from the U.S. Bankruptcy Court the Southern District of Florida show filings are on the rise this year…