BENGALURU: In a major setback for Congress MLC Naseer Ahmed, the National Company Law Tribunal (NCLT) has declared him insolvent over default on bank loans and interest totalling Rs 1,454.71 crore. The order puts his Legislative Council membership and voting rights at risk. The case relates to a garments company, where Naseer Ahmed was managing…
Follow TNM’s channel for news updates and story links. The National Company Law Tribunal (NCLT), Bengaluru Bench, has declared Congress MLC Naseer Ahmed bankrupt in connection with the default of loans amounting to Rs 1,454.71 crore owed by Bengaluru-based M/s Scotts Garments Limited, for which he had stood as a personal guarantor. The order has cast…
By Dietrich Knauth June 12 (Reuters) – A U.S. bankruptcy judge in Houston said on Friday bankrupt auto parts maker First Brands could move ahead with a liquidation plan that would fund lawsuits against the company’s indicted founder and other insiders in an attempt to recoup money for creditors. U.S. Bankruptcy Judge Christopher Lopez allowed…
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First Brands moves ahead with liquidation plan MSN Read the original article here
Responsible: ad hoc news Markets & Valuation Desk. Reviewed prior to publication on June 12, 2026 at 10:07:57 PM ET. Details in the imprint. Coface SA, the French trade-credit insurer listed in Paris, is back in focus after the group raised its forecast for global corporate insolvencies in 2026 to roughly 6% growth, a marked…
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