The Speaker of Parliament, Dr. Jagath Wickramaratne, has endorsed the certificate on the Rescue, Rehabilitation and Insolvency (Corporate and Personal) Bill today (17). According to a statement issued by the Department of Communication of Parliament, the Bill was first read in Parliament on 17 March 2026 and was subsequently passed by Parliament following a…
15-year-old travel company ends in bankruptcy, cancels all trips thestreet.com Read the original article here
French plant-based producer SWAP Food, formerly known as Umiami, has been placed into judicial liquidation by the Paris Economic Activities Court. The company, which had raised more than €100 million since its founding in 2020, will continue operations until June 30, with an asset sale process expected to conclude by July 1, as reported by…
MUMBAI: The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Delhi as part of a money laundering investigation into alleged irregularities related to a corporate insolvency resolution process, officials said. They said a total of 17 locations related to Suraksha Asset Reconstruction Company Ltd (SARCL), Suraksha Realty Ltd, Khyati Realtors Pvt Ltd, their promoters,…
Mosaic execs want to shield Deloitte retainer amid $196M insolvent trading probe | Lawyerly Mosaic execs want to shield Deloitte retainer amid $196M insolvent trading probe Save (0) Please login to bookmark Close Former directors of failed clothing retailer Mosaic Brands are claiming privilege over retainer letters between Deloitte and the company as special purpose…
It looks like we’re having some trouble accessing your Credit Karma account. We’re working hard at getting everything back up and running, so check back soon to access your free credit scores, full credit report and more. Read the original article here
The Mumbai Bench of the National Company Law Tribunal (NCLT) has dismissed an insolvency plea filed by Phantom Studios India Pvt Ltd against Eros International Media Ltd. The Tribunal held that Phantom Studios’ claim for ₹1.48 crore arising from the parties’ co-production arrangement for the film NH10 did not qualify as an operational debt under…
Summary: In approving Ravelin’s CBCA plan of arrangement, the Court rejected a debentureholder’s attempt to carve out a proposed securities claim from the arrangement release, holding that distressed issuers are not required to provide “blow by blow” disclosure of non-binding restructuring negotiations before a transaction is ready to be announced. The debentureholder alleged that Ravelin…
Union Home Minister Amit Shah Kolhapur: India’s sugar industry is expecting key policy decisions during Union Home and Cooperation Minister Amit Shah’s two-day visit to Kolhapur on June 19 and 20, with hopes rising around long-pending demands related to sugar pricing, ethanol support and financial restructuring. Industry representatives believe the visit could bring clarity on…
UK travel agency plunges into liquidation after more than 40 years in business East London Advertiser Read the original article here