NCLAT dismisses appeal, rules gratuity and leave encashment are not Corporate Insolvency Resolution Process (CIRP) costs, must be settled via resolution plan. New Delhi, Jul 20 (PTI) The NCLAT has dismissed an appeal by a former employee of Duncans Industries seeking priority payment of his gratuity and leave encashment dues by classifying them as insolvency…
Lake Ozarks Casino Investors Sued Over $1.6M Signature Debt PlayUSA Read the original article here
A debt collection company whose clients include banks and digital lenders has been saved from a Sh113.2 million dispute after inking an agreement with its creditors and exiting administration. Collection Africa Ltd, a non-performing asset resolution and debt recovery firm, was placed under administration on September 29, 2025 by Rubicon Landing LLP after failing to…
Data from the NCLT’s quarterly performance report show that the average approved value per resolution plan has declined from ₹1,481 crore in 2018-19 to ₹166 crore in 2025-26 The National Company Law Tribunal (NCLT) approved a record 78 resolution plans worth ₹5,517 crore in the first quarter (April-June) of FY27, the highest number of approvals…
Bucharest Mayor Ciprian Ciucu said on Monday that insolvency is the only remaining legal mechanism for the financial and operational restructuring of the Bucharest Transport Company (STB), which he described as being in an almost disastrous financial condition. In 2025, the company’s debt exceeded RON 1.7 billion, of which nearly RON 1.5 billion was owed…
Navigating a corporate insolvency is a challenging operation and can be incredibly stressful for owners who have poured their heart and soul into the businesses that they’ve created. Because of this, finding the right expert support is essential. You need a team around you that really understands your needs and is able to provide you…