The NCLT Mumbai bench ruled that Canara Bank’s claim against N.S.D. Nirman was time-barred | AI Generated Representational Image Mumbai, August 26, 2026: The National Company Law Tribunal (NCLT), Mumbai has rejected the Bandra-based Canara Bank’s insolvency plea of Rs 742.06-crore against Uttar Pradesh-based N.S.D. Nirman Private Limited, holding that the bank’s claim against the…
Roxoa, founded in 2007 and based in the UK, operates four online jewellery brands: QP Jewellers Gold Boutique Ruby & Oscar Bail & Stone The online retailers specialise in gold, platinum, sterling silver, gemstones, and diamonds. Each brand has built a strong reputation, with customers praising both the quality of the jewellery and the delivery…
Over 1,600 businesses shut down in South Africa businesstech.co.za Read the original article here
Texas bankruptcy court orders First Brands into liquidation First Brands had proposed to seek over US$25bn in claims against third-party financiers Court finds plan not in keeping with bankruptcy rules A US bankruptcy court has ruled that a proposal by First Brands to recover billions of dollars through lawsuits against non-bank lenders is “not feasible”,…
A ROOFING and scaffolding company with more than 20 years of experience has entered insolvency. Youngs Roofing and Scaffolding Contractors Ltd, based in Warrington, has gone into creditors’ voluntary liquidation. The Stockton Heath company, which had been operating for over 20 years across the north west, was officially placed into insolvent liquidation on August 12,…
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Shadow bank boss accused of £1.3bn fraud had been bankrupt The Telegraph Read the original article here
The boss of a collapsed British shadow bank accused of £1.3bn fraud had been declared bankrupt shortly before he launched the company, it has emerged. Paresh Raja, who led mortgage lender Market Financial Solutions (MFS), was made bankrupt over a £350,000 debt just a year before the business started. He has been accused of “plundering”…
Prominent South African software development company liquidates Australian business MyBroadband Read the original article here
The bankruptcy of a prominent European company that specialized in securing compensation for flight delays and cancellations has left thousands of air passengers uncertain about the status of their EU261 claims and pending payouts, highlighting the risks of relying on third-party intermediaries in an already complex compensation landscape. Get the latest news straight to your…