Paradigm Biopharmaceuticals has entered voluntary administration. The Melbourne drug developer made the move after an interim result halted its Phase 3 trial, and now hopes to restructure its debts while assessing what the trial data can still offer. Read the original article here
The Supreme Court held that tribunals can recall insolvency proceedings begun through fraud and collusion, but need not always end them, and sent the Greenopolis case back to NCLT. – Orris Infrastructure Private Limited v. Rakesh Kumar Gupta & Ors. The Supreme Court has ruled that the insolvency tribunal can recall a corporate insolvency process…
India Infrastructure Finance Company (UK) Limited (IIFCL UK), the overseas arm of state-owned India Infrastructure Finance Company, has approached the National Company Law Tribunal (NCLT), seeking insolvency proceedings against Mumbai Metro One Private Limited (MMOPL) over alleged dues of about ₹1,745 crore. MMOPL is controlled by Reliance Infrastructure. The petition, filed under Section 7…
Luckily, 2026 isn’t over just yet. If you set a financial goal at the start of the year, whether that was building your emergency fund, paying down debt or simply saving more money, there’s still time to make meaningful progress. The key is turning that goal into a plan you can actually stick to. A…
RetailDeals A family-owned online supplier of natural and organic cosmetic and skincare ingredients has ceased trading and been placed in administration. Christopher Horner and Kevin Pinkerton, of restructuring and insolvency practice Business Rescue Expert, have been appointed joint administrators of Scotland-based Aromantic Limited. The £1.1 million-turnover business, based on the Greshop Industrial Estate in Forres,…
LEGAL AID: £1.3m for free advice across Wales if you’re facing eviction, debt or a benefits row Swansea Bay News Read the original article here
The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently directed the NCLT, Mumbai Bench, to first decide an application filed by a sugar cooperative alleging that a Section 7 insolvency case against a company was collusive and could prejudice its rights. The tribunal said this was warranted by the peculiar facts of the…
The big winner, who used the alias “Hawks” when claiming her winnings at Maryland Lottery headquarters, said she has a tradition of getting together with her mother one morning a week to play scratch-offs. They were stunned when they came across the Triple Red 7s Tripler scratch-off ticket that had a 7 autowin symbol with…
The Supreme Court on Wednesday reserved its judgment on whether a resolution plan approved by the Committee of Creditors (CoC) can be withdrawn after it has been submitted to the National Company Law Tribunal (NCLT) for approval. The Committee of Creditors (CoC) is the primary decision-making body under the Insolvency and Bankruptcy Code (IBC)…
The number of Pix transactions fell about 10% over the past three days, after the government published a presidential decree (MP) late Friday afternoon (25) banning online sports betting (known in Brazil as “bets”). For part of the banking industry, the ban is viewed favorably, since there are in fact many indicators that betting sites…