Kerala Police have registered an FIR against GLAS Trust Company LLC and several others over allegations of forgery and cheating in the insolvency proceedings of Think & Learn Private Limited, the parent company of BYJU’S. The complaint alleges that GLAS Trust relied on a forged lender-authorisation letter to establish its right to represent creditors and…
The Insolvency and Bankruptcy Board of India (IBBI) has directed insolvency professionals handling the Corporate Insolvency Resolution Process (CIRP) of companies with one or more real estate projects to display notices announcing the insolvency proceedings at each project site and the company’s offices within seven days of their appointment. The notices must inform stakeholders that…
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Opus Advisory Group, the UK’s largest independently owned restructuring and advisory firm, has announced the acquisition of Bretts Business Recovery, an established insolvency practice based in Dartford, Kent. Founded in 2012, Brett Business Recovery has built a strong reputation for providing insolvency and business recovery advice to businesses across the region. The acquisition will see…
Insolvency-related activity rose across several key sectors in the third quarter of 2026, highlighting uneven pressure on businesses, according to R3’s latest quarterly Business Health report. This is despite overall levels of distress remaining largely stable. The report, based on Creditsafe data, found there were 6,939 insolvency-related activities in Q3 2026, including administrations and voluntary…
The Insolvency Service has signed a three-year contract with AI company Quantexa to help investigators uncover complex financial crime, focusing on serial company phoenixing, the missing billions in covid related fraud which have gone below the radar, and high street money laundering fronts. With more than £4bn lost to Covid related support scheme fraud, the…
Ruling that a change of management through insolvency does not wipe out the alleged diversion of company funds, the NCLT has held the Centre’s SFIO recovery plea against former Bhushan Power and Steel promoters maintainable. New Delhi: The National Company Law Tribunal (NCLT), Principal Bench, has dismissed eight applications by former promoters of Bhushan Power…
REVEALED: Liquidator appointments for businesses in the Campbelltown (NSW) council area for November 2 The Daily Telegraph Read the original article here
State-owned RomaniaFilm enters bankruptcy after eight years of insolvency Romania Insider Read the original article here
Full list: Companies entering liquidation or administration across Australia on November 2 Herald Sun Read the original article here