The National Company Law Appellate Tribunal (NCLAT) has set aside the bankruptcy case against Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a subsidiary of Essar Group. An NCLAT bench led by chairperson Justice Ashok Bhushan overturned the National Company Law Tribunal (NCLT) order, based on a petition from Greka Green Solutions (India) Ltd,…
Zomato is facing potential insolvency proceedings as Nona Lifestyle Pvt Ltd has filed a petition with the National Company Law Tribunal (NCLT) seeking to restore an earlier insolvency plea under Section 9 of the Insolvency & Bankruptcy Code. Nona Lifestyle claims Zomato owes ₹1.64 crore, including interest, due to delayed payments and incomplete delivery, a…
Swindon & Wiltshire Economy Tuesday March 18 2025 Author Name: Peter Davison Insolvency-related activity increased by more than 23 per cent across across the Thames Valley and Wiltshire region last month, according to R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe showed a rise in insolvency-related activities from…
By Emily Lever · March 18, 2025, 8:53 PM EDT In its second bankruptcy in six years, fast-fashion chain Forever 21 is winding down and plans to close more than 300 U.S. stores, and has disclosed more than $1 billion in… To view the full article, register now. Read the original article here
Katie Price says both her bankruptcies have been discharged MSN Read the original article here
While some markets, including Australia, Singapore, and Japan, may see a moderation in insolvencies in 2025, other economies – such as Taiwan (8%), South Korea (3%), and Hong Kong (2%) – are expected to continue experiencing increases, primarily due to subdued trade demand and prolonged financial pressures. Read the original article here
Electric two-wheeler maker Ola Electric is facing a major legal and financial crisis as Rosmerta Digital Services and Rosmerta Safety Systems, two of its largest vehicle registration partners, have filed two insolvency petitions against its subsidiary, Ola Electric Technologies Pvt. Ltd. The dispute, over unpaid dues, has reached the National Company Law Tribunal (NCLT), putting…
KUALA LUMPUR: A total of 5,272 youths below the age of 34 have been declared bankrupt from 2020 to this year, according to Youth and Sports Minister Hannah Yeoh. She said that of the total, 5,189 were aged between 25 to 34, while 83 others were below 25. “The trend of bankruptcy among youths shows…
Reality star Katie Price has said that both of her bankruptcies have been discharged. The former glamour model, 46, who has fronted various Channel 4 and BBC documentaries about her life, was declared bankrupt for a second time last year over an unpaid tax bill worth more than £750,000. Her first bankruptcy from 2019 was…
Reality star Katie Price has said that both of her bankruptcies have been discharged. The former glamour model, 46, who has fronted various Channel 4 and BBC documentaries about her life, was declared bankrupt for a second time last year over an unpaid tax bill worth more than £750,000. Her first bankruptcy from 2019 was…