PUTRAJAYA: The rising trend of individuals declaring voluntary bankruptcy is becoming a growing concern, signalling that many are struggling with severe financial difficulties. In recent years, more people have opted to declare themselves bankrupt through a Debtor’s Petition, a legal process filed in court to protect themselves from excessive creditor claims. Insolvency Department director-general Datuk…
Former Putin Challenger Is Declared Bankrupt by Russian Court U.S. News & World Report Read the original article here
Russian opposition politician Boris Nadezhdin, who tried unsuccessfully to run against Vladimir Putin in a presidential election last year, was declared bankrupt by a Moscow court on Thursday, state media reported. Acting on a petition filed in May 2024 on behalf of Rosenergobank, which itself went bankrupt in 2017, the arbitration court found Nadezhdin had…
(Reuters) – Russian opposition politician Boris Nadezhdin, who tried unsuccessfully to run against Vladimir Putin in a presidential election last year, was declared bankrupt by a Moscow court on Thursday, state media reported. Acting on a petition filed in May 2024 on behalf of Rosenergobank, which itself went bankrupt in 2017, the arbitration court found…
Romania’s UCM Resita goes bankrupt SeeNews Read the original article here
The National Company Law Tribunal (NCLT) has ruled in favour of food delivery giant Zomato, dismissing an insolvency plea filed by B2B apparel manufacturer Nona Lifestyle over alleged unpaid dues of Rs 1.64 crore, CNBC TV18 reported. The decision brings significant relief to Zomato, which was embroiled in a legal battle over non-payment claims linked…
A Christchurch takeaway and restaurant business with sushi outlets under the Hachi Hachi brand has folded while owing staff holiday pay and a hefty tax bill. The seven companies, owned by Hachi Hachi founders and directors Titi Khemarangsan and Bundit Kijpalakorn, were placed in voluntary liquidation on March 25. Initial liquidator reports for the businesses…
The National Company Law Tribunal (NCLT) has refused to initiate insolvency proceedings against Zomato, bringing relief to the food delivery giant amid a legal dispute over alleged unpaid dues of ₹1.64 crore. The petition was filed by Nona Lifestyle, a B2B apparel manufacturer, which claimed that Zomato failed to pay for rider uniforms and merchandise,…
Share on: 04/03/2025 10:20 The risk of insolvency was the highest in the transport and logistics sector in 2024 The risk of insolvency was highest in the transport and logistics sector last year, with 14 out of every 1,000 companies liable for VAT filing for bankruptcy in 2024. But even in sectors that were hardly…
Ishita Sharan, legal head of the NARCL, India’s ‘bad bank’, sheds light on mounting insolvency challenges and the critical role of the bank in tackling stressed assets. Indrajit Basu reports The report also indicates that 1,983 bankruptcy cases remain active within the corporate insolvency resolution process (CIRP) framework. After creditors assess the recovery potential and…