The National Company Law Tribunal (NCLT) at Kochi has recently dismissed an insolvency plea against consumer electronics company BPL Limited. It held that the Insolvency and Bankruptcy Code (IBC) cannot be invoked as an additional or parallel mechanism to recover the balance amount under an arbitral award after a creditor has already pursued execution proceedings.…
Japanese payment processor’s collapse hits banks and restaurants The Japan Times Read the original article here
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The number of corporate bankruptcies in Japan hit a 14-year high in the first half of 2026. The increase in failures continues a trend seen in the same period last year. Credit research firm Teikoku Databank says 5,335 businesses went under in the January-to-June period. That’s up 332 from last year and the highest since…
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Brightline Florida’s day of reckoning with its lenders may be coming soon. The privately owned, 235-mile railroad connecting Miami and Orlando, Florida, faces a July 15 deadline to make a payment on $985 million in “commuter” bonds,…
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The solar panels Christina Jimenez got four years ago for her home in Fort Worth came with a warranty. “If anything goes wrong, they told me to contact the installer, which would be TriSmart,” she said. When a panel went out last February and then another ten stopped working in April, she reached out to…
EU Adopts Directive on the Harmonization of Insolvency Law | Jones Day …
Iron ore miner tapping Alan Bond’s former resort island off the Kimberley put into administration | The West Australian Close navigation menu SubscribeLog In Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…