INDIA – Hindusthan National Glass and Industries Ltd (HNGIL) has initiated insolvency proceedings against B9 Beverages Ltd, the maker of Bira 91 beer, by issuing a demand notice over an alleged payment default of Rs 11.77 crore (US$1.24M). The glass manufacturer issued the notice under Section 8 of the Insolvency and Bankruptcy Code (IBC), before a possible application to the National Company…
Business collapses are 75 per cent higher than pre-pandemic levels, analysis from the Australian Industry Group shows. The figures show more construction businesses are falling into insolvency than in any other industry, but also companies in the care sector are going bust at rates not seen before in Australia. For the second time in four…
September 1, 2026 SINGAPORE – They each drove Lamborghinis, wore expensive watches and ran schemes where they promised investors high returns for money put into their property deals and other businesses. But just three years after self-styled wealth gurus Lim Jian Bin, 36, and Jason Fong Wai Hong, 46, separately told dozens of investors that…
3000 hospitality businesses gone in a year as business feels the crunch The Press Read the original article here
Former Christchurch cafe owner Ed Tanner bankrupt after ‘pretty horrible hard times’ The Press Read the original article here
Refinaria de Manguinhos Declared Bankrupt by Rio Court TipRanks Read the original article here
The number that should stop the recovery talk The hospitality squeeze has stopped being a margin problem and become a structural failure. Credit bureau Centrix confirmed on 1 September 2026 that 422 hospitality companies entered liquidation over the past year, up 42%, while another 2,900 businesses ceased trading altogether. Roughly 3,000 gone in twelve months.…
Insolvency tribunal National Company Law Tribunal (NCLT) on Monday formed a five-member Bench to decide on media baron Subhash Chandra’s repayment plan in a personal insolvency case involving claims of more than Rs 22,000 crore after a division Bench failed to reach a majority verdict. The division Bench had referred the personal insolvency case against…
In today’s Finshots, we explain how the Essel Group’s financial crisis unfolded and why the insolvency case involving its promoter has sparked a major legal debate among Indian lenders. But before we begin, if you love keeping up with the buzz in business and finance, make sure to subscribe and join the Finshots club, loved by over…
NCLT forms 5-member Special Bench to hear insolvency case against Subhash Chandra amid fresh twist The Statesman Read the original article here