Category Archives: Bankruptcy

Bankruptcy court admits BSE-listed Supha Pharmachem under Insolvency Resolution Process

The bankruptcy court in Mumbai has admitted the listed pharma firm, Supha Pharmachem (formerly Remedium Lifecare), to the Corporate Insolvency Resolution Process (CIRP) and has appointed Rajesh Jhunjhunwala as the interim resolution professional (IRP) of the company. Mumbai-based Supha Pharmachem’s operational creditor, Boston Ivy Healthcare Solution, had approached the National Company Law Tribunal (NCLT) after…

Arshiya Limited Conducts 43rd and 44th Annual General Meetings Under Corporate Insolvency Resolution Process – scanx.trade

Arshiya Limited Conducts 43rd and 44th Annual General Meetings Under Corporate Insolvency Resolution Process  scanx.trade Read the original article here

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REVEALED: Latest business liquidations in Vincent – Daily Telegraph Sydney

REVEALED: Latest business liquidations in Vincent  Daily Telegraph Sydney Read the original article here

REVEALED: Latest business liquidations in Ipswich – The Courier Mail

REVEALED: Latest business liquidations in Ipswich  The Courier Mail Read the original article here

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Online home store Fonq declared bankrupt, 100 jobs at risk

A court has declared online home retailer Fonq bankrupt, according to the company’s trustees on Friday. They are now exploring whether parts of the business, including Naduvi, can be relaunched. Around one hundred employees are at risk of losing their jobs. Fonq had already received creditor protection earlier this month after failing for some time…

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Historic bankruptcy of Centauro shocks the market, and the century-old company puts more than 500,000 products, machines, and complete infrastructure up for online auction.

Published on 27/03/2026 at 12:00 closure of a brand founded in 1908 in Chile moves market with massive sale of items and attracts interest from buyers, merchants, and investors seeking opportunities The end of one of the most traditional companies in the food industry in South America is drawing attention and generating… Read the original…

IL&FS case: NCLT order puts spotlight on auditors’ role in insolvency cases

The decision comes amid an ongoing legal push launched in 2018 by the Centre, after the collapse of Infrastructure Leasing & Financial Services and its group entities exposed deep governance failures The National Company Law Tribunal’s (NCLT) refusal to grant immunity to leading audit firms in the IL&FS case marks a sharp turning point in…