On 27 July 2026, the UK Supreme Court held unanimously in Drelle v Servis-Terminal LLC [2026] UKSC 29 that an unrecognised and unregistrable foreign judgment for a debt or definite sum of money can constitute a “debt” for the purposes of section 267 of the Insolvency Act 1986, so that a creditor can present a…
85-year-old distiller escapes partner bankruptcy just in time thestreet.com Read the original article here
A Moscow arbitration court has declared Kvant LLC — the legal entity behind the television-manufacturing Kvant group of companies — bankrupt, the Russian business daily Kommersant reported, citing court records. A division of the DNS group filed the bankruptcy petition in June 2025, citing a debt of 654.6 million rubles. Twenty-four more creditors have since joined the case, including a division of Yandex, Alice…
A Moscow arbitration court has declared Kvant LLC — the legal entity behind the television-manufacturing Kvant group of companies — bankrupt, the Russian business daily Kommersant reported, citing court records. A division of the DNS group filed the bankruptcy petition in June 2025, citing a debt of 654.6 million rubles. Twenty-four more creditors have since joined the case, including a division of Yandex, Alice…
The bankruptcy case was initiated by electronics retailer DNS, which claimed the company owed more than 600 million rubles (about $7.6 million). Another 24 creditors later joined the proceedings. The total claims against Kvant reached nearly 4.15 billion rubles (about $53 million). Major creditors include entities affiliated with Yandex and Sberbank, as well as Sitronics…
Sono Motors declares insolvency electrive.com Read the original article here
Supreme Court judge Justice Sanjeev Sachdeva on Tuesday said that the Insolvency and Bankruptcy Code should not be viewed as “a corporate death warrant,” emphasising that its primary objective is the revival of financially distressed companies through resolution rather than liquidation. Speaking at the launch of IBC Mantra: The Law & Practice of the Insolvency…
The Supreme Court has reiterated that once a resolution plan is approved under Section 31 of the Insolvency and Bankruptcy Code (IBC), it becomes binding on the corporate debtor, creditors and all other stakeholders. Court held that all claims not specifically provided for in the approved plan stand extinguished, and no fresh or pending legal…
The Economic Court of Vitebsk Region declared the Polotsk Dairy Plant bankrupt and decided to initiate its liquidation procedure. Павялічыць Illustrative photo Shortly before this, the production assets of the enterprise were transferred to the management of “Savushkin Produkt” company. It received production buildings, equipment, and the workforce, which are planned to be used for…
A Moscow court has declared Russia’s only domestic television manufacturer bankrupt, the newspaper Kommersant reported Monday, citing court records. Consumer electronics retailer DNS filed a bankruptcy petition against the manufacturer, Kvant, last June over an unpaid debt of more than 654 million rubles ($8 million). DNS owns the in-house TV and electronics brand Irbis, which Kvant stopped…