Category Archives: Bankruptcy

Telangana HC Grants Pre-Arrest Bail in Alleged ₹167 Lakh Misappropriation Linked to IBC Liquidation [Read Order]

In a recent ruling, the Telangana High Court granted pre‑arrest bail to a former director of G.S. Biotech Limited, who was accused of misappropriating ₹167 lakh in government compensation after the company entered liquidation under the Insolvency and Bankruptcy Code (IBC). The case originated from a complaint filed by the Liquidator of G.S. Biotech Limited, alleging that Makhariya misrepresented…

Archdiocese to Pastors: Raise Millions for Sexual Abuse Victims or Go Bankrupt

Stunned pastors were summoned to an all hands meeting by the Roman Catholic Archdiocese of New York in which they were told that despite real estate selloffs and cost cutting, the $300 million fund to pay off past victims of sexual abuse by priests and lay personnel was still hundreds of millions of dollars short…

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British parent of nuclear developer Moltex Energy Canada in talks with potential buyer

Open this photo in gallery: The exterior of the Point Lepreau Nuclear Generating station in Lepreau, N.B.Kevin Bissett/The Canadian Press More than a year after the parent company of New Brunswick nuclear technology developer Moltex Energy Canada Inc. entered into a British insolvency proceeding, “advanced” negotiations with a potential buyer are progressing, according to an…

Saks Settles Fight With Simon Property, Cuts Deal With Creditors – The Business of Fashion

Saks Settles Fight With Simon Property, Cuts Deal With Creditors  The Business of Fashion Read the original article here

MyndTec Inc. Makes Voluntary Assignment in Bankruptcy Under the Bankruptcy and Insolvency Act (Canada)

Mississauga, Ontario–(Newsfile Corp. – April 24, 2026) – Further to its press release dated April 8, 2026, MyndTec Inc. (CSE: MYTC) (“MyndTec” or the “Company“) announced today that, having been unable to secure the additional financing required to continue operations, it has made a voluntary assignment in bankruptcy for the general benefit of its creditors pursuant…

Winsome Yarns Limited Receives NCLT Approval for Resolution Plan – scanx.trade

Winsome Yarns Limited Receives NCLT Approval for Resolution Plan  scanx.trade Read the original article here

Bain faces risk of bankruptcy

Coalition of Independents (COI) Party Leader Lincoln Bain during the opening of COI Headquarters on June 28, 2025. Photo: Dante Carrer/Tribune Staff By RASHAD ROLLE Tribune News Editor [email protected] COALITION of Independents leader Lincoln Bain is facing a bankruptcy action weeks before the May 12 general election over debt rooted in a failed investment arrangement.…

The Treasury just declared the US insolvent. The media missed it – MSN

The Treasury just declared the US insolvent. The media missed it  MSN Read the original article here

Dutch carbon investment fund Treevive declares bankruptcy

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