Several significant judicial decisions were released in 2025 that remain relevant to businesses, commercial lenders and restructuring professionals. This bulletin summarizes the key developments of 2025 and highlights areas of significance for restructuring professionals and market participants to monitor in 2026. 1. Hudson’s Bay Company and Assignment of Contracts North America’s oldest corporation, the Hudson’s…
A company had deducted Rs 15.14 lakh from employees’ salaries for their provident fund for the period March 2012 to March 2013 and from May 2013 to July 2013, but didn’t deposit this money with the Employee Provident Fund Organisation (EFPO). Now, this company is insolvent. Seeing this gross misconduct, the Employee Provident Fund inspector…
In 2019, £15m was transferred to Kavanagh by company Rockfire Investment Finance, where he was chief executive. Kavanagh said he believed these were fees for the transactions made on behalf of the council. He admits spending £13.7m on a yacht, £9.1m on a private jet, purchasing a £3m villa in Mallorca and spending £800,000 on…
Arash Sharafzadeh, 33, overstated his company’s turnover to claim the maximum loan under the government scheme during the pandemic. Mr Sharafzadeh, who ran BSG Bolton Ltd, applied for the loan on September 4, 2020, and said the company’s turnover in 2019 was £210,566. However, the company’s actual turnover for the year ending July 31, 2019…
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NCLT Dismisses Insolvency Proceedings Against Burnpur Cement Limited scanx.trade Read the original article here
“This is how cities go bankrupt” | Gonzales council debates ‘above range’ employee raises Unfiltered with Kiran Read the original article here
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India is planning to establish a dedicated bench within the National Company Law Tribunal (NCLT) to handle cross-border insolvency cases, as part of efforts to improve resolution timelines and align the country�s insolvency framework with global standards. The proposed development, outlined in the past week, will come into effect once new rules under the…
Access Denied You don’t have permission to access “http://www.financialexpress.com/business/news-why-sbi-says-telecom-spectrum-should-be-an-insolvency-asset-4215317/” on this server. Reference #18.8e58d617.1776875475.376b5a17 https://errors.edgesuite.net/18.8e58d617.1776875475.376b5a17 Read the original article here