Category Archives: Bankruptcy

National Company Law Tribunal Initiates Insolvency Resolution Process Over ₹9.44 Crore Operational Debt Dispute

Representational image. Credit: Canva The National Company Law Tribunal (NCLT), Kolkata Bench, has admitted an insolvency petition against renewable energy company Vikram Solar Limited and ordered the commencement of the Corporate Insolvency Resolution Process (CIRP). The order was pronounced on June 12, 2026, following a petition filed by operational creditor Isitva Steels Private Limited under…

Northern Irish insolvencies personal insolvencies increase whilst business insolvencies fall

Latest monthly statistics from the Insolvency Service have shown that personal insolvencies fell whilst business insolvencies increased in Northern Ireland in May 2026. The data showed that there were 140 personal insolvencies; this was 37% higher than in May 2025. There were 99 IVAs, 20 bankruptcies and 21 DROs. There were 30 business insolvencies, 43% lower…

Scottish business insolvencies fall by 25% – Credit Connect

Scottish business insolvencies fall by 25%  Credit Connect Read the original article here

Scottish company insolvencies fall by 25 per cent in May

The number of company insolvencies registered in Scotland fell by a quarter in May compared with the same month last year, according to the latest figures published by the Insolvency Service. A total of 100 company insolvencies were registered in Scotland in May 2026, down 25 per cent from May 2025. The figures show that…

A tsunami of bankruptcies threatens the global economy

A new wave of corporate insolvency threatens the global economy, as bankruptcies worldwide surged by 12% already in the first quarter of 2026 compared to the corresponding period last year – This emerges from a recent report by credit insurance giant Coface. According to the company’s data, the primary trigger for this trend is the…

Vikram Solar shares fall 3% after NCLT admits insolvency petition against the company. Here's why – The Economic Times

Vikram Solar shares fall 3% after NCLT admits insolvency petition against the company. Here’s why  The Economic Times Read the original article here

Vikram Solar shares fall 2% after NCLT order admitting an insolvency petition – Moneycontrol.com

Vikram Solar shares fall 2% after NCLT order admitting an insolvency petition  Moneycontrol.com Read the original article here

NCLT Admits Paytm’s Insolvency Plea Against Gaming Company Fabzen

The National Company Law Tribunal (NCLT) has admitted fintech major Paytm’s insolvency plea against online gaming company Fabzen Technologies, which operates games such as Ludo Empire, Callbreak Empire and Skill Patti Empire, over unpaid digital advertising dues of over ₹3.41 Cr. Paytm parent One97 Communication has alleged that Fabzen failed to honour invoices for in-app…

#SHOWBIZ: Singer Zul of Handy Black shares past bankruptcy struggles, urges public to seek help

#SHOWBIZ: Singer Zul of Handy Black shares past bankruptcy struggles, urges public to seek help | New Straits Times … Read the original article here

NCLT Starts Insolvency Process Against Ludo Empire Parent Over Unpaid Dues

Online gaming company Fabzen Technologies Pvt Ltd, the operator of popular gaming platforms such as Ludo Empire, Callbreak Empire, and Skill Patti Empire, has suffered a major legal setback after the Mumbai Bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by One97 Communications Ltd, the parent company of Paytm. The…