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On March 9, Glodon News reported that Tianzhong Precision Machine (300461.SZ) announced the receipt of the Civil Ruling from the Intermediate People’s Court of Shenzhen City, Guangdong Province. The main content of the Civil Ruling is as follows: “This court believes that Youfu Company is unable to repay its due debts, its assets are insufficient…
TUK Clarifies Shutdown Reports After Parliament Declared It Insolvent MSN Read the original article here
The Department of Financial Services (DFS) on Monday reviewed the progress of major cases under the Insolvency and Bankruptcy Code (IBC) to accelerate resolution and improve recovery outcomes. The review meeting was chaired by DFS Secretary Shri M. Nagaraju, and attended by senior officials from the Department of Financial Services, top management of…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The National Company Law Appellate Tribunal (NCLAT) has upheld a previous decision rejecting an insolvency plea made by Reliance Realty against Altruist Customer Management. The dismissal was originally issued by the National Company Law Tribunal (NCLT), which cited a pre-existing dispute over Rs 24.34 crore in rental dues. Reliance Realty sought insolvency proceedings under…
AuthorIshaan Verma|Published at:9th March 2026, 8:59 pm Overview The finance ministry has directed public sector banks (PSBs) to accelerate efforts in resolving corporate insolvency cases under the IBC, aiming to minimize delays and improve asset value recovery. This directive follows a review meeting highlighting the need for a more collaborative approach. Despite overall improvements in…
Spotting financial distress early can be the difference between stabilising a business and watching problems escalate. Directors have legal duties to act in the best interests of creditors once insolvency becomes a real risk, which means early action is essential. This guide explains the key early warning signs of insolvency and the practical steps directors…
Discover how insolvency affects you and what steps to reduce personal liability Overview If you are a company director with a director’s loan account (DLA), it is important to understand how insolvency affects your personal position. When a company enters financial difficulty, the way your loan account has been managed can significantly increase or reduce…