Social Security: Map Shows Benefits Crisis by State, Insolvency by 2032 – inc.com
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NCLT declares Congress MLC Naseer Ahmed insolvent over ₹1,454 crore loan default, membership under cloud
Bengaluru: Congress MLC Naseer Ahmed has landed in serious trouble after the National Company Law Tribunal (NCLT), Bengaluru Bench, declared him insolvent in connection with a massive loan default involving Bengaluru-based M/s Scotts Garments Limited. The development has raised questions over the continuation of his membership in the Karnataka Legislative Council. According to official proceedings,…
NCLT Admits SBI’s ₹8,532.5 Crore Insolvency Plea Against Anil Ambani as Personal Guarantor to RCOM, RITL Loans [Read Order]
In a recent development under the Insolvency & Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT) Mumbai Bench‑I has admitted State Bank of India’s (SBI) petition seeking initiation of insolvency proceedings against industrialist Anil Dhirajlal Ambani in his capacity as personal guarantor for loans extended to Reliance Communications Ltd. (RCOM) and Reliance Infratel Ltd. (RITL). The applicant, SBI, had sanctioned credit facilities of ₹565 crore to RCOM and ₹635 crore to RITL in 2016. Ambani executed…
Anil Ambani Faces Personal Insolvency NCLT Mumbai Holds Personal Guarantee Not Discharged By RCOM Resolution Plan Admits SBIs Rs 853 Crore Petition
Your browser does not support the audio element. The National Company Law Tribunal (NCLT), Mumbai Bench-I has admitted a petition filed by the State Bank of India (SBI) under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking initiation of the Insolvency Resolution Process against Anil Dhirajlal Ambani as a personal guarantor to…
Renovation boss goes bankrupt owing $800,000 as Adelaide family homes left in ruins
The owner of a troubled Adelaide renovation company has declared bankruptcy, leaving almost $800,000 in debts and dozens of families stranded with gutted homes, unfinished work and no answers. 7NEWS can reveal Jase William Henry, the operator of SOS Home Renovations, lodged bankruptcy papers on Thursday afternoon. The documents list a long line of creditors,…
NCLT rejects insolvency plea against Noida Metro Rail Corporation over pre-existing disputes
The NCLT has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation observing that there were ‘genuine’ pre-existing disputes between the parties over service quality, contractual obligations and payment deductions. The Allahabad Bench of NCLT rejected ETSL’s plea seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Noida…
NCLT rejects insolvency plea against Noida Metro Rail Corporation over pre-existing disputes
The NCLT has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation observing that there were ‘genuine’ pre-existing disputes between the parties over service quality, contractual obligations and payment deductions. The Allahabad Bench of NCLT rejected ETSL’s plea seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Noida…
Elon Musk 1000% certain that America will go bankrupt — investors need to know how to shield their nest egg
Elon Musk attends the 2023 Viva Technology Conference in France in 2023 Elon Musk made headlines earlier this year with a blunt prediction: Without a productivity miracle from artificial intelligence (AI) and robotics, America is headed for economic ruin. “We are 1,000% going to go bankrupt and fail as a country,” he said during a…
Bluesfest insolvency concerns emerge as liquidator probes festival collapse
Fresh concerns have emerged over the financial management of the now-defunct Byron Bay Bluesfest, with a liquidator’s report indicating the festival’s operating companies may have traded while insolvent for months prior to their collapse in March. The findings, revealed in a statutory report prepared by insolvency firm Worrells, add a new dimension to the demise…
Truro bankrupt criminal developer’s latest business goes bust over tax debts
He’s also facing sentencing again at Cornwall’s top court Developer Paul Stephens coming of Truro Crown Court after pleading guilty to charges relating to the illegal disposal of construction waste at his site near Rejerrah back in March 2026 (Image: CornwallLive) A bankrupt criminal developer has seen yet another of his businesses go bust, this…