The number of corporate insolvencies in Germany surged in the second quarter of 2026 to levels not seen in more than 20 years, according to new data from the Leibniz Institute for Economic Research Halle (IWH). In the April-to-June period, there were 4,996 insolvencies of partnerships and corporations. This represents a 9 per cent increase…
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OSAKA (TR) – Osaka City-based credit card payment processor Zentoshin Co. was forced into bankruptcy by the Osaka District Court on July 6, burdened by a staggering 125.9 billion yen in debt following a massive contract fraud scandal. The collapse marks the largest bankruptcy of the fiscal year and threatens to drag countless local businesses…
SC Upholds Rejection Of Rs 85 Crore Insolvency Plea Against Essar Power Gujarat BW Businessworld Read the original article here
Market snapshot: BPL Limited has secured a massive legal victory as the National Company Law Tribunal (NCLT) Kochi bench dismissed a ₹1,323 crore insolvency plea filed by Morgan Securities and Credits Private Limited. The tribunal ruled that the Insolvency and Bankruptcy Code (IBC) cannot be misused as a parallel recovery tool for arbitral awards, especially…
Your browser does not support the audio element. The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, comprising Justice N. Seshasayee (Judicial Member) and Arun Baroka (Technical Member), has observed that the Insolvency and Bankruptcy Code, 2016 is intended to maximise value through a time-bound resolution process and cannot permit indefinite delays…
Koko Networks, once heralded as the crown jewel of Africa’s clean-cooking transition, has officially entered insolvency management, laying off over 700 employees and leaving approximately 1.5 million Kenyan households without their primary source of cooking fuel. The catastrophic collapse exposes the profound fragility of climate-tech ventures that rely exclusively on complex global carbon finance models.…
It’s hard to talk about British pop culture and not mention Katie Price. She’s been everywhere for about 30 years, and lately, people can’t stop speculating about her personal life or her finances. With the new documentary, ‘Katie Price: Nothing to Hide’, airing on Sky and headlines about her lost and found husband Lee Andrews…
The Oceanium Limited business, producing farmed seaweed-derived bioactive and food ingredients, has been acquired by Juno Mara Limited following an independent marketing process. Scottish seaweed company placed into administration (Image: Getty Images) James Fennessey and Blair Milne, of Azets’ Restructuring & Insolvency in Glasgow, were appointed joint administrators after the firm was “unable to secure…