Costco recalls gift cards after supplier goes bankrupt – WTRF
Costco recalls gift cards after supplier goes bankrupt WTRF Read the original article here
NCLAT directs withdrawal of the insolvency against Mahagun as parties arrives settlement
Appellate tribunal NCLAT has directed the withdrawal of insolvency proceedings against realty firm Mahagun after it has arrived at a settlement with its financial creditor. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) took on record the Settlement between Mahagun (India) and IDBI Trusteeship dated February 12, 2026. An application was moved…
Quadrant Televentures Extends EOI Deadline Amid Ongoing Insolvency Process
Quadrant Televentures Limited reported revenue of ₹273.97 Crores for the fiscal year 2024-2025. The company has approximately 982 employees on its payroll as of January 27, 2026. Reader Takeaway: Resolution process continues with extended EOI; investor interest remains key. What just happened (today’s filing) Quadrant Televentures Limited has announced a significant extension of key deadlines…
On The Red Dot: Bankrupt, Now What? – Why I Declared Myself Bankrupt
About the show: What happens when your life hits financial rock bottom? Bankrupt, Now What? pulls back the curtain on what it really means to be declared bankrupt in Singapore — the rules you must live under, the freedoms you lose, and the stigma that shadows every decision. Adams, 32, is navigating his first year…
ED steps up action against alleged irregularities in proceedings under bankruptcy code
Image used for representational purposes only. File | Photo Credit: PTI The Enforcement Directorate (ED) has intensified its action against the irregularities in the proceedings under the Insolvency and Bankruptcy Code (IBC), carrying out arrests, searches, and facilitating restitution of attached properties to banks and homebuyers in multiple cases involving alleged fraud and money-laundering. Earlier…
Delhi High Court Quashes Best Judgment Assessment as Company Was Under Insolvency Process
Delhi High Court Quashes Best Judgment Assessment as Company Was Under Insolvency Process The Delhi High Court quashed an ex parte income tax assessment order as the order was passed without giving a fair opportunity for a hearing. The assessing officer had passed an order under Section 143(3) read with Section 144B of the Income…
Toys ‘R’ Us accused of dishonest behaviour and questionable transactions following insolvency – Toronto Star
Toys ‘R’ Us accused of dishonest behaviour and questionable transactions following insolvency Toronto Star Read the original article here
IBBI Proposes Changes To Boost Transparency, Plug Gaps In Insolvency Process
New Delhi, Feb 21 (KNN) The Insolvency and Bankruptcy Board of India (IBBI) has proposed a series of amendments to insolvency regulations aimed at enhancing transparency in resolution plan approvals, addressing gaps in insolvency cost disclosures, and streamlining the treatment of delayed claims. In a discussion paper, the regulator emphasised that while the commercial wisdom of…
UK clothing giant and 3 more major companies fall to administration this week – full list
Four UK companies have entered administration this week, including a prestigious fashion retailer, as business insolvencies rise 41% UK clothing giant and 3 more major companies fall to administration this week – full list(Image: Tatsiana Volkava via Getty Images) The number of businesses across the UK entering administration has dramatically risen recently, with another four…
NCLAT Hearing Postponed, CIRP Stay Extended to April 20
The National Company Law Appellate Tribunal (NCLAT) hearing for Hi-Tech Gears Ltd., scheduled for February 18, 2026, could not proceed as planned due to time constraints. The interim stay on the company’s Corporate Insolvency Resolution Process (CIRP) has been ordered to continue, providing a temporary reprieve. Reader Takeaway: Stay continues, offering temporary reprieve; ongoing CIRP…