Mumbai-based Tikona Infinet Pvt Ltd moves to settle its dues related to Series ‘E’ Compulsorily Convertible Debentures (CCDs) with L&T Finance Ltd, bringing closure to the insolvency resolution process against the broadband services provider.The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, said the company in its release. “It…
As of March 2025, the focus of the news release on bankruptcies is on the changes compared to a year earlier and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the Netherlands.…
PeopleImages.com – Yuri A/Shutterstock Chain restaurants come and go, some of which are fondly remembered while others are doomed to fade into obscurity. With rising costs of food and rent, corporate restructuring, and more, there are an unfortunate number of chain restaurants that you… Read the original…
Renugen Limited sold renewable energy products including solar panels and wind turbines An Insolvency Service investigation found orders had not been delivered and some customers had yet to receive refunds The company was subject to a winding up order at the High Court in London on 8 May 2025 A renewable energy company, based in…
What Weightwatchers’ bankruptcy means for members CTV News Read the original article here
The Sydney Fish Market has rejected claims it is on the brink of financial collapse. Picture: NewsWire / Nikki Short The largest fish market in the southern hemisphere has hit back at claims it is close to financial collapse. The Sydney Fish Market (SFM), responding to reports it was confronting an $8m loss for 2023-24…
Amigo stopped trading in March 2023 in wake of regulatory issues By MIKE SHEEN Updated: 18:22 AEST, 12 May 2025 Amigo Loans has less than two months to secure a viable future or it will fall into insolvency, the collapsed subprime lender said on Monday. The group revealed a shake-up of its senior leadership team…
Another major healthcare company files Chapter 11 bankruptcy TheStreet Read the original article here
Korea Credit Ratings, which downgraded Homeplus’ credit rating in February, directly pointed to MBK Partners’ management method as the reason for the downgrade. In addition, for companies with private equity funds (PEFs) like Homeplus, strategies that focus on collecting investments are important factors in determining creditworthiness, and a close review of management’s financial policies is…
THIRUVANANTHAPURAM: The Kerala State Consumer Disputes Redressal Commission has directed a builder company to give full refund and compensation to a customer who did not get the promised apartment. The commission rejected the company’s argument citing insolvency proceedings before the National Company Law Tribunal (NCLT). The complainant, a Thiruvananthapuram native, had booked a 3-bedroom apartment…