Seoul court declares Balaan bankrupt after failed rehabilitation vote – CHOSUNBIZ – Chosunbiz
Seoul court declares Balaan bankrupt after failed rehabilitation vote – CHOSUNBIZ Chosunbiz Read the original article here
Spirit Airlines expects to exit Chapter 11 bankruptcy by summer | Business
Spirit Airlines’ parent company says it expects to exit Chapter 11 bankruptcy in the late spring or early summer, after striking a preliminary deal with its lenders and secured creditors that provides the support needed to finish its restructuring. The early-stage agreement would help Spirit finalize changes to its fleet, route network and cost structure…
Ukraine’s lower court opens bankruptcy proceedings against Poltava Mining – Ferrexpo
The Commercial Court of Poltava Region has accepted for consideration an application filed by Financial Company Maxi Capital Group LLC to open bankruptcy proceedings against PJSC Poltava Mining and Processing Plant (FPM, Komsomolsk, Poltava region). According to a statement by Ferrexpo, Maxi Capital filed such application on May 9, 2025, in connection with the contested…
Sheertex owner to be sold to maker of Secret, Silks pantyhose through insolvency process
Open this photo in gallery: Employees complete finishing on pantyhose inside Sheertex, a textile company that makes unbreakable by human hands pantyhose in Montreal, Quebec, December 20, 2019. (Christinne Muschi /The Globe and Mail)Christinne Muschi/Christinne Muschi/The Globe and A.Y.K. International Inc., the maker of Secret and Silk pantyhose, has struck a deal to purchase insolvent…
NCLT Approves ₹52.43 Cr Scheme, Exits CIRP
Birla Cotsyn (India) Limited’s financial commitment from acquirers reaches ₹52.43 Crore; admitted secured creditor claims stand at ₹656.78 Crore. Reader Takeaway: Higher recovery via NCLT approval; legal overhangs and implementation risks remain. What just happened (today’s filing) Birla Cotsyn (India) Limited is set for a revival after the National Company Law Tribunal (NCLT), Mumbai Bench,…
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Access Denied You don’t have permission to access “http://www.financialexpress.com/business/news/ibc-cant-override-benami-act-procedures-sc/4153659/” on this server. Reference #18.cd672817.1771946677.6094ed07 https://errors.edgesuite.net/18.cd672817.1771946677.6094ed07 Read the original article here
Birla Cotsyn Clarifies Q3 FY26 Consolidated Results Non-Submission to BSE – scanx.trade
Birla Cotsyn Clarifies Q3 FY26 Consolidated Results Non-Submission to BSE scanx.trade Read the original article here
dozens of jobs at risk
The Belgian subsidiary of the French fashion brand IKKS was declared bankrupt at the beginning of February by the French-speaking Commercial Court of Brussels. The bankruptcy affects around ten of its own stores and puts dozens of jobs at risk, reports business newspaper L’Echo. IKKS is a French premium fashion brand active in several European…
Supreme Court Dismisses Liquidators’ Appeals with Rs. 5 Lakh Costs
The Supreme Court has ruled that attachment and confiscation proceedings initiated under the Prohibition of Benami Property Transactions Act, 1988 (Benami Act) cannot be challenged before the National Company Law Tribunal (NCLT) or the National Company Law Appellate Tribunal (NCLAT) under the Insolvency and Bankruptcy Code, 2016 (IBC). The bench of Justice Pamidighantam Sri Narasimha…
dozens of jobs at risk
The Belgian subsidiary of the French fashion brand IKKS was declared bankrupt at the beginning of February by the French-speaking Commercial Court of Brussels. The bankruptcy affects around ten of its own stores and puts dozens of jobs at risk, reports business newspaper L’Echo. IKKS is a French premium fashion brand active in several European…