According to the IBBI report, admitted claims of Rs.14.14 lakh crore resulted in recoveries of about Rs.4.32 lakh crore across approved resolution plans IBC at 10: Reform or corporate write-off? In the last 10 years, India’s Insolvency and Bankruptcy Code (IBC), started in 2016, has turned out to be a scam or a legalized way…
Former Liverpool and England defender turned football pundit Jamie Carragher, is facing a bankruptcy petition over an unpaid tax bill reportedly estimated at between £700,000 and £800,000. Documents seen by the BBC showed that a case was filed against James Lee Duncan Carragher on Wednesday. The bankruptcy petition was filed by lawyers representing HM Revenue…
Congress leader Rahul Gandhi. (File Photo) The Congress on Thursday took a swipe at the government after the NCLT approved media baron Subhash Chandra’s Rs 6.5 crore payout to settle dues of Rs 22,006 crore, dubbing the tribunal the ‘Neta-Company Loot Tribunal’ and calling the move not merely a haircut but a “mundan”. The opposition party…
The insolvency tribunal approved a repayment plan under which Chandra will pay just Rs 6.5 crore to settle admitted creditor claims of about Rs 22,006.57 crore in his personal insolvency resolution process, translating into a haircut of nearly 99.97 per cent for lenders. NCLT member (judicial) Nilesh Sharma, ruling as a third member, on Tuesday…
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Carragher facing bankruptcy petition over unpaid tax claim Azərtac Read the original article here
HRMC has issued a petition seeking to have Jamie Carragher declared bankrupt over an unpaid tax bill, but that doesn’t actually mean he’s short of cash. As first reported by City AM, a petition was filed at the High Court in London on 26 August by solicitors representing HMRC against James Lee Duncan Carragher. However,…
Planethic Group AG by Sascha Voigt Public disclosure of inside information according to article 17 MAR Keywords: Liquidity Problems Planethic Group AG: Local Court Opens Insolvency Proceedings in Self-Administration Ludwigsfelde (pta000/27.08.2026/17:00 UTC+2) Ludwigsfelde (Germany), August 27, 2026 – By order dated August 25, 2026 (file no. 650 IN 179/26), the Local Court of Potsdam opened…
HDFC Bank is considering an appeal against an NCLT order approving Subhash Chandra’s repayment plan, under which creditors will receive only Rs 6.5 crore against admitted claims exceeding Rs 22,000 crore. HDFC Bank’s Rs 680-crore claim has 3.2% admitted Published Date – 27 August 2026, 08:04 PM Mumbai: Leading private lender HDFC…
Leader of Opposition in the Lok Sabha Rahul Gandhi on Thursday attacked the Modi government over a National Company Law Tribunal (NCLT) order involving businessman and media baron Subhash Chandra, alleging that the country operates under “two systems” — one for ordinary citizens and another for a select group of wealthy businessmen. In a post…