When India got the Insolvency and Bankruptcy Code, 2016 (“IBC2016”), it was lauded as the panacea for much that ailed the economy. As it was put into practice, many issues arose, most prominent amongst them its inability to reduce the time taken to enforce the creditor’s rights granted under contract. The Government has now proposed…
Insolvency and credit risk firms have warned small businesses to be cautious when considering non-bank lending as court enforcements ramp up. Non-bank lenders are stepping up court-based enforcement as major banks pull back in SME lending, fresh data from credit risk reporting firm Alares has revealed. Insolvency solutions firm Jirsch Sutherland has urged company directors…
ALREADYuminar Technologies, avaliada em € 10.100.000.000 no auge da corrida por veículos autônomos, entrou com pedido de recuperação judicial em December 15, 2025 após perder contratos-chave, acumular dívidas e enfrentar escassez de liquidez, encerrando um ciclo que simbolizou expectativas elevadas e riscos financeiros do setor. A empresa protocolou voluntariamente o pedido de Chapter 11 no…
Jetcityimage/Getty Images It’s said that dominance breeds confidence, which in turn leads to complacency. The same can be said for General Motors (GM), which, for much of the 20th century, dominated the auto industry, as the Harvard Business School noted. Controlling nearly 46% of the… Read the…
Firm is seeking an injunction to restrain a Nigerian-based oil industry construction company from presenting a winding-up petition against it Oisin Fanning of San Leon. Photo: Simon Dawson/Bloomberg A High Court judge has said that there is “prima facie evidence” to suggest that Oisin Fanning’s San Leon Energy PLC “may be insolvent and trading unlawfully”.…
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James Hunt lived his life at 100mph and was locked into a stunning battle with Niki Lauda in the 1970s, but things took a turn in later life James Hunt was a superstar of F1(Image: Photo by Bernard Cahier/Getty Images) It’s the off-season for Formula One after British driver Lando Norris claimed a dramatic world…
General Motors headquarters at the Renaissance Center in downtown Detroit – Jetcityimage/Getty Images It’s said that dominance breeds confidence, which in turn leads to complacency. The same can be said for General Motors (GM), which, for much of the 20th century, dominated the auto industry, as the Harvard Business School noted. Controlling nearly 46% of…
Auditing firm seeks to liquidate Given Mkhari’s MSG Afrika over R150k debt News24 Read the original article here
Another travel company declares Chapter 11, cancels all trips thestreet.com Read the original article here