The Supreme Court upheld the order passed by the Bombay High Court, which held that the Directors of the Company remain liable under Section 138 of the NI Act, even if the Company’s debt is resolved under the Insolvency and Bankruptcy Code, 2016 (IBC/IB Code). The High Court had summarized various important principles with respect…
DUBLIN- Ryanair (FR) CEO Michael O’Leary has warned that prolonged conflict in Iran and the closure of the Strait of Hormuz could push two or three European airlines into bankruptcy by late 2026. The low-cost carrier faces an additional $50 million in fuel costs for April alone, with projections reaching $600 million over a year…
NCLT Proceedings and Key Claims Vikas WSP Ltd has informed exchanges that its Corporate Insolvency Resolution Process (CIRP) is facing procedural delays. The National Company Law Tribunal (NCLT), Chandigarh Bench, was scheduled to hear the approval of the company’s Resolution Plan on April 27, 2026, but the hearing could not proceed. In addition to the…
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‘Two or three European airlines could go bankrupt’ this winter, says Ryanair boss O’Leary Yahoo Finance Read the original article here
‘Two or three European airlines could go bankrupt’ this winter, says Ryanair boss O’Leary euronews.com Read the original article here
This article first appeared in The Edge Malaysia Weekly on April 27, 2026 – May 3, 2026 By raising the bankruptcy threshold from RM50,000 to RM200,000, the government has probably spared many individuals from being declared bankrupt. Last week, Economy Minister Akmal Nasrullah Mohd Nasir also said Putrajaya is looking at providing a “second chance”…
This article first appeared in The Edge Malaysia Weekly on April 27, 2026 – May 3, 2026 By raising the bankruptcy threshold from RM50,000 to RM200,000, the government has probably spared many individuals from being declared bankrupt. Last week, Economy Minister Akmal Nasrullah Mohd Nasir also said Putrajaya is looking at providing a “second chance”…
The government is dipping into its emergency funds, while debt repayments are being delayed. If they resort to printing more money, the onset of hyperinflation will only be a matter of time. ON the brink of an economic crisis, nothing is more worrying than seeing the amount of available surplus budget balance (SAL) funds plummet. The…