NCLAT sets aside insolvency against Vikram Solar, as debt below Rs 1-cr threshold New Delhi, Appellate tribunal NCLAT has set aside an NCLT order directing the initiation of insolvency proceedings against Vikram Solar, noting that the operational debt involved was below the minimum threshold of Rs 1 crore prescribed under the Insolvency and Bankruptcy Code…
While the collapse of Spirit Airlines at the start of May continues to dominate headlines as the most high-profile airline shutdown of 2026, a number of other small airlines around the world have also seen their finances fall to the point of having to file for bankruptcy and cease operations. Mexican holiday carrier Magnicharters also filed…
Vikram Solar secured relief after the National Company Law Appellate Tribunal (NCLAT) set aside the National Company Law Tribunal (NCLT) order admitting an insolvency application over an operational creditor’s alleged INR 9.44 crore claim. June 30, 2026. By EI News Network The National Company Law Appellate Tribunal (NCLAT) has set aside the order admitting the…
GERMANY – Refresco has agreed to acquire the business operations of insolvent German mineral water and soft drinks producer Rhenser Mineralbrunnen, strengthening its production capacity and brand portfolio in Germany. The agreement was reached with the company’s provisional insolvency administrator and Managing Director Holger Sieck and has received approval from the creditors’ committee. In a statement, Refresco said the…
Another airline files for bankruptcy protection, cancels all flights thestreet.com Read the original article here
Quick Read TG Jones faces potential insolvency after a court delayed its restructuring plan. The delay impacts 480 stores and puts 5,000 jobs at risk. The firm struggled to meet millions in payment obligations due this week. TG Jones, the retailer that formerly operated the high-street business of WH Smith, is facing the immediate threat…
No.8 London enters insolvency Televisual Read the original article here
Representational image. Credit: Canva Vikram Solar Limited has received significant relief after the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, overturned an earlier insolvency admission order passed against the company. The development was announced by the company on June 29, 2026, through a regulatory filing submitted to the stock exchanges. Earlier, the…
TG Jones, the retailer formerly known as WH Smith’s high street business, has warned it is on the brink of insolvency after a High Court judge delayed a ruling on its restructuring plan. The company said it faces a £14.1million bill today and could struggle to meet tax, payroll and rent payments without court approval…
Scrutiny of Louisville’s jail in recent years has led to an audit, reforms and a new staffing plan. The ACLU of Kentucky counted 23 in-custody deaths at the jail since 2021. The most recent was Juan Miguel Munoz Penalver, a 21-year-old immigrant who died in the jail in February. Munoz Penalver’s death certificate, which KyCIR…