NCLT faces challenges with rising insolvency cases, infrastructure issues, and delays despite IBC framework. Experts voice concerns. New Delhi, Dec 31 (PTI) The Insolvency and Bankruptcy Code (IBC) framework in 2025 was marked by mounting stress on timelines and capacity, with resolution processes stretching far beyond the statutory limits, despite efforts by the National Company…
Publisher of Oil & Gas Report, Toyin Akinosho, has said the controversy surrounding the Federal Government’s reported write-off of NNPC’s debts should not be misconstrued as proof that the national oil company is insolvent, stressing that the issue is rooted in accounting reconciliation rather than financial collapse. Speaking during an interview with ARISE News on…
Growing number of EU nationals filing for bankruptcy here due to Ireland’s more lenient regime The court heard Mohsan Holzinger’s debts arose from his role as managing director of German company Privix GmbH A foreign national declared bankrupt by the High Court with debts of €27.2m is under criminal investigation in his native Germany over…
Lucas F. Flöther, name partner of the law firm Flöther & Wissing © Flöther & Wissing The competent local court in Halle (Saale) appointed Lucas F. Flöther, name partner of the law firm Flöther & Wissing, as provisional insolvency administrator. Flöther plans to continue business operations and is reviewing the restructuring options. “Day-to-day business will…
Lucas F. Flöther, name partner of the law firm Flöther & Wissing © Flöther & Wissing The competent local court in Halle (Saale) appointed Lucas F. Flöther, name partner of the law firm Flöther & Wissing, as provisional insolvency administrator. Flöther plans to continue business operations and is reviewing the restructuring options. “Day-to-day business will…
Ohio distillery owner declares bankruptcy amid fraud charges, partner lawsuits Lexington Herald Leader Read the original article here
Fears that a drop in Bitcoin (CRYPTO: BTC) to $74,000 would push Michael Saylor‘s Strategy (NASDAQ:MSTR) toward bankruptcy are largely misplaced, according to fresh analysis. What Happened: In a recent post on X, market commentator Bull Theory pointed out that Strategy now functions primarily as a Bitcoin treasury company. It holds about 672,497 BTC, valued…
A struggling national pharmacy chain accused of owing its locums £670,000 in unpaid fees has been hit with an application to place the business into insolvency proceedings. Jhoots Chemist, which trades under the name of Jhoots Pharmacy, was named in a high court application to appoint an administrator, submitted on Monday by Lloyds Bank. The…
The National Company Law Tribunal (NCLT) at Indore has held that a personal guarantor can invoke insolvency proceedings against himself or herself under the Insolvency and Bankruptcy Code once a default occurs, even if the lender has not invoked the personal guarantee. A coram of Judicial Member Brajendra Mani Tripathi and Technical Member Man Mohan…
MT Educare Discloses Loan Defaults Amid Ongoing Insolvency Process TipRanks Read the original article here