A Rio de Janeiro state court has ruled the bankruptcy of Victor Hugo, a manufacturer of luxury leather handbags and accessories, at the request of the Office of the Attorney General of the National Treasury (PGFN), jointly with the Office of the Attorney General of the State of Rio de Janeiro (PGE-RJ). The company’s outstanding…
The Corporate Insolvency Crisis Continues JCT Limited remains firmly entrenched in the Corporate Insolvency Resolution Process (CIRP), a stark indicator of its profound financial distress. The Ninth Committee of Creditors (CoC) meeting, held on February 10, 2026, underscored the extended timeline required to find a viable resolution. CoC Decisions: Path Forward? The CoC members have…
“They didn’t see it coming”: Thousands raised to support Piglet’s Pantry staff after shock insolvency portsmouth.co.uk Read the original article here
The Financial Deep Dive Vivimed Labs Limited has officially filed an application for the initiation of a Pre-pack Insolvency Resolution Process (PPIRP) with the NCLT Bengaluru Bench on February 12, 2026. This move signifies a critical juncture for the company, directly stemming from its severe financial distress. As of January 31, 2026, Vivimed Labs reported…
The Financial Deep Dive The unaudited standalone financial results for the quarter ended December 31, 2025, for Vikas WSP Limited present a grim financial picture, overshadowed by the company’s ongoing Corporate Insolvency Resolution Process (CIRP) initiated on February 2, 2022. Specific quantitative figures for Revenue, Expenses, and Net Profit/Loss for the quarter could not be…
Agri Resources Group S.A. The Manila Times Read the original article here
The spectrum allocated to telecom service providers is not an asset to be subjected to proceedings under the Insolvency and Bankruptcy Code, the Supreme Court ruled on Friday. The landmark verdict has wider ramifications for the telecommunications sector as telecom companies, such as Aircel Group of Companies, have invoked a moratorium on the basis of…
The spectrum allocated to telecom service providers is not an asset to be subjected to proceedings under the Insolvency and Bankruptcy Code, the Supreme Court ruled on Friday. The landmark verdict has wider ramifications for the telecommunications sector as telecom companies, such as Aircel Group of Companies, have invoked a moratorium on the basis of…
NEW DELHI: The Supreme Court on Friday ruled that telecom spectrum cannot be treated as a regular corporate asset during insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). The decision came in the long-running insolvency case of defunct telecom operator Aircel and its subsidiaries, Aircel Cellular and Dishnet Wireless. The dispute centred on whether…
The outgoing NCLT President, Chief Justice (Retd) Ramalingam Sudhakar, praised the National Company Law Tribunal’s crucial role in implementing the Insolvency and Bankruptcy Code (IBC), an essential framework for financial resolutions in India. Sudhakar, who retired on Friday, called for an end to unwarranted criticisms of the IBC, noting the substantial benefits derived from…