Realty developer Embassy Developments has secured relief from insolvency proceedings after the National Company Law Appellate Tribunal (NCLAT) set aside an earlier order admitting the company to the corporate insolvency resolution process (CIRP).In a regulatory filing, the developer said the appellate tribunal has quashed the December 9, 2025 order passed by the National Company Law…
South African Airways (SAA) may face insolvency within the next 12 months unless it successfully improves its liquidity situation. This warning was issued by the Auditor-General of South Africa’s (AGSA) office on April 21, 2026, during a briefing to the Portfolio Committee on Transport regarding SAA’s current financial status. Thato Kunene, senior audit manager at…
The Himachal Pradesh High Court has rejected a GST notice and ordered the unblocking of Input Tax Credit (ITC) of Rs 4.27 crores. The court ruled that claims not filed during the insolvency process cannot be enforced afterwards, emphasising that the IBC law takes precedence over GST laws. The bench comprising Justice Vivek Singh Thakur…
Revival of a Legend: Spyker Returns with the New C8 Preliator Rumors about Spyker’s revival have proven true. Approximately half a year after news emerged about the return of the small Dutch automaker, it became known that the company will unveil a new version of the C8 Preliator at the August Pebble Beach Concours d’Elegance…
Litigation Has Gone Too Far: Supreme Court Dismisses Appeal Against Glass Trust’s Inclusion in Byju’s CoC Moneylife Read the original article here
Bloom Dekor Limited’s 23rd CoC Meeting Approves Resolution Plan Under CIRP scanx.trade Read the original article here
The National Company Law Appellate Tribunal (NCLAT) on May 4 dismissed appeals filed by Vedanta Limited challenging the selection of Adani Enterprises as the successful bidder for debt-laden Jaiprakash Associates Limited under the insolvency resolution process. A two-member bench comprising NCLAT Chairperson Ashok Bhushan and Technical Member Barun Mitra ruled that there was “no merit” in Vedanta’s…
Canadian diamond miner Arctic files for insolvency protection Mining Weekly Read the original article here
(WFSB) – What happens if you have solar panels on your home, and the solar company goes bankrupt? It’s a question the I-Team first started looking into in 2024. Now those solar bankruptcies are having big impacts on Connecticut families, including Jason Pelchat in Montville and Michael Lyons in Harwinton. When Pelchat looks up at…
Bankruptcy trustees have initiated Federal Court action to conduct a rare examination of failed pub baron Jon Adgemis, probing the collapse of his estimated $1.8bn financial empire and the whereabouts of remaining assets. Pitcher Partners trustee Andrew Yeo filed the application on April 10 as part of efforts to investigate how Adgemis’ debt-laden Public Hospitality…