NCLAT dismisses Dhoot brothers’ plea against personal insolvency in Videocon case. SBI initiated proceedings over Rs 5,353.78 crore defaults. New Delhi, Mar 1 (PTI) The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers – Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot, challenging the initiation of personal insolvency against them over a default…
The National Company Law Appellate Tribunal (NCLAT) has dismissed the appeals filed by Rajkumar and Pradeep Dhoot, reinforcing the initiation of insolvency proceedings against them due to defaults by Videocon Industries. The personal insolvency was instigated after the State Bank of India issued a demand notice for Rs 5,353.78 crore, holding the Dhoot brothers…
Oxfordshire Travel Limited entered creditors’ voluntary liquidation on October 30, 2025. The insolvency section on the Companies House website confirms that a liquidator was appointed on the same date. Documents filed with Companies House show the case is being handled as a single insolvency proceeding classified as a creditors’ voluntary liquidation, meaning directors opted to…
More than 700 employees in northwest Ohio are among over 1200 statewide losing their jobs when the auto parts company First Brands closes facilities in the state. OHIO, USA — More than 700 jobs will be eliminated when Ohio-based auto parts manufacturer First Brands Group closes facilities in Seneca and Wood Counties later this year…
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Former Celtic winger Bobby Petta was declared bankrupt after losing money in an investment scheme and has since held a variety of jobs Bobby Petta playing for Celtic against Rangers(Image: Getty) Former Celtic ace Bobby Petta faced bankruptcy years after hanging up his boots, prompting him to take on a variety of jobs outside sport…
PETALING JAYA: Selangor has emerged as the state with the highest number of bankruptcies among civil servants, with teachers identified as a particularly vulnerable group. According to the Insolvency Department, 85 teachers in the state were declared bankrupt over the last five years. ALSO READ: So-called sandwich generation face growing financial strain “Selangor recorded the…
The automotive industry is a graveyard of ambition. For every manufacturer that successfully transitions from a boutique startup to a global powerhouse, dozens more find themselves liquidated before their first production run is even completed. The pursuit of the ultimate supercar is a high-stakes gamble that requires hundreds of millions in upfront capital, a flawlessly…
Tabacalera S.L.U., the Madrid-based company that is business partners with the Cuban government in Habanos S.A., has filed for pre-insolvency proceedings, but the company says it’s not running out of money. Rather, it’s the latest chapter in the Chen Zhi drama. Chen Zhi’s picture on the Prince Group’s website. Chen Zhi is a Chinese national…
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