The Supreme Court of India has set aside an order of the National Company Law Appellate Tribunal (NCLAT) that had stayed insolvency proceedings against a Corporate Debtor due to a pending Scheme of Arrangement (SOA) under the Companies Act, 1956. A Bench comprising Justice Sanjay Kumar and Justice K. Vinod Chandran held that “judicial discipline”…
NTPC said the consortium completed the acquisition on February 24, 2026, in terms of the resolution plan approved by the National Company Law Tribunal (NCLT). State-run NTPC and Maharashtra State Power Generation Company (MAHAGENCO) on Wednesday said that their consortium has completed the acquisition of Sinnar Thermal Power Ltd (STPL) under the Insolvency and Bankruptcy…
Andrea Manson’s tax avoiding at the Mid Brae Inn on Shetland led to the Insolvency Service hitting her with a three and a half year directorship ban. 04:30, 25 Feb 2026Updated 07:48, 25 Feb 2026 Shetland Islands Council convener Andrea Manson with 2025 festival leader Calum Grains (who was not involved in the pub business)…
Luxury platform company Balaan declares bankruptcy 11 months after filing for court receivership Balaan, a luxury online platform that had been struggling with a liquidity crisis, has finally gone bankrupt, 11 months after filing for corporate rehabilitation. According to legal sources on the 25th, the 15th Rehabilitation Division of the Seoul Bankruptcy Court (Presiding Judge…
The developer who went bankrupt twice, and now wants to build a Trump Tower in Surfer’s Paradise Happy Mag Read the original article here
Wale Igbintade The Federal High Court sitting in Lagos has declared AMNI International Petroleum Development Company Limited unable to pay a debt of $2,625,429.21 owed to CCM Vessel Management Company Limited and appointed a legal practitioner, Mr. Sam Aiboni, as Administrator over the oil firm’s assets and affairs. Justice Chukwujekwu Aneke made the orders in…
Seoul court declares Balaan bankrupt after failed rehabilitation vote – CHOSUNBIZ Chosunbiz Read the original article here
Spirit Airlines’ parent company says it expects to exit Chapter 11 bankruptcy in the late spring or early summer, after striking a preliminary deal with its lenders and secured creditors that provides the support needed to finish its restructuring. The early-stage agreement would help Spirit finalize changes to its fleet, route network and cost structure…
The Commercial Court of Poltava Region has accepted for consideration an application filed by Financial Company Maxi Capital Group LLC to open bankruptcy proceedings against PJSC Poltava Mining and Processing Plant (FPM, Komsomolsk, Poltava region). According to a statement by Ferrexpo, Maxi Capital filed such application on May 9, 2025, in connection with the contested…
Open this photo in gallery: Employees complete finishing on pantyhose inside Sheertex, a textile company that makes unbreakable by human hands pantyhose in Montreal, Quebec, December 20, 2019. (Christinne Muschi /The Globe and Mail)Christinne Muschi/Christinne Muschi/The Globe and A.Y.K. International Inc., the maker of Secret and Silk pantyhose, has struck a deal to purchase insolvent…