Toys ‘R’ Us accused of dishonest behaviour and questionable transactions following insolvency – Toronto Star
Toys ‘R’ Us accused of dishonest behaviour and questionable transactions following insolvency Toronto Star Read the original article here
IBBI Proposes Changes To Boost Transparency, Plug Gaps In Insolvency Process
New Delhi, Feb 21 (KNN) The Insolvency and Bankruptcy Board of India (IBBI) has proposed a series of amendments to insolvency regulations aimed at enhancing transparency in resolution plan approvals, addressing gaps in insolvency cost disclosures, and streamlining the treatment of delayed claims. In a discussion paper, the regulator emphasised that while the commercial wisdom of…
UK clothing giant and 3 more major companies fall to administration this week – full list
Four UK companies have entered administration this week, including a prestigious fashion retailer, as business insolvencies rise 41% UK clothing giant and 3 more major companies fall to administration this week – full list(Image: Tatsiana Volkava via Getty Images) The number of businesses across the UK entering administration has dramatically risen recently, with another four…
NCLAT Hearing Postponed, CIRP Stay Extended to April 20
The National Company Law Appellate Tribunal (NCLAT) hearing for Hi-Tech Gears Ltd., scheduled for February 18, 2026, could not proceed as planned due to time constraints. The interim stay on the company’s Corporate Insolvency Resolution Process (CIRP) has been ordered to continue, providing a temporary reprieve. Reader Takeaway: Stay continues, offering temporary reprieve; ongoing CIRP…
High Court Quashes Rs. 232 Crore Ex Parte Assessment; Grants Fresh Opportunity to Respond
Income Tax: High Court Quashes Rs. 232 Crore Ex Parte Assessment; Grants Fresh Opportunity to Respond Nayati Healthcare and Research NCR Private Limited challenged an ex parte assessment order dated 24.03.2025 passed under Sections 143(3) read with 144B of the Income Tax Act, 1961, whereby income was determined at Rs. 232,17,82,426 on a best judgment…
Embassy Developments Gets Relief as NCLAT Postpones Corporate Insolvency Hearing to February 2026 – scanx.trade
Embassy Developments Gets Relief as NCLAT Postpones Corporate Insolvency Hearing to February 2026 scanx.trade Read the original article here
Izaak Walton Inn Owners Hit with $9.4M Foreclosure Lawsuit Months Before Decision to Shutter – Flathead Beacon
Izaak Walton Inn Owners Hit with $9.4M Foreclosure Lawsuit Months Before Decision to Shutter Flathead Beacon Read the original article here
Eleven public universities declared technically insolvent amid funding deficit
At least eleven (11) public universities are staring at a KSh100 billion funding shortfall that has left them technically insolvent, despite increased allocations under the student-centred financing model. Education officials told the National Assembly Committee on Education on Thursday that the gap has crippled operations, with some universities struggling to pay salaries, pensions, and meet…
Family almost go bankrupt after daughter charged £42,000 for using TikTok on holiday
Andrew Alty and his family had been hoping to taking in the breathtaking sights of Morocco but were left with a brutal sting in the tail when they were hit with a huge roaming bill 17:06, 20 Feb 2026Updated 17:06, 20 Feb 2026 One teenage daughter’s decision to watch TikTok nearly lead to her family’s…
ANAF plans to bar administrators with repeated insolvencies from setting up new companies
The President of the Tax Authority, Adrian Nica, announces that the National Agency for Fiscal Administration (ANAF) is considering changing the fiscal record in such a way that individuals who have repeatedly managed companies that went into insolvency will no longer be able to establish other commercial entities. The proposal is set to be discussed…