Mumbai: Resolution professional of infrastructure company Jaiprakash Associates Ltd (JAL) on Friday informed the appellate tribunal that mining firm Vedanta Ltd had no basis to infer that it was the highest bidder for JAL’s assets, as the details of the top bidder were never disclosed during the insolvency resolution process. The National Company Law Appellate…
Businesses urged to put contingency plans in place as more than 2,000 firms go bust amid Iran war MSN Read the original article here
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A B.C. developer who has already risked jail time for failing to come clean about the finances behind her lavish lifestyle now faces a possible bankruptcy order over a multimillion-dollar mortgage she guaranteed on prime property in the heart of Vancouver’s Cambie Corridor. According to B.C. Supreme Court documents filed earlier this month, TCC Mortgage…
NCLT Admits Vivimed Labs to Corporate Insolvency Resolution Process Over ₹2.79 Crore Debt scanx.trade Read the original article here
Company insolvencies in Scotland climbed 11% year-on-year in March 2026, with 131 cases registered compared to the same month in 2025. The total comprised 57 compulsory liquidations, 53 creditors’ voluntary liquidations (CVLs), 18 administrations and three receivership appointments. No company voluntary arrangements (CVAs) were recorded during the period. Over the 12 months to March 2026,…
Personal insolvencies jump as debt relief order registrations reach record high Belfast Telegraph Read the original article here
Company failures have jumped higher again in March due to a surge in firms collapsing into administration as experts warned more may go bust as the Iran war and soaring wage bills send costs surging. Latest data from the Insolvency Service shows the number of company insolvencies rose 7% month-on-month in March to 2,022. Company…
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS The Business Times Read the original article here