As the rising costs of operations continue to squeeze cash flow even with strong visitor numbers, a number of small and mid-size hotel and short-term rental platform operators have filed for bankruptcy in the last six months. In September 2025, the company behind hotels such as The Tuscany and Hotel 27 abruptly shut down, leaving…
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NCLAT junks Reliance Realty’s plea for insolvency against Altruist Customer Management Corporate dispute appellate tribunal NCLAT has set aside an appeal filed by Reliance Realty seeking insolvency proceedings against Altruist Customer Management. A three-member bench of the appellate tribunal upheld the order of the Delhi-based National Company Law Tribunal (NCLT) which had rejected the insolvency…
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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
On March 9, Glodon News reported that Tianzhong Precision Machine (300461.SZ) announced the receipt of the Civil Ruling from the Intermediate People’s Court of Shenzhen City, Guangdong Province. The main content of the Civil Ruling is as follows: “This court believes that Youfu Company is unable to repay its due debts, its assets are insufficient…
TUK Clarifies Shutdown Reports After Parliament Declared It Insolvent MSN Read the original article here
The Department of Financial Services (DFS) on Monday reviewed the progress of major cases under the Insolvency and Bankruptcy Code (IBC) to accelerate resolution and improve recovery outcomes. The review meeting was chaired by DFS Secretary Shri M. Nagaraju, and attended by senior officials from the Department of Financial Services, top management of…