The chain is run from Walsall The chemist could face insolvency after a high court application was filed (stock image)(Image: Eric Thayer/Getty Images) A pharmacy chain based in the West Midlands could be facing insolvency after a popular bank lodged a high court application to launch proceedings. Jhoots Chemist, which is run from Walsall by…
DOMO Chemicals’ German subsidiaries enter insolvency as administrator explores restructuring options amid weak demand, high energy costs, and import pressure. Three German subsidiaries of the Belgian chemical group DOMO Chemicals–DOMO Chemicals GmbH, DOMO Caproleuna GmbH, and DOMO Engineering Plastics GmbH-have formally entered insolvency proceedings under German law. The responsible local court has appointed Lucas…
Credit rating agency ICRA has termed the proposed amendments to the Insolvency and Bankruptcy Code (IBC) encouraging, saying they could help improve recovery rates and reduce resolution timelines. However, it cautioned that long-standing structural challenges in the real estate sector remain largely unaddressed. ICRA noted that the real estate and construction sector continues to account…
Year-End Review 2025: Transformational Reforms and Institutional Strengthening by the Ministry of Corporate Affairs—From Ease of Doing Business and MCA V3 Transition to Insolvency Resolutions and Expanded Regulatory Infrastructure The major initiatives and achievements of the Ministry of Corporate Affairs during the year 2025 are as under: Reforms in Merger and Acquisition Framework In line…
Believer Meats files for bankruptcy, drawing the curtain on what was once billed as a breakthrough venture poised to redefine how meat reaches dinner plates. The cultured-meat company, formerly known as Future Meat, entered insolvency proceedings Thursday in the Lod District Court after failing to secure financing to service its debts and operate a massive…
In 2025, the Ministry of Corporate Affairs (MCA) unveiled significant reforms to simplify corporate compliance and enhance governance, aiming to bolster India’s business environment. These reforms were strategic in positioning India as a leading destination for global business operations. One of the major announcements was raising the threshold limits for small companies by increasing…
The cultured meat company Believer Meats (formerly Future Meat) filed for bankruptcy on Thursday in the Lod District Court, after failing to raise funding that would cover its debts and enable the operation of the large factory it built in North Carolina. Calcalist reported earlier this month that the company had ceased operations. According to…
As Bitcoin volatility continues to pressure crypto-linked equities, a growing narrative has emerged questioning whether Michael Saylor’s company, Strategy, could face bankruptcy or be forced to sell Bitcoin if the price falls to $74,000. A review of Strategy’s balance sheet, debt structure and recent executive disclosures suggests that scenario is not supported by the company’s…
The National Company Law Tribunal (NCLT) at Mumbai recently held that the Insolvency and Bankruptcy Code, 2016 does not prohibit the appointment of a single resolution professional for companies belonging to the same corporate group. According to the tribunal, such an appointment does not by itself create a conflict of interest. A coram of Judicial…
The television game reality show “Kaun Banega Crorepati 13” is set to premiere on Sony TV on August 23rd. Each contestant sits in the hot seat opposite Amitabh Bachchan, hoping to become a crorepati. Over the past 12 seasons, many contestants have become crorepati, but in KBC 5, Sushil Kumar from Bihar surprised everyone by…