NCLAT Upholds Liquidation of Go Airlines Busy Bee Airways Pvt. Ltdvs Dinkar T Venkatasubramanian CITATION : 2025 TAXSCAN (NCLAT) 182 The National Company Law Appellate Tribunal (NCLAT), New Delhi bench upheld the liquidation by finding that, in the absence of a compliant resolution plan, the Committee of Creditors (CoC), acting in accordance with Section 33(2)…
Syska LED Lights Pvt Ltd, once a well-known name in the consumer lighting market, is currently going through an insolvency resolution process after facing serious financial trouble. This process has attracted interest from four potential buyers. These include Syska’s own promoter, Germany-based investment firm Mutares Group, and two Indian companies, Aikyam Stressed Asset Fund and…
The National Company Law Appellate Tribunal (NCLAT) at Delhi held that a three-day delay in filing an insolvency appeal stood deemed to have been condoned due to a registry error, and on that basis refused to recall its earlier order admitting insolvency proceedings. A coram comprising Judicial Member Justice Yogesh Khanna and Technical Member Ajai…
Syska LED Insolvency Process Attracts Four Bidders Including Promoter and Mutares Group scanx.trade Read the original article here
Corporate bankruptcies are reaching levels not seen since the Great Recession — with inflation, high interest rates and punishing tariffs pushing hundreds of companies over the edge in 2025, according to a new report. At least 717 US companies filed for bankruptcy through November, according to S&P Global Market Intelligence, a 14% jump from the…
The World Cup winner is facing further financial difficulties Dallaglio is facing further financial difficulties (Image: Alan Crowhurst/Getty Images) Lawrence Dallaglio is reportedly facing financial ruin after being hit with a fresh £500,000 bill. The England rugby legend was declared bankrupt earlier this year following his divorce from wife Alice, whom he’d been with for…
Six freight carriers filed for bankruptcy in November, with some unsecured claims going well into six figures. These transportation firms filed for Chapter 11 bankruptcy, according to U.S. Bankruptcy Court documents obtained by Equipment Finance News: Empire Trimodal Terminal filed Nov. 19 in the northern district of West Virginia; Orange Courier filed Nov. 21 in the central district of California; P Judge & Sons Trucking filed Nov. 14 in the district of New Jersey; S &…
17 Iconic ’70s Restaurants That Went Bankrupt AOL.com Read the original article here
Supreme Court IBC Moratorium Doesn’t Bar Voluntary Surrender Of Corporate Debtor’s Leased Property To Lessor: Supreme Court Cause Title: Sincere Securities Private Limited & Ors. Versus Chandrakant Khemka & Ors. Citation : 2025 LiveLaw (SC) 774 The Supreme Court on Tuesday (August 5) held that the moratorium under the Insolvency and Bankruptcy Code, 2016 (IBC),…
2025 brought a wave of bankruptcy filings across California, affecting businesses in industries ranging from real estate to food service. The filings spanned diverse sectors, including luxury homebuilding, skincare, pizza chains, and healthcare, as rising debt and financial pressures mounted. 11 California Companies That Filed for Bankruptcy in 2025 Eleven companies, including Rizo-Lopez Foods, Brooke…