David Sharaz declared bankrupt in federal court hearing prompted by Linda Reynolds – MSN
David Sharaz declared bankrupt in federal court hearing prompted by Linda Reynolds MSN Read the original article here
Limos4 expands in Germany following United Limousines insolvency
Limos4, a chauffeur provider headquartered in Zurich, is set to expand its operations in Germany after local player United Limousines AG entered insolvency proceedings earlier this month. The company, which has operations in more than 70 countries, announced the launch of Limos4 Germany GmbH this week after acquiring “operational assets” from the insolvency estate of…
TVS Supply moves NCLAT against NCLT order rejecting insolvency against ZTE
New Delhi: TVS Supply Chain Solutions has moved appellate tribunal NCLAT, challenging an NCLT order which had rejected its plea to initiate insolvency against the Indian unit of telecom gear manufacturer ZTE. The NCLAT registrar has accepted the request of TVS Supply Chain for more time to cure defects in the plea, which was accepted…
NCLT Rules CIRP Costs Binding on CoC Members Under IBC
The National Company Law Tribunal (NCLT) has reaffirmed the legal enforceability of costs approved during the Corporate Insolvency Resolution Process (CIRP), highlighting the binding nature of decisions taken by the Committee of Creditors (CoC). In a landmark ruling delivered on December 16, 2025, the Tribunal addressed the financial responsibilities of creditors under the Insolvency and Bankruptcy Code,…
Update for Insolvency Practitioners on Companies House Filings | Insights
Following our previous alert, in which we highlighted an issue with entries relating to registered security maintained at Companies House being incorrectly updated to indicate that they had in fact been discharged without the awareness of the relevant company or security holder, it appears that some (potentially all) unauthorised filings have been – or are…
Hospitals owned by REITs more likely to close or go bankrupt
Tara Bannow covers hospitals, providers, and insurers. You can reach Tara on Signal at tarabannow.70. Eight years before Steward Health Care’s explosive, highly publicized collapse, the private equity-backed hospital chain sold its properties to a real estate investment trust. A new study adds weight to the widely-held belief that the deal precipitated Steward’s demise. Hospitals…
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Access Denied You don’t have permission to access “http://www.business-standard.com/industry/news/mca-seeks-to-add-50-nclt-courts-and-two-nclat-benches-panel-report-125121800739_1.html” on this server. Reference #18.d1672817.1766053939.16cbe9f3 https://errors.edgesuite.net/18.d1672817.1766053939.16cbe9f3 Read the original article here
Thurrock debt will not be written off by government, says council
The structure of 15 councils in Essex is due to be reduced to somewhere between three and five all-purpose unitary authorities. Thurrock is likely to merge with some of its neighbours. It could be grouped with Basildon, Castle Point, Southend, Rochford, Harlow, Epping Forest or Brentwood – depending on which proposal is agreed. After the…
Embassy Developments clarifies absence of IBC proceedings – Construction Week India
Embassy Developments clarifies absence of IBC proceedings Construction Week India Read the original article here
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