The President of the Tax Authority, Adrian Nica, announces that the National Agency for Fiscal Administration (ANAF) is considering changing the fiscal record in such a way that individuals who have repeatedly managed companies that went into insolvency will no longer be able to establish other commercial entities. The proposal is set to be discussed…
Quadrant Televentures Limited Schedules Sixth Committee of Creditors Meeting for February 23, 2026 scanx.trade Read the original article here
Synopsis: A non-banking finance company will invest Rs. 350 crore under a consortium-led insolvency resolution of a Renewable Energy Company, focusing on acquiring select real estate and non-core assets through a distressed-asset value strategy. A mid-cap company that is involved in the business of fund-based activities viz, investment in shares, securities, mutual funds and providing…
AuthorSimar Singh|Published at: 20th February 2026, 2:55 pm Overview Embassy Developments Limited’s critical hearing at the National Company Law Appellate Tribunal (NCLAT) regarding insolvency proceedings has been postponed for the third time, now to February 27, 2026. The stay on the National Company Law Tribunal’s (NCLT) order admitting Corporate Insolvency Resolution Process (CIRP) remains in…
Four companies linked to a scheme which risks undermining insolvency legislation have been shut down. Atherton Corporate Partners LLP, Jones & Harlington Ltd, TYA GRP Ltd and TYA Two GRP Ltd formed part of the Atherton scheme, which allowed business owners to keep their assets and drop their debts. More than £18 million in previously…
Private Equity Bankruptcy Tracker Private Equity Stakeholder Project PESP Read the original article here
According to CreditorWatch data, 10.4 per cent of food service businesses closed over the past year – the highest rate of any industry. Pubs, taverns, and bars (8.1 per cent) and clubs (7.8 per cent) also shut down at above-average rates, higher than the average for all industries at 5.4 per cent. You’re out…
Saks Global gets final court approval for $1 billion bankruptcy loan after addressing vendor complaints Reuters Read the original article here
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…
A review of the Neconde OML 42 / Nestoil case At the Supreme Court, where legal doctrine often intersects with commercial reality, Neconde Energy Limited has placed before the apex court a dispute that could redefine the limits of receivership and corporate self-representation in Nigeria. In Appeal No: SC/CV/48/2026, the company poses a seemingly simple…