The National Company Law Tribunal (NCLT) at Mumbai has approved a Rs. 16.10 crore resolution plan submitted by Klassic Wheels Ltd for the revival of debt-laden Indian Refrigerator Company Ltd, bringing the resolution process to an end.A coram of Judicial Member Nilesh Sharma and Technical Member Charanjeet Singh Gulati, in an order dated December 19,…
New Delhi, Jan 3 (KNN) The Bombay High Court ruled that if a company exits insolvency under an approved resolution plan, an arbitral award under challenge does not survive, and any money withdrawn by the award holder from court deposits must be returned if the claim stands extinguished. Court Orders Refund of Withdrawn Amount Justice…
A Manchester United legend with more than 350 appearances under Sir Alex Ferguson sadly declared bankruptcy despite playing a role in one of the club’s greatest moments Tom Sunderland Sports Writer 07:00, 03 Jan 2026 Wes Brown spent many years at Manchester United(Image: PA) Football fans would be inclined to believe anyone with five Premier…
The National Company Law Tribunal (NCLT) at Jaipur has imposed a cost of Rs. 5 lakh on a Jaipur-based company after holding that it had misused the insolvency process to block recovery action by State Bank of India.The tribunal dismissed the insolvency petition filed by M.D. Suitings Pvt. Ltd. for its own insolvency under Section…
HSBC has initiated bankruptcy petitions against Aidan Barclay and Howard Barclay, marking a further escalation in the unravelling of the Barclay family’s business empire following the collapse of their logistics group. Court filings show the bank lodged the petitions in the High Court in December, after recovering only about £1.1 million of a £143.5 million…
Hundreds of British hospitality workers face losing their jobs in the coming days as the owner of TGI Fridays finalises plans to buy back a slimmed-down version of one of Britain’s best-known casual dining chains. Sky News has learnt that Sugarloaf TGIF Management, which only took control of TGI Fridays two months ago, is preparing…
Hundreds of British hospitality workers face losing their jobs in the coming days as the owner of TGI Fridays finalises plans to buy back a slimmed-down version of one of Britain’s best-known casual dining chains. Sky News has learnt that Sugarloaf TGIF Management, which only took control of TGI Fridays two months ago, is preparing…
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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…