Category Archives: Bankruptcy

NCLT Approves Marutee Finsec’s ₹72-Lakh Resolution Plan For Future Group-Associated Iskrupa Mall Management Company

The NCLT approved Marutee Finsec’s ₹72-lakh resolution plan for Iskrupa Mall Management Company, which faces substantial admitted financial claims | Representational Image Mumbai, October 14, 2026: The National Company Law Tribunal (NCLT) has approved a resolution plan submitted by Marutee Finsec for Iskrupa Mall Management Company Private Limited, with a total resolution consideration of ₹72…

Four South Korean craft brewers have entered rehabilitation or bankruptcy since 2025 – Vinetur

Four South Korean craft brewers have entered rehabilitation or bankruptcy since 2025  Vinetur Read the original article here

Bathla property family took on informal loans before company collapse

The family behind the Bathla property empire took on millions of dollars in informal loans right before the company collapsed, and are involved in secret real estate development projects outside its administration. Bathla, a developer specialising in building budget apartments and townhouses in Sydney’s west, collapsed in August owing $3.4 billion, much of it to…

Court clears way for Spanish firm’s bid to liquidate Ketraco over Sh10bn award

The High Court has cleared the way for a Spanish company, C.A. Infraestructuras T&I SLU, to pursue liquidation of Kenya Electricity Transmission Company (Ketraco) over an unpaid Sh10 billion award, rejecting the State agency’s attempt to stop the case. The court dismissed Ketraco’s preliminary objection, ruling that government ownership does not automatically exempt the electricity…

Seven linked companies shut down after Insolvency Service investigation with Companies House | Insolvency Service

The companies appeared unrelated until a joint investigation uncovered similar conduct concerns. The companies were registered in Lancashire, London, Manchester and Reading.   They appeared unrelated on the Companies House public registry until the Insolvency Service teamed up with Companies House and found evidence of a connection.  The seven companies were wound up by the High…

Insolvencies at Average Overall, Elevated in Three Industries: The FSR's Business Check-Up – Kalkine

Insolvencies at Average Overall, Elevated in Three Industries: The FSR’s Business Check-Up  Kalkine Read the original article here

Character.AI bankruptcy: What the sale of the AI companion app means for the private data of 125,000 Australian children

October 15, 2026 — 12:01am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. No gift articles left You’ve used all of your gift articles. 3 more will become available on the 1st of every month. Close AAA The private conversations of up to 125,000…

Character.AI bankruptcy: What the sale of the AI companion app means for the private data of 125,000 Australian children

October 15, 2026 — 12:01am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. No gift articles left You’ve used all of your gift articles. 3 more will become available on the 1st of every month. Close AAA The private conversations of up to 125,000…

Cable One, Escalating Debt Battle with CoBank, Challenges ‘Insolvency’ Allegation

Policyband Cable One says, ‘CoBank does not allege, nor could it, that Cable One has missed an interest or principal payment’ Photo of U.S. Court House for the Southern District of New York Read the original article here

Loan dispute remains as Mary Chia insolvency suit dropped

SINGAPORE – Insolvency proceedings brought against beauty and wellness group Mary Chia Holdings and three other parties have been dismissed, although a legal dispute over two loans totalling $350,000 remains unresolved. The Catalist-listed company announced on Oct 14 that the court had confirmed the dismissal of proceedings brought by Fullink Capital on Oct 13, following…