– Advertisement – Mumbai– In a major setback for industrialist Anil Ambani, the Bombay High Court on Friday dismissed his plea challenging the State Bank of India’s decision to classify his loan account as “fraud.” A bench comprising Justices Revati Mohite Dere and Neela Gokhale upheld SBI’s action, ruling that the bank had complied with…
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Omkara Asset Reconstruction Company has announced the successful acquisition of Rs 3,763 crore debt from the bankrupt Wind World India, secured with a bid of Rs 1,225 crore. The strategic move places Omkara in a pivotal role as the lead decision-maker in Wind World India’s Corporate Insolvency Resolution Process, securing an 80% voting share…
Mumbai, Oct 3 (IANS) In a setback to industrialist Anil Ambani, the Bombay High Court on Friday rejected a plea against SBI’s decision to declare his loan account as “fraud”. A bench of Justices Revati Mohite Dere and Neela Gokhale dismissed Anil Ambani’s argument of procedural unfairness and upheld the State Bank of India’s action.…
The idea is to enable company executives and lenders to closely watch signals of financial distress in a company that precede a payment default and to pre-empt insolvency, the people said on the condition of anonymity. It could take some time before formal proposals are framed, as the matter requires broad-based consultations, they said. It…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. An announcement from MT Educare Ltd ( (IN:MTEDUCARE) ) is now available. MT Educare Ltd has disclosed defaults on interest payments and principal repayments on loans from…
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Razzoo’s Cajun Cafe, a 20-unit casual chain located primarily in Texas, filed for Chapter 11 bankruptcy protections on Wednesday, court documents filed with the Southern District of Texas Houston Division show. The concept was founded…
The trustee for the bankrupt estate of the former Sydney pub baron, has been appointed by order of the Federal Court today, Friday, 3 October 2025. Agdemis declared bankruptcy on Thursday, after the collapse of his Public Hospitality pub group, owing creditors and suppliers over $1.8bn. In a statement today, Pitch Partners said: “Andrew Yeo…
Former Reggae Boyz coach and England football legend John Barnes has been declared bankrupt at the age of 61, following financial troubles tied to his now-liquidated company, John Barnes Media Limited. – Advertisement – A bankruptcy notice was published in the London Gazette after a petition was filed by HM Revenue & Customs (HMRC) in…
Business Post Legal 100: Insolvency Business Post Read the original article here