The Competition Commission of India (CCI) has approved Jindal Power Limited’s acquisition of debt-laden Jaiprakash Associates Limited, the Press Information Bureau (PIB) reported on Tuesday, September 30. The transaction, cleared under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016, is seen as a key step in resolving one of India’s…
The National Company Law Appellate Tribunal (NCLAT) upheld the order of the Indore Bench of the National Company Law Tribunal (NCLT) rejecting a Section 7 application filed, after observing that the alleged default amount was below the statutory threshold of Rs. 1 crore under the Insolvency and Bankruptcy Code, 2016. The appellate tribunal set aside…
Business recovery and insolvency stakeholders have called for the strengthening of insolvency institutions to enhance practitioners’ effectiveness and align Nigeria’s frameworks with global best practices. This was made known at the 2025 Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) conference in Lagos. The two-day event focused on deepening the use of insolvency tools…
The former Liverpool and England winger John Barnes has been declared bankrupt after a petition was filed by HM Revenue & Customs last month 16:04, 30 Sep 2025Updated 16:04, 30 Sep 2025 Former England and Liverpool footballer John Barnes(Image: PA) Football legend John Barnes has been declared bankrupt after his company ran up debts of…
Stuart HarrattEast Yorkshire and Lincolnshire BBC The Lindsey Oil Refinery went into administration in June Almost a third of the workers at the Lindsey Oil Refinery are to lose their jobs. The Insolvency Service said 125 employees would be made redundant at the end of October, with 255 people remaining at the site at North…
Four former executives of Pirch, the San Diego County-based luxury kitchen retailer that filed for bankruptcy last year, have been sued by the company’s Chapter 7 trustee to collect funds aimed for repaying its creditors. The complaint, filed Sept. 22 in San Diego Superior Court, alleges that the executives improperly spent around $95 million in…
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The Insolvency Service said on Tuesday that 125 jobs will be cut at the site by the end of October. It will leave 255 workers at the oil refinery in North Killingholme, North Lincolnshire as the official receiver continues to seek a rescue deal for the business. The Government’s official receiver took control of the…
The Insolvency Service said on Tuesday that 125 jobs will be cut at the site by the end of October. It will leave 255 workers at the oil refinery in North Killingholme, North Lincolnshire as the official receiver continues to seek a rescue deal for the business. The Government’s official receiver took control of the…
The Insolvency Service said on Tuesday that 125 jobs will be cut at the site by the end of October. It will leave 255 workers at the oil refinery in North Killingholme, North Lincolnshire as the official receiver continues to seek a rescue deal for the business. The Government’s official receiver took control of the…