Homebuyers Can Invoke IBC Against Developer Despite Pending RERA Case Over Project Delay: NCLT Kochi

The National Company Law Tribunal (NCLT) at Kochi has held that homebuyers are not barred from invoking insolvency proceedings merely because complaints over project delays are pending before the Real Estate Regulatory Authority (RERA, as long as financial default and distress are established under the Insolvency and Bankruptcy Code. Admitting a Section 7 application filed…

Interpark Commerce declared bankrupt by court

Published: 16 Dec. 2025, 19:43 The Interpark building [YONHAP]   The Seoul Bankruptcy Court on Tuesday declared Interpark Commerce, an online retail subsidiary of e-commerce company Qoo10, bankrupt after financial problems arose from Qoo10’s other subsidiaries’ unpaid seller fees.    The decision comes 16… Read the original article here

David Sharaz bankrupted by Linda Reynolds in federal court days after his wife Brittany Higgins | Australia news

David Sharaz has been declared bankrupt in the federal court just days after his wife, Brittany Higgins, was bankrupted in the same Perth court by her former boss Linda Reynolds. The former Liberal senator launched bankruptcy proceedings in October against Higgins and Sharaz after successfully suing the couple for defamation. On Tuesday registrar Camille Goucke…

Netherlands records fewer haulage bankruptcies in 2025

Data from Statistics Netherlands (CBS) show that 206 transport companies were declared bankrupt between January and November 2025, compared with 278 in the same period of 2024. This suggests that fewer Dutch hauliers exited the market in 2025 despite continued cost pressures and uneven freight demand. A national exception in a difficult European market The…

Eterna files for self-administration proceedings

Eterna Mode GmbH has filed for insolvency under self-administration at Passau District Court. The aim of the proceedings is to implement the final milestone in the transformation of the Passau-based shirt and blouse specialist. This includes the complete outsourcing of logistics as well as the sale and leaseback of the company premises, Eterna announced on…