Category Archives: Bankruptcy

NTPC Completes Acquisition of 1,350 MW Sinnar Thermal Power Plant

Mumbai, February 25,2026: NTPC Ltd on Wednesday announced that it, along with Maharashtra State Power Generation Company Limited (MAHAGENCO) has completed the acquisition of Sinnar Thermal Power Limited through an NCLT-approved resolution plan. The disclosure was made to both the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. NTPC is India’s largest power generation company,…

French publisher Nacon files for insolvency as parent company defaults on debts

French publisher Nacon has filed for insolvency and suspended trading of the company’s shares, as its majority stakeholder and parent company, Bigben Interactive, is currently going through serious financial difficulties. This could make the Nacon Connect stream on 4th March quite awkward… Bigben Interactive defaulting on a €43 million bond repayment has sent shockwaves through…

Nacon Files for Insolvency, Seeks Court Protection

2 Nacon has filed for insolvency and formally requested the opening of judicial reorganisation proceedings before the Commercial Court of Lille Métropole, the company confirmed on February 25, 2026. The move comes as the publisher and accessories manufacturer faces mounting financial pressure tied to the situation of its majority shareholder, Bigben Interactive. Trading of Nacon…

Judicial review of corporate bankruptcy reorganization value in China: a critical analysis based on 590 judicial judgments

Methodology and data collection This study tries to collect cases of application for corporate reorganization handled by courts reported as of the end of June 2023. The Minutes were released by the SPC in March 2018. Considering that the trial of bankruptcy reorganization cases requires a certain period, this study focuses on examining the court’s…

What the latest ONS insolvency statistics signal for the food & beverage sector — and options for companies in distress – Food Manufacture

What the latest ONS insolvency statistics signal for the food & beverage sector — and options for companies in distress  Food Manufacture Read the original article here

PRESS RELEASE: Nacon announces that it has today filed for insolvency and is requesting the initiation of judicial reorganisation proceedings – The Manila Times

PRESS RELEASE: Nacon announces that it has today filed for insolvency and is requesting the initiation of judicial reorganisation proceedings  The Manila Times Read the original article here

‘I feel no shame about the insolvency plan which will save my chicken wing business’ – Belfast Telegraph

‘I feel no shame about the insolvency plan which will save my chicken wing business’  Belfast Telegraph Read the original article here

Owner of chicken chain Wing it ‘feels no shame’ about entering insolvency plan to pay off debts – Belfast Telegraph

Owner of chicken chain Wing it ‘feels no shame’ about entering insolvency plan to pay off debts  Belfast Telegraph Read the original article here

IBC Overrides ‘Defunct’ Companies Act Schemes; Supreme Court Restores Insolvency Proceedings Against Corporate Debtor

The Supreme Court of India has set aside an order of the National Company Law Appellate Tribunal (NCLAT) that had stayed insolvency proceedings against a Corporate Debtor due to a pending Scheme of Arrangement (SOA) under the Companies Act, 1956. A Bench comprising Justice Sanjay Kumar and Justice K. Vinod Chandran held that “judicial discipline”…

NTPC, MAHAGENCO complete acquisition of 1,350 MW Sinnar Thermal Power plant, ETEnergyworld

NTPC said the consortium completed the acquisition on February 24, 2026, in terms of the resolution plan approved by the National Company Law Tribunal (NCLT). State-run NTPC and Maharashtra State Power Generation Company (MAHAGENCO) on Wednesday said that their consortium has completed the acquisition of Sinnar Thermal Power Ltd (STPL) under the Insolvency and Bankruptcy…