Slain insolvency lawyer warned about assassinations: Read his chilling op-ed – News24
Slain insolvency lawyer warned about assassinations: Read his chilling op-ed News24 Read the original article here
Anil Ambani and Reliance Communications' loan accounts declared 'fraud' by Bank of Baroda – MSN
Anil Ambani and Reliance Communications’ loan accounts declared ‘fraud’ by Bank of Baroda MSN Read the original article here
The Collapse of Corporate Justice in India, ETLegalWorld
NCLT India’s National Company Law Tribunal (NCLT) in New Delhi, the principal forum for insolvency resolution and corporate disputes, is facing what lawyers describe as an “unprecedented breakdown” of judicial functioning, as unsafe infrastructure has forced multiple courtrooms to shut and proceedings to be drastically curtailed. The crisis came to a head this week when…
Wes Brown: Why did former Man Utd star go bankrupt?
Former Manchester United defender Wes Brown is now reportedly renting a property from a current Old Trafford star after being officially declared bankrupt last month. Brown spent a total of 19 years at the ‘Theatre of Dreams’, making 262 appearances and winning 19 trophies during his time at the club. At the peak of his…
German packaging manufacturer struggles: Family business files for insolvency after 475 years
The Cast company is now looking for a new owner. Casimir Cast GmbH A piece of industrial history in the Murg Valley is on the brink of collapse: packaging manufacturer Casimir Kast has filed for insolvency. The family business, founded in 1550, employs around 160 people. No time? blue News summarizes for you Packaging manufacturer…
Sprick Rowery continues under Asian ownership after insolvency – Bike Europe
Sprick Rowery continues under Asian ownership after insolvency Bike Europe Read the original article here
Bankruptcy proceedings initiated for AB Šatrija
On 4 September 2025, the Šiauliai Regional Court ruled to initiate bankruptcy proceedings for AB Šatrija, a sewing services company owned by the Utenos Trikotažas Group. The ruling may be appealed within 7 days of delivery. Once it becomes final, AB Šatrija will acquire the status of a bankrupt legal entity. Insolvency administrator Juozas Valaitis…
Bank of Baroda classifies Anil Ambani and RCom as ‘fraud’
In a significant development, state-owned Bank of Baroda (BoB) has classified the loan accounts of debt-laden Reliance Communications Limited, also RCom, and its former chairman, Mr. Anil Dhirubhai Ambani, as “fraud”, alleging a systematic diversion and misappropriation of funds. The bank issued a detailed “Reasoned Order” on September 2, 2025, following a protracted process that…
Flats linked to Gitanjali Gems promoters set for auction in October
In a move to recover funds for creditors, the liquidator of the scam-tainted Gitanjali Gems Limited has put up for e-auction three luxury flats in Mumbai’s Santacruz East, previously linked to the company’s promoters, the Choksi family. The auction is part of the liquidation process of the company that collapsed following the massive Punjab National…
Bank of Baroda Declares RCom & His Loan Accounts as ‘Fraud’ – Outlook Business
Prior to this, the State Bank of India (SBI) and the Bank of India (BOI) reclassified the loan accounts of Anil Ambani’s bankrupt telecom firm RCom as “fraud”. SBI accused the company of diverting over ₹31,500 crore whereas BOI alleged that ₹725 crore, which the firm was supposed to use for spectrum payments, was transferred…