Noel Clarke declared bankrupt after he was ordered to pay at least £3m in sexual misconduct case – MSN
Noel Clarke declared bankrupt after he was ordered to pay at least £3m in sexual misconduct case MSN Read the original article here
ED Arrests Former Resolution Professional for Misusing Insolvency Process
A former Resolution Professional (RP) has been arrested by the ED under the anti-money laundering law on charges of misusing the insolvency and bankruptcy framework, leading to a loss worth crores of rupees to public sector banks, the federal probe agency said. Arvind Kumar, the RP for a company under insolvency named Richa Industries Ltd.,…
'No intention of giving up' – Family-owned Sussex bakery in fight for survival amid insolvency proceedings – SussexWorld
‘No intention of giving up’ – Family-owned Sussex bakery in fight for survival amid insolvency proceedings SussexWorld Read the original article here
NCLAT confirms dismissal of insolvency case filed by Akshay Kumar against Cue Learn
The National Company Law Appellate Tribunal (NCLAT) has upheld the decision of the National Company Law Tribunal (NCLT) rejecting an insolvency application filed by actor Akshay Kumar Bhatia against ed-tech firm Cue Learn Private Limited, holding that the matter involved a contractual dispute rather than a case of insolvency under the Insolvency and Bankruptcy Code,…
Fawn Weaver fires back on insolvency, claims Uncle Nearest worth over half-billion – Lexington Herald Leader
Fawn Weaver fires back on insolvency, claims Uncle Nearest worth over half-billion Lexington Herald Leader Read the original article here
Premier Ltd Faces Insolvency as Auditors Flag Going Concern Doubts
Premier Limited continues its challenging journey under the Corporate Insolvency Resolution Process (CIRP) following an NCLT order in January 2021. With its Board of Directors’ powers suspended and management by a Resolution Professional, the financial results for the quarter and nine months ended December 31, 2025, paint a grim picture. The Financial Deep Dive…
Premier Ltd Faces Insolvency, Q3 Losses Mount Amid Audit Red Flags
The Financial Deep Dive Premier Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP) since January 2021, has disclosed its unaudited financial results for the quarter and nine months ended December 31, 2025, painting a grim picture of continued financial distress. The Numbers: Revenue: Total Income for Q3 FY26 stood at ₹29 Lakhs, with an…
Watchdog Shuts Firms For Aiding 11K Fake Registrations – Law360
Watchdog Shuts Firms For Aiding 11K Fake Registrations Law360 Read the original article here
Elon Musk sounds alarm U.S. will ‘1,000% go bankrupt’
In a February 5 interview, billionaire Elon Musk doubled down both on his belief in technology and debt hawkishness as he warned that the U.S. will ‘1,000% go bankrupt’ due to the immense national burden: “We are 1000% going to go bankrupt as a country, and fail as a country, without AI and robots. Nothing…
Alchemist insolvency proceedings were a ‘self-controlled loop’. How ED’s findings guided NCLT action
New Delhi: The National Company Law Tribunal (NCLT), on 3 February, terminated Alchemist Limited’s insolvency proceedings, observing that the committee of creditors (CoC) remained dominated by the same group of entities that were the alleged conduits and beneficiaries of the proceeds of crime of the firm, which operates pharma, agri, and hospitality businesses. Former Rajya…