Business start-ups rise as insolvency activity falls in Wales – R3 – Insider Media Ltd
Business start-ups rise as insolvency activity falls in Wales – R3 Insider Media Ltd Read the original article here
Court reverses Damien Grant’s insolvency fees, rules in favour of subcontractors – Business Desk NZ
Court reverses Damien Grant’s insolvency fees, rules in favour of subcontractors Business Desk NZ Read the original article here
Owner vanishes after Dutch transport bankruptcy
Tp Oversize Transport en Logistics BV from Duiven, operating in the heavy transport industry, was declared insolvent on August 6, 2025. Since then, both the owner and his vehicles have disappeared, likely beyond the country’s borders. The situation raises questions about responsibility towards leasing companies and the potential legal nature of the case. According to…
Challenge process cleared, Jaiprakash Associates bidding likely to go down the wire
In a high-stakes turn in the resolution process of debt-ridden Jaiprakash Associates Ltd (JAL), the country’s second largest corporate insolvency case, the Committee of Creditors (CoC) has approved a challenge process. The challenge mechanism, if implemented, will push the five competing and shortlisted bidders into a real-time showdown, sort of a direct auction where bids…
Operational creditors trail financial lenders in spurring insolvency cases
The cumulative number of insolvency cases initiated by operational creditors such as raw material suppliers and vendors against defaulters trailed that by financial creditors for the first time since fiscal 2017, show latest data. According to officials, this suggests a growing preference among operational creditors in recent years for out-of-court settlements. Between late 2016, when…
NCLT admits Canara Bank’s insolvency plea against Supreme Infra’s Highway SPV
Mumbai: The National Company Law Tribunal (NCLT) has admitted Canara Bank‘s insolvency plea against Supreme Best Value Kolhapur (Shiroli) Sangli Tollways Pvt Ltd, a special purpose vehicle promoted by BSE-listed Supreme Infrastructure India Ltd, over a default of ₹347 crore. The tribunal also appointed Rajesh Jhunjhunwala as the interim resolution professional (IRP) to oversee the…
Siti Networks Faces Loan Default and Insolvency Proceedings
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Siti Networks Limited ( (IN:SITINET) ) has issued an announcement. Siti Networks Limited has disclosed a default on the payment of interest and principal on loans from…
UK chasing £90m in taxes from temp staffing firm rescued from insolvency | HMRC
The UK exchequer is chasing about £90m in unpaid taxes after a temporary staffing business was rescued from insolvency proceedings in an £18m deal that reimbursed private funders in full. The main assets of Challenge Recruitment Group, which counted Tesco, Sainsbury’s and Co-op among its top customers, were acquired from administration in July by the…
The rot beneath the gavel? Power plays and payoffs in courtrooms
This alleged attempt to influence a judicial decision underscores a growing trend: the erosion of the IBC’s initial promise of fairness and efficiency. Instead of a streamlined process focused on maximizing asset recovery for creditors, the NCLT and NCLAT are increasingly becoming battlegrounds where powerful vested interests exert undue pressure, often subverting the very principles…
No Cookies | The Courier Mail
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…