TEMPO.CO, Jakarta – Susi Air airline is being sued for bankruptcy by its former employee regarding the fulfillment of severance pay. Fadila, a former employee, filed the lawsuit at the Central Jakarta Commercial Court on December 24, 2025. This case is recorded with Case Number 73/Pdt.Sus-Pailit/2025/PN.Niaga.Jkt.Pst. Fadila’s legal representative, Zentoni, stated that the bankruptcy lawsuit…
Representational image. Credit: Canva Borosil Renewables Limited has informed the stock exchanges about the start of a voluntary insolvency process for its wholly owned subsidiary in Germany, Geosphere Glassworks GmbH. The company shared that the insolvency application was filed by Geosphere’s Managing Director on December 22, 2025, before the insolvency court in Cottbus, Germany. Borosil…
Akaant K. Mittal, Advocate, Punjab & Haryana High Court is pleased to announce the commencement of his book on the Third Edition of the authoritative legal commentary on the Insolvency and Bankruptcy Code (IBC). Building upon the strong foundations of the earlier editions, the forthcoming volume will comprehensively incorporate legislative developments, regulatory changes, and judicial…
The fifth consecutive year: Global insolvencies set to hit a record high through 2026 Allianz Trade Read the original article here
The Supreme Court has appointed a three-member committee to oversee the Corporate Insolvency Resolution Process (CIRP) of realty major M/s Supertech Realtors Pvt Ltd, which is caught in a series of litigations by homebuyers and others over its ambitious mixed-use Supernova project in Sector 94, Noida. The committee, headed by former Chief Justice of Jammu…
The Avoidance Mechanism under India’s Insolvency Code: A System in Crisis Moneylife Read the original article here
New Delhi: By ordering to bring in a new developer to finish Supertech Supernova project in Noida, which is currently under insolvency, and removing the company’s erstwhile promoters, the insolvency resolution professional (IRP) and committee of creditors (CoC), the Supreme Court has rekindled hope among lakhs of homebuyers that other frozen housing projects could be…
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The Supreme Court has appointed a three-member committee — headed by former Chief Justice of Jammu and Kashmir High Court Justice M M Kumar — to oversee the Corporate Insolvency Resolution Process (CIRP) of realty major Supertech Realtors Pvt. Ltd, caught in a series of litigation with homebuyers and others over its ambitious mixed-use project…