Xin Sai Trade declared bankrupt by court ruling.

Gelonghui, October 16th ─ Xinsai Co., Ltd. (600540.SH) announced that recently, Xinsai Trade received the ‘Civil Ruling’ [(2025) Xin 0106 Po 1 No. 1] from the Toutunhe District People’s Court, with the main content as follows: This court holds that the assets of Xinjiang Xinsai Trade Co., Ltd. are insufficient to repay its due debts,…

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Bankruptcy court admits IDBI Bank’s insolvency resolution plea against Wind World arm

The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the initiation of the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following an application filed by IDBI Bank. The tribunal also appointed Megha Agrawal as the interim resolution professional (IRP) for the company. The state-owned lender approached the tribunal after…