Mumbai: With a little help from BlackRock, the world’s largest asset manager, IPO-bound Udaan has struck a deal with a string of offshore lenders to avoid bankruptcy. Earlier this week, the internet commerce company reached an agreement to restructure its debt with its shareholders and global creditors who had initiated insolvency proceedings in the Singapore…
3DEO enters insolvency process as IP and machinery offered for sale Metal Additive Manufacturing magazine Read the original article here
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The National Company Law Tribunal (NCLT) has recorded its highest-ever first-quarter performance in terms of approving resolution plans since the enactment of the Insolvency and Bankruptcy Code, 2016 (IBC). Between April and June 2026, the tribunal approved 78 resolution plans across its benches, involving an aggregate approved value of ₹5,517.66 crore. While approving these 78…
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Performance report Chief Executive’s foreword Delivering progress that matters to our customers As the Chief Executive of the Insolvency Service, I am pleased to present our Annual Report and Accounts for 2025 to 2026. Since joining the agency in January 2026, I have seen firsthand the professionalism and dedication of colleagues across our agency. Our…
Jul 14, 2026 German solar and wind developer SoWiTec has filed for insolvency, citing excessive debt as the primary cause. According to the company’s announcement, an insolvency case was opened in the German city of Tübingen due to illiquidity and over-indebtedness. The company’s subsidiaries—SoWiTec International, SoWiTec Projekt, and SoWiTec Operation—have also initiated insolvency proceedings. SoWiTec…
The company said that insolvency became “unavoidable” in recent days, after management attempted to prevent claims being asserted by “a supplier” and failed to secure a deferment of financial obligations. SoWiTec expects its operations to continue “initially” after the appointment of an insolvency administrator. The majority of SoWiTec’s operational projects are wind power assets, mostly…
Russia’s new bankruptcy law lets the Kremlin pick which companies survive Euromaidan Press Read the original article here
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