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Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses. “After a thorough evaluation…
The National Company Law Appellate Tribunal (NCLAT) has stayed an earlier NCLT order that had directed insolvency proceedings against Reliance Infrastructure. The case was initiated following a plea by IDBI Trusteeship, which alleged a default of around ₹90 crore by the Anil Ambani-led company. However, Reliance Infrastructure informed the appellate tribunal that all outstanding dues,…
The bankruptcy of high-profile fashion designer Jovian Mandagie, the former son-in-law of Malaysia’s ex-prime minister Ismail Sabri Yaakob, has brought renewed attention to the growing scandals surrounding the former leader’s family. Jovian, once a household name in Malaysian and Indonesian fashion circles, was declared bankrupt by the Kuala Lumpur High Court on Thursday for failing…
1. Main messages for England and Wales The number of registered company insolvencies in England and Wales was 2,043 in June 2025, 8% lower than in May 2025 (2,230) and 16% lower than the same month in the previous year (2,430 in June 2024). Monthly company insolvency numbers in the first six months of 2025…
Company insolvencies in England and Wales fall Just in: the number of companies in England and Wales falling into insolvency dropped last month. The Insolvency Service has reported that there were 2,043 registered company insolvencies in England and Wales in June, 8% lower than in May 2025 (2,230) and 16% lower than in June 2024,…
San Francisco tech company once worth $425 million goes bankrupt SFGATE Read the original article here
Former partner of broker Bloxham is declared bankrupt MSN Read the original article here
Introduction of new sanctions reporting requirements for insolvency practitioners and new insolvency-related licensing ground Dentons Read the original article here
(Bloomberg) — Shareholders of collapsed fintech startup Linqto Inc. asked a federal judge in Texas to send the company’s bankruptcy case to Delaware, contending there they will be better protected from the whims of new managers. Investment firm Sapien Group said in a court filing Wednesday that shareholders want to challenge actions taken by Linqto’s…