Image: Christina Radevich The operator of Victoria Cherry, a prominent casino in central Minsk, Belarus, has closed its doors and filed for bankruptcy. Per the media outlet Zerkalo and an official court notice posted on the Belarusian Ministry of Economy’s website, on September 29, Victoria Cherry was “declared bankrupt and ordered to close permanently.” The…
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Syllabus: Economy Source: SSTV Context: The Insolvency and Bankruptcy Code (IBC) completed nine years of implementation, having resolved debt worth ₹26 lakh crore. About Nine Years of Insolvency and Bankruptcy Code (IBC): Origin and Purpose of IBC (2016) Introduced to replace inefficient debt recovery systems like SARFAESI, DRT, and SICA. Aims to create a time-bound,…
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Former footballer and manager Iain Dowie is facing possible bankruptcy after being taken to court by HM Revenue & Customs. The 60-year-old, best known for coining the term “bouncebackability” during his managerial days at Crystal Palace, has been hit with a bankruptcy petition and is due to appear before the High Court in the coming…
By TAMARA PRENN, SENIOR SPORTS REPORTER Published: 18:24 AEST, 13 October 2025 | Updated: 18:28 AEST, 13 October 2025 A former Premier League boss is believed to be facing bankruptcy after being hit with a petition from HMRC, according to reports. The 60-year-old, who managed a number of top-flight sides, is thought to be due…
In a recent ruling, the Bombay High Court held that the moratorium imposed under the Insolvency and Bankruptcy Code, 2016 (IBC) does not bar criminal proceedings against natural persons, such as directors, for offences committed under the NI Act, even if the insolvency proceedings were initiated prior to the cheque’s dishonour. The Court allowed a…
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