Owner vanishes after Dutch transport bankruptcy

Tp Oversize Transport en Logistics BV from Duiven, operating in the heavy transport industry, was declared insolvent on August 6, 2025. Since then, both the owner and his vehicles have disappeared, likely beyond the country’s borders. The situation raises questions about responsibility towards leasing companies and the potential legal nature of the case. According to…

Challenge process cleared, Jaiprakash Associates bidding likely to go down the wire

In a high-stakes turn in the resolution process of debt-ridden Jaiprakash Associates Ltd (JAL), the country’s second largest corporate insolvency case, the Committee of Creditors (CoC) has approved a challenge process. The challenge mechanism, if implemented, will push the five competing and shortlisted bidders into a real-time showdown, sort of a direct auction where bids…

Operational creditors trail financial lenders in spurring insolvency cases

The cumulative number of insolvency cases initiated by operational creditors such as raw material suppliers and vendors against defaulters trailed that by financial creditors for the first time since fiscal 2017, show latest data. According to officials, this suggests a growing preference among operational creditors in recent years for out-of-court settlements. Between late 2016, when…

NCLT admits Canara Bank’s insolvency plea against Supreme Infra’s Highway SPV

Mumbai: The National Company Law Tribunal (NCLT) has admitted Canara Bank‘s insolvency plea against Supreme Best Value Kolhapur (Shiroli) Sangli Tollways Pvt Ltd, a special purpose vehicle promoted by BSE-listed Supreme Infrastructure India Ltd, over a default of ₹347 crore. The tribunal also appointed Rajesh Jhunjhunwala as the interim resolution professional (IRP) to oversee the…