Kolkata: Holding that municipal bodies can possess statutory charges that qualify as security interests under insolvency law, the National Company Law Appellate Tribunal (NCLAT) has allowed the Kolkata Municipal Corporation (KMC) to recover Rs 51.72 lakh in unpaid property tax from a property in Kolkata owned by Talwalkars Better Value Fitness Ltd. The order by…
On October 23, 1999, Mr. Rao started working as a customer service assistant at a company. His probation period was six months and after the probation period was over, he was confirmed in the job. Thereafter he was posted in the customer service department of the company’s Bengaluru branch. He was confirmed as a customer…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Reliance Communications Limited ( (IN:RCOM) ) has provided an update. Reliance Communications Limited has announced the scheduling of its 66th Committee of Creditors meeting on October 27,…
Reliance Communications Limited (RCOM), which is currently undergoing a corporate insolvency resolution process (CIRP), has disclosed that the Bank of Maharashtra has classified the company’s loan account as ‘fraud’. Reliance Communications received the formal letter detailing the classification, dated October 4, 2025, on October 24, 2025. The classification relates to credit facilities extended by the…
Iran declares major private bank bankrupt | The Jerusalem Post Jerusalem Post/Middle East/Iran News Tehran moves to reassure depositors after Ayandeh Bank collapse, transferring assets to state-owned Bank Melli amid mounting economic pressure and renewed international sanctions. An Iranian man walks past a branch of the state-owned Melli Bank, which absorbed the assets of the…
TEHRAN Iran declared one of the country’s largest private banks bankrupt with its assets absorbed by the state, official media reported on Oct. 25, in a rare move in the country grappling with international sanctions. class=”cf”> Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital…
The collapse of Ayandeh Bank exposes deep cracks in Iran’s financial system, with experts warning more failures could follow amid sanctions and weak oversight. ERBIL (Kurdistan24) — Iran has declared on Saturday one of its largest private banks, Ayandeh Bank, bankrupt, with its assets absorbed by the state-owned Melli Bank, marking one of the most dramatic…
TEHRAN: Iran declared one of the country’s largest private banks bankrupt with its assets absorbed by the state, official media reported Saturday, in a rare move in the country grappling with international sanctions. Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone. But…
Iran declares major lender bankrupt – Region – World Ahram Online Read the original article here
Reliance Communications Ltd.’s loan account has been declared as ‘fraud’ by Bank of Maharashtra, according to a regulatory filing on Saturday. The filing also informed that the company is undergoing a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. “A resolution plan has been approved by the committee of creditors of the…