Local businesses will be hoping for measures which boost economic activity in next week’s Budget, as latest insolvency figures highlight a concerning upward trend in struggling companies. This is according to the Midlands branch of the UK’s restructuring, turnaround and insolvency trade body R3 and comes on the back of new statistics published by the…
Kevin Spacey says his financial situation is “not great” in the wake of the accusations of sexual assault that effectively ended his career eight years ago. In a fawning profile published in The Telegraph this week, the 66-year-old actor claims he lost his Baltimore, Maryland, home “because the costs over these last seven years have…
MUMBAI: A former managing director of Provogue India Ltd has accused a resolution professional, ex-colleagues and several business associates of orchestrating a years-long scheme that allegedly depressed the company’s value during insolvency, concealed foreign assets, and siphoned dues from export clients. Provogue’s Collapse and a Trail of Suspicion When Provogue India Ltd entered insolvency proceedings…
Adani Enterprises share price: Shares of Adani Enterprises are expected to hog the limelight on Thursday, November 20, as, according to a PTI report, Gautam Adani has won the approval of creditors of Jaiprakash Associates (JAL) for its ₹14,535 crore acquisition proposal for the bankrupt infrastructure group. Open FREE Demat Account within minutes! Join now…
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By Emily Lever · November 19, 2025, 8:27 PM EST Behind the glittering facade of Lugano Diamonds were fraudulent diamond investments and accounting irregularities that have landed the luxury jewelry house in bankruptcy, court documents and financial disclosures show…. To view the full article, register now. Read the original article here
MUMBAI: The Economic Offences Wing (EOW) of the Mumbai police, on the complaint from the former managing director of Provogue India Pvt Ltd, has registered a case against a resolution professional (RP), Provogue’s former director, a few former employees and some clients (debtors). The complainant has alleged that he was cheated of ₹90 crore by…
Motorcycle accessories supplier Polo has once again filed for insolvency under its own administration and intends to continue business operations under the protection of insolvency law. Despite economic difficulties, the stores remain open and employees’ wages are secure for the time being. Insolvency under self-administration since November 18, 2025 Around 700 employees in Germany, wages…
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Billionaire businessman Gautam Adani-promoted Adani Enterprises said on Wednesday that the creditors of the bankrupt infrastructure firm Jaiprakash Associates have approved its takeover proposal. The company did not disclose its bid value. Upon takeover, Adani Enterprises will have control over Jaiprakash Associates’ business spanning seven industries that had reported over ₹6,500 crore in revenue and…