NCLT Kochi Rejects Insolvency Plea Against BPL, Finds It Was Attempt To Recover Arbitral Award Dues

The National Company Law Tribunal (NCLT) at Kochi has recently dismissed an insolvency plea against consumer electronics company BPL Limited. It held that the Insolvency and Bankruptcy Code (IBC) cannot be invoked as an additional or parallel mechanism to recover the balance amount under an arbitral award after a creditor has already pursued execution proceedings.…

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Leaked Intel Warns Putin Faces ‘Explosive’ Banking Crisis as Half a Million Russians Go Bankrupt Over War Debts

A leaked European intelligence brief says Vladimir Putin’s war economy is pushing Russia towards an ‘explosive’ banking crisis, with more than 500,000 people declared bankrupt in 2025 and banks increasingly exposed to bad loans, it was reported on 6 July 2026. The assessment, prepared for EU officials ahead of a new sanctions push, centres on…

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