MediPharm is Dangerously Low On Cash and is On Track to Run Out of Money by November Unless Wholesale Change Occurs MediPharm Lost Over $3.3 Million in Q1 2025 While Management Offered No Clear Plan to Achieve Profitability or Commitment to Reduce Waste or Excessive Spending Apollo Capital Warns Shareholders Not to Be Misled by…
Last Updated:May 16, 2025, 17:14 IST Vodafone Idea has said it may be compelled to approach the National Company Law Tribunal (NCLT) for insolvency proceedings if additional help is not extended, says a report. Vodafone Idea also flagged the potential risk to the government’s 49% equity stake in the company. (Reuters File Image) Struggling telecom…
About 30 Russian airlines, accounting for 26% of domestic passenger traffic, may go bankrupt in 2025, Russia’s Izvestia newspaper reported on Nov. 13. Since the full-scale invasion began, most Russian airlines have come under Western sanctions. As a result, in 2022, several industry players stopped making lease payments. Russian airlines fear a deterioration in their…
The National Company Law Tribunal (NCLT) has issued a notice to Gensol Engineering following the insolvency plea filed against it by the Indian Renewable Energy Development Agency (Ireda), a report said. A bench of NCLT judicial member Shammi Khan and technical member Sanjeev Kumar Sharma instructed notice to be served to Gensol on all modes…
The Court of Appeal has ordered Hong Leong Bank to pay RM1,270,262.15 to Ten Jing Enterprise Sdn Bhd, together with interest and costs, after finding the bank guilty of negligence in the release of company funds. PUTRAJAYA: The Court of Appeal has affirmed that Hong Leong Bank was negligent in breaching a seizure order under…
Vodafone Idea has said that it cannot operate beyond FY26 without the government’s support. This is as per a report by CNBC-TV18. The company reportedly said that if it does not get support from the government, it will go to the National Company Law Tribunal (NCLT) for insolvency. Vodafone – Ideas owes the government Rs…
Indian Renewable Energy Development Agency Ltd. filed an insolvency petition against Gensol Engineering Ltd. before the National Company Law Tribunal (NCLT), Ahmedabad. Following this, the NCLT issued notices to Gensol and scheduled the hearing for June 3. IREDA filed a petition against Gensol on May 14 under Section 7 of the Insolvency & Bankruptcy Code.…
Crisafulli settled $200,000 insolvent trading claim The Australian Read the original article here
A Bench of NCLT comprising Mahendra Khandelwal (Judicial Member) and Subrata Kumar Dash (Technical Member) heard the matter and directed FIITJEE to file its response. The case has been posted for further hearing on July 10, 2025. Agarwal, who held a senior position at FIITJEE, has approached the tribunal under Section 9 of the Insolvency…
Image from page 185 of “Thackerayana;” (1875) Posted By: The Corner 16th May 2025 According to the monitoring of insolvency proceedings published in the Official State Gazette (BOE) carried out by Iberinform, the business fabric registered a year-on-year decrease of -3.5% in business insolvencies in April. For the year as a whole, they accumulate an…