By Alex Wittenberg · July 3, 2025, 4:24 PM EDT Changes and uncertainty in U.S. federal policy have tipped major companies into bankruptcy this year, with residential solar company Sunnova, auto-parts maker Marelli and others blaming aggressive tariffs and shifting tax… To view the full article, register now. Read the original article here
Adani gets NCLT nod to acquire HDIL’s BKC and Shahad assets via insolvency route propnewstime.com Read the original article here
Rejecting the plea for dissolution of Shakti Bhog Snacks, which is under the lens of the Enforcement Directorate (ED) with a special PMLA Court taking cognisance of the complaint filed by the probe agency, NCLT said it “would amount to judicial overreach”. Last Updated : 03 July 2025, 16:06 IST Read the original article here
Additionally, the NCLT bench noted that the dissolution of the company, when it has been listed as an accused in the prosecution complaint under provisions of the Prevention of Money Laundering Act (PMLA, 2002), would frustrate the proceedings before the Special PMLA court, which has sole authority under the Act. The NCLT was deciding the…
An error has occurred Your request was blocked by Link11 Web Application Security.If you believe this is the result of an error, contact the administrator of www.tipranks.com. ID: c36e0cbf2328dcd37e770028042617d7, IP Address: 110.232.115.214, Status Code: 471Timestamp: 2025-07-03T14:02:19.689769952+00:00 Read the original article here
Jovian Mandagie was previously married to former prime minister Ismail Sabri Yaakob’s daughter, Nina Sabrina, before their divorce in 2023. (Facebook pic) PETALING JAYA: Fashion designer Jovian Mandagie has been declared bankrupt by the High Court in Kuala Lumpur after failing to repay a friendly loan totalling RM5.28 million from a construction company. According to…
KUALA LUMPUR: Fashion designer Datuk Jovian Mandagie has been declared bankrupt by the High Court for failing to settle a RM5.28 million loan, including interest, owed to engineering firm Cekap Air Sdn Bhd. The decision was delivered by Senior Assistant Registrar Muhammad Faisal Zulkifli following a creditor’s petition filed on November 20, 2024. Cekap Air’s…
The insolvent German battery cell manufacturer CustomCells has secured a partial rescue with a new investor consortium, enabling a strategic repositioning focused on electric mobility. As reported by Handelsblatt, a takeover agreement was signed on Wednesday evening. There has been no official communication from CustomCells at the time of writing. According to financial and negotiation…
Retrack Slovakia s.r.o., a rail logistics company fully owned by VTG AG since 2021, has filed for insolvency, VTG confirmed in a statement issued on June 30 2025. The insolvency filing follows recent operational and financial challenges within the company. VTG, a leading European rail logistics provider, had acquired Retrack Slovakia in 2020 with the…
Home » General » Business » Insolvency can’t be used to frustrate ED probe against bankrupt firm: NCLT New Delhi, July 3 (SocialNews.XYZ) The National Company Law Tribunal (NCLT) has upheld the primacy of the Enforcement Directorate in dealing with proceeds of crime linked to money laundering over claims by creditors against a ‘bankrupt’ company…