In February, it was announced that Alpha, the largest chain of Christian bookshops in Germany, was going bankrupt. However, most of the establishments and dozens of jobs seem to have been saved. As announced by the lawyer in charge of the case, Francke-Buch, another Christian bookshop chain, took over the operations of 11 of the…
More Polish firms are opting for restructuring rather than bankruptcy, according to data from the Central Economic Information Centre. In the first half of 2025, courts declared 207 bankruptcies, a slight decrease from 2024. In contrast, 2,610 restructuring proceedings were initiated, a…
India’s urban economy relies heavily on them. Delivery riders weave through traffic, couriers move parcels and drivers ferry passengers, all on behalf of digital platforms that call them ‘partners,’ yet treat them as anything but. If a platform collapses, gig workers may discover that their place in the insolvency queue is right at the end,…
The National Company Law Tribunal (NCLT), an ambitious project of the Ministry of Corporate Affairs (MCA) under the leadership of the Hon’ble Prime Minister, is one of the most important forums for the adjudication of disputes under the Companies Act, 2013, and resolution of corporate debt issues under the Insolvency and Bankruptcy Code, 2016. During…
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The National Company Law Tribunal (NCLT), Cuttack Bench, has admitted liquor manufacturer Fortune Spirit Limited into the Corporate Insolvency Resolution Process (CIRP) on a petition filed by IDBI Bank to recover dues of over ₹18.5 crore. The bench of Member Technical Banwari Lal Meena and Member Judicial Deep Chandra Joshi appointed Mr. Sambhulal Agarwal as…
NTC Global Trade was placed in provisional liquidation last week by Judge Sulet Potterill of the Pretoria High Court, just days after Kurt Knoop resigned as business rescue practitioner (BRP) of the firm, citing death threats. The court ruling also came shortly after Knoop’s colleague and attorney, Bouwer van Niekerk, was gunned down by assassins…
A gold trading business owned by a controversial local government figure has been put into insolvency, and liquidators are warning it doesn’t have enough gold and silver bullion to cover debts. Liquidators were appointed to Guardians of Gold Limited in late August by its director and owner Andrew Hollis, due to concerns about its ongoing…
The bourbon industry, long considered one of America’s most resilient markets, is facing a sobering reality: bankruptcies are sweeping through distilleries as demand falters and international trade challenges mount. In just the past few months, three prominent bourbon makers have filed for bankruptcy protection, while others in the spirits industry have shuttered their doors entirely.…