In a significant development in the corporate insolvency proceedings of Jagatjit Cotton Textile Mills (JCT) Ltd, Insolvency professional Hasti Mal Kachhara officially assumed charge of the company’s affairs on Friday at its Phagwara premises. Advertisement Appointed by the National Company Law Tribunal (NCLT), Mr. Kachhara arrived with his resolution team, marking the formal start of…
The Corporate Insolvency Act No. 9 of 2017 (“the Act”) is Zambia’s first stand-alone insolvency legislation. It establishes a regulatory scheme for insolvency practitioners who are required to be licensed by the Patents and Companies Registration Agency (PACRA). The Act provides for various insolvency procedures, such as administration, receivership, liquidation, and schemes of arrangement. It…
SINGAPORE – TikTokers advertising themselves as debt consultants are charging debtors thousands of dollars to exploit a government bankruptcy avoidance scheme. Checks by The Straits Times showed that there are at least a dozen such consultants on the social media platform. One consultant said that for a fee, he can guide debtors through the Debt…
Aamir Khan comes from a family with a Bollywood legacy. His uncle, Nasir Hussain, was a popular film director who made the films, Yaadon Ki Baraat and Qayamat Se Qayamat Tak. The first was Aamir’s debut film as a child artist, and the latter marked his debut as a lead. However, most people are unaware of his father and film…
The Marelli Corp. headquarters in Saitama, Japan. (Kiyoshi Ota/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Marelli Holdings Co., the long-struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, filed bankruptcy in the U.S., saying its latest debt-cutting effort was prompted by tariffs. The insolvency case is…
Updated Jun 14, 2025 07:54 IST Gensol Engineering, Gensol EV to face insolvency proceedings; know what NCLT said (Pic: Shutterstock/ ET NOW) Gensol Engineering , Gensol EV Insolvency : The National Company Law Tribunal ( NCLT ) has directed to initiate insolvency proceedings against Gensol Engineering and Gensol EV Lease. The order came after NCLT…
England legend Trevor Sinclair bankrupt after ‘burying head in sand’ over £36k debt Daily Star Read the original article here
The Social Security Administration has not announced any official confirmations about the SSA will be bankrupt so the rumors have also surfaced of it. The beneficiaries can also wait for the official confirmations because the Social Security has already announced about the benefits which will be increased up to 79% by 2033. Minimum of 83%…
Administrators for Australia’s largest specialty fashion group, Mosaic Brands, have issued a preliminary finding that the company may have been operating while insolvent, four years before the company’s collapse. Mosaic Brands entered administration last year and owes a total of between $361 million to $392 million to creditors in Australia and overseas. Insolvency is when…
Upstox Securities Pvt. Ltd.: SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | CDSL Reg No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | Compliance Officer: Mr. Kapil Jaikalyani. Tel No.: (022) 24229920. Email ID: [email protected] | Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001 |…