Madhvani Group’s INSCO takes full control of HNGIL after IBC resolution – Moneycontrol
Madhvani Group’s INSCO takes full control of HNGIL after IBC resolution Moneycontrol Read the original article here
JSW vs Bhushan Power & Steel: SC overturns own ruling
New Delhi: The Supreme Court Friday upheld the resolution plan of JSW Steel Limited to acquire Bhushan Power and Steel Limited (BPSL), as it allowed a batch of review petitions that had questioned its earlier order to liquidate the company. A bench of Chief Justice of India B.R. Gavai and Justices S.C. Sharma and K.…
Supreme Court does U-turn, validates JSW takeover of Bhushan Steel | India News
NEW DELHI: In a decision that could have a salutary bearing on the Insolvency and Bankruptcy Code (IBC), Supreme Court on Friday reversed its eyebrow-raising May 2 verdict, directing liquidation of bankrupt Bhushan Power and Steel Limited, to put back in place the National Company Law Appellate Tribunal’s Feb 2020 decision to allow Sajjan-Jindal-led JSW…
Visa Steel exits insolvency as NCLT allows withdrawal of CIRP
In a significant turnaround, Visa Steel Limited has successfully exited the Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal (NCLT), Cuttack Bench, permitted the withdrawal of the insolvency application against the company. The order, dated September 26, 2025, closes a prolonged legal battle that had cast uncertainty over the steelmaker’s future. The…
Liquidation of debt-ridden firm last option under Insolvency and Bankruptcy Code SC- The Week
New Delhi, Sep 26 (PTI) Ordering liquidation of a debt-ridden company under the Insolvency and Bankruptcy Code has to be the last option, the Supreme Court said on Friday while upholding JSW Steel’s resolution plan for the ailing Bhushan Power and Steel Limited (BPSL). The top court also held that interfering with the commercial wisdom…
YT Industries Lays Off Most Staff as Markus Flossmann Attempts to Buy Back the Brand – Pinkbike
YT Industries Lays Off Most Staff as Markus Flossmann Attempts to Buy Back the Brand Pinkbike Read the original article here
YT Industries enters insolvency as CEO prepares to relaunch brand after buying it back
YT Industries has suspended most of its operations and released the majority of its employees as the German mountain bike brand undergoes insolvency proceedings, CEO and founder, Markus Flossman confirmed in a statement. The company entered into self-administration in July after its main shareholder, a private equity investor, announced it would no longer finance the…
Publishers Clearing House Goes Bankrupt, Sweepstakes Winners No Longer Receiving Yearly Checks – National Enquirer
Publishers Clearing House Goes Bankrupt, Sweepstakes Winners No Longer Receiving Yearly Checks National Enquirer Read the original article here
Major St. Petersburg banana importer declared bankrupt
Major St. Petersburg banana importer declared bankruptcy. The Arbitration Court of St. Petersburg and the Leningrad region has declared LLC Troya Import insolvent. The company, once one of the city’s largest importers of bananas and other fruits with multi-billion-ruble revenues, has been placed under bankruptcy proceedings. The court-appointed administrator, Andrey Enkov, must submit a…