*This content was translated by AI. /Photo=JTBC An insolvency specialist lawyer expressed his views on why, among the five Central Group companies that filed for corporate rehabilitation, only JTBC jointly applied for the voluntary restructuring support (ARS) program. Lawyer Lee Min-gyu (CEO) of Hansu Law Firm (insolvency specialist) said on the 1st, “The unique characteristic…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Key Highlights Dutch prosecutors want Knaken declared bankrupt to protect about 30,000 customers who can no longer access their crypto funds. Knaken allegedly operated without the required MiCA license, and authorities are concerned that the company is not handling its shutdown in an orderly way. A separate criminal investigation is underway as Europe tightens crypto…
NCLAT sets aside insolvency against Vikram Solar, as debt below Rs 1-cr threshold New Delhi, Appellate tribunal NCLAT has set aside an NCLT order directing the initiation of insolvency proceedings against Vikram Solar, noting that the operational debt involved was below the minimum threshold of Rs 1 crore prescribed under the Insolvency and Bankruptcy Code…
While the collapse of Spirit Airlines at the start of May continues to dominate headlines as the most high-profile airline shutdown of 2026, a number of other small airlines around the world have also seen their finances fall to the point of having to file for bankruptcy and cease operations. Mexican holiday carrier Magnicharters also filed…
Vikram Solar secured relief after the National Company Law Appellate Tribunal (NCLAT) set aside the National Company Law Tribunal (NCLT) order admitting an insolvency application over an operational creditor’s alleged INR 9.44 crore claim. June 30, 2026. By EI News Network The National Company Law Appellate Tribunal (NCLAT) has set aside the order admitting the…
GERMANY – Refresco has agreed to acquire the business operations of insolvent German mineral water and soft drinks producer Rhenser Mineralbrunnen, strengthening its production capacity and brand portfolio in Germany. The agreement was reached with the company’s provisional insolvency administrator and Managing Director Holger Sieck and has received approval from the creditors’ committee. In a statement, Refresco said the…
Another airline files for bankruptcy protection, cancels all flights thestreet.com Read the original article here
Quick Read TG Jones faces potential insolvency after a court delayed its restructuring plan. The delay impacts 480 stores and puts 5,000 jobs at risk. The firm struggled to meet millions in payment obligations due this week. TG Jones, the retailer that formerly operated the high-street business of WH Smith, is facing the immediate threat…
No.8 London enters insolvency Televisual Read the original article here