Ishita Sharan, legal head of the NARCL, India’s ‘bad bank’, sheds light on mounting insolvency challenges and the critical role of the bank in tackling stressed assets. Indrajit Basu reports The report also indicates that 1,983 bankruptcy cases remain active within the corporate insolvency resolution process (CIRP) framework. After creditors assess the recovery potential and…
QUANTRON explores opportunities to successfully continue business operations Provisional insolvency administrator examines chances of continuing business operations of Quantron AG QUANTRON explores opportunities to successfully continue business operations Preliminary insolvency proceedings launched to continue Quantron AG operations with BBL Brockdorff receiving mandate to structure further business activities Denis Muratov becomes Chairman of the Supervisory Board…
Bankruptcy is a legal process that allows individuals and businesses to resolve outstanding debts owed to creditors while offering them some protection during the process. There are restrictions on the types of bankruptcy you’re allowed to file. How you file depends on whether you are an individual or a business, your level of income, and…
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021. David Paul Morris | Bloomberg | Getty Images DNA testing has become a valuable tool for hobbyists and novice genealogists. For some, learning they are the 10th cousin of Paul Revere or the 15th great nephew four times removed of the last…
The Dutch fashion chain Gerry Weber has been declared bankrupt by the court in Amsterdam on April 2, 2025, marking a significant downturn for the company that has been facing financial difficulties for some time. The bankruptcy comes after the company had already requested a suspension of payments earlier this week, indicating the severity of…
Stockholm | Battery cell maker Northvolt has filed for bankruptcy in Sweden, the company said on Wednesday, marking one of the country’s largest corporate failures and effectively ending Europe’s best hope of developing a rival to challenge China. The Swedish company has received more than $US10 billion ($15 billion) in equity, debt and public financing…
By Vince Sullivan · April 2, 2025, 4:51 PM EDT The former national phone company of Peru, advised by lawyers from White & Case LLP, is navigating a Chapter 15 case in Texas to obtain recognition of its Peruvian insolvency proceedings, which… To view the full article, register now. Read the original article here
The company behind Bower Place shopping centre’s Sunterra Market has filed notice for protection under bankruptcy and insolvency laws to give it time for financial restructuring. Sunterra Farms Ltd., Sunterra Food Corp., Sunterra Quality Food Markets Inc., Sunwold Farms Ltd. and Trochu Meat Processors all filed notice on March 24 to creditors that they were…
The company behind Bower Place shopping centre’s Sunterra Market has filed notice for protection under bankruptcy and insolvency laws to give it time for financial restructuring. Sunterra Farms Ltd., Sunterra Food Corp., Sunterra Quality Food Markets Inc., Sunwold Farms Ltd. and Trochu Meat Processors all filed notice on March 24 to creditors that they were…
Billboard Women in Music 2025 Village Roadshow Entertainment Group, the renowned film producer and financier that has backed “The Matrix,” “Ocean’s Eleven,” “Joker” and “The Lego Movie” franchises, has filed for bankruptcy protection in the U.S. The U.S. company filed for Chapter 11 in Delaware on Monday, with $223.8 million in asset-backed secured notes and…