Hudson’s Bay files for bankruptcy, shuts down operations
Translated by Nazia BIBI KEENOO Published June 12, 2025 … Read the original article here
Jet Airways BKC Office Up For Auction: Guess Who Is The Highest Bidder?
Bank of Baroda Tops Jet Airways BKC Auction Jet Airways office space in Mumbai’s business district, Bandra-Kurla Complex, is up for auction. Last month, a government-appointed liquidator put an entire office floor owned by the defunct aviation company to auction at a reserve price of Rs 335.24 crore. As per the report in ET, Bank…
JCT staff hail NCLT’s insolvency order, hope for its revival under new management
Workers at JCT Ltd, one of Punjab’s oldest textile manufacturers, have welcomed the National Company Law Tribunal’s (NCLT) decision to initiate the Corporate Insolvency Resolution Process (CIRP) against the debt-ridden company. The ruling, issued by the Chandigarh bench of the Tribunal on Tuesday, marks a significant shift in the company’s management and raises hopes for…
Bankruptcies up by over 30 percent in 2024
Download CSVShow datatable Number of bankruptcies of businesses and institutions (including sole proprietorships) adjusted for court sessions days 2021 January 172 2021 February 143 2021 March 165 2021 April 193 2021 May 163 2021 June 139 2021 July 125 2021 August 109 2021 September 141 2021 October 126 2021 November 183 2021 December 159 2022…
Lawrence Dallaglio is forced to sell his home for massive £600,000 less than advertised after split from wife: England legend ‘now battling to get life back on track’
Lawrence Dallaglio took some massive hits on the way to becoming a World Cup winner and one of England’s greatest rugby union players. Off the field, he’s weathered the storms of cheating, drugs and brothel party scandals as well as overcoming tragedy and adversity. But now the rugby legend is facing perhaps his greatest ever…
Brescia go bankrupt: 114-year-old Italian club – once home to Roberto Baggio, Pep Guardiola & Mario Balotelli – loses right to compete in professional leagues after failing to honour €3m debt
Storied Italian club Brescia have been banned from the country’s professional leagues after failing to honour a €3 million debt. Article continues below Article continues below Article continues below Brescia goes bankrupt under ex-Leeds owner Set to be demoted to the fourth tier Could be dissolved if no investment is undertaken Read the original article…
Auto Parts Supplier Marelli Plans Chapter 11 Bankruptcy Filing – Bloomberg
Auto Parts Supplier Marelli Plans Chapter 11 Bankruptcy Filing Bloomberg Read the original article here
NCLT Admits Insolvency Plea Against PDIL Guarantor Manohar Lal Gupta Over ₹317.83 Crore Default
NCLT admits insolvency plea against Manohar Lal Gupta, personal guarantor of PDIL, over ₹317.83 crore default | Representational Image Mumbai: The National Company Law Tribunal (NCLT), on June 10, admitted an insolvency resolution application against Manohar Lal Gupta, the personal guarantor of Parenteral Drugs (India) Limited (PDIL), for a default of Rs 317.83 crore. The…
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Q1 2025 insolvency claims activity – a word of warning for D&Os and their insurers?
The latest data on the number of winding up petitions in the Insolvency and Company Court provides insights into the recent increase in insolvencies and offers a hint as to the sectors that may be impacted most by claims against the former directors of insolvent companies. Since 2020, the number of insolvencies has…