Consumers spent all of 2025 shouting about the affordability of products and services, but prices have continued to rise. That means folks have to make hard choices about when and where they can afford to go out to eat. If you want to stretch your restaurant budget, this can only go so far, and this…
Chennai : The latest controversy involving Essel Group chairman Subhash Chandra has brought out the discrepancies in the Insolvency and Bankruptcy Code (IBC). The creditors have to take close to 70 per cent haircut on their claims, proceedings prolong for more than double the prescribed timeline and by then most distressed companies lose their value.…
Rapido has approached the National Company Law Tribunal (NCLT) against hyperlocal e-commerce company Magicpin over alleged unpaid operational dues of close to ₹10 crore, Business Standard reported. The insolvency application was filed by Roppen Transportation Services Private Limited, the entity that operates Rapido, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The…
Mobility platform Rapido has filed an insolvency petition at the National Company Law Tribunal (NCLT) against hyperlocal e-commerce platform Magicpin. Consequently, the Chandigarh Bench of the NCLT issued a notice to Magicpin, asking the company to file its response. The dispute centres on operational dues claimed by Rapido. However, the tribunal has not yet…
Saturday, September 19, 2026 • 3 min read The High Court of Kenya at Milimani Law Courts in Nairobi, where bankruptcy orders were issued against heirs of the late Cabinet minister John Joseph Kamotho | … Read the original article here
DBG Leasing seeks reclassification of 4.44% stake in Rathi Steel scanx.trade Read the original article here
Add APD as a preferred Google source for free. Stay informed with the latest current news. Activate now The Girona-based startup Weyeboo Business Travel has entered terminal insolvency proceedings four years after its creation, a liquidation that Commercial Court number two of Girona has ordered upon verifying that no assets remain. The company was founded…
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The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has announced plans for its Annual International Insolvency Conference 2026, scheduled to hold 24th and 25th September 2026, in Lagos. The conference, themed ‘Building an Insolvency Architecture for a New World Order’, is expected to bring together insolvency practitioners, regulators, policymakers, judges, legal professionals, financial…
Business insolvency practitioners are engaging the Bank of Ghana on measures to enable distressed but viable companies undergoing restructuring to access fresh working capital. This is being led by the Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP), which says the lack of post-commencement financing remains one of the major obstacles to successfully rescuing distressed…