NCLT admits Paytm insolvency plea against Ludo Empire maker

It rejected the gaming‑law defence as well, emphasising that Fazben’s default was from January 7, 2025, whereas the Online Gaming Regulation Act was passed only in August 2025 and operated prospectively.  “The operational debt claimed in the present petition had already become due and crystallised prior to the enactment of the said legislation,” the Bench…

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Schwebel Baking Company shutting down after 120 years

Schwebel’s, which sells bread at grocery stores across western Pennsylvania, is closing after 120 years. Citing years of “significant operational and financial constraints,” Youngstown-based Schwebel Baking Company announced in a press release that it has no other option but to wind down operations and pursue a formal liquidation in the coming weeks.  Schwebel’s said it…