The Mumbai bench of the National Company Law Tribunal (NCLT) admitted the Section 7 Insolvency and Bankruptcy Code,2016 (“I&B Code”) petition filed by the petitioner for Rs 6.49 crore, holding that the default occurred before the COVID-19 moratorium. The Tribunal rejected the limitation and Section 10A objections and appointed Mr Santanu T. Ray as Interim…
Global insolvencies to peak in 2026 amid trade shifts – Allianz Insurance Business America Read the original article here
ANI | Updated: Oct 21, 2025 20:08 IST New Delhi [India], October 21 (ANI): The Select Committee on Insolvency and Bankruptcy Code (Amendment) Bill, 2025, headed by MP Baijayant Panda, has invited views and suggestions on the Bill from experts, industry associations, organisations, and stakeholders, according to an official statement. People can send their memoranda…
By JACK GRAMENZ FOR AUSTRALIAN ASSOCIATED PRESS and CAITLIN POWELL – NEWS REPORTER Published: 00:48 AEDT, 22 October 2025 | Updated: 01:02 AEDT, 22 October 2025 Regional airline Rex has a US buyer, administrators have confirmed more than a year after the airline entered voluntary administration. An announcement on Tuesday evening revealed Air T – which…
A high-end Japanese restaurant in Melbourne has suddenly closed permanently after its parent company collapsed, owing tens of thousands of dollars. Shoya Melbourne, tucked away on Market Lane in the city’s CBD, said it was temporarily closing on September 28 for major renovations. But last week, the restaurant shared a sobering message on social media…
Allianz Trade company building pictured Unterfoehring. Andreas Gebert/dpa Corporate insolvencies are set to rise worldwide by 5% next year, which would be the fifth consecutive increase, according to a forecast by international insurance company Allianz Trade. In Germany, insolvency activity is expected to remain at 24,500 cases, representing a slight increase of 1%, making it…
Templemore based company goes into liquidation Tipp FM Read the original article here
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has admitted a plea by Lepton Software Export and Research Pvt. Ltd to initiate insolvency proceedings against BluSmart Mobility Tech Pvt. Ltd., a subsidiary of Blu-Smart Mobility Limited (parent company) which is already undergoing the Corporate Insolvency Resolution Process (CIRP) [Lepton Software Export Vs Blu Smart Mobility…
Regional Express Airlines has found a buyer after the company went into voluntary administration last July. In a statement on Tuesday evening, administrators confirmed they had entered into a sale and implementation deed with Air T, a US-based air services company. The process will result in the sale and recapitalisation of business operations, with an…
‘Stable stress’ across the North East as insolvency figures decrease but remain high Insider Media Ltd Read the original article here