Business insolvencies are on the rise

TLDR Expanding your customer base can help hedge against market trends and challenges. Leveraging free business tools and the advice of an expert can help you stay ahead of issues and remain financially resilient.   Ever wondered why some businesses get off the ground easily, moving from start-up to thriving within a couple of years…

NCLAT dismisses insolvency plea against PepsiCo India- The Week

New Delhi, May 12 (PTI) The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding.     The appellate insolvency tribunal has upheld the earlier order passed by the Chandigarh bench of the National Company Law Tribunal (NCLT),…

Gensol Faces Insolvency Proceedings Over ₹510 Crore Default to IREDA

Indian green energy financier IREDA files bankruptcy petition against Gensol Engineering over a ₹510 crore loan default amid fund misuse allegations. IREDA Files Bankruptcy Plea Against GensolIn a formal application submitted on 14 May 2025, IREDA sought to initiate corporate insolvency resolution proceedings against Gensol Engineering under Section 7 of India’s Insolvency and Bankruptcy Code…