Gangotri Textiles Ltd admitted into Corporate Insolvency Resolution Process by NCLT

Gangotri Textiles Ltd has been admitted into Corporate Insolvency Resolution Process (CIRP) by the NCLT, Chennai. The Board of Directors is suspended, and an Interim Resolution Professional (IRP) now manages the company. This marks a significant governance shift for shareholders. Gangotri Textiles Ltd’s board of directors has been suspended and the company admitted into the…

China’s onetime richest man has lost everything but creditors are still owed $300 billion

Chinese authorities are moving to finish cleaning up the mess left by the collapse of the Evergrande real estate empire, years after its default with some $300 billion in liabilities. A court in southern China’s Guangzhou said Friday it had accepted a bankruptcy liquidation case against Evergrande’s mainland Chinese property development unit, which according to industry data accounted for much of…

Bleichroeder Acquisition Corp. II Revises CEO Advisory Services Contract with MJP Advisory Group LLC

On August 21, 2026, Bleichroeder Acquisition Corp. II filed a Form 8-K announcing an amended and restated advisory services agreement with MJP Advisory Group LLC, affiliated with CEO and COO Marcello Padula, effective August 19, 2026. Key Highlights Revised agreement: The company executed an amended and restated advisory services agreement with MJP Advisory Group LLC…