Got story updates? Submit your updates here. › The collapse of a major construction firm under $21 million in debt exposes the industry’s delicate balance between financial stability and quality control.Anchorage Today The collapse of a major builder, burdened by a staggering $21 million in debts, has sent shockwaves through the industry, with creditors demanding…
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The Enforcement Directorate (ED) has seized Rs 6.3 crore in cash and jewellery worth Rs 7.5 crore following searches against a Delhi-based real estate company accused of defrauding homebuyers and currently undergoing insolvency proceedings, officials said on Saturday. The action under the Prevention of Money Laundering Act (PMLA) was launched on Friday and 10 premises…
NCLT Chennai Dismisses DBS Bank’s Lease Rent Claim Against Orchid Pharma scanx.trade Read the original article here
The Kilmarnock-based Rakkaus Furniture produced bespoke “Scandinavian-inspired” made-to-order furniture for offices and other businesses across the country since it was founded in 2017. According to recent documentation lodged with Companies House, the business’s founder and director, Christopher Arkley, agreed to wind up the company voluntarily following a sustained decline in its orders from customers, which…
In a recent ruling, the Supreme Court of India set aside a National Company Law Appellate Tribunal (NCLAT) order that had admitted an insolvency petition against GLS Films Industries Pvt. Ltd., holding that there existed a plausible pre‑existing dispute between the parties prior to the demand notice under the Insolvencyand Bankruptcy Code, 2016 (IBC). Chemical…
Major construction company plunges into administration – in business since 1953 MSN Read the original article here
Significant increase in German corporate insolvencies expected in 2026 Taylor Wessing Read the original article here
Embassy Developments has announced record pre-sales for the fourth quarter of FY26, reaching ₹2,632 crore. This surge contributed to a 128% year-on-year increase for the full fiscal year, with FY26 pre-sales hitting ₹4,631 crore. However, the company’s shares have been placed under temporary stock exchange surveillance due to recent price volatility. Trading Under Scrutiny The…
Carbon Revolution (OTC: CREVF) sets Australian administration and plans plc liquidation Stock Titan Read the original article here