Insolvency Guardian Media Centre
State-owned NHAI has decided to go for a conciliation process on the financial dispute with bankrupt Jaiprakash Associates Ltd concerning Varanasi Gorakhpur road projects. In the ongoing dispute, Jaiprakash Associates has sought ₹1,461.63 crore compensation for ‘four laning of Varanasi Gorakhpur Section of NH-29 from Km 14B.000 to Km 20B. 300 in Uttar Pradesh under NHDP Phase-IV on EPC Mode.
“The company has submitted its claims amounting to Rs 1,461.63 crore on account of deployment of resources for removal of encroachment/ encumbrances within ROW, damages for delay in providing land, damages towards payment of revised minimum wages paid and…
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SHENANDOAH – A pharmacy chain with multiple locations in the Sentinel-area, and the only chain in the core of our region, is bankrupt. Again.
Rite Aid Corporation declared a second Chapter 11 bankruptcy proceeding Monday.
The ailing pharmacy chain had declared bankruptcy in 2023 and emerged from bankruptcy in September.
“For more than 60 years, Rite Aid has been a proud provider of pharmacy services and products to our loyal customers,” Matt Schroeder, Chief Executive Officer of Rite Aid, said. “While we have continued to face financial challenges, intensified by the rapidly evolving retail and healthcare landscapes in which we operate, we are encouraged by meaningful interest from a number of potential…
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A former pub owner who failed to disclose his bankruptcy when he applied for Covid support funds has been handed a suspended sentence.
Gary Wright did not inform the bank that he was bankrupt when he obtained a £25,000 Bounce Back Loan in the summer of 2020. The 46-year-old made the application on behalf of the Talbot Ale House on Duke Street in St Helens town centre, the pub he ran before his bankruptcy earlier that year.
Talbot Ale House ceased trading in September 2019, with Wright was declared bankrupt in February 2020 due to debts owed to a major utility company. Despite this, Wright applied for a £25,000 Bounce Back Loan in June 2020, claiming the turnover of the pub was £400,000.
Wright remains an undischarged…
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- Companies facing financial distress in Kenya may engage in the dispute resolution process or explore alternative dispute resolution (ADR) methods like mediation to resolve insolvency challenges without immediate liquidation.
- Directors can avoid insolvency proceedings by proactively using alternative dispute resolution strategies, protecting business relationships and avoiding public winding up petitions.
- Insolvency matters in Kenya typically proceed through court processes, though ADR remains a viable alternative.
- Independent business review plays a key role in insolvency cases, examining a company’s financial position to establish genuine distress and support effective dispute resolution.
- In insolvency situations,…
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China’s EV startup explosion was fuelled by generous subsidies, tax breaks, and easy access to local production licenses between 2015 and 2019. According to the International Energy Agency (IEA), this led to an overcrowded market of more than 500 ventures, many lacking core technology, supply chains, or scale.
From 2020 onwards, the Chinese government began phasing out its EV subsidy program. This policy shift came just as the country entered a price war, led by aggressive pricing from giants like BYD and Tesla. The combination of reduced state support and brutal price competition proved fatal for many underfunded startups.
Global barriers and European friction
Next to ‘the national challenges’, international expansion has proven…
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Former Newcastle United star declared himself bankrupt after letter ‘demanding’ £4m Chronicle Live
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2025 Update of Resource Adequacy of the Poverty Reduction and Growth Trust, Resilience and Sustainability Trust, and Debt Relief Trusts International Monetary Fund
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally” (This will use…
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By MS Sahoo
In a landmark judgment dated 2nd May 2025, the Supreme Court of India disposed of an appeal filed in 2020 concerning the resolution of Bhushan Power and Steel Ltd. (BPSL). The judgment is detailed, incisive, and beyond reproach by any legal standard. It lays bare a series of grave illegalities and lapses, some deliberate and collusive, in the approval and implementation of the company’s resolution plan.
Considering the illegalities, the Court set aside the resolution plan approved by the Committee of Creditors (CoC) and the National Company Law Tribunal (NCLT) in 2019, subsequently affirmed by the National Company Law Appellate Tribunal (NCLAT). Invoking its extraordinary powers under Article 142 of the Constitution, the…
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Aussie booze giant collapses owing over $13m The Cairns Post
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Banxso played ‘psychological games’ with vulnerable clients, say lawyers in liquidation bid News24