Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Nearly a decade after the Insolvency and Bankruptcy Code (IBC) transformed India’s creditor-debtor landscape, attention is shifting from statutory design
New Zealand’s government has confirmed that online casinos operating under the country’s upcoming licensing regime will be prohibited from accepting customer
The National Company Law Tribunal (NCLT) at Chandigarh has recently held that electricity is essential to the functioning of a hotel and must continue during insolvency proceedings. The tribunal restrained the Chandigarh Electricity Department from disconnecting power supply to a hotel undergoing the Corporate Insolvency Resolution Process.A bench of Judicial Member Khetrabasi Biswal…
Nearly a decade after the Insolvency and Bankruptcy Code (IBC) transformed India’s creditor-debtor landscape, attention is shifting from statutory design to institutional capacity. While the Code altered lending behaviour, recovery expectations, and the culture of corporate distress resolution, its effectiveness is now being constrained by the forum that administers it — the National Company Law Tribunal (NCLT). The question confronting policymakers is no longer whether the IBC is sound in principle, but whether the current adjudicatory architecture can deliver on its promise of speed and certainty.
How the NCLT’s dual mandate took shape
The National Company Law Tribunal was originally envisaged under the Companies Act, 2013 as a…
New Zealand’s government has confirmed that online casinos operating under the country’s upcoming licensing regime will be prohibited from accepting customer funds via credit cards. The restriction forms part of the Online Casino Bill, legislation intended to legalise and regulate online casino gambling while embedding consumer protection measures into the market from its launch.
Consumer Debt Concerns Drive Payment Rules
Internal Affairs Minister Brooke van Velden said Cabinet had agreed to the payment restriction during the drafting of regulations that will sit alongside the bill. The ban had not been publicly signalled before, yet it has emerged as one of the most substantial changes designed to secure broader…
Plant nursery Jongerius has now officially been declared bankrupt. The largely organic nursery, which played a key role within Dutch organic horticulture, suddenly announced on 31 October that it would cease operations. In the weeks that followed, uncertainty reigned for employees, growers and customers alike. Both a possible restart and bankruptcy were still on the table.
Jan Groen, chairman of sector organisation Bionext, heard the news of the bankruptcy ruling from operations director Gertjan Lekkerkerker. “He sent me a message yesterday morning saying that the bankruptcy had been declared and that a trustee would be appointed. Later that day I saw confirmation of this.”
TEMPO.CO, Jakarta – Susi Air airline is being sued for bankruptcy by its former employee regarding the fulfillment of severance pay. Fadila, a former employee, filed the lawsuit at the Central Jakarta Commercial Court on December 24, 2025.
This case is recorded with Case Number 73/Pdt.Sus-Pailit/2025/PN.Niaga.Jkt.Pst. Fadila’s legal representative, Zentoni, stated that the bankruptcy lawsuit was filed because Susi Air has not paid the severance and other normative rights.
Zentoni mentioned that his client had been affected by layoffs since 2017. The industrial relations dispute then escalated to the level of the cassation. The Supreme Court issued a decision on October 9, 2025, which obliged Susi Air to pay severance and other…
A UK travel company has collapsed into liquidation after running for 55 years.
Ickenham Travel Group ceased trading as an Atol holder on November 20, the Civil Aviation Authority announced.
On the CAA’s Atol failures page, it said the company – which is based in London – traded under the names Abu Dhabi Holidays, Ras Al Khaimah Holidays and Letsgo2.
It also functioned under the websites www.ickenhamtravel.co.uk, www.letsgo2.com, www.rasalkhaimahholidays.com, www.abudhabiholidays.co.uk, www.jaresortholidays.com,…
Borosil Renewables Limited has informed the stock exchanges about the start of a voluntary insolvency process for its wholly owned subsidiary in Germany, Geosphere Glassworks GmbH. The company shared that the insolvency application was filed by Geosphere’s Managing Director on December 22, 2025, before the insolvency court in Cottbus, Germany. Borosil Renewables received formal intimation of this development on the afternoon of December 23, 2025, and disclosed the information in line with SEBI Listing Regulations.
This step comes in the backdrop of the ongoing insolvency proceedings of GMB Glasmanufaktur Brandenburg GmbH, which is a step-down subsidiary of Borosil…
