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.
The NCLAT upheld the decision of the Adjudicating Authority stating that the appellants had failed to exercise due diligence on protecting their rights with the prescribed timelines.
The National Company Law Appellate Tribunal, Principal Bench, New Delhi dismissed the appeals filed under Section 61 of Insolvency and Bankruptcy Code 2016 due to failure of appellant to exercise due diligence on protecting their rights with the prescribed timelines. It was observed that an approved resolution plan cannot be reopened based on belatedly agitated claims.
The tribunal considered the reasons made by each party and maintained the Adjudicating Authority’s ruling that the Appellant’s Section 7 petition was malicious and fraudulent.
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, upheld the adjudicating authority’s ruling and dismissed a Section 7 petition under the Insolvency Bankruptcy Code (IBC), 2016, finding that the petition was submitted maliciously.
Santoshi Finlease Private Limited, the appellant, filed a Section 7 application under the IBC Code, 2016 against Mothers Prode Dairy India Pt. Ltd., the corporate debtor, for failing to repay a loan of Rs 4 crores. After interest and payment delays, the corporate debtor’s total overdue balance was Rs….
News of the deal lifted euro zone government bond yields, shares and the euro on expectation the borrowing plan would boost the wider European economy. Germany’s benchmark DAX stock index was up almost two per cent, while the mid- and small-cap indexes rose over three per cent each. The euro rose 0.5 per cent – taking its gains so far this month to five per cent.
Well, unless Kim Soo Hyun and his agency Gold Medalist sues all the parties involved and gets a full retraction and apology, its hard to believe this was all made up and nothing happened with him and now deceased young actress Kim Sae Ron. Just saying it’s all lies is not enough with so much information out there and now pictures released. Today the Youtube channel Garo Sero Institute posted a picture allegedly of Kim Soo Hyun kissing Kim Sae Ron on the cheek, and I say allegedly because it’s not authenticated but one does have eyes, and if he keeps denying everything he’s going to have to bring receipts because this is all so damning for him and must’ve been so sad and awful for her. It says the picture is…
Imagine being the finance minister of a country that has long relied on foreign aid to fund critical public services. You hear the news that your country’s most prominent donors have economic constraints and are shifting priorities. The budget you had meticulously planned, counting on aid inflows to support essential sectors, is now in question. You must quickly address funding shortfalls and reassure citizens of your country’s economic viability.
Some will view this as an opportunity for self-sufficiency; others will point out the dire socioeconomic reality that compels governments to borrow more. The retreat of global aid and programme suspensions comes when debt levels in low-income countries are already high, with fiscal…
Tesla CEO and DOGE Head, Elon Musk, criticised the current state of US spending, saying that an average citizen in the country “should be mad as hell” over the expenditure of the tax money.
In an interview with Fox News telecast on Tuesday (local time), Musk said that US President Donald Trump inherited a USD 2 trillion trade deficit. He further warned that “America will go bankrupt” if it fails to bring the deficit under control.
Criticising the USAID spending, he added, “I think the average taxpaying American should be mad as hell because their tax money is being poorly spent.”
“Well, the — the overall goal is to try to get a trillion dollars out of the deficit. And if…
Edward Koemans: “Business model was not future-proof”
On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee.
In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to the COVID years. “Just before COVID, we had invested — in anticipation of Brexit — in a logistics company with its own warehouse. When COVID hit, it became clear that many of our customers were linked to the hospitality industry, resulting in a drop in sales of 50 per cent or more in some months, which forced us to reorganize.”
Edward Koemans: “Business model was not future-proof”
On 12 March 2025, the Rotterdam District Court declared Davis Europe bankrupt, appointing Mr A.C.L. Beneder as trustee.
In a statement, CEO Edward Koemans explained that the company had experienced rapid growth prior to the COVID years. “Just before COVID, we had invested — in anticipation of Brexit — in a logistics company with its own warehouse. When COVID hit, it became clear that many of our customers were linked to the hospitality industry, resulting in a drop in sales of 50 per cent or more in some months, which forced us to reorganize.”
