Insolvency Guardian Media Centre
Personal insolvencies jumped by 14% annually in 2024 across England and Wales Evening Standard
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December insolvencies down by a quarter year-on-year Insider.co.uk
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Data breaches and ransomware attacks in the US are increasing companies’ risk of financial losses, in many cases dragging them into bankruptcy or putting them out of business altogether.
Data breaches cost companies across the world on average about $4.9 million, and nearly double that amount in the US, according to a 2024 study by IBM. Costs can differ based on a number of factors, including regulatory compliance requirements, sensitivity or complexity of the data involved, and subsequent litigation.
The International Monetary Fund warned last year that cyberattacks have more than doubled since the onset of the pandemic, increasing the …
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The NCLT bench, consisting of Judicial Member Mahendra Khandelwal and Technical Member Dr. Sanjeev Ranjan, confirmed the decision, saying, “Liquidation is ordered.”
Go First filed a voluntary plea for admission to the Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code (IBC) on May 2, 2023. The NCLT admitted the plea on May 10, appointing a Resolution Professional (RP) to manage the airline’s operations. Following this, the airline’s lessors appealed to the National Company Law Appellate Tribunal…
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National Company Law Tribunal, New Delhi: In an application file seeking initiation of liquidation proceeding of Go Airlines (India) Limited under Section 33(2) of Insolvency and Bankruptcy Code, 2016 (IBC) based on CoC resolution, a Division bench of Mahendra Khandelwal* (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member), allowed the liquidation of Go Airlines (India) Limited (Corporate Debtor).
In the instant matter, the Corporate Insolvency Resolution Process (CIRP) for Go Airlines (India) Limited (Corporate Debtor) was initiated on 10-05-2023 under Section 10 of IBC. Initially, an Interim Resolution Professional (IRP) was appointed but later replaced by current Resolution Professional (RP) on 15-06-2023.
The Committee of…
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(The Center Square) − Louisiana’s gambling industry wrapped up December with mixed performance across its various gaming sectors, according to the latest data from the Louisiana State Police.
Video gaming devices generated $63.7 million in net device revenue in December, up 1.5% from the same month last year. Truck stops, the largest contributors to video gaming device revenue, brought in $47.1 million, a 1.4% year-over-year increase.
Bars also saw a 4.7% growth, with revenue reaching $9.46 million. However, hotels experienced a sharp decline, with revenue dropping 11.2% compared to last December, reflecting…
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Invoice lending firm Procuret enters voluntary administration The Australian
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The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, marking a dramatic end to the airline’s 17-year legacy in the Indian aviation industry. The decision follows the airline’s prolonged financial struggles, which led to the suspension of its operations nearly three years ago. In May 2023, Go First filed for insolvency, citing severe financial distress, and subsequently entered into an insolvency resolution process that ultimately failed to find a sustainable solution.
A 17-year legacy of Service
Go First, formerly known as Go Air, had…