Credit card debt has become a source of financial strain for millions of Americans, especially as interest rates have remained at or near multi-decade highs throughout 2025. Right now, for example, average credit card APRs sit above 22%, which means every month of carrying a balance exacts a much higher cost than it did just a few years ago. And, the pressure that adds is especially acute now, with serious…

Mumbai, Nov 19: A complaint has been filed by Nikhil Chaturvedi, former Director of Provogue India Ltd., alleging a massive financial fraud during the company’s insolvency and liquidation proceedings during 25 September 2018 to 25 April 2023.

FIR Registered Against Five Accused

As per Complaint, Amboli Police have been registered an FIR against Amit Gupta, Samir Khandelwal, Rakesh Rawat, Arpit Khandelwal and Plutus Investment and Holding Pvt. Ltd. Under various sections of IPC.

Allegation of Undervaluation and Loss to Company

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A media company run by TV presenter Holly Willoughby has survived the latest round of a tax battle with HMRC.

Roxy Media was facing a winding-up petition in the Insolvency and Companies Court over a tax…

A gambling addict who claimed he had agreed to store thousands of pounds of cannabis and cash at his Edinburgh home in exchange for payment has escaped a jail term

Xiaochun Yao was found with more than a kilo of the Class B drug all with bundles of cash amounting to more than £20,000 when police raided his Edinburgh home in 2023.

Yao, 41, said he had agreed to hold the cannabis and the money for a pal to help pay of his mounting debts due to gambling that had cost him his marriage.

Prosecutor Cheryl Porter told Edinburgh Sheriff Court police officers arrived at Yao’s home in the Gilmerton area of capital and entered through “an unlocked front door” on September 6, 2023.

The court heard Yao was in bed with his partner at the time and…

Adani Enterprises Ltd (AEL), the flagship firm of Gautam Adani, has secured creditor approval for its Rs 14,535 crore bid to acquire the bankrupt Jaiprakash Associates (JAL). The Adani Group company outbid Vedanta and Dalmia Bharat in the race for the infrastructure group.

“This is to inform that the Committee of Creditors (CoC) of JAL, a company undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016 (IBC) has approved the Resolution Plan submitted by Adani Enterprises Limited (“AEL”). In this regard, AEL has received a Letter of Intent (LOI) from the Resolution Professional (RP) on November 19, 2025 at 3:05 p.m.,” AEL said in a stock exchange filing on Wednesday.

Adani got the maximum…

Mumbai, Nov 19: The National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Canara Bank against Karanja Terminal & Logistics Private Limited (KTPL), thereby commencing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. The tribunal has thus appointed Vijay Pitambar Lulla, an Insolvency Professional, in the case.

Tribunal Confirms Default Above Statutory Threshold

The commission, in its order, held, “In view of the foregoing findings, analysis and discussions,…

From unwavering leadership to billion-dollar bankruptcy: Understanding the collapse of Oi.

A Brazil’s largest operator went bankrupt. In a conclusion that brings to a close one of the longest and most turbulent attempts at judicial recovery in the country. The trajectory of the Oi group is a complex case study, marked by ambition, power, and a monumental financial collapse. From absolute leader in the telecommunications sector to symbol of one of the Biggest corporate bankruptcies in Brazilian history, the company that has already been valued at more than BRL 21 billion It plunged into debt, faced two bankruptcy proceedings, and now has its bankruptcy declared by the court from Rio de Janeiro.

The final…