Paytm Drags WinZO to the Bankruptcy Court.

Another huge court case is about to take place in the technological and the gaming industry in India where fintech giant Paytm has petitioned the court over insolvency against the popular online gaming platform WinZO. This case now pending in New Delhi before the bench of the National Company Law Tribunal (NCLT) is based on a claim that the company owes about 3.6 crores of unpaid dues. It is a grave expansion in what seems to be a huge commercial conflict between the two businesses.

The petition was filed by Paytm parent company; One97 Communications, which alleged that WinZO did not pay on time. The NCLT has also assumed the issue and given WinZO a notice to submit a formal…

The Really Local Group announced on Friday (November 7) that its company had been forced into liquidation after eight years.

Liquidation is when a company shuts down and sells its assets to repay its debts.

The Really Local Group ran two cinemas in south London – Throwley Yard in Sutton, which opened in September 2024 and Catford Mews which opened in September 2019.

Throwley Yard closed for good on Sunday (November 9), and Catford Mews shut down in October 2024.

Preston Benson, founder of the Really Local Group, said: “Ultimately it doesn’t matter how the business failed; it did, and I take full responsibility for that.

“Cinemas close every week with barely a whimper.

“Our very public challenges over…

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Fighting EX Layer’s price was recently dropped to $0.99. According to Steam Charts, Fighting EX Layer has seen more player activity than it has in years seemingly due to this.

With this resurgence, there has been renewed interest from fighting game fans about porting the game to other consoles and the implementation of crossplay features. As it stands, Fighting EX Layer is playable on the PC, PlayStation 4, Nintendo Switch and various mobile devices.

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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

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When the Insolvency and Bankruptcy Code (IBC) came into force in 2016, it was presented as a legal fix to expedite bankruptcies. It turned out to be much more: a structural reset of incentives that has rebalanced power in Indian business, revived credit markets, and crucially — altered the behaviour of promoters.

At the heart of the Code was a simple, hard-nosed idea: make default costly. Under the IBC, a default can trigger a creditor-controlled resolution process with strict timelines (the ordinary Corporate Insolvency Resolution Process is to be completed in 180 days, with a limited extension window; a fast-track regime for smaller firms runs 90 days, extendable once by 45 days). That penalty loss of control, reputational…

Fast forward five years, and sadly the industry is coming to terms with the failure of ISG: another huge contractor with a multi-billion pound turnover, employing more 2,000 people working across some of the biggest projects in the public and private sector.

But while ISG is undoubtedly the biggest name to fail since Carillion in 2019, the sector has also lost significant players such as Buckingham Group, Osborne, Henry Construction and Inland Homes recently.

Indeed, out of all industries, the construction sector accounted for 17% of corporate insolvencies in the 12 months to June 2025. It has been a consistent theme for a number of years as insolvency continues to be a major concern for the sector.

Cause and effect

There are several…

SAN FRANCISCO – One day after Marriott International
terminated its licensing agreement with Sonder, the apartment-style rental
hospitality company announced it will wind down its operation and initiate a
Chapter 7 liquidation of its U.S. business. Sonder also intends to initiate
insolvency proceedings in the international countries in which it operates.

At the same time, Sonder took a parting shot at its former
partner, Marriott, stating its integration was substantially delayed “due to
unexpected challenges in…