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 Insolvency and Bankruptcy Board of India (IBBI) issued Notification No. IBBI/2025-26/GN/REG130 dated October 14, 2025, introducing the Insolvency and
Joey Essex Management Ltd has been forced into liquidation after failing to pay huge debts of £1.2m, mostly due to the taxman, and now accountants are looking into the company director
18:05, 18 Oct 2025Updated 18:07, 18 Oct 2025
Joey Essex is in debt, according to documents seen by The Mirror
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Punj Lloyd Ltd. ( (IN:PUNJLLOYD) ) has provided an announcement.
Punj Lloyd Limited, currently undergoing a Corporate Insolvency Resolution Process, has announced that Adani Infra (India) Limited has been declared the successful bidder for the acquisition of the company on a going concern basis. This development follows the conclusion of the 14th round of e-auction under the Insolvency and Bankruptcy Code, 2016, and the subsequent approval through e-voting by the Stakeholders Consultation Committee. The acquisition by Adani Infra is a…
The administrators now have control of TSI and are looking into options for a sale or recapitalisation while the business continues to operate as normal.
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Hi-Tech Gears Limited ( (IN:HITECHGEAR) ) is now available.
Hi-Tech Gears Limited has announced updates regarding its ongoing Corporate Insolvency Resolution Process (CIRP). The National Company Law Appellate Tribunal (NCLAT) has extended the interim stay on the CIRP, initially granted in September 2024, due to a delay in proceedings. The next hearing is scheduled for December 16, 2025. This development may impact the company’s operational stability and stakeholder confidence as the resolution process remains in…
The National Company Law Tribunal (NCLT) Kochi bench admitted the insolvency petition by Kotak Mahindra Bank against Inditrade Business Consultants Limited, holding that when a financial creditor establishes the existence of financial debt and default with supporting documents, the Adjudicating Authority is bound to admit the Section 7 petition despite disputes regarding pledged collateral, particularly when contractual risk allocation places the burden of loss on the pledgor.
Kotak Mahindra Bank Limited filed a petition under Section 7 of the IBC, seeking initiation of Corporate Insolvency Resolution Process against Inditrade Business Consultants Limited for a claimed default of Rs. 6,67,07,194.21 as of June 2, 2025….
The Insolvency and Bankruptcy Board of India (IBBI) issued Notification No. IBBI/2025-26/GN/REG130 dated October 14, 2025, introducing the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025. The new regulations took effect immediately upon publication in the Official Gazette.
Main Amendments
(a) Omission of Regulation 39C:
The amendment omits Regulation 39C of the CIRP Regulations, 2016. This regulation earlier dealt with the process of inviting resolution plans and managing distributions when liquidation followed due to non-approval of a resolution plan. Its…
In a recent ruling, the Orissa High Court observed that directors of a company cannot escape criminal liability for cheque dishonour merely because the company has been declared insolvent.
Syed Najam Ahmed, the petitioner and Managing Director of Zenith Mining Private Limited, filed a petition before the High Court challenging the order of the JMFC (LR), Bhubaneswar, which had rejected his plea for discharge in a complaint filed under Section 138 of the Negotiable Instruments Act, 1881.
The complaint had been filed by Dewy Developers Private Limited, which alleged that the petitioner’s company had taken a friendly loan of Rs. 1 crore but failed to repay it. A cheque issued towards repayment was dishonoured twice…
1.3 billion baht for the suburban Red Line (Bang Sue–Rangsit section), and
1.2 billion baht for the double-track railway (Khon Kaen–Nong Khai section).
In addition, the government plans to borrow 113.52 billion baht to manage the Treasury’s cash flow, in accordance with Sections 20(1/1) and 21/1 of the Public Debt Management Act,2015 and its amendments.
In addition, the plan includes new domestic borrowing by state enterprises totalling 89.95 billion baht across 16 state enterprises.
Investment loans – 39.81 billion baht
Eleven state enterprises will borrow a combined 39.81 billion baht to finance development projects, consisting of:
2.59 billion baht in government-guaranteed loans, and
COUNTY. COMMUNITY SUPPORT AND A NEW CONDITIONAL PLAN FROM THE COUNTY ARE HELPING CHIP AWAY AT WINSTON-SALEM FORSYTH COUNTY SCHOOLS ENORMOUS DEBT. MONDAY, COUNTY COMMISSIONERS APPROVED A DOLLAR FOR DOLLAR DEBT FORGIVENESS PLAN UP TO 5 MILLION BUCKS, MEANING EVERY DOLLAR THE DISTRICT RAISES. IT RAISES $1 FROM WHAT THE DISTRICT OWES TO COUNTY COMMISSIONERS. TODAY, INTERIM SCHOOL SUPERINTENDENT KATHY MOORE SAID THE DISTRICT IS ONE STEP CLOSER TO PAYING DOWN THAT DEBT. TWIN CITY DEVELOPMENT CORPORATION HAS PLEDGED 400 GRAND TO HELP WITH THIS EFFORT. ADDITIONALLY, THE WINSTON-SALEM DASH WILL HOST A FREE SCREENING OF WICKED PART ONE, CONTRIBUTING $1 P
