On September 29, the Criminal Police Division of Da Nang Police, together with the Immigration Department and local authorities in Thang An commune, uncovered a case suspected of “kidnapping for ransom” at a guesthouse in Ha Binh village.

Initial investigation showed that on September 24, Zhang Kai (born 1996, Chinese national) went to a casino in Da Nang, where he borrowed 200,000 yuan (about USD 29,000) from He Kai (born 1979).

After losing all the money, Zhang Kai was overpowered by He Kai and two others, Wang Jun (born 1995) and Wang Shao Bo (born 1985). The group took him to a guesthouse in Thang An commune, where they forced him to call his mother and girlfriend in China, demanding they send money to settle the debt before he…

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Beyond Meat Inc. (NASDAQ: BYND) shares are experiencing a dramatic collapse, plunging 58% in premarket trading to $1.19 per share following the announcement of a major debt restructuring initiative. The plant-based meat company launched an exchange offer on September 29, 2025, aimed at eliminating over $800 million of its existing convertible debt, but the proposal comes at a steep cost to existing shareholders. With approximately 47% of convertible noteholders already agreeing to the exchange, the deal would significantly dilute current equity holders while providing…

PARIS, September 29, 2025–(BUSINESS WIRE)–Regulatory News:

CARMAT (FR0010907956, ALCAR), designer and developer of the world’s most advanced total artificial heart, aiming to provide a therapeutic alternative for people suffering from advanced biventricular heart failure (the “Company” or “CARMAT“), today provides an update on the ongoing receivership procedure.

Update on the ongoing receivership procedure

Following a call for public tenders (buyers or investors) initiated as part of the receivership opened on July 1, 2025, by the Versailles Economic Court¹ (the “Court”), the judiciary administrator had received, on July 31, 2025, one takeover bid within the context of a sales plan (the “Bid”)², submitted by…

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Paying off debt can feel a lot like a balancing act that you can’t quite get right. On one hand, it makes sense to try and chip away at what you owe as quickly as possible. On the other hand, life doesn’t hit pause just because you need to focus on your credit card and loan balances. Emergencies still pop up, bills keep coming and unexpected expenses find their way into the mix. That…

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An update from JBF Industries Limited ( (IN:JBFIND) ) is now available.

JBF Industries Limited is undergoing a Corporate Insolvency Resolution Process (CIRP), and a Resolution Plan has been received by the Resolution Professional. A meeting of the Committee of Creditors (CoC) was held to discuss the plan, but it was adjourned for further deliberations. This development is crucial for the company’s stakeholders as it indicates ongoing efforts to resolve the company’s financial distress and could impact its future operations and market…

New Delhi, Sep 29 (PTI) Appellate Tribunal NCLAT has set aside an appeal by Future Consumer Ltd (FCL) seeking to initiate insolvency against Aussee Oats Ltd.

A two-member NCLAT bench has upheld the orders of the Mumbai bench of the National Company Law Tribunal (NCLT), which had rejected the claims of FCL, part of the debt-ridden Future Group.

FCL had claimed an amount of over ₹one crore due from Aussee Oats. It had given ₹two crore to Aussee Oats in the form of an Inter-Corporate Deposit.

According to FCL, out of the total deposit, only ₹1.35 crore has been paid, and the rest ₹65 lakh is due, which now, along with interest, totals over ₹one crore.

However, NCLT observed that the financial statement of the corporate…

The National Company Law Appellate Tribunal (NCLAT) dismissed an appeal from Future Consumer Ltd (FCL) seeking insolvency proceedings against Aussee Oats Ltd. This decision supports the previous ruling of the National Company Law Tribunal (NCLT) in Mumbai.

FCL claimed dues exceeding Rs one crore from Aussee Oats, part of an earlier Rs two crore Inter-Corporate Deposit. However, NCLT noted that Aussee Oats’ financial statements indicated a ‘set off’ of such claims, determining no payable amount to FCL.

The appellate tribunal highlighted a dispute between the financial creditor and the debtor’s shareholders. NCLAT concluded that NCLT’s decision to decline initiating insolvency proceedings was justified and upheld the dismissal of…

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https://errors.edgesuite.net/18.d1672817.1759217315.6d208be

Key points for asset-based lenders

We explore the implications for the Act in the context of asset-based lending below. Key points to note are:

• The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium is a rescue process intended to give the company a breathing space to allow time to implement a rescue plan. It is not an insolvency process. Importantly, the directors of an eligible company can file the necessary documents required to put the company into a moratorium without giving notice to the holder of a qualifying floating charge. This is a major change, when compared with…

The matter arises from the Court’s May 2, 2025 judgment which struck down JSW Steel’s plan and ordered BPSL’s liquidation under Article 142 of the Constitution. That ruling by Justices Bela M Trivedi and Satish Chandra Sharma had held that the CoC erred in approving the plan.

JSW Steel, chosen as the successful resolution applicant in 2019, offered over ₹19,000 crore to creditors. The plan was approved by the National Company Law Tribunal (NCLT) in September 2019 and upheld by the National Company Law Appellate Tribunal (NCLAT). The Enforcement Directorate (ED) challenged the plan citing alleged money laundering by BPSL’s former promoters.

On July 31, the Supreme Court recalled its May 2 judgment, noting that it may have…