(SLDPL). The petition alleges fraud, misrepresentation, and regulatory violations in the handling of the company’s insolvency proceedings.

Allegations of Round-Tripping and Loan Evergreening

SLDPL has been under the Corporate Insolvency Resolution Process (CIRP) since 2021 after its account was flagged as stressed. Singh, removed from the management post-CIRP initiation, claims that the insolvency proceedings were based on collusive and flawed dealings between Yes Bank and Suraksha ARC.

According to the petition, the transfer of SLDPL’s loan from Yes Bank to Suraksha ARC was not a conventional distressed asset sale but part of a circular funding mechanism. Singh alleges that Yes Bank indirectly financed Suraksha’s debt…

Gensol Engineering Limited, a significant player in the solar and electric vehicle sectors, has officially invited Expressions of Interest (EoI) from potential investors as part of its Corporate Insolvency Resolution Process (CIRP).

The resolution professional, Keshav Khaneja, issued a public notice (Form G) on Tuesday, inviting bids for the Ahmedabad-based company. In a unique offering, bidders have the option to acquire the entire company as a going concern or to bid for its individual business verticals separately. Gensol Engineering owes Rs 1,223 crore to banks and financial institutions.

The two core businesses on offer are:

• Solar EPC Business: This division reported a turnover of ₹762.27 Crore as of…

Americans are carrying record amounts of debt, and for many, it’s becoming impossible to keep up. Total household debt reached $18.39 trillion in the second quarter of 2025, with credit card balances alone topping $1.21 trillion. Average interest rates on those balances are now over 21%, making the payments hard to sustain for many borrowers. When you add in rising costs for everyday…

CORPUS CHRISTI, Texas — Congressman Michael Cloud is highlighting several provisions he calls “victories” for District 27 in the 2026 National Defense Authorization Act, which passed the House and now heads to the Senate for consideration.

The proposed legislation includes significant implications for the Corpus Christi Army Depot, pending Senate approval and final passage.

Congressman Cloud touts CCAD provisions in House-passed defense bill

KRIS6 News with Kresten Cook, Executive Director of The South Texas Military Task Force, about these proposed amendments and their potential impact on CCAD’s future operations.

“They’re a help. They’re a big help and without them, I don’t think CCAD…

This is the first of three yearly payments from Test Valley Borough Council‘s revenue grants scheme, aimed at helping the charity continue its work in the community.

Last year, the organisation helped almost 6,000 people, with outcomes valued at £1.1 million.

Citizens Advice Test Valley offers free, impartial, and confidential advice on a range of issues, including debt, benefits, housing, and consumer problems.

The charity has two main offices in Romsey and Andover and offers outreach services at local foodbanks, ensuring help is accessible throughout the borough, including rural areas.

Citizens Advice Test Valley(Image: Newsquest)

The council’s funding has enabled the charity to launch initiatives such as…

Struggling with debt is more common than many people realize, especially in today’s economic landscape. The total amount of credit card debt nationwide recently surpassed $1.21 trillion, with credit card balances alone averaging around $8,000 per borrower. For millions of borrowers, though, these aren’t just numbers. They’re major sources of financial stress that impact daily…

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SPI Energy Co ( (SPIEF) ) has issued an update.

On July 22, 2025, SPI Energy Co., Ltd. was placed into Official Liquidation by the Grand Court of the Cayman Islands, with Graham Robinson and James Parkinson appointed as Joint Official Liquidators. The company’s directors’ powers ceased, and trading of its shares was suspended by Nasdaq on January 15, 2025. The liquidation process restricts share transactions without validation from the Cayman Court. The Joint Official Liquidators are investigating the company’s financial position, and…

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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

2….