Insolvency Guardian Media Centre
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National Company Law Appellate Tribunal, New Delhi: In the present case, a company appeal was filed by the Regional P.F. Commissioner, Employees Provident Fund Organization (‘Appellant’), challenging the impugned order passed by the National Company Law Tribunal, Ahmedabad (‘Adjudicating Authority’), which had rejected an interim application seeking directions to release the payment of Provident Fund dues in light of Section 36(4)(a)(iii) of the Insolvency and Bankruptcy Code, 2016 (‘IBC’) read with Section 11 and 17B of the Employees Provident Funds and [Miscellaneous Provisions] Act, 1952 (‘EPF Act’). The Bench of Ashok Bhushan, J. (Chairperson) and Barun Mitra (Technical Member), dismissed the appeal, stating that as…
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How to stop problem gambling, according to experts Axios
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GamCare: UK gambling has no debt advice… iGaming Expert
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More Polish firms are opting for restructuring rather than bankruptcy, according to data from the Central Economic Information Centre. In the first half of 2025, courts declared 207 bankruptcies, a slight decrease from 2024. In contrast, 2,610 restructuring proceedings were initiated, a trend expected to rise 13% year-on-year.
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Bankrupt companies left unpaid debts of over PLN 31 million, while firms undergoing restructuring added PLN 126.6 million, bringing total losses for creditors to PLN 157.7 million. Many warning signs appeared years earlier, with one-fifth of debtors already listed in…
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Christopher Liew: How to avoid falling into a credit card debt spiral CTV News
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Precision Camshafts Limited has announced its decision to dispose of 100% shareholding in its material subsidiary by initiating insolvency proceedings. This move was decided during a board meeting held on September 8, 2025.
The decision is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The resolution involves the disposal of the company’s 100% shareholding in its material step-down subsidiary, MFT Motoren und Fahrzeugtechnik GmbH, Germany.
The remote e-voting will commence on September 16, 2025 (9:00 AM IST) and shall end on October 15, 2025 (5:00 PM IST). The results of the postal ballot will be announced on or before October 17, 2025.
The Postal Ballot results will be available…
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Hooters CEO Sal Melilli joins ‘FOX & Friends’ to discuss plans to return the brand to its roots as a neighborhood restaurant.
Corporate bankruptcies among U.S. companies increased in the first quarter to their highest level since 2010, new data showed.
S&P Global Market Intelligence reported that from January through the end of March, there were 188 bankruptcies filed among large U.S. companies, an increase from 139 bankruptcy filings in the first quarter of 2024, which was a 14-year high at the time.
The 188 bankruptcies in the last three months are the most in the first quarter since 2010, when there were 254 bankruptcy filings as the economy reeled in the wake of the financial crisis.
“Companies, particularly those with…
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Del Monte Foods, the Canned Goods Giant, Files for Bankruptcy The New York Times
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The Supreme Court on Friday called upon the Union government to protect the interests of homebuyers and made a number of suggestions to prevent the liquidation of viable residential projects.
It asked the Centre to consider establishing a revival fund under NARCL (National Asset Reconstruction Company Ltd) and expanding the SWAMIH (Special Window for Affordable and Mid-Income Housing) Fund to provide bridge financing for stressed projects undergoing Corporate Insolvency Resolution Process.
The bench of Justices J B Pardiwala and R Mahadevan said housing is a facet of the Fundamental Right to Life under Article 21.
The court also suggested the creation of a corporate body on the lines of…