Insolvency Guardian Media Centre

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.
NOIDA: The National Company Law Appellate Tribunal (NCLAT) has upheld a February 2025 order of the National Company Law Tribunal
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In the United States, credit card debt reached *** record high earlier this year of $1.21 trillion according to ABC
The number of customers falling behind on their electricity bills with no repayment plan in place has more than tripled
A man who jumped off a Royal Caribbean cruise ship near the Port of San Juan over the weekend —
Hall of Fame Resort could face end of go-private deal, insolvency  The Business Journals Read the original article here
Genus Power Infrastructures has recently experienced an evaluation adjustment, highlighting its strong financial metrics, including a low Debt to Equity
LORStage Asia Pacific Pty Ltd has entered voluntary administration, according to reporting by Aussie Theatre. In an email sent Friday,

NOIDA: The National Company Law Appellate Tribunal (NCLAT) has upheld a February 2025 order of the National Company Law Tribunal (NCLT), which cancelled the admission of insolvency proceedings against Logix Infrastructure, builder of the delayed Blossom County project in Noida Sector 137.

On Tuesday, Ketan Madan advocate on behalf of Experts Realty Professionals who filed case against Logix, said:“It’s a pervasive and completely misconceived order. We are going to challenge this order in the Supreme Court.” (HT Archives)

The appeal was filed by Experts Realty Professionals, the financial creditor that started the corporate insolvency resolution process (CIRP).

A bench of Justice N Seshasayee and Arun Baroka…

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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:


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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….

Read the original article here

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To enable cookies, follow the instructions for your browser below.

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….

Read the original article here

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

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….

Read the original article here

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

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….

Read the original article here

In the United States, credit card debt reached *** record high earlier this year of $1.21 trillion according to ABC News, and that problem’s only getting worse. In fact, according to Wallethub here in Florida, the state ranks number two in the nation for credit card. Delinquency rates of over 13%. We’ve seen *** really big increase in not only the number of people reaching out for help, but the average level of debt that they have, um, has increased to over $30,000. In tonight’s cover story, I’m digging into the debt problem where we live and the help that’s available here on the Gulf Coast. See both angels, right? Quiet as heck. Brad Vacaro is known for helping people over obstacles, literally. He lives in Collier County….

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The number of customers falling behind on their electricity bills with no repayment plan in place has more than tripled from 300,000 in 2012 to more than one million at the end of 2024, with the number of customers falling behind on their gas bill also tripling from 300,000 to 900,000 over this period, according to Resolution Foundation research.

The Money On My Mind report suggests that positive trends among low to middle-income households included increased saving and falling credit card debts.

But new financial worries for families included rising energy debt and council tax arrears “that need to be addressed”, it said.

The report said the poorer half of the 13 million working-age families in Britain still struggled to save,…

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A man who jumped off a Royal Caribbean cruise ship near the Port of San Juan over the weekend — allegedly to avoid paying off more than $16,000 in gambling debt to the cruise line — has been charged with a federal crime, authorities said.  

Jey Gonzalez-Diaz embarked on the Rhapsody of the Seas at the Port of San Juan on Aug. 31, according to a criminal complaint filed Sunday in the U.S. District Court for the District of Puerto Rico. The cruise ship returned from Barbados on Sunday — when Gonzalez-Diaz jumped into the water as the ship disembarked around 9:15 a.m. local time, during U.S. Customs and Border Protection inspection, the criminal complaint said.

Gonzalez-Diaz was then brought to shore by someone passing by on a…

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Hall of Fame Resort could face end of go-private deal, insolvency  The Business Journals

Read the original article here

Genus Power Infrastructures has recently experienced an evaluation adjustment, highlighting its strong financial metrics, including a low Debt to Equity ratio and significant growth in Net Sales and Operating Profit. Despite a challenging market performance over the past year, the company continues to demonstrate effective capital utilization and consistent positive results.