Insolvency Guardian Media Centre
New Delhi: Resurgent India Special Situations Fund has moved the Mumbai bench of the NCLT, filing an application to initiate insolvency proceedings against Future Consumer. Future Consumer in a regulatory filing earlier this week said: “The company would be making appropriate representation”.
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Fans lose out as bankrupt promoter pulls plug on music festival AOL.com
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BBC Scotland News
Music fans have been left out of pocket following the last-minute postponement of a festival in Glasgow organised by a man who has been declared bankrupt.
In the City festival was due to be held on Glasgow Green on 23 and 24 August, featuring acts including Unkle, Huey Morgan and Grandmaster Flash.
Ticketholders were told the event was being postponed just days before, and refunds would only be made available once a new date was announced.
In an email to would-be festival goers, the organisers said the cancellation was due to a lack of ticket sales. Promoter Brian Traynor has been contacted for comment.
Norry Wilson, from…
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Music fans have been left out of pocket following the last-minute postponement of a festival in Glasgow organised by a man who has been declared bankrupt.
In the City festival was due to be held on Glasgow Green on 23 and 24 August, featuring acts including Unkle, Huey Morgan and Grandmaster Flash.
Ticketholders were told the event was being postponed just days before, and refunds would only be made available once a new date was announced.
In an email to would-be festival goers, the organisers said the cancellation was due to a lack of ticket sales. Promoter Brian Traynor has been contacted for comment.
Norry Wilson, from Glasgow, paid out more than £180 for three tickets to the event after being sold on the idea of attending a festival…
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It’s the last roll of the dice for what was once one of the country’s biggest casino groups.
Star Entertainment, barely alive and gasping for breath, was due to deliver a set of results this week that, while extending the enduring pain of long-suffering investors, hopefully would have received the blessing of its directors.
That is now under a cloud after yet another dispute with its increasingly exasperated bankers, in a re-run of earlier events that again have delayed the earnings results.
Signing off on the accounts would have allowed regulators to begin probity checks of the beleaguered group’s American suitor, Bally’s Corporation, before it assumes control.
There is a Star Casino at Queen’s Wharf in Brisbane. (ABC News: Christopher…
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Looking at where you are in your current financial situation can help you plan for the future and align your spending and saving strategies with your long-term financial goals. It’s important to keep track of your debt and prioritize how to pay it off – and understand when to use credit or dip into your emergency savings. The tips below can help you better manage your debt over time.
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Popular mall retailer Claire’s has agreed to sell a portion of its business operations to Ames Watson, pausing liquidation amid its recent bankruptcy, according to a court filing obtained by AL.com.
The sale “will allow the Claire’s brand to remain a prominent retailer for teens, tweens, and young girls around the world,” the court filing, which was made on August 20, states. Claire’s, which specializes in tween accessories, announced its filing for bankruptcy for a second time in a seven-year span earlier this month. The company will now pause the liquidation of nearly 1,000 stores, though 13 locations, as well as Icing, another brand owned by the company, will still close.
“As we continue through our restructuring…
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From HIIT to hit: popular Dubbo gym collapses as huge debts revealed Daily Liberal
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Tax bill sinks Cafe Cuba ThePost.co.nz
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While Amitabh Bachchan has been at the peak of stardom for most of his career, the legendary actor also went through a tough phase in his career. The actor almost went bankrupt when he started his own production house ABCL and it went into severe losses. To make matters worse, his acting career had also hit a low point. Actor Ashish Vidyarthi who has worked with Bachchan during those times, recently reflected on that difficult period and shared his own experience of working alongside Bachchan as he staged his comeback.In a conversation with Siddharth Kannan, Ashish remembered how, despite the hardships, Bachchan continued to be thoughtful and generous. “I can never forget working with him in ‘Mrityudaata’, which was his comeback…
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The collapse of Delio, a once-prominent South Korean crypto lending platform, has become a focal point for understanding the challenges of insolvency in the digital asset sector. As the Seoul Bankruptcy Court rejected Delio’s third corporate rehabilitation bid in 2025, the case underscores the fragility of regulatory frameworks in an industry still grappling with its own identity. For investors, the implications are stark: the interplay of legal ambiguity, market volatility, and regulatory evolution is reshaping risk profiles and asset protection strategies.
The Legal Quagmire of Corporate Rehabilitation
Delio’s repeated attempts to avoid liquidation highlight a critical flaw in South Korea’s insolvency laws. Under the Debtor…
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“The company has executed the deed of assignment and other related documents in order to transfer lease and related rights of the company over leased premises i.e., office No. 201 comprised in the entire 2nd floor of the building situated at C-68, G-Block, Bandra Kurla Complex, CTS No. 4207 Kole Kalyan, Taluka Andheri, Mumbai, subject to approval of Mumbai Metropolitan Region Development Authority,” Jet Airways said in an exchange filing on August 26.