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…

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…

“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.

Cosmicnode, a Dutch specialist in wireless control solutions for LED lighting and other applications, has gone bankrupt. The company, based at the High Tech Campus in Eindhoven, the Netherlands, had been operating under the radar for years. Just this spring, when it began to present itself more visibly to the market, it filed for bankruptcy.

Curator Reinoud van Oeijen of Holla Legal & Tax in Eindhoven confirmed the news last week. He explained that Cosmicnode itself had filed for bankruptcy and that a potential restart is now being considered. At the time of filing, the company employed only three people, namely its founders.

Although the curator is still studying the details of the case, he already noted that the…

The amendment seeks to give buyers of distressed assets a clean slate by extinguishing all claims by creditors against a bankrupt company once an insolvency resolution plan is approved, said two persons aware of discussions in the government. This covers claims not specifically provided for in the resolution plan.

A specific provision to this effect has been included in the proposed Insolvency and Bankruptcy Code (Amendment) Bill that’s currently before Parliament, they said, speaking on condition of anonymity.

This, however, will not affect recovery of dues from promoters, managerial personnel, or guarantors in certain questionable or voidable transactions executed…

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…