Insolvency Guardian Media Centre
In a recent ruling, the Chandigarh bench of the National Company Law Tribunal (NCLT) in view of the satisfaction of the conditions provided under section 33 of the Code, the Corporate Debtor, i.e., JM Feed Mills Private Limited, is directed to be liquidated in the manner as laid down in Chapter III of the Insolvency and Bankruptcy Code, 2016 (“Code”). The bench appointed Mr. Ashok Kumar Gupta as a liquidator of the corporate debtor i.e. JM Feed Mills Private Limited.
Somnath Gupta, Resolution Professional (“RP”/ “Applicant”) for JM Feed Mills Pvt. Ltd. (“Corporate Debtor”) under sub-section (2) of Section 33 of the Insolvency and Bankruptcy Code, 2016 (“Code”). It is prayed by the Applicant that an order for…
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Report reveals reasons behind administration of Gusto Restaurants Insider Media Ltd
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In the second quarter of 2025, the number of registrations of EU businesses increased by 4.6% compared with the first quarter of 2025.
At the same time, the number of bankruptcy declarations increased by 1.7% compared with the first quarter of 2025.
This information comes from data on business registrations and bankruptcies published by Eurostat today. This article presents a handful of findings from the more detailed Statistics Explained article on quarterly registrations of new businesses and declarations of bankruptcies.
Source dataset: sts_rb_q
Business registrations rose
In the second quarter of 2025, the number of business registrations increased across all sectors of the economy compared…
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Photo: 123rf
New Zealand’s largest mānuka honey producer Comvita is eyeing a company sale, amid challenging times in the global honey sector.
The listed health and wellness company announced on the NZX on Monday morning that its board voted in favour of a bid by Florenz, a subsidiary of investment firm Masthead, to buy the struggling business that just celebrated 50 years in operation.
The bid would see shareholders receive a cash price of $0.80 per share, representing an equity value of $56 million and an enterprise value of $119m.
The proposed sale would privatise the listed company.
The takeover offer came amid extremely challenging times for the company and the wider honey sector in recent years, as international…
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HHLA reports robust H1 2025 performance
German logistics company HHLA has had a very successful first half of 2025. Revenue (884,5 million euros) and EBIT (79,4 million euros) are up substantially,…
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Hiremaster was often used to supply furniture and decor to weddings. (File photo)
Photo: bondvit/123RF
The liquidation of Wellington event equipment hire company Hiremaster has sparked concerns for event planners.
Hiremaster went into liquidation on August 14 after more than 70 years in business.
David Ruscoe and Adele Hicks of Grant Thornton were appointed as liquidators and were understood to be looking for a buyer for the company.
Hiremaster was established in 1948 as “Tea Services Limited” supplying catering services, tea merchant and servicing industrial cafeterias. The company eventually transitioned away from the catering and industrial cafeteria work and had been operating as Hiremaster for the past 30 years.
Britt…
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The National Company Law Tribunal (NCLT) has officially initiated the Corporate Insolvency Resolution Process (CIRP) against real estate developer Mahagun (India) Private Limited. The decision, pronounced on August 5, 2025, comes after the company failed to repay a significant outstanding debt of over ₹260 crore.
The application to the tribunal was filed by IDBI Trusteeship Services Limited, acting as the debenture trustee for Asia Real Estate II India Opportunity Trust. The debt originates from secured, senior, unlisted, non-convertible debentures that Mahagun had issued in December 2020. The document reveals that IDBI Trusteeship Services had extended a secured debt and facility by subscribing to these debentures,…
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The Chandigarh Bench of the National Company Law Tribunal recently admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Palchan Bhang Power Private Limited (PBPPL), initiating the Corporate Insolvency Resolution Process (CIRP).
The plea was filed by entities who claimed to be financial creditors of the company, namely, Ashirwad Agarwal, Sreedhar Ramakrishnan, Gurpartap Singh Mann, Triimech Power Pvt. Ltd. and Rising Sun Power Pvt. Ltd.
The dispute pertained to promoter and inter-corporate loans advanced to the respondent-corporate debtor between 2011 and 2014 for the development of the Palchan Bhang Hydro Electric Project. A Board Resolution dated 18 March 2011 had stipulated…
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Business Debt Ninjas helps small businesses reduce Merchant Cash Advance (MCA) debt by up to 80% without new loans or upfront fees, offering a quick path to financial relief for struggling entrepreneurs.
— The MCA Challenge Facing Small Businesses
Small businesses across the United States are encountering significant challenges due to Merchant Cash Advances (MCAs), which are marketed as quick solutions for cash flow issues. While they promise fast access to funds, these advances often come with high interest rates, sometimes exceeding 200% annually, and daily automatic withdrawals from business revenue. As a result, many business owners find themselves stuck in a cycle of increasing debt, unable to make…
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NCLAT clears insolvency for Supertech Realtors’ Supernova project in Noida Prop News Time
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