Insolvency Guardian Media Centre
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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. Choose “App Settings” from the menu
3. Turn on the option “Links Open Externally” (This will use…
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CHENNAI: The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Central Bank of India against the resolution plan for bankrupt real estate firm Neptune Developers Pvt. Ltd. The tribunal ruled that as a dissenting financial creditor, the bank cannot block a plan that has already been approved by the Committee of Creditors (CoC) using its “commercial wisdom.”
The order is a major relief for over 2,000 homebuyers who have been waiting for more than a decade for possession of flats in Neptune’s stalled projects, including its township in Kalyan near Mumbai.
A two-member NCLAT bench, headed by Justice Ashok Bhushan, upheld the earlier order of the National Company Law Tribunal (NCLT) that had cleared a Rs…
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The National Company Law Tribunal (NCLT), Hyderabad Bench of Justice Shri. Rajeev Bhardwaj (Hon’ble Member) and Shri. Sanjay Puri – Hon’ble Member Technical has held that proving debt and default through records of default with the information utility is not mandatory. If debt and default are established through other evidence, a petition under Section 7 of the IBC can still be admitted.
The present application has been filed under section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to default on commercial paper subscribed by the Applicant.
The Applicant submitted that Respondent is not a Financial Service…
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MUMBAI: The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal by the Central Bank of India challenging the approval of a resolution plan for Neptune Developers Pvt. Ltd, a bankrupt real estate company. The tribunal ruled that as a dissenting financial creditor, the bank cannot block a plan endorsed by the Committee of Creditors (CoC) in its “commercial wisdom.”
The order brings relief to more than 2,000 homebuyers who have waited more than a decade for possession of flats tied up in Neptune’s stalled project.
“There are no grounds made out to interfere with the approval of the resolution plan which is based on approval by the CoC in exercise of its commercial wisdom. There is no merit in the appeal. The appeal…
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News | Claire’s finds buyer for almost 1,000 stores, avoids liquidation CoStar
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Popular motorcycle retailer collapses after 55 years – putting 400 jobs on the line MSN
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Top Shelf Holdings appoints voluntary administrations Business News Australia
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Trump set to bar college graduates from debt relief program if employers undermine ‘American values’ MSN
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NS Bikes is a well-known mountain bike brand founded in Poland in 2003 which sells a comprehensive range of bikes. On August 18, 2025, the brand’s parent company, 7anna, officially filed for bankruptcy proceedings with the Polish government — the latest in a long line of bankruptcy proceedings and restructurings sweeping the mountain bike industry. 7anna also owns the Rondo, Octane One, and Creme Cycles brands.
The news was first broken by the Polish publication Polityka, and Singletracks has independently confirmed the bankruptcy filing. The furor of the announcement prompted Szymon Kobyliński, founder of NS Bikes, to release a statement to Polish MTB publication mtbxcpl. The statement, which was…