Insolvency Guardian Media Centre
China Evergrande liquidators say US$255 million of assets have been sold NST Online
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The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently dismissed an applicant’s challenge to the revival of its Corporate Insolvency Resolution Process (CIRP), noting that the Adjudicating Authority had rightly restored the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) after the corporate debtor failed to honor the terms of a One-Time Settlement (OTS) that it had accepted.
The appeal filed by Bagh Bahar Appliances Pvt. Ltd. arose from an order passed by the National Company Law Appellate Tribunal (NCLT) in an Interim Application filed by the financial creditor and respondent herein – Unity Small Finance Bank Ltd., seeking revival of CIRP citing breach of settlement…
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Finance Minister introduces bill to amend the Insolvency and Bankruptcy Code in Lok Sabha. Bill referred to select committee.
After the introduction, the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was referred to a select committee of the House following a request from the minister.
The insolvency law is being implemented by the Corporate Affairs Ministry, which is also helmed by Sitharaman.
The Code, introduced in 2016, has undergone six legislative interventions since its enactment and the last amendment was made in 2021.
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The Government has appointed insolvency specialists to step up planning for Thames Water in case the troubled water company collapses.
FTI Consulting has been brought in as an administrator in the event Thames fails to secure funding from lenders.
Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.
Environment Secretary Steve Reed signed off the appointment, which would still need to be approved in court, according to Sky News which first reported on the move.
A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.
“The company…
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FTI Consulting has been brought in as an administrator in the event Thames fails to secure funding from lenders.
Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.
Environment Secretary Steve Reed signed off the appointment, which would still need to be approved in court, according to Sky News which first reported on the move.
A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.
“The company remains financially stable, but we have stepped up our preparations and stand ready for all eventualities, including applying…
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Meet the Debt Wizard Who Built a $27 Million Business Making the Government More Efficient Inc.com
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Insolvency experts hired to plan for Thames Water administration Utility Week
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Environment Secretary Steve Reed signed off the appointment, with Sky News reporting FTI Consulting will act as an administrator in case Thames fails to secure funding from lenders.
Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.
A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.
“The company remains financially stable, but we have stepped up our preparations and stand ready for all eventualities, including applying for a special administration regime if that were to become necessary.”
Thames Water, which has…
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Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.
Environment Secretary Steve Reed signed off the appointment, which would still need to be approved in court, according to Sky News which first reported on the move.
A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.
“The company remains financially stable, but we have stepped up our preparations and stand ready for all eventualities, including applying for a special administration regime if that were to become necessary.”
Thames Water, which has 16 million…
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Struggling with insolvency, BluSmart’s valuable EV fleet and tech assets are trapped in subsidiaries, complicating creditor recovery and leaving its future uncertain.
BluSmart, the electric cab firm, is grappling with a complex insolvency case that began on July 29, 2025, when the National Company Law Tribunal (NCLT) admitted a petition from a creditor.
The case has uncovered major challenges in valuing the company’s assets, particularly its fleet of electric vehicles (EVs) and proprietary technology, which are locked within subsidiaries not automatically included in the insolvency process.
Founded in 2019 by Anmol Singh Jaggi, Punit Goyal, and Puneet Singh Jaggi, BluSmart operated with an asset-light…