Well, it’s official—another chapter in the long and rocky history of Fiat Chrysler’s attempts in China has come to a close. The Guangzhou Automobile Group Co., Ltd (GAC) – Fiat Chrysler Automobiles (FCA) joint venture, once seen as a promising gateway into the world’s largest auto market, has now been declared bankrupt.

On July 8th, 2025, the Changsha Intermediate People’s Court in Hunan Province accepted the joint venture’s bankruptcy filing after it was confirmed the company couldn’t reorganize its debts. According to Car News China, the filing was supported by creditors after a long financial struggle that lasted years.

New Delhi: The Supreme Court on Monday dismissed pleas filed by the BCCI and Riju Raveendran — brother of Byju Raveendran — seeking withdrawal of insolvency proceedings against Byju’s and to consider the settlement between the beleaguered edtech company and the BCCI.

A Bench of Justices JB Pardiwala and R Mahadeven refused to interfere with the April 17 order of the National Company Law Appellate Tribunal (NCLAT) which had ruled that since the settlement proposal was filed after the formation of Committee of Creditors (CoC), it required the approval of the lender’s body under the provisions of section 12 A of the Insolvency and Bankruptcy Code.

Earlier in February 2025, the National Company Law Tribunal (NCLT) had…

He won 53 caps for England, played for major Premier League clubs like Liverpool, Aston Villa, and Manchester City, and earned around £20million during a career that saw him lift the FA Cup and League Cup. However, after being declared bankrupt, David James was left in a desperate financial situation.

James, 54, has made more Premier League appearances than any other goalkeeper. His total of 572 puts him fifth on the all-time list of all players, although he appeared in more than 900 games overall after stints at lower league clubs and abroad. Football wasn’t his only source of income either.

In 1995, he secured a lucrative modelling contract with Giorgio Armani. During his career, he also owned a portfolio of properties, but it all…

The former promoters of Bhushan Steel and Power Ltd on Monday urged the Supreme Court to accord an open court hearing to their plea seeking review of the May 2 verdict ordering liquidation of BSPL under the Insolvency and Bankruptcy Code.

The top court had on May set aside the resolution plan submitted by JSW Steel for the BSPL, holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC).

A bench comprising Justice Bela M Trivedi…

Despite achieving a high annual collection ratio of 97.83% as of 30 June 2025, the City recognises the need to assist residents facing financial hardship. The write-off applies to municipal debts outstanding up to 30 June 2024.

Eligible beneficiaries include owners of residential properties valued between R450,000 and R7.5m. Additionally, the relief extends to indigent households with zero property valuation, income-based indigent customers, pensioners, social-grant recipients, and various community-focused institutions such as cemeteries,…

NEW DELHI: The Supreme Court on Monday upheld an order rejecting the appeals of the BCCI and Byju’s co-founder Riju Raveendran seeking withdrawal of insolvency proceedings against his company.

A bench comprising Justices J B Pardiwala and R Mahadevan dismissed the appeals filed by the Board of Control for Cricket in India (BCCI) and Raveendran challenging the National Company Law Appellate Tribunal (NCLAT) verdict on April 17.

BCCI and Raveendran had previously challenged an order of the Bengaluru bench of the National Company Law Tribunal, which on February 10 directed to place their settlement offer before the new Committee of Creditors (CoC), in which US-based Glas Trust, the trustee for lenders to which Byju’s owes USD 1.2…

The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) held that CERSAI registration was enough to claim secured creditor status under IBC and noted that RoC non-registration was not fatal.

In this case, Bizloan Private Limited appealed against the order passed by the National Company Law Tribunal, Mumbai bench, which classified the appellant as an unsecured creditor instead of a secured financial creditor.

The appellant is a financial creditor for providing credit facilities in the form of sales bill discounting (SBD) and purchase bill discounting (PBD) of Rs. 1 Crore in aggregate to Autocop (India) Private Limited, which is the corporate debtor.

Coming to the facts of the case, the

The petition challenges the top court’s May 2 verdict that set aside JSW Steel’s resolution plan and ordered liquidation of BSPL under the Insolvency and Bankruptcy Code (IBC).

A bench led by Chief Justice B R Gavai, along with Justice K Vinod Chandran, heard the mention by senior advocate Vikas Singh, who appeared for BSPL’s former promoters. The petitioners include Sanjay Singhal and his family, father Brij Bhushan Singal and brother Neeraj Singal.

Singh submitted that the liquidation value assigned to BSPL’s assets was “very low”…

I was asked the other day, what are the two things you’d love to see in this budget? And I said, I’d love to see the treasurer stand up and say, I’m going to re-establish the fiscal rules.