KUALA LUMPUR, July 3 – Fashion designer Datuk Jovian Mandagie has reportedly been declared bankrupt by the High Court here for failing to repay a RM5 million loan to a construction company.

The Star reported that the court granted the bankruptcy order after Cekap Air Sdn Bhd filed a creditor’s petition over Jovian’s failure to settle RM5,284,340.66, including interest, for a loan given in 2022.

“Jovian did file several applications to stay and strike out the bankruptcy notice and petition that was filed against him but they were dismissed by the court,” said the company’s lawyer, Siti Nur Athirazatti Rohizad.

Cekap Air claimed the loan was extended verbally on February 25, 2022, based on a personal acquaintance between its…

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The Supreme Court on Monday, July 21, dismissed the petitions filed by the BCCI and Riju Ravindran, brother of Byju Ravindran, seeking withdrawal of insolvency proceedings against Byju. The court also refused to consider the settlement between the crisis-hit edtech company and the BCCI.

A bench of Justices JB Pardiwala and R Mahadevan refused to interfere with the April 17 order of the NCLAT. The tribunal had said that since the settlement proposal was filed after the formation of the CoC, it required approval under Section 12A of the Insolvency and Bankruptcy Code.

Earlier in February 2025, the National Company Law Tribunal (NCLT) had directed the petitioners to place their settlement proposal before the new CoC, in which US-based Glas…

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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…

The recent decision of the Hon’ble National Company Law
Tribunal, Mumbai Bench, in the case concerning Rolta India
Limited (Corporate Debtor herein), wherein it upheld the right
of the Bank of India (Financial Creditor) to classify the Corporate
Debtor’s account as “fraud” during the
pendency of the Corporate Insolvency Resolution Process (CIRP), has
given rise to significant issue regarding its wider implications on
the insolvency framework under the Insolvency and Bankruptcy Code,
2016 (“IBC”).

This decision arose from an application filed by the Resolution
Professional (RP) of Rolta India seeking a restraint against the
Bank of India, which had classified Rolta India’s account as
fraudulent on account of default of Rs….

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…