Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
The bankruptcy of high-profile fashion designer Jovian Mandagie, the former son-in-law of Malaysia’s ex-prime minister Ismail Sabri Yaakob, has brought
Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options.
Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as the sale progresses.
“After a thorough evaluation of all available options, we determined a court-supervised sale process is the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods,” CEO Greg Longstreet said in a statement.
Del Monte Foods, based in Walnut Creek, California, also owns the Contadina tomato brand, College Inn and Kitchen Basics…
The National Company Law Appellate Tribunal (NCLAT) has stayed an earlier NCLT order that had directed insolvency proceedings against Reliance Infrastructure.
The case was initiated following a plea by IDBI Trusteeship, which alleged a default of around ₹90 crore by the Anil Ambani-led company.
However, Reliance Infrastructure informed the appellate tribunal that all outstanding dues, including interest, have been fully paid.
Taking note of the submission, the NCLAT granted time to IDBI Trusteeship to reconcile the payments with its own records.
The matter will be next heard on August 27, 2025.
Shares of Reliance Infrastructure Ltd. are currently trading 0.47% lower on Friday at ₹394.50. The stock has jumped over 40% in the last six…
Anil Ambani-led Reliance Infrastructure has received temporary relief as the National Company Law Appellate Tribunal (NCLAT), New Delhi, stayed the order initiating corporate insolvency resolution proceedings (CIRP) against the company. The tribunal passed this order on July 18.
The next hearing in the matter is scheduled for August 27. In its filing to the stock exchanges, the company stated that the stay follows the earlier interim relief granted by the NCLAT on June 4. At that time, the tribunal had temporarily suspended the May 30 order of the National Company Law Tribunal (NCLT), which had initiated the insolvency process.
What is the issue about? RInfra was accused of Rs 88.68 crore default
A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Find out more about our policy and your choices, including how to opt-out.Sometimes our articles will try to help you find the right product at the right price. We may receive payment from third parties for publishing this content or when you make a purchase through the links on our sites.
The bankruptcy of high-profile fashion designer Jovian Mandagie, the former son-in-law of Malaysia’s ex-prime minister Ismail Sabri Yaakob, has brought renewed attention to the growing scandals surrounding the former leader’s family.
Jovian, once a household name in Malaysian and Indonesian fashion circles, was declared bankrupt by the Kuala Lumpur High Court on Thursday for failing to repay a US$1.25 million loan to an engineering firm.
The court ruling comes amid ongoing investigations by anti-corruption authorities into Ismail Sabri over alleged embezzlement of public funds during his time in office.
Now 39, Jovian gained local prominence in part through his marriage to Ismail Sabri’s daughter, Nina. The couple divorced in August…
Just in: the number of companies in England and Wales falling into insolvency dropped last month.
The InsolvencyService has reported that there were 2,043 registered company insolvencies in England and Wales in June, 8% lower than in May 2025 (2,230) and 16% lower than in June 2024, when 2,430 companies failed.
That could ease some concerns over the health of the UK economy, as companies tackle rising inflation and higher taxes.
A chart showing company insolvencies in England and Wales Photograph: The Insolvency Service
Despite the drop, monthly company insolvency numbers in the first six months of 2025 were slightly higher than the second half of 2024, but remain lower than the 30-year annual…
In a troubling reflection of India’s rising personal debt crisis, a government employee has turned to Reddit seeking advice as he stares down Rs 29 lakh in loans across more than nine sources—just 4.5 years away from retirement.
With a monthly in-hand salary of Rs 62,000 and pension prospects of Rs 30,000 post-retirement, the individual revealed that a mix of personal loans, chitty commitments, and society loans—some taken using friends’ salary certificates—has landed him in deep financial distress. Some lenders have reportedly issued legal notices and threatened salary recovery.
“I’ve cut down expenses to Rs 27,000 and can reduce further to Rs 22,000, but EMIs and urgent dues already exceed my current capacity,”…
