Insolvency Guardian Media Centre
New Delhi: National Company Law Appellate Tribunal (NCLAT) should decide appeals filed before it in bankruptcy cases within three months, as timely decision-making at the appellate level is crucial for rapid resolution of distressed companies, the Lok Sabha select committee that reviewed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 has said.
The original bill had proposed a 14-day window for admission of bankruptcy proceedings in National Company Law Tribunal (NCLT), the first judicial platform where a bankruptcy case is heard, but had not proposed any timeline for cases to be decided at the appellate level.
The committee, led by Bharatiya Janata Party (BJP) member of parliament (MP) Baijayant Panda, said in its report tabled…
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In a bid to stabilize public finances before the Petro administration concludes its term next August, Colombia is preparing to execute a series of aggressive debt management operations in 2026. The strategy, outlined by Ministry of Finance officials, seeks to alleviate fiscal pressure through a combination of international bond issuances, direct placements, and budget austerity.
Javier Cuellar, the director of Public Credit, told Reuters that the government intends to carry out “many” operations in both local and international markets….
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The new Managing Directors, Benno Leuthner (CEO) and Jan Diekmann (CTO), have officially taken up their roles, as announced by CustomCells. Following the conclusion of its insolvency proceedings earlier this year, the German battery pioneer is making a fresh start ‘with a significantly sharpened strategic focus.’
CustomCells will now focus on bespoke solutions for defence applications and high-performance solutions in motorsport—specifically mentioning Formula 1 and the World Endurance Championship (WEC), with its hybrid race cars in the ‘Hypercar’ class. The shift towards the defence sector had already become apparent: when it was revealed this summer that the insolvent company had found an investor, the strategic refocus was…
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From survive in ‘25 and fix in ‘26, business insolvencies will finally drop in ‘27 ThePost.co.nz
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USP Group Limited Declares Voluntary Liquidation of Subsidiaries Amid Restructuring TipRanks
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Since online sports gambling became legal in Ohio in 2023, sports scandals have been mounting. Getting less attention is the human toll, which has grown rapidly.
With the stress of the holidays — and college and professional football playoffs — approaching, a Columbus-based clinician said it’s important to understand when gambling passes from being simple fun to a real problem.
Kelley Breidigan is an assistant clinical professor at Ohio State’s College of Social Work. She said that measures of problem gambling have been on the rise in all 38 states that have legalized online sports betting.
“Most folks are assigning this to the Supreme Court decision in 2018 that allowed states to legalize and regulate sports…
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Federal Court declares David Sharaz bankrupt over defamation debt to Linda Reynolds MSN
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Dog Consultancy, a Glasgow-based digital marketing agency known for working with blue-chip brands, has fallen into liquidation.
On 21 November, Duncan Raggett and David McGinness of AAB were appointed as joint provisional liquidators following a court petition.
The agency, which was incorporated in October 2023, counted major names such as Isle of Harris Distillery, The Macallan, Baillie Gifford, and L’Oréal among its clients. While the exact number of staff at the time of collapse was not confirmed, accounts filed for the period ending 31 December 2024 indicated an average workforce of 27 people.
A statement from AAB said: “The Joint Provisional Liquidators are currently…
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Bristol window and door specialist founded nearly 50 years ago ceases trading Business Live
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Guitar and bass brand Höfner – most famous for making Paul McCartney’s iconic violin bass – has filed for bankruptcy in Germany, according to new filing in the Fürth District Court in Bavaria reveals.
Few details about the insolvency have been made public, however the filing does reveal that “provisional insolvency administration” has been ordered for Karl Höfner GmbH & Co as of 10 December. An insolvency administrator has been appointed, who will proceed to attempt to rectify debts over the next three months. Höfner has been contacted for comment.
The company has a long and storied history. It was founded by Karl Höfner in 1887, in what was then the Austria-Hungarian town of Schönbach, and is now Luby in the Czech…