This year, the number of corporate insolvencies is likely to rise again, surpassing the record levels of previous years.

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Adani Power has completed the acquisition of Vidarbha Industries Power (VIPL) for Rs 4,000 crore, the company said on Tuesday.VIPL is a 2×300 MW domestic coal-fired power plant located in Butibori in Nagpur district of Maharashtra. The company was undergoing the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, the Mumbai bench of the National Company Law Tribunal (NCLT) approved Adani Power’s resolution plan for VIPL. Subsequently, the plan was implemented on July 7. With the acquisition, Adani Power’s operating capacity goes up to 18,150 MW. 

“The acquisition of VIPL is a key milestone in Adani Power’s strategy to unlock value through the turnaround of stressed…

GAC Fiat Chrysler Automobiles, the joint venture between Stellantis and China’s Guangzhou Automobile Group (GAC), has formally declared bankruptcy.

The joint venture shared images of the court ruling issued by a tribunal in China’s Hunan province, which confirmed the bankruptcy, in a post on social media.

This act brings a definitive end to the joint venture, which produced Jeep-branded vehicles for the Chinese market. Operations had already ceased in 2022, when bankruptcy procedures began following a prolonged period of declining sales.

(Translated by Agnese Napoletti, editing by Claudia Cristoferi)

GAC Fiat Chrysler Automobiles, a joint venture between Stellantis and China’s Guangzhou Automobile Group, said on Tuesday it has been declared bankrupt.

The joint venture posted images of a ruling issued by a court in China’s Hunan province declaring the bankruptcy, with its announcement, in a social media post. 

Industry leading debt settlement company secures spot for third year in a row

NEW YORK, July 8, 2025 /PRNewswire/ — National Debt Relief, the industry leader in debt settlement known for its unique approach to debt relief, has been recognized as “Best Debt Relief and Settlement Companies of 2025” by Forbes Advisor. This is the third consecutive year National Debt Relief has received the top spot among 25 companies that offer debt settlement services, receiving acknowledgment as “Best for Fee Transparency” within the judging criteria.

BEIJING (Reuters) -GAC Fiat Chrysler Automobiles, a joint venture between Stellantis and China’s Guangzhou Automobile Group, said on Tuesday it has been declared bankrupt.

The joint venture posted images of a ruling issued by a court in China’s Hunan province declaring the bankruptcy, alongside its announcement, in a social media post.

(Reporting by Beijing Newsroom; Editing by Andrew Heavens)

Stellantis N.V. is one of the world’s leading car manufacturers. The activity is essentially organized around 4 sectors:

– sales of passenger cars and light commercial vehicles: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys brands;

– sale of luxury vehicles: Maserati and DS Automobiles brands;

– sale of automotive equipment: interior systems, car seats, car exteriors, emission control systems, etc.;

– other: financing services (purchase, rental, leasing, etc.), after-sales services, etc.

Net sales are distributed geographically as follows: the Netherlands (1%), North America (41.6%), France (10.4%), Brazil (8.7%), Italy (7.1%), Germany…