Insolvency Guardian Media Centre
In the energy industry, it’s known as the solar coaster: The ups and downs in the solar industry can cause companies to grow quickly and fade just as fast. So far in 2024, customers of more than one big installer have felt those big downhill drops.
The latest solar giant to struggle is SunPower Solar, one of CNET’s picks for best national solar companies. The company filed for Chapter 11 bankruptcy in August. As part of the bankruptcy, Complete Solaria (a merger of Complete Solar and Solaria) will buy SunPower’s Blue Raven Solar and New Homes subsidiaries, as well as other parts of the SunPower dealer network. On Sept. 9, Complete Solar announced that it raised $40.5 million to cover the remaining closing costs of a $45 million bid to…
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The (FfD4) took place from June 30 to July 3, 2025 in Seville, Spain, marking a pivotal moment for global cooperation on sustainable development.
FfD4 marks the 80th anniversary of the United Nations (UN) and arrives amid rising debt, climate risks and a $4.2 trillion annual financing gap for developing countries, highlighted Philemon Yang, president of the United Nations General Assembly. It serves both as a review of past commitments and a launchpad for new action through the and , the outcome document.
The UN Economic and Social Council (ECOSOC) President, Bob Rae, echoed the urgency, identifying four key goals for reinvestment in the pillars of sustainable development: Closing the financing gap for UN-mandated Sustainable…
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The recent reforms reflect the IBBI’s aspiration to make the insolvency resolution process not just faster, but also more accountable and investor-friendly. But it is imperative to view these reforms in consonance with the underlying institutional limitations. The IBC framework still suffers from limited infrastructure at the NCLT level, valuation disputes, inconsistent judicial interpretation and information asymmetry. As of September 2024, the number of CIRPs resulting in liquidation (2,630) was still over 2.5 times the number resulting in resolution (1,068). Therefore, the recent reforms need to be accompanied by reforms in tribunal capacity building, cross-border insolvency framework and digital infrastructure for tracking CIRP…
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Michael Jordan once admitted he turned his gambling losses into apology checks for his wife: “Here honey, I’m sorry for the embarrassment” originally appeared on Basketball Network.
Even though Michael Jordan was the embodiment of basketball greatness every time he stepped on the hardwood or grinded behind the scenes, the one stain that followed him throughout his career was the constant whispers about his gambling. And even though he lived in an era where social media didn’t exist, this “public secret” somehow managed to dominate conversations and headlines.
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Stories of massive golf bets, late-night casino trips and even a visit to Atlantic City during the middle of the Eastern Conference finals weren’t rare — they were…
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RCom has been under a corporate insolvency resolution process since 2019. In its statement, the company reminded investors that any loans linked to the period before insolvency must be handled within the resolution plan.
Also Read: Reliance Communications…
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As retirement approaches, many people look forward to a slower pace of life and the freedom that comes with no longer working full-time. But for those carrying debt into their later years, the prospect of retiring can bring just as much anxiety as it does anticipation.
With income often dropping and expenses sometimes shifting in unpredictable ways, it’s important to take stock of your financial situation beforehand.
Dennis Hussey, team manager at National Debtline who has also been a money advisor for 20 years, explains that when retiring it is ‘often going to mean that income streams narrow’.
“For most people, it means that they…
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A Family Nursing & Home Care employee who stole more than £3,600 from the charity after falling into gambling debt wept as she was jailed for six months yesterday.
The Magistrate’s Court was told on Friday that Jeanette Hotton (60), who pleaded guilty to larceny, had initially planned to pay the money back when she began transferring money to herself from the charity’s PayPal account.
The thefts continued over a period of nine months, Legal adviser Harrison Gollop explained, and only came to light in March when another staff member noticed there was money missing from the charity’s bank account.
Advocate Julia-Anne Dix, defending, said Hotton had then admitted during a police interview that she had taken the…
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In a startling escalation of a long-standing corporate and legal dispute, India’s largest public sector lender, State Bank of India (SBI), has officially labelled industrialist Anil Ambani a “fraudulent borrower” in connection with loans extended to his company, Reliance Communications. The move comes after years of litigation, recovery attempts, and dramatic turns in the financial fortunes of the younger Ambani scion, once among the richest Indians.
The Background: From Billionaire to Bankruptcy
Anil Ambani, once chairman of the Reliance Group that included telecom, infrastructure, power, and financial arms, witnessed a swift downfall over the past decade. His conglomerate, especially Reliance Communications (RCom), spiraled into…
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The 4th International Conference on Financing for Development (FfD4) in Seville, Spain, organised by the United Nations, was convened for revitalising financing for sustainable development across the globe.
But the meeting took place in the face of severe headwinds. The United States was absent, having made its intentions clear by severely cutting aid commitments and several major economies, including the United Kingdom, France and Germany, also announced aid reductions.
Clear indications are that the Seville Conference will instead rely on mobilising private investment, blended finance and public-private partnerships, which have not historically yielded great results.
Non profit ActionAid’s Secretary General, Arthur Larok, speaking…
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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such…
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The shares of this Ambani back stock are in focus after India’s largest commercial bank, State Bank of India, has flagged concerns about the company’s debt profile, which is creating a buzz amongst the investors.
With a market capitalization of Rs 434 crores, the shares of Reliance Communications Ltd are currently trading at Rs 1.57 per share, down by 39.14 percent from its 52-week high of Rs 2.58 per share. Since its debut, the stock has corrected by over 99 percent, eroding shareholders’ capital.
On July 1, 2025, the State Bank of India has directed the loan account of Reliance Communications as Fraud, and also planned to report the name of Shri Anil Dhirajlal Ambani, former director of the company, to the Reserve…
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The company was taken to insolvency proceedings after the conglomerate defaulted on payment of loans. Creditors are claiming a total of a staggering Rs. 57,185 crore to banks and financial institutions.
