Insolvency News

As the Social Security fund approaches insolvency by 2032, a growing number of lawmakers, including some Republicans, are indicating openness to raising taxes t

Over 200 employees at Sydney-based housing developer Bathla Group have been stood down as administrators seek emergency funding to prevent a company-wide collap

The NCLT in Mumbai has approved Shree Naman Developers' ₹1,800 crore bid to acquire Gstaad Hotels and Neo Capricorn Plaza, exceeding the total admitted liabilit

The NCLT has ordered a status quo on the disposal of assets belonging to Byju's K3 Education, which were auctioned by the resolution professional of Byju's pare

The Delhi High Court ruled that government bodies cannot seek old dues after the IBC process is completed, quashing a ₹5.89 lakh Customs demand against Jaipraka

Essel Group founder Subhash Chandra faces backlash over his personal insolvency process, where creditors approved a ₹6.5 crore settlement against ₹22,000 crore

Subhash Chandra's ₹6.25-crore repayment plan has encountered a hurdle as the NCLT found no majority opinion, leading to the formation of a five-member bench to

The NCLT has formed a new five-member bench to decide on Subhash Chandra's Rs 6.5 crore repayment plan, following a previous division bench's failure to reach a

Australia is experiencing a surge in business insolvencies due to a 'cost-of-doing-business crisis,' with small business owners like Joe Rechichi of Cucina hosp

The National Company Law Tribunal (NCLT) has found no majority verdict on Zee founder Subhash Chandra's repayment plan, as a third member's opinion differed fro

Dissenting lenders, including Canara Bank and Union Bank, have challenged the NCLT's approval of Subhash Chandra's personal insolvency plan at the NCLAT. They a

Creditors, including LIC Housing and several banks, have appealed to the NCLAT against the NCLT's approval of Subhash Chandra's ₹6.5 crore payout plan in his in

Sydney property developer Bathla Group is on the brink of collapse, with administrators warning the company could fold by week's end if additional funding isn't

Bira 91 is facing an insolvency threat due to unpaid dues amounting to Rs 11.77 crore.

Creditors of Subhash Chandra are expected to recover only ₹6.5 crore against claims of ₹22,006 crore in an insolvency case involving a ₹170-crore loan from Indi

Hindusthan National Glass and Industries (HNGIL) has issued a default notice to B9 Beverages Ltd (Bira 91) for unpaid dues of Rs 11.77 crore and plans to initia

LIC Housing Finance and Union Bank plan to challenge the NCLT's repayment plan for Essel Group debt, which proposes Subhash Chandra pay ₹6.5 crore against ₹22,0

Zee founder Subhash Chandra is set to take on a professional role with Swiss investment firms, utilizing his remaining funds for a repayment plan. This move fol

Union Bank of India (UK) plans to challenge the NCLT's approval of Subhash Chandra's ₹6.5-crore repayment plan, which addresses ₹22,006.57 crore in claims. HDFC

The insolvency court's approval of Zee Group founder Subhash Chandra's ₹6.5 crore repayment plan has raised questions regarding the extent to which banks can re

Subhash Chandra is facing insolvency proceedings due to a personal guarantee provided for a loan taken by Vivek Infracon from Indiabulls in 2016.

The US national debt has surpassed $40 trillion, while Social Security faces insolvency by 2032, partly due to wealthy Baby Boomers collecting over $100,000 ann

Government sources clarify that the ₹22,006 crore case against Subhash Chandra is not a 99.97% bank loss, as the figure represents claims against him as a perso

HDFC Bank is considering appealing a bankruptcy court's decision regarding Subhash Chandra's insolvency, which approved a repayment plan with a significant hair