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Friday, November 7 2025
NCLAT Allows Salman Khan’s Withdrawal of ₹7.24 Crore Insolvency Plea Against Jerai Fitness on Mutual Settlement
The National Company Law Appellate Tribunal (NCLAT) recorded the consent terms by Bollywood superstar Salman Khan and Jerai Fitness on mutual settlement, TaxScan.com reported. The bench allowed the withdrawal of his ₹7.24 crore…
Friday, November 7 2025
New IBBI Circular Clears Path for Restoration of Assets Attached by ED
The India's bankruptcy regulator has issued a circular empowering insolvency professionals to file applications before the special courts handling money-laundering cases for the restitution of the assets of stressed companies…
Friday, November 7 2025
Italian Toymaker Wins Court Protection From Ex-Advisor’s Insolvency Bid
Italian toymaker Giochi Preziosi SpA has obtained court protection from creditors after its former financial adviser asked a tribunal to place the company under insolvency. The firm was given 60 days to come up with a finalized…
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Acquisition of assets from a company declared bankrupt
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