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Headlines
SC Rejects Insolvency Plea Against ECL
The Supreme Court on Tuesday refused to allow UV Asset Reconstruction Co to initiate insolvency proceedings against Electrosteel Castings Ltd (ECL), while upholding a 2024 ruling of the National Company Law Appellate Tribunal (…
Future of Luxembourg City Housing Project Unclear After Developer Capelli Files for Insolvency
Capelli Lux, the Luxembourg arm of French property group Capelli, has entered insolvency proceedings, casting doubt over the future of a major construction project in Howald, the Luxembourg Times reported. On Monday, insolvency…
U.K. Productivity Puzzle: Zombie Firms Fail, But Jobs Remain Scarce
The UK is in “a slow but consequential transition”, said authors of a new report from the Resolution Foundation, according to EuroNews.com. “Fewer people of working age; a more fragile politics; higher taxes; and an economy that…
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