The workforce impact of Takeda’s recently announced reorganization has become clearer: The Japan-based pharma estimates the restructuring will affect around 634 U.S. employees, according to a Worker Adjustment and Retraining Notification (WARN) Act notice, BioSpace reported. Takeda began notifying employees on March 25, the same day it announced a business transformation, which includes streamlining corporate functions. However, the company noted in the WARN notice that the total number affected could change as staff pursue and accept redeployment opportunities across its global network.

Vedanta Chairman Anil Agarwal has moved the Supreme Court challenging the approval of Adani Enterprises’ resolution plan for Jaiprakash Associates and following the National Company Law Appellate Tribunal’s refusal to stay its implementation, IndiaWest reported. The plea, filed on March 25, came after the appellate tribunal declined to halt the ₹14,543 crore plan. The dispute involves assets valued at nearly $4 billion, including power and cement units, residential projects, and the Buddh International Circuit near New Delhi.

India has proposed an overhaul of its bankruptcy law, including allowing financial creditors ‌to initiate insolvency proceedings and tightening deadlines, in a bid to speed up resolutions and promote ease of doing business, Reuters reported. Resolutions of stressed assets in India have been delayed despite a mandated 330-day timeline under the Insolvency and Bankruptcy Code, introduced ​in 2016, largely due to procedural and legal hurdles. Cases often pile up for admission at ​the National Company Law Tribunal, quasi-judicial body that adjudicates matters related to companies.

The National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BSE, ruling that insolvency courts have the authority to order the defreezing of Demat accounts of companies undergoing insolvency proceedings, The Economic Times reported. In its order, a two-member bench of the appellate tribunal said that the National Company Law Tribunal (NCLT) has clear jurisdiction under Section 60(5) of the Insolvency and Bankruptcy Code (IBC) to hear such matters and pass necessary directions.

In a significant blow to the regional food production sector, the Bursa 1st Civil Court of Intellectual and Industrial Rights has officially ordered the bankruptcy of the Turkish wafer giant Master Choco Gıda, P.A. Turkey reported. Despite an eight-year run that saw the company become a major player in wafer and chocolate production, a final attempt to restructure its debts via a concordat (debt restructuring) agreement was rejected by the court on March 29, 2026.

Bharat Rashtra Samithi (BRS) spokesperson Manne Krishank on Wednesday accused the Telangana government of awarding ₹2,500 crore in contracts to KLSR Infratech, a company currently under bankruptcy proceedings and investigation, The News Mill reported. The Enforcement Directorate (ED) had raided KLSR Infratech in 2018 and designated it a shell company. Speaking to ANI, Krishank stated that NCLAT member Justice Sharad Kumar recused himself from a case involving KLSR Infratech after citing pressure from a senior judge to favor the company.