Summary: The Delhi High Court heard a petition filed by JMD Lightening & Cable Co. challenging the Order-in-Original dated 25 January 2025, which had imposed a tax and penalty demand of ₹80.92 crore.

Bankrupt Brazilian airline Azul (OTC:AZULQ) has reached a settlement with unsecured creditors in its Chapter 11 process, Reuters reported on Saturday, citing a company statement. According to Reuters, ...

Universal Credit and Pension Credit are among many financial lifelines for people living in the UK. However the Department for Work and Pensions (DWP) has warned claimants may face cuts worth between ...

Halloween falls on a Friday this year, making for a long weekend of frights and spooktacular events and parties in Orlando. Here’s a legion of terrifying events worth your attendance … if you dare.

Through a Chapter 7 liquidation, creditors can “have faith” that a trustee will be fair and impartial in the sale of the Merit Street assets, Judge Scott W. Everett of the U.S. Bankruptcy Court for ...

Terry has 25 years experience in journalism and communications, reporting on a range of topics that include personal finance, telecommunications, Congress, government regulations, and criminal justice ...

The assessee, Ginni Filaments Ltd., a company engaged in the manufacturing of knitted fabric, yarns, and readymade garments, filed its return of income for the assessment year 2020-21. The case was ...

Alternative hospitality company Sonder Holdings is trying to avoid filing for bankruptcy as it struggles to pull itself from a yearslong spiral of losses. The San Francisco-based firm, which trades on ...

NEW YORK, Sept 29 (Reuters) - U.S. auto parts maker First Brands filed for bankruptcy protection on Monday after disclosing liabilities exceeding $10 billion, marking the collapse of a company whose ...

Creditors have begun receiving funds from the estate of bankrupt crypto exchange FTX, on-chain data shows. According to a new post on the social media platform X, blockchain analytics firm Arkham ...

Two groups of creditors of troubled water company Thames Water are in a High Court dispute over how best to keep it afloat, as the utility will run out of money by March if restructuring is not ...