India Foulston | Restructuring & Insolvency | Manchester

India is an Associate in the Restructuring & Insolvency department, based in our Manchester office. India deals with all aspects of corporate insolvency, advising national and regional insolvency practitioners, company directors and creditors, on both non-contentious and contentious insolvency issues. This includes experience in assisting with the administration appointment and extension process, business and asset…

NCLT orders liquidation of Go First Airways

On May 2, 2023, Go First filed a voluntary plea under Section 10 of the IBC, seeking admission to the Corporate Insolvency Resolution Process (CIRP). The NCLT admitted the application on May 10, appointing a Resolution Professional (RP) to manage the airline’s affairs. In response, the airline’s lessors appealed to the National Company Law Appellate…

Luxury fashion retailer Harrolds collapses owing $16m

An Australian luxury fashion retailer, which spruiked celebrities visiting its store and stocked some of the world’s most famous designers, has collapsed owing $16 million. After nearly 40 years of operation Harrolds was quietly placed into liquidation at the start of October. The company was founded in 1985 with its first store opened in Melbourne…