Indian Institute of Corporate Affairs (IICA) inaugurates sixth batch of its flagship Post Graduate Insolvency Programme (PGIP) PIB Read the original article here
As we enter 2025, we bring you a list of companies against whom the corporate insolvency resolution process started. The top pick for us is Sunblink Real Estate, which has been dragged to the insolvency court by Piramal Capital & Housing Finance Ltd for defaulting on a loan of Rs 846 crore. Case 1: Piramal…
After 39 years in business, high-end fashion retailer Harrolds was placed into liquidation earlier this month with debts of $http://www.businessnewsaustralia.com/12.5 million, but a message on the company’s website has alluded to a possible resurrection of the business. Andrew MacNeill, of SMB Advisory, was appointed liquidator to four subsidiaries of the Melbourne-based Harrolds Group on 3…
(Bloomberg) — Hong Kong gym chain Physical Beauty & Fitness Holdings Ltd. received a liquidation order in Hong Kong after the judge said the company is insolvent. The company’s assets, mainly gym and beauty equipment after adjustments, are worth just over HK$15 million ($1.9 million), Judge Linda Chan said at a court hearing on Monday.…
Hong Kong Gym Chain Physical Heads to Liquidation After Hearing Bloomberg Read the original article here
R3’s analysis of Creditsafe data revealed a minor drop from 211 in November to 203 in December. This figure includes administrator and liquidator appointments and creditors’ meetings. However, this number is significantly lower than October’s 293, the highest figure since March 2022. The South East’s insolvency-related activities are the sixth highest in the UK, behind…
Hong Kong Gym Chain Physical Heads to Liquidation After Hearing Bloomberg Read the original article here
At the end of 2023, Akron City Council allocated $500,000 of American Rescue Plan Act (ARPA) funds toward a medical debt relief program with a goal of providing relief to some Akron residents struggling to pay medical bills. Since then, Undue Medical Debt, the non-profit the city contracted with, “has not invoiced the city for…
Mui Kai-ming, brother of late singer Anita Mui declared bankrupt after losing compensation case Dimsum Daily Read the original article here
A High Court judge will decide whether the companies should be liquidated following a hearing scheduled for February 4. If liquidation occurs, liquidators’ reports should shed more light on the companies’ outstanding debts. In the meantime, Inland Revenue declined to comment. In a statement, Mills said he had spent the past eight months negotiating with…