Indebted Chinese developer Sino-Ocean Group won approval for its restructuring plan from a UK court on Monday despite objections from some creditors, potentially paving the way for it to prevail in a liquidation lawsuit in Hong Kong. London’s high court approved the builder’s offshore restructuring proposal, which allows the state-backed company to overhaul some US$6…
One of London’s original craft beer names, By the Horns, has entered liquidation, with owners citing bad debtors, the economy and rent hikes as just some of the reasons. The company, founded in 2011 by Alex Bull and Chris Mills, started with a five and a half barrel kit in Summerstown, before moving production out…
The University of York is facing a financial crisis and are consequently trying to lower their running costs, but there is significant concern about how this will affect students’ experience, as well as the quality of teaching. Nouse spoke to a staff member from the TFTI department who said: “Every department had to produce a…
While dismissing the appeal, the court held that there was no extraordinary circumstance warranting the Court to entertain a writ petition when there is an alternative remedy According to the Madras High Court, situations in which the default persists after the moratorium term is not covered by the proviso to Section 10-A of the Insolvency…
Pottery business Royal Stafford – which dates back to 1845 – collapses into liquidation Insider Media Read the original article here
Abhishek Bachchan, who has been an entrepreneur for many years now, recently spoke about his investments, and said that there was a time when he was signing films just to fund his sporting business. But, he said, that isn’t the case anymore. The actor said that this strategy took the joy out of creative work,…
Owner of defunct Ponsonby restaurant SPQR declared bankrupt Stuff Read the original article here
India’s insolvency ecosystem has long advocated for a Pre-packaged Insolvency Resolution Process (Prepacks) for all corporates. In her budget speech, the Finance Minister has, perhaps inadvertently, taken a partial step forward on the subject.More than 99% of the Indian companies have a turnover which is less than ₹500 crores. In this context, the recent reclassification…
Budget 2025: Relief for a larger segment of Indian promoters under the insolvency code Economic Times Read the original article here
Morocco Reports Progress on Anti-Corruption, Debt Reduction, and Water Management Morocco World News Read the original article here