The Supreme Court has allowed an appeal in a case pertaining to the Insolvency and Bankruptcy Code, 2016 and reiterated that all the dues including the statutory dues owed to the Central Government, if not a part of the Resolution Plan, shall stand extinguished. The Appeal before the Apex Court was filed under Section 62…
New Delhi: Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia’s PT BBN Airlines over unpaid lease rentals totalling $5.94 million. The National Company Law Tribunal (NCLT), Delhi bench, heard the case on Friday but has yet to issue a notice after SpiceJet sought time to respond. The next hearing has been…
More details emerge on Zorzi Builders failure The West Australian Read the original article here
TORONTO — Hudson’s Bay is expected to be back in court today, where it continues to seek permission to liquidate all of its stores as part of its creditor protection case. Since Monday, the department store chain that holds the title of Canada’s oldest company wants Ontario Superior Court judge Peter Osborne to allow it…
Hudson’s Bay heads back to court where it’s been asking for liquidation permission CTV News Read the original article here
Concerns were raised that tech companies Affinity Technology Solutions Limited and RCSR Tech Limited were operating a direct debit scam Monthly payments of around £30 were made without customers’ knowledge or permission, complainants said Both companies have now been shut down in court following investigations by the Insolvency Service Two connected tech companies which claimed…
Ilma is an Associate in the Restructuring and Insolvency Team in Freeths’ Sheffield office. Ilma joined the team in December 2019 and, following the completion of her training contract, qualified as an Associate in June 2024. She has experience in both corporate restructuring and insolvency matters. Ilma advises a wide range of stakeholders involved in…
Robert Young, Partner in Restructuring and Insolvency at Azets. Credit: Azets. Registered company insolvencies in the UK rose by 2.9% in February 2025, with 393 companies facing compulsory liquidation, according to business advisory group Azets. Azets is an international business advisory group, employing 9,000 experts across 190 locations in eight countries, with more than 100,000…
TORONTO — Hudson’s Bay is expected to be back in court today, where it continues to seek permission to liquidate all of its stores as part of its creditor protection case. Since Monday, the department store chain that holds the title of Canada’s oldest company wants Ontario Superior Court judge Peter Osborne to allow it…
TORONTO — Hudson’s Bay is expected to be back in court today, where it continues to seek permission to liquidate all of its stores as part of its creditor protection case. Since Monday, the department store chain that holds the title of Canada’s oldest company wants Ontario Superior Court judge Peter Osborne to allow it…