Liquidation likely for troubled builder Inspired Homes – The West Australian
Liquidation likely for troubled builder Inspired Homes The West Australian Read the original article here
Data: As per IBBI Data, About 44% of The Closed CIRPs Moved Into Liquidation
The Insolvency and Bankruptcy Code (IBC), enacted on 28 May 2016, was designed to address corporate distress by enabling quicker resolution of insolvency cases and aiming to preserve the value of assets. As of December 2024, a total of 8,175 Corporate Insolvency Resolution Processes (CIRPs) had been admitted under the Code. Among the cases that…
Five steps to managing debt in a cost-of-living crisis
As the cost-of-living crisis bites, the number of people seeking help with business and individual debts is soaring. In March alone, calls to the National Debt Helpline’s small business advice number jumped to 570, that’s 49 per cent more than March last year and 18 per cent more than February 2025. Loading… Read the original…
Johnson & Johnson Loses in Court Again in Bid to Settle Talc Cases – The New York Times
Johnson & Johnson Loses in Court Again in Bid to Settle Talc Cases The New York Times Read the original article here
Insolvency-related activity and business start-up rates fall in Yorkshire and Humber
Dave Broadbent, chair of R3 in Yorkshire New business starts-ups and insolvency-related activity had both fallen across the UK and in Yorkshire and the Humber last month, according to the latest research from the UK’s insolvency and restructuring trade body, R3. The findings, based on an analysis of data provided by Creditsafe, show an 18%…
India’s Insolvency Law Has Bankers Going Bald – Bloomberg
India’s Insolvency Law Has Bankers Going Bald Bloomberg Read the original article here
NCLAT dismisses insolvency plea against PepsiCo India
Image used for representative purpose only. | Photo Credit: Reuters The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding. The appellate insolvency tribunal has upheld the earlier order passed by the Chandigarh bench of the…
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Hudson’s Bay liquidation sales end soon then stores in Canada close forever
After 355 years, beginning as a fur trading company incorporated by King Charles II, the end of Canada’s oldest retailer is fast approaching. Hudson’s Bay Company is expected to shutter all of its department store locations by June 2025, marking the final phase of a nationwide liquidation process that began in late March. In late…
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