The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant changes to the corporate insolvency framework by notifying the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2025. The amendment regulations, which came into effect on May 26, aim to streamline the insolvency resolution process and enhance…
Glastonbury ticket holders have been left thousands of pounds out of pocket after a luxury glamping company went bust. Festival-goers who booked their tickets and accommodation with Yurtel have been told the company can no longer fulfil its orders and has ceased trading with immediate effect. Money: Read all the latest news here Some had…
By Kingsley Webora TANKEH Chief Executive Officer-Ghana Investment Promotion Centre (GIPC), Simon Madjie, has urged Ghanaian businesses to seek restructuring and insolvency services in times of temporary financial difficulty to avert liquidation. “I want to strongly urge SMEs, state-owned enterprises and even large corporations to seek restructuring support at the first sign of distress and…
Corporate insolvencies in England and Wales rose last month to the highest level since July. They increased by 2.9% in April to 2,053, up from 1,996 in March, according to new figures from trade body R3. This is a 5.1% decrease compared to last April’s figure of 2,163 but a leap up of 13.2% since…
Intralot trims debt in cautious start to 2025 trading sbcnews.co.uk Read the original article here
On 26-5-2025, the Insolvency and Bankruptcy Board of India (‘IBBI’) notified Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (4th Amendment) Regulations, 2025 to enhance transparency, improve creditor protections, and streamline insolvency resolution. It came into force on 26-5-2025. Key Points: The notable changes that this Amendment brings to Insolvency and…
Australians who say they have been left stranded overseas and broke after their travel agency collapsed have now been told the company was likely trading while insolvent. Melbourne-based agency Traveldream — which was registered as Australian Travel Deals Pty Ltd and sold discounted flights, cruises and international tour packages — collapsed in April and went…
The day before Christmas eve in 2023, Andrew Ciaccio was up all night trying to soothe his stomach pains. When he woke, he could barely sit up. Something was wrong. “It was pretty intense,” he recalled. “I was vomiting and really sweating and really feverish and just really in rough shape. [I] couldn’t even put…
The Australian Securities and Investments Commission (ASIC) has this week issued notices of the liquidation of South Australian-based lighting company Vailo. Liquidator Robert Hutson of KordaMentha is seeking debts owed to parties including the National Australia Bank, and separately a Supreme Court order to wind up the company has been made with liquidator Robert Ferguson…
Unsecured creditors left out of pocket after collapse of Custom Construction The Post (Wellington) Read the original article here