In the case involving Alora Davies Developments 104 Pty Ltd, a company in liquidation, the plaintiff liquidator established a ‘de facto’ director claim enabling the liquidator to pursue recovery for an insolvent trading claim and other voidable transactions. The decision highlights the necessity of appropriate evidence being cited by liquidators to ensure that de…
Teikoku Data Bank revealed that the number of bankrupted taxi companies in a debt of more than 10 million yen in Japan was record-high 82, 19 more companies than 63 in 2023 or more than the previous record of 73 in 2019. The total consisted of 35 bankruptcies and 47 discontinuances or breakup. Out of…
Lenders of Jaiprakash Associates have extended the deadline for submission of resolution plan to June 24 on request of prospective bidders. In a regulatory filing, Jaiprakash Associates Ltd (JAL), which is facing insolvency process, said the Committee of Creditors (CoC) has approved the deadline extension. In terms of the invitation for expression of interest, the…
Brescia Declared Bankrupt Over €3 Million Debt: Which Brazilian Clubs Face Similar Risks? FootBoom Read the original article here
Three-pronged package of measures to deliver a fairer system of debt enforcement Plans to improve independent regulation of the enforcement industry to boost oversight Number of doorstep visits by bailiffs to be reduced to limit unfair build-up of fees New reforms to the enforcement sector will protect the financially vulnerable and give those facing debt…
Hobbycraft Trading Limited entered a Company Voluntary Arrangement on 13 May 2025. The company is continuing to trade as it restructures its operations. This page provides information on how to claim redundancy pay for those affected. Anthony John Wright and Geoffrey Paul Rowley of FRP Advisory Trading Limited, who had previously been appointed Joint…
Bankruptcy filings fall in eastern Mass. despite ongoing business challenges The Business Journals Read the original article here
AGI Greenpac Limited has raised fresh concerns with the committee of creditors (CoC) over the acquisition of Hindusthan National Glass & Industries Limited (HNGIL) by Independent Sugar Corporation Limited (INSCO), alleging procedural lapses . In its latest, AGI’s letter to the CoC has alleged that INSCO’s Green Channel approval under Combination Registration is invalid. AGI…
New Delhi, Jun 9 (PTI) Lenders of Jaiprakash Associates have extended the deadline for submission of resolution plan to June 24 on request of prospective bidders. Lenders of Jaiprakash Associates have extended the deadline for submission of resolution plan to June 24 on request of prospective bidders.. (Representative photo)(Pixabay) In a regulatory filing, Jaiprakash Associates…
The courts are generally reluctant to interfere with the outcomes of creditors’ meetings at which resolutions are voted on and passed. After all, such resolutions are decided and voted on by the creditors, thereby representing the wants of the majority. In the case of Zipmex Pte v Zipmex Asia Pte and another and another matter…