IH Sydney Training Services (IH), a major provider of international education, has been placed into voluntary administration. This news, while shocking, was expected. It wasn’t known who, but many in the sector believed the current policy environment was set to break providers. IH appears to be the first major provider in this situation but may…
Shardul Amarchand Mangaldas & Co. advised the Committee of Creditors (CoC) of Vadraj Cement Limited (VCL), led by Punjab National Bank, in its corporate insolvency resolution process, culminating in the successful implementation of an INR 1,800 crore resolution plan for VCL. The resolution plan was fully implemented on June 20, 2025, with the payouts released…
In a big relief to Reliance Infrastructure, appellate tribunal NCLAT on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) suspended the order passed by the NCLT over an appeal filed by it. “In the appeal filed, the NCLAT, today has…
The National Company Law Tribunal (NCLT), Chennai Bench, has approved the appointment of Ms. Santhanam Rajashree as the new Liquidator for Uniply Industries Limited. This change comes after the Insolvency and Bankruptcy Board of India (IBBI) suspended the registration of the previous Liquidator, Lingumgunta Venkata Shyam Sundar, for a period of two years. The NCLT’s…
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By MAX ALDRED FOR DAILY MAIL AUSTRALIA Published: 01:10 AEST, 26 June 2025 | Updated: 08:28 AEST, 26 June 2025 Nike will take surfwear retailer SurfStitch to court in an effort to recover hundreds of thousands of dollars in allegedly unpaid debt. The sportswear giant filed an application for the winding up of SurfStitch in…
A Chinese language media group that claims to be New Zealand’s largest has been put into receivership less than four years after the liquidation of its predecessor. Best News Entertainment operates the Chinese Voice and Love FM Chinese language radio stations, as well as digital news outlet NZ936 that it describes as Stuff for the…
The Workers’ Union of Hindustan National Glass & Industries Ltd. (HNGIL) has raised concerns over the conduct of M/s Exclusive Capital Ltd. (ECL), a Reserve Bank of India (RBI)-registered Non-Banking Financial Company (NBFC), during the ongoing corporate insolvency process of HNGIL. In a representation dated June 24, the union urged the RBI and Justice (Retd.)…
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It is 2025, and the architecture of economic power remains grossly tilted against the nations of the global south. Nowhere is this imbalance more acute – and more enduring – than in the debilitating impact of sovereign debt. From the vast countries of Africa to the scattered but strategically vital small island developing states (Sids)…