A Christchurch based product development company has been placed into liquidation after failing to successfully commercialise a product aimed at preventing sea sickness. Motion Research Limited, formerly trading as See Level, was put into liquidation on 19 March 2026, with licensed insolvency practitioner Robin Crimp of RAC Insolvency Limited appointed as liquidator. The company, which…
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Business insolvencies down in 2025 but still above pre-pandemic levels, insolvency association says Lexpert Read the original article here
The bankruptcy court in Mumbai has admitted the listed pharma firm, Supha Pharmachem (formerly Remedium Lifecare), to the Corporate Insolvency Resolution Process (CIRP) and has appointed Rajesh Jhunjhunwala as the interim resolution professional (IRP) of the company. Mumbai-based Supha Pharmachem‘s operational creditor, Boston Ivy Healthcare Solution, had approached the National Company Law Tribunal (NCLT) after…
Insolvency professional suspended for 2 yrs for lapses in Supertech, Nobility cases MSN Read the original article here
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REVEALED: Latest business liquidations in Whittlesea Herald Sun Read the original article here
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As global economic uncertainty persists — driven by the current U.S.-Israeli conflict with Iran and broader political, economic, and trade tensions — business concerns about nonpayment and customer insolvency are growing. Elevated interest rates and volatile financial conditions are causing a rise in bankruptcies, and prompting businesses to consider purchasing trade credit insurance. Long viewed…