The ferry service provided a link between Hythe and Southampton (Image: UCG/Universal Images Group via Getty Images) This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more A UK ferry service that had been running for more than 100 years has gone into liquidation. The Hythe…
New Delhi: Can a cooperative society buy or invest in a company during insolvency proceedings under the Insolvency and Bankruptcy Code (IBC)? Yes, said the Supreme Court on Thursday—but within limits. In a ruling that will shape the rights of cooperative societies in future insolvency proceedings, the top court ruled that Multi-State Co-operative Societies (MSCS)…
ANI | Updated: Apr 10, 2026 16:01 IST New Delhi [India], April 10 (ANI): Jaypee Group Founder Chairman Jaiprakash Gaur on Friday expressed confidence that the legacy of Jaiprakash Associates Ltd will be carried forward under the leadership of Gautam Adani after the company’s resolution process.In an official statement, Gaur said, “I have every confidence…
Friday, 10 April 2026 15:24 A UK company which made custom leathers for TT stars such as Joey Dunlop, John McGuinness, Bruce Anstey has gone into liquidation. Scott Leathers, based in Barnhard Castle for more than four decades, says rising costs and competition from the Far East means the business is no longer viable. It…
Executive Summary: The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (enacted April 2026) implements a series of extensive reforms to India’s corporate insolvency regime. Building on the IBC 2016 framework and prior amendments, the new Act introduces creditor-driven mechanisms (notably a Creditor-Initiated Insolvency Resolution Process, CIIRP), strengthens creditor and Committee of Creditors (CoC) powers, tightens…
With gradual maturity of China’s insolvency system, bankruptcy proceedings have shifted from something debtors feared and creditors resisted to a welcome tool for both parties to clear debt and rescue viable businesses. This article examines key practical issues and recent court practice to assess how bankruptcy law is addressing practical current problems and future challenges.…
Prime Minister Dr. Godwin Friday has issued a stark assessment of St. Vincent and the Grenadines’ economic health, describing the financial situation his new administration inherited as “dire”. In a recent comprehensive interview, the Prime Minister rated the inherited economy a mere “one or two” out of ten, pointing to an increasingly unmanageable national debt.…
Friday, 10 April 2026 14:53 Picture credit: Scott Leathers MD claims it’s one of the reasons firm went into liquidation The Managing Director of Scott Leathers is claiming a lack of trade at the TT is one of the reasons his company went into liquidation. The County Durham-based retailer was wound down last month –…