IBC 7th Amendment Aims To Cut Insolvency Delays, Says Crisil Ratings – KNN India
IBC 7th Amendment Aims To Cut Insolvency Delays, Says Crisil Ratings KNN India Read the original article here
Dubai's Largest Food Company IFFCO Enters Provisional Liquidation – AASTOCKS.com
Dubai’s Largest Food Company IFFCO Enters Provisional Liquidation AASTOCKS.com Read the original article here
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NCLAT clears Adani bid, turns down Vedanta plea
New Delhi The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Vedanta in connection with the ongoing insolvency proceedings of Jaiprakash Associates Limited (JAL), bringing closure to a prolonged legal contest over the resolution process. While pronouncing its judgment, the appellate tribunal observed that it did not find…
NCLAT sets aside Embassy Developments insolvency order and closes process
Final order protects embassy, ₹4,600cr pre-sales The tribunal also rolled interim protections into its final order, so there are no lingering legal worries for the company. Embassy says its projects kept running smoothly through it all. Chairman Jitu Virwani called the case a “This was a legacy issue whereby a letter by Indiabulls Real Estate…
Malaysia blocks Resorts World Sentosa bid to recoup debt through bankruptcy petition
The Ipoh High Court has ruled that casino-related debts cannot be enforced in Malaysia. Malaysia.- The High Court in Ipoh has dismissed a bankruptcy petition filed by Resorts World Sentosa against Malaysian player Lee Fook Kheun over an alleged debt of RM26m (US$6.6m). Judge Moses Susayan ruled that the claim could not be enforced because…
Embassy Developments Cleared of Insolvency, But Stock Faces Steep Drop
Legal Reprieve Lifts Insolvency Cloud Embassy Developments has won a major legal reprieve. The National Company Law Appellate Tribunal (NCLAT) has overturned a previous order that had started insolvency proceedings against the company. This decision ends any insolvency process against the real estate developer, lifting a significant cloud of uncertainty that followed a December 9,…
Clearwater Land Holdings Placed into Liquidation for Restructuring
CHRISTCHURCH – Clearwater Land Holdings Ltd, the entity formerly responsible for the Clearwater golf course in Christchurch, has been placed into liquidation. The move, described as being for “restructuring purposes,” was initiated last Monday by special resolution of its shareholders, Clearwater Property Holdings Ltd and Wildlife Investments Ltd. John Darby, a Queenstown…
9 car dealerships close or plunge into administration – 2,500 jobs lost or at risk | UK | News
The industry has been grappling with shifts in demand, rising costs and the threat of EVs (Image: Getty) A wave of disruption has hit the UK automotive retail sector, with several major dealership groups and independent operators either closing sites or falling into administration. Thousands of jobs are now either confirmed lost or hanging in…
Over 370 businesses in South Africa shut down in just three months – BusinessTech
Liquidations in South Africa saw another sharp spike in March, rising 8% month-on-month, following a 40% surge in February. According to the latest liquidation statistics from Stats SA, the country recorded 146 liquidations in March 2026, up from 135 the month before. When added to the 96 recorded in January, the country experienced 377 liquidations…