The Insolvency and Bankruptcy Board of India (IBBI) has announced an extension of the deadline for receiving public comments on nine key discussion papers relating to insolvency and bankruptcy regulations. It is originally set for April 28, 2026; the deadline has now been extended to May 5, 2026, giving stakeholders additional time to provide feedback…
Realty developer Embassy Developments has secured relief from insolvency proceedings after the National Company Law Appellate Tribunal (NCLAT) set aside an earlier order admitting the company to the corporate insolvency resolution process (CIRP).In a regulatory filing, the developer said the appellate tribunal has quashed the December 9, 2025 order passed by the National Company Law…
The liquidation phase of the Insolvency and Bankruptcy Code, 2016 (IBC) imposes a structured regime upon secured creditors, requiring them to make timely and transparent elections regarding their security interests. The consequences of procedural non-compliance can be severe, as demonstrated by the National Company Law Tribunal (NCLT), Mumbai Bench, in its judgment dated 13 April…
South African Airways (SAA) may face insolvency within the next 12 months unless it successfully improves its liquidity situation. This warning was issued by the Auditor-General of South Africa’s (AGSA) office on April 21, 2026, during a briefing to the Portfolio Committee on Transport regarding SAA’s current financial status. Thato Kunene, senior audit manager at…
The Himachal Pradesh High Court has rejected a GST notice and ordered the unblocking of Input Tax Credit (ITC) of Rs 4.27 crores. The court ruled that claims not filed during the insolvency process cannot be enforced afterwards, emphasising that the IBC law takes precedence over GST laws. The bench comprising Justice Vivek Singh Thakur…
Based in Des Roches Square in Witney, procurement firm Beacon International Trading Limited appointed liquidators Rob Keyes and David Taylor – both of KRE Corporate Recovery Limited – on Friday, April 24. This followed a decision by shareholders, passed on the same day, to wind up the company which was founded in 2022. On its…
Revival of a Legend: Spyker Returns with the New C8 Preliator Rumors about Spyker’s revival have proven true. Approximately half a year after news emerged about the return of the small Dutch automaker, it became known that the company will unveil a new version of the C8 Preliator at the August Pebble Beach Concours d’Elegance…
Kitchen appliance supplier and installation specialist Kaboodle has announced its immediate closure. Announcing the firm’s closure on LinkedIn, commercial director David Simpson said: “I’m sad to formally advise that Kaboodle is to be liquidated as a result of cash constraints. My thoughts and appreciation go to all those employees involved in the insolvency – it’s a…
Dubai’s Largest Food Company IFFCO Enters Provisional Liquidation AASTOCKS.com Read the original article here
A UK-based seafood supplier has collapsed into liquidation 30 years after it was founded. Cheek House Ltd was incorporated in February 1996 and has spent the intervening decades selling fish, crustaceans and molluscs to specialist retailers across Europe. The firm, which listed the UK, Spain, France and Switzerland as major trade bases, was registered to…