Representatives of the Korea Federation of Micro Enterprise meet the press at the Seoul Administrative Court in Seoul, South Korea, 05 August 2026. The gathering of small enterprises and mom-and-pop store owners launched an administrative lawsuit against the government’s notice of the following year’s minimum wage. Photo by YONHAP / EPA Aug. 30 (Asia Today)…
2.101 Singaporean Culinary Businesses Go Bankrupt Amid Rising Rental Costs VOI.ID Read the original article here
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SINGAPORE – They each drove Lamborghinis, wore expensive watches and ran schemes where they promised investors high returns for money put into their property deals and other businesses. But just three years after self-styled wealth gurus Lim Jian Bin, 36, and Jason Fong Wai Hong, 46, separately told dozens of investors that they could earn…
The liquidator of Suryajyoti Spinning Mills Ltd has issued a fresh sale notice for the textile company’s three Telangana manufacturing units and its residual movable assets, with a combined reserve price of ₹123.03 crore, according to a public notice published on August 26 in Business Standard, The Times of India (Telangana) and both the Greater…
Business-related personal insolvencies are surging, with the number of Australians entering insolvency for business reasons jumping 17.8 per cent in the June quarter. New figures from the Australian Financial Security Authority (AFSA) show 1,093 business-related personal insolvencies were recorded in the June quarter, up from 928 in the same period last year. The rise was…
Ozone Homes Private Limited, a real estate company undergoing corporate insolvency resolution process (CIRP), has invited expressions of interest (EoI) from prospective resolution applicants as it seeks to revive the company under the Insolvency and Bankruptcy Code (IBC). The invitation has been issued through a modified Form G by resolution professional Ashok Mittal. The revised…
The childcare regulator has ordered Edge Early Learning in Charnwood in Canberra’s Belconnen area to close for three months. The notice of suspension, issued by Children’s Education and Care Assurance (CECA), comes about a month after an Edge Early Learning centre in nearby Higgins was forced to shut immediately over its response to a serious…
Sintex Industries: NCLAT upholds clean slate principle, rejects shareholder’s plea for compensation ETLegalWorld.com Read the original article here
A law does not become unjust merely because it permits a large loss. Bankruptcy exists precisely because the whole debt cannot be recovered. Nor does an asset become a gift merely because its buyer pays substantially less than the failed company once owed. Debt is not value; an admitted claim is not a market price;…