REVEALED: Liquidator appointments for businesses in the Wyndham council area for September 1 – Herald Sun
REVEALED: Liquidator appointments for businesses in the Wyndham council area for September 1 Herald Sun Read the original article here
Redditch council tax bailiff use falls by 16 per cent
The figure, shared by the charity as part of its annual Stop the Knock campaign, covers the 2025/26 financial year and represents a 16 per cent reduction compared to the previous year. Despite the drop, concerns remain about the use of enforcement action against the most vulnerable residents. Edward Ware, spokesperson for National Debtline, said:…
Bessent pushes faster sovereign debt relief
Asheville, Sep 1 (IANS) US Treasury Secretary Scott Bessent has called for faster, more transparent and predictable sovereign debt restructuring as developing economies confront mounting debt burdens, weaker financing flows and growing liquidity pressures. Addressing a G20 meeting on sovereign debt in Asheville, North Carolina, Bessent said the group would establish a technical-level study group…
Leading Labels launches closing down sales at all 15 stores
Leading Labels, founded in 1993, is a long-running clothing retailer that draws shoppers with major brands at outlet prices. It stocks discounted fashion items from big-name brands, including Calvin Klein, Wrangler, and Joules. At its peak, Leading Labels ran around 30 stores with more than 200 employees. Leading Labels falls into liquidation Leading Labels is…
Carlisle shop closures see residents lose only FedEx point
The Bedford Road Premier Foreways store in Carlisle, part of a chain across the city, was the only authorised FedEx parcel drop-off location in the city before it closed permanently. The Bedford Road store appears to have already been taken off the FedEx location finder. FedEx points in North Cumbria and Scotland, following the liquidation…
SIGA proposes liquidation of Ghana Railway Company, staff absorption into GRDA
By: Benjamin Nii Nai Anyetei The State Interests and Governance Authority (SIGA) has proposed the liquidation of the Ghana Railway Company Limited (GRCL) and the absorption of its employees into the Ghana Railway Development Authority (GRDA) as part of a major restructuring of Ghana’s railway sector. The proposal is contained in SIGA’s 2025 State Ownership…
Embassy Developments: Supreme Court Hearing Set in Canara Bank Insolvency Appeal
Embassy Developments Limited has announced an update regarding the Corporate Insolvency Resolution Process. Canara Bank has filed an appeal with the Hon’ble Supreme Court of India against a previous order dated May 4, 2026, which favored the company. The matter is scheduled for a hearing on September 24, 2026. No interim orders or stays have…
NCLT Stays ₹6.25 Cr Repayment Plan in Subhash Chandra Insolvency
The NCLT has halted a proposed plan to settle ₹22,006 crore in claims against Subhash Chandra with a payment of just ₹6.25 crore. The tribunal has ordered a fresh hearing due to a split verdict among its members and issued an order barring the Zee Group founder from selling his assets. This development marks a…
‘Gutted’: Christchurch gym in liquidation amid $500k debt and ‘legally hopeless’ court battle – The Press
‘Gutted’: Christchurch gym in liquidation amid $500k debt and ‘legally hopeless’ court battle The Press Read the original article here
Insolvency and the law: Subhash Chandra case raises wider questions about IBC
India Today spoke to legal experts to get an insight into the various legal issues and ramifications on Insolvency Law in India. Also Read: ‘My borrowing is ₹0’: Subhash Chandra explains ₹22,000 crore personal guarantee controversy Why a five-member bench? NCLT normally functions through two-member benches. Section 419(5) of the Companies Act, 2013 provides a mechanism…