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New Delhi, Sep 11 (KNN) The Insolvency and Bankruptcy Board of India (IBBI) has directed insolvency professionals (IPs) to remain vigilant and conduct due diligence where circumstances suggest that the insolvency process may be misused for purposes other than resolution or liquidation of a corporate debtor. In a September 9, 2026, circular issued under Section…
Another travel company ordered to close in bankruptcy, cancel all trips thestreet.com Read the original article here
Once-popular mall chain confirms bankruptcy wind-down plan Cleveland.com Read the original article here
Will Germany’s Cuban cigar distributor restructure or liquidate its assets? That’s now the major question for 5th Avenue Products Trading GmbH, which distributes Cuban cigars to Germany, Austria and Poland. Last week, the company halted operations and notified retailers that it would no longer be supplying Cuban cigars for the time being. Now, the company…
Property developer Michael O’Flynn has won his High Court challenge to a personal insolvency arrangement (PIA) secured by his former business partner and neighbour John O’Driscoll. Judge Nessa Cahill, in upholding O’Flynn’s objection to the PIA coming into effect, found O’Driscoll was “unequivocally not insolvent” in November, 2021. That means his PIA is deemed at…
REVEALED: Liquidator appointments for businesses in the Monash council area for September 11 heraldsun.com.au Read the original article here
Stoke Mill Restaurant Ltd, based in Stoke Holy Cross, south of Norwich, appointed liquidators this week blaming “astronomical costs” facing the hospitality industry. The company is controlled by chef patron Andrew Rudd and Ludovico ‘Ludo’ Iaccarino, whose father Rio founded the venue in 1975. Ludovico Iaccarino and Andrew Rudd at Stoke Mill (Image: Newsquest) Mr…
The Insolvency and Companies List has dismissed a wide-ranging specific disclosure application brought in an unfair prejudice petition, ruling both that transactions carried out by an independent liquidator after a company enters creditors’ voluntary liquidation cannot generally be treated as conduct of that company’s affairs, and that the disclosure sought in any event failed to…