REVEALED: Liquidator appointments for businesses in the Yarra council area for August 19 – heraldsun.com.au
REVEALED: Liquidator appointments for businesses in the Yarra council area for August 19 heraldsun.com.au Read the original article here
Business.Scoop » Retail Insolvencies Jump 74 Per Cent As Business Distress Shifts To The Shop Floor
Press Release – BWA Insolvency BWA Insolvency principal Bryan Williams says the flat national figure reflects a shift in where financial distress is being felt, rather than a reduction in it. The number of retail businesses entering insolvency rose sharply in Q2, even as overall business failure numbers across New Zealand remained largely unchanged. BWA…
The historic 138-year-old private school that almost went bankrupt and then became one of the best in South Africa – newsday.co.za
The historic 138-year-old private school that almost went bankrupt and then became one of the best in South Africa newsday.co.za Read the original article here
Sheffield United could face 12-point deduction after company goes into liquidation
Sheffield United could be handed a huge point deduction after COH Sports Bidco Limited (CSBL) collapsed. United World, which sold Sheffield United to COH Sports Bidco, claims it is still owned £35m for the takeover that is about to seep into the club’s season just one week after it began. Advertisement Advertisement Sheffield United’s former…
Personal Insolvency Moratorium Does Not Stay Cheque-Bounce Proceedings Against Directors: Bombay High Court
The Bombay High Court has held that personal insolvency proceedings initiated by a company director do not require cheque-bounce proceedings against the director to be stayed where the dishonoured cheque was issued towards the company’s debt. Justice N. J. Jamadar observed, “To put it in other words, the debt referred to in Section 96 must…
NCLT lets SpiceJet lessor withdraw IBC plea, imposes ₹15 lakh costs | Company News
The Delhi Bench of the National Company Law Tribunal (NCLT) on Wednesday permitted aircraft lessor Aviator ML 29641 Limited to withdraw its insolvency plea against SpiceJet after the parties settled their dispute, while directing them to jointly pay ₹15 lakh in costs for reaching a settlement after the matter had been reserved for orders.…
Why delays in resolution remain a key challenge under Insolvency process
“These prolonged timelines highlight the impact of ageing cases, litigation and procedural bottlenecks on recovery efficiency,” it pointed. Even as delays remained a challenge, recoveries under IBC improved sequentially in the April-June quarter, with financial creditors recovering 28.6% of admitted claims, compared with 22.8% in the January-March quarter. During the quarter, financial creditors realised Rs.…
End of the line for 143 businesses in South Africa – businesstech.co.za
End of the line for 143 businesses in South Africa businesstech.co.za Read the original article here
R3 report: New business registrations fall across the south east as latest insolvency data published – portsmouth.co.uk
R3 report: New business registrations fall across the south east as latest insolvency data published portsmouth.co.uk Read the original article here
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