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ARCs to gather 51% creditor support The new system moves away from creditors calling all the shots and lets company management stay in control, as long as they play by the rules with creditors. The goal? Speed things up: resolving cases in 150 days, with a possible 45-day extension, instead of 330. Asset reconstruction companies…
India’s insolvency framework could soon see a significant shift, with the proposed amendments to the Insolvency and Bankruptcy Code (IBC) introducing a mechanism that allows certain defaulting promoters to retain control of their companies during the resolution process, The Times of India reported on April 7. The system, according to the report (by Mayur Shetty),…
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REVEALED: Latest business liquidations in Stirling Daily Telegraph Sydney Read the original article here
India has made a big change in its insolvency law. The Insolvency and Bankruptcy Code (Amendment) Act, 2026 got approval from the President on 6 April 2026 and is now published in the Gazette of India. The law will start on dates decided by the Central Government, and different parts may start at different times.…
Steve Ellis, president of the nonpartisan budget watchdog Taxpayers for Common Sense, told us in an email, “I don’t think insolvency is the right term for the federal government. Except for a short time in Andrew Jackson’s presidency the country has always been in debt. Even when there was brief surplus in late 90s, early…
Doric Pub Company Limited has confirmed the closure of its Kittybrewster Bar and the Brig O’Dee Bar in the Granite City, as first reported by The Herald. The firm closed its two pubs after deciding to be wound up voluntarily, with Michael Reid, of MHA, appointed as the liquidator. According to recent documentation lodged with…
The liquidation of STR 48 seems to be the end of the road for Wells, even though his wife continued to briefly operate one of the Antipodea branches under a different company. Fittingly, this company also faced a tribunal claim in September 2025 for unpaid wages – and lost. All of the branches have now…
A renowned liquidator has been accused of being secretly behind an alleged predatory lender that appoints him to seize millions of dollars in assets from its defaulting borrowers. Blackbird Capital Group is under investigation by class action law firm Adero Law over allegations of unfair lending practices whereby the firm charges interest on commercial loans…