“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 Read the original article here
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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The Guwahati National Company Law Tribunal (NCLT) has held that a dispute over the invocation and appropriation of pledged securities cannot defeat an insolvency petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, once the existence of financial debt and default is established. A Bench of Judicial Member Rammurti Kushawaha and Technical Member…
UK hauliers are going bust faster. But Europe’s got it worse Trans.INFO Read the original article here
UK hauliers are going bust faster. But Europe’s got it worse Trans.INFO Read the original article here
Swedish lighting company Heliospectra AB, which was founded in 2006, has been officially declared bankrupt by the Gothenburg District Court after filings were submitted on 27 July. Heliospectra’s Board of Directors are understood to have filed for bankruptcy after the company was unable to secure a financing solution within the available timeframe. As a result,…
Azets explains July corporate insolvency figures – Marketing Stockport We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkRead more Read the original article…
This was down 6.1% from 1,706 for the first half of 2025, according to Government data however, the second quarter saw a 10.2% rise compared to the first, with 840 companies in trouble, according to analysis from Buchler Phillips’ Hospitality Index. Furthermore, this meant the number of monthly hospitality insolvencies has remained consistently more than…