This article originally appeared in Insurance Day, March 2025. In January, the Insolvency Service issued its annual summary of company insolvency statistics, which revealed the number of company insolvencies registered in England and Wales in 2023 (25,164) was the highest annual number since 1993 and, while 2024 saw a slight decrease in this number (to…
BENGALURU: Granting limited indulgence, Karnataka high court on Thursday issued an interim order directing the resolution professional in the M/s Think and Learn Pvt Ltd (Byju’s) case to preserve all email communications between stakeholders in the case. The court said these emails may be required for the Corporate Insolvency Resolution Process or any related investigation.…
(TheNewswire) VANCOUVER, B.C. April 11, 2025– TheNewswire – HighbankResources Ltd. (the “Company”) (TSX.V – “HBK”) This news release isformal notice that Highbank Resources Ltd. has filed a CorporateAssignment in Bankruptcy effective April 10, 2025 under section 49 ofthe Bankruptcy and InsolvencyAct. The Company isunable to address any current significant losses nor any furtherobligations as they become due.…
Justice Nagaprasanna noted that the other prayers in the petition, including the minutes of the Committee of Creditors (COC) held on April 8, 2025, have to be placed before the appropriate authority. Ambarish B Last Updated : 11 April 2025, 19:52 IST Follow Us : Comments Read the original article here
New Delhi | Mumbai: Assessing officials continue to raise fresh tax demands on companies coming out of corporate insolvency, defying the ‘clean slate’ provision provided under the Insolvency and Bankruptcy Code (IBC) and multiple court rulings, throwing successful resolution applicants into legal limbo. Several such companies have faced tax demands over pre-acquisition liabilities, and have…
As of March 2025, the focus of the news release on bankruptcies will be on the changes compared to a year earlier and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides a clearer picture of the change in the number of bankruptcies in the…
In a landmark ruling delivered on 10 April 2025, the High Court of Justice adjudicated a notable case involving Dean McGuinness, the director and shareholder of Hitcham Homes Limited, and Goldentree Financial Services. This case, officially designated Dean McGuinness & Anor v Goldentree Financial Services Plc & Anor, stems from contentious financial dealings linked to…
Several businesses under the Sunterra banner, known in Alberta for its agriculture and high-end grocery operations, have taken steps toward creditor protection as three of its U.S. subsidiaries face legal and financial scrutiny. Late last month, Sunterra Quality Food Markets, Sunterra Food Corporation, Sunterra Farms, Trochu Meat Processors and Sunwold Farms all filed notices under…
But he will still appear on the WA Senate ballot paper, as electoral laws do not allow the commission to reject a fully completed nomination “regardless of whether any answer to a question of the qualification checklist is incorrect, false or inadequate”. Read the original article here
MC Hammer’s Rise and Fall: From $70 Million to Bankruptcy In the early 90s, MC Hammer was on top of the world. With chart-topping hits like “U Can’t Touch This” and “2 Legit 2 Quit”, Hammer amassed an estimated $70 million fortune at the height of his fame. But as quickly as the money poured…