NCLT admits insolvency plea against Ansal Props' promoter – The Economic Times

National company law tribunal (NCLT) has admitted a personal insolvency application filed by Indian Bank against realtorPranav Ansal, the promoter of Ansal Properties and Infrastructure, as per the contents of a court order.NCLT’s has directed the appointment of Roshan Lal Jain as the resolution professional to verify the claims made by Indian Bank against Ansal.…

UFC Gym Australia collapses into liquidation owing millions – Daily Mail

By Kevin Airs For Daily Mail Australia Published: 13:28 AEDT, 18 December 2023 | Updated: 18:43 AEDT, 18 December 2023 UFC Gym Australia and New Zealand, once boasting over 10 fitness centres in Sydney, Melbourne, Perth, and the Gold Coast, has been ordered into liquidation by … Read the full article at: https://www.dailymail.co.uk/news/article-12875527/UFC-Gym-Australia-collapses-liquidation-owing-millions.html

Shaun Barton: Recognising the warning signs of company insolvency – Scottish Financial News

Shaun Barton Shaun Barton, partner at Company Closure, highlights the warning signs of a company insolvency. When it comes to the impending, or actual, insolvency of a limited company, taking swift action is critical. Seeking the services of a business turnaround expert such as a licensed insolvency practitioner at an early stage could mean the…

Report names Lagos, six others viable states, declares six insolvent – Punch Newspapers

A report by Economic Confidential, a subsidiary of PR Nigeria, has declared seven states, including Lagos, Ogun, Rivers, Kaduna, Kwara, Oyo and Edo as the most viable states in Nigeria for 2022. The Assistant Editor of Economic Confidential, Zekeri Idakwo, disclosed this at a press briefing and presentation of the 2022 Annual States Viability Index…

A timely review of the effectiveness of Australia's restructuring and insolvency laws – Norton Rose Fulbright

The Parliamentary Joint Committee on Corporations and Financial Services (PJC), chaired by Senator Deborah ONeill, has handed down its final report into the effectiveness of Australias corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy. The Committee has made some far-reaching recommendations in the Final Report,…