Faced with a debtor who (i) had repeatedly acknowledged indebtedness yet failed to pay; (ii) argued that the business rescue application lodged on the eve before the liquidation hearing (which application was only issued minutes before the hearing) suspended the progress of the liquidation application; and (iii) raised jurisdictional objections, the Western Cape High Court…
159-year-old whiskey brand files disputed Chapter 11 bankruptcy thestreet.com Read the original article here
Shirpur Gold Refinery Limited Schedules Twenty-Nineth Committee of Creditors Meeting for March 20, 2026 scanx.trade Read the original article here
Fawn and Keith Weaver, founders of Uncle Nearest, have sued their lender, Farm Credit Mid-America (FCMA), alleging the bank led a smear campaign against the Tennessee whiskey brand. The Nearest Green Distillery in Shelbyville, Tennessee, welcomes more than 200,000 visitors annually Yesterday (17 March), Fawn Weaver took to Instagram to announce that “the receivership of…
The German subsidiary of R-Pharma went bankrupt Ореанда-Новости Read the original article here
Following the Political Guidelines 2024–2029 of the European Commission and the mission letter of the Commissioner for Democracy, Justice and the Rule of Law, the Commission’s January 2025 Competitiveness Compass announced the creation of a “28th regime” as part of a broader strategy to strengthen the competitiveness of the European economy. The objective is to…
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has admitted an insolvency petition, initiating the Corporate Insolvency Resolution Process(CIRP) over unpaid operational dues. Also found that the corporate debtor defaulted on payments amounting to ₹5.86 crore, including contractual interest, even after service of a statutory demand notice under Section 8 of the Insolvency and Bankruptcy…
A UK aircraft sales company has collapsed into liquidation after nearly a decade in business. P3R Aviation Limited, which was based in Glenthroes, Scotland, before it ceased trading this month, has appointed liquidators to “conclude its affairs in an orderly manner”. The firm dealt with the sale of machinery, industrial equipment, ships and aircraft for…
He failed more than once before he found his footing, a young confectioner whose early ventures collapsed under financial strain and inexperience. Each setback chipped away at his resources but quietly strengthened his resolve. Instead of stepping away, he studied what went wrong, refined his craft, and returned with sharper focus. Those early failures became…
National Company Law Tribunal, Hyderabad Bench: In an application filed under Section 95, Insolvency and Bankruptcy Code, 2016 (IBC) by Bank of Baroda (Financial creditor) seeking initiation of personal insolvency resolution process (PIRP) against the personal guarantor of Vijay Home Appliances Ltd., the Bench of Rajeev Bhardwaj, Member (Judicial), and Sanjay Puri, Member (Technical), held…