The National Company Law Appellate Tribunal (NCLAT) rejected the appeals on the ground that the liquidator of the corporate debtor had the absolute authority to evict the subsidiaries occupying the properties of the corporate debtor and claim arrears of rent and license fees under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The corporate…
REVEALED: Latest business liquidations in Yarra Herald Sun Read the original article here
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The property developer behind a startling proposal to build a Trump Tower on the Gold Coast is a businessman who has gone bankrupt twice, the ABC can reveal. David Young of Altus Property Group this week stunned the Australian property scene by unveiling he had signed a deal with the Trump Organization for a 340-metre…
While tariffs helped bring the apparel innovator down, SRTX was already struggling to scale. Insolvent Montréal startup SRTX recently struck a deal to sell some of its assets to fellow Québec textile manufacturing firm AYK International. Court filings published online last week by SRTX trustee PricewaterhouseCoopers (PwC) share more details about the state of…
By Harry Mottram: Few would have thought that Epstein’s emails could have brought down members of the Royal Family, international lobbying outfit Global Counsel, the British Ambassador to America or even potentially the USA president. Sexual impropriety, sex trafficking and the rape of underage girls was at the core of the Epstein scandal but it…
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Construction sector sees highest insolvencies for fourth consecutive year Construction Wave Read the original article here
© sylv1rob1 / Shutterstock.com The Belgian subsidiary of French fashion retailer IKKS has just been declared bankrupt. This will affect around ten stores and dozens of jobs. Franchisees are expected to remain open. Takeover in France The French fashion retailer, which had been under judicial reorganization since October 2025, found a buyer in December: Santiago…
AMNI International Petroleum Development Company Limited (AMNI) has clarified that appellate processes which it is pursuing through appropriate judicial channels do not relate to insolvency or inability to meet its obligations. Didi Akinyelure, Head, Corporate Communications in a statement said the company continues to operate in the ordinary course of business and remains fully committed…