By order of the District Court of Gelderland dated, four companies in the MPS Group have been declared bankrupt. According to the courts in a filing on October 28, 2025, MPS Holding, MPS Systems, MPS Service & Commissioning and MPS Supply Chain have been declared bankrupt. E.R. Looijen, attorney at Stellicher advocaten N.V., has been…
The court appointed the Official Receiver as Liquidator of: Assent Building Compliance Limited (company number: 05311596) LB Building Control Limited (company number: 06442788) Oculus Building Consultancy Limited (company number: 03414863) The Official Receiver will wind-down the companies in accordance with her statutory duties. The Official Receiver will also inquire into the cause of the companies’ failure and conduct of the current and former directors…
The National Company Law Appellate Tribunal has set aside the NCLT order admitting Mahagun (India) Pvt Ltd into corporate insolvency, holding that the adjudicating authority failed to grant the corporate debtor adequate opportunity to file a detailed reply before reserving orders. The Tribunal directed that the Section 7 petition filed by IDBI Trusteeship Services Ltd…
Four Dutch entities in the MPS Group were declared bankrupt via the Dutch court system. MPS Holding, MPS Systems, MPS Service & Commissioning and MPS Supply Chain have been declared bankrupt in the Netherlands as of October 28. There are currently no official court reports, but those affected can get official updates via the Dutch Central Insolvency Register.…
Big changes likely in Insolvency and Bankruptcy Code? MSN Read the original article here
Toymaker Wins Court Protection From Ex-Advisor’s Insolvency Bid Bloomberg.com Read the original article here
New Delhi: The government is gearing up to make some of the biggest changes yet to the Insolvency and Bankruptcy Code (IBC) in the upcoming winter session of Parliament. While the law has seen several amendments since it was first introduced in 2016, the proposed IBC Amendment Bill 2025 is expected to be the most…
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Are there major changes in the Insolvency and Bankruptcy Code (IBC) on the cards? According to sources, the country’s bankruptcy law could see a major overall during the upcoming Winter Session of Parliament, which typically commences in late November and runs for a month. Among the proposed changes, industry stakeholders have sought the existing rules…
Gensol Insolvency, Remarks Against Insolvency Professional Pulkit Gupta Shall Not Affect His Conduct Or Character: NCLAT BW Legal World Read the original article here