Advance of ₹1.95 crore unpaid for Castor oil: NCLT admits Section 9 IBC plea against Evoq Remedies for failure to deliver goods or refund [Read Order]

In a recent order, the National Company Law Tribunal (NCLT), Ahmedabad Bench, admitted an insolvency petition filed by an operational creditor, a Panipat‑based proprietorship, against Evoq Remedies Limited after finding that the company failed to supply goods or refund an advance of ₹1.95 crore paid for castor oil. After the operational creditor Harbhole Agrotech issued a demand notice…

Ireland’s tools to save firms aren’t being used

Many viable Irish firms are going to the wall without trying the rescue processes available. BDO’s Ian Barrett looks at the under-utilised roles of Scarp and examinership Dozens of companies are potentially going to the wall without trying business-saving rescue processes. Last year, only 43 attempts of corporate rescue processes were made out of 812…

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The crash of Sydney property tycoon Jean-Dominique Huynh

The former Macquarie banker behind the redevelopment of Sydney’s iconic Sirius building has spectacularly collapsed into bankruptcy owing investors including a swath of the city’s wealthiest families more than $122 million. Jean-Dominique Huynh lived the high life, driving around in luxury cars and spending up on race horses, art and items from European fashion houses…

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