Christchurch eateries fold with $2.54m debt

A Christchurch takeaway and restaurant business with sushi outlets under the Hachi Hachi brand has folded while owing staff holiday pay and a hefty tax bill. The seven companies, owned by Hachi Hachi founders and directors Titi Khemarangsan and Bundit Kijpalakorn, were placed in voluntary liquidation on March 25. Initial liquidator reports for the businesses…

Bad bank’s top lawyer reveals India’s big insolvency issues

Ishita Sharan, legal head of the NARCL, India’s ‘bad bank’, sheds light on mounting insolvency challenges and the critical role of the bank in tackling stressed assets. Indrajit Basu reports The report also indicates that 1,983 bankruptcy cases remain active within the corporate insolvency resolution process (CIRP) framework. After creditors assess the recovery potential and…

QUANTRON explores opportunities to successfully continue business operations

QUANTRON explores opportunities to successfully continue business operations Provisional insolvency administrator examines chances of continuing business operations of Quantron AG QUANTRON explores opportunities to successfully continue business operations Preliminary insolvency proceedings launched to continue Quantron AG operations with BBL Brockdorff receiving mandate to structure further business activities Denis Muratov becomes Chairman of the Supervisory Board…