SINGAPORE – Insolvency proceedings brought against beauty and wellness group Mary Chia Holdings and three other parties have been dismissed, although a legal dispute over two loans totalling $350,000 remains unresolved. The Catalist-listed company announced on Oct 14 that the court had confirmed the dismissal of proceedings brought by Fullink Capital on Oct 13, following…
India’s Insolvency and Bankruptcy Code (IBC) was introduced to deal with financially distressed companies, improve creditor recoveries and give viable businesses a chance to recover. In real estate, it was also expected to offer a way out for stalled housing projects, allowing new investors or developers to step in and complete construction. On paper, the…
Corporate law and insolvency experts have welcomed a recent Supreme Court ruling that clarified a key issue under the Insolvency and Bankruptcy Code (IBC), holding that a creditor whose claim was largely extinguished during the insolvency process can still raise it as a counterclaim for the limited purpose of set-off in subsequent arbitration proceedings. The…
Character Technologies, the company behind the AI chatbot app Character.ai, filed for Chapter 11 bankruptcy this week, raising questions about what happens to millions of users’ private conversations. Oct 14, 2026 Updated Oct 16, 2026 Two women look at their mobile phones while sitting in a park in central Warsaw on Sept. 16, 2026. (Mladen…
REVEALED: Liquidator appointments for businesses in the Brisbane council area for October 14 The Courier Mail Read the original article here
Market snapshot: The National Company Law Appellate Tribunal has stayed the initiation of corporate insolvency proceedings against Polycab India Limited. The legal dispute centers on an alleged operational debt of ₹2.79 crore filed by Asier Metals Private Limited. Data Snapshot Alleged operational debt under legal challenge from Asier Metals Private Limited stands at ₹2.79 crore.…
Erskine Chambers adds insolvency law KC from Twenty Essex The Global Legal Post Read the original article here
They paid for their wedding photos in full. Some had photographers booked for months. Then, just days or weeks before the wedding, an email arrived saying the company they booked through was filing for bankruptcy. Customers of Boston-based Picture This Wedding were forced to hire someone else, and photographers working for the company say they’re…
Full list: Companies entering liquidation or administration across Australia on October 14 The Courier Mail Read the original article here
Armstrong Watson confirmed it was appointed joint liquidator of Genwise Ltd on October 6. The insolvency firm said it is now gathering information about the company’s assets, liabilities and affairs. Stephen McCullough, partner and head of business development and marketing at Armstrong Watson, said the liquidation remained at an early stage. He said: “As the…