New Delhi: India’s bankruptcy regulator has stepped in to break a gridlock between insolvency and money-laundering laws that has often stalled revival of companies. The Insolvency and Bankruptcy Board of India (IBBI) has offered guidance on how administrators of bankrupt firms could go about reviving the company when its assets are attached by the Directorate…
They survived the hurricane. Their insurance company didn’t. Northeastern University Read the original article here
One of the UK’s largest building control firms, Assent Building Compliance, has confirmed it has ceased trading After recent concerns regarding its viability future and a pre-tax loss of £2.2m, the collapse of Assent has been confirmed, with a… Read the original article here
The appellate tribunal NCLAT has set aside an appeal filed by Reliance Realty, a step-down entity of debt-ridden Reliance Communications, seeking recovery of rental and assets from Independent TV, a firm which was in the DTH business and is now facing liquidation. The National Company Law Appellate Tribunal (NCLAT) has upheld the earlier order passed…
The Insolvency and Bankruptcy Board of India (IBBI) and Enforcement Directorate (ED) have mutually devised a mechanism, allowing insolvency professionals (IPs) to bring assets of corporate debtors attached by the Enforcement Directorate (ED) back into the resolution pool. Such restitution of the assets is expected to give a fillip to the resolution process, by reducing…
The National Company Law Appellate Tribunal (NCLAT) recorded the consent terms by Bollywood superstar Salman Khan and Jerai Fitness on mutual settlement. The bench allowed the withdrawal of his ₹7.24 crore insolvency application bringing an end to the protracted legal battle between the two parties. Salman Khan was named the brand ambassador for Jerai Fitness…
By ERIN DEBORAH WAKS, TRAVEL WRITER Published: 23:21 AEDT, 5 November 2025 | Updated: 23:21 AEDT, 5 November 2025 A European tour company has declared bankruptcy amid the fallout from Play airline’s shutdown. Last month, budget airline Play cancelled all flights as it ceased operation with immediate effect. The Icelandic airline said it had gone…
Looking to deepen the practice of insolvency across the country, members of the President, Business Insolvency Practitioners Association of Nigeria (BRIPAN), Chiemezie Ihekweazu (SAN)(left); former President, Chief Anthony Idigbe (SAN); Babatunde Ogala (SAN); Chief Yusuf Asamah Kadiri (SAN) and Vice President, BRIPAN/Chairman, Conference Planning Committee, Albert Folorunsho during the body’s yearly conference at Muson Centre,…
After more than a decade in operation, Scottish independent whisky bottler Chapter 7 has gone into liquidation due to cashflow pressures and a downturn in sales. Chapter 7’s Monologue whisky range Kevin Mapstone and Kenneth Craig of insolvency specialist Begbies Traynor were appointed joint liquidators of Paisley-based Chapter 7 on 2 October 2025. Founded by…
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