Representative image (PTI photo) NEW DELHI: The number of days taken for finalisation of the insolvency resolution plan has dropped from 752 days at the end of the March quarter to 694 days at the end of June, but remains significantly higher than the prescribed 180 days, which can be extended by another 90.According to…
Todd Greenberg, CEO of Cricket Australia, has raised concerns that Test cricket may become financially unfeasible for certain nations. He has called for a focus on fewer, more prominent matches to preserve the format’s value. Greenberg believes that making Test cricket more exclusive will help maintain its prestige in the modern era. Test cricket has…
More pieces of struggling 213-year-old Dutch shoe brand declared bankrupt | NL Times Skip to main content Read the original article here
Jewellery retailer Claire’s set for insolvency in Ireland and UK after sale talks fail Business Post Read the original article here
Tween Jewelry Retailer Claire’s Set for UK Insolvency After Sale Talks Fail Bloomberg.com Read the original article here
According to Soumitra Majumdar, partner, JSA Advocates & Solicitors, the adjudicating authority is mandated to consider only instances of default for initiation of corporate insolvency resolution plan (CIRP). “Narrowing the scope of adjudication should significantly lessen the adjudication timelines and thus solve for the admission delays and the consequent value erosion,” Majumdar says. The eligibility…
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On 1 August 2025, PB-tec, specialised in horticultural technology and part of Atrium Agri, has acquired all assets from the bankrupt estate of CE-Line, which was declared bankrupt on July 22nd, 2025 by the Court of Midden-Nederland with appointment of Mr B.J. van Dijen as trustee. The acquisition includes, among other things, the intangible…
Potato producer CêlaVíta has been declared bankrupt. The announcement was made on the afternoon of 12 August. Since 1967, the company has built its reputation as one of the best-known suppliers of potato products to supermarkets, the food industry, hotels, restaurants, and…
Lenders prioritized over government’s dues in IBC Amendment Bill, guarantors can’t disrupt insolvency Moneycontrol Read the original article here