New Delhi, May 1 (UNI) The National Company Law Appellate Tribunal (NCLAT) on Thursday rejected an appeal by Drilltech Engineers that challenged the Chandigarh Bench of the National Company Law Tribunal (NCLT) for refusing to initiate insolvency proceedings against real estate giant DLF Limited. The appellate bench, headed by Justice Ashok Bhushan (Chairperson) and comprising…
Battery recycler Li-Cycle announced Thursday that it was seeking buyers for its business and assets – hoping to strike a deal and avoid filing for bankruptcy protection. The Canadian company was building a massive hub facility at Eastman Business Park but abruptly halted construction in the fall of 2023, citing escalating construction costs. Since then,…
The business holds the licences for Australian surf brands Roxy, Billabong and Quiksilver has filed for bankruptcy in the US. Liberated Brands has filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code, the company confirmed in a statement. The company will close over 100 of its retail locations in the US…
Li-Cycle is for sale, bankruptcy may be next, company warns Rochester Business Journal Read the original article here
How Abengoa Group impacted the Spanish economy EY Read the original article here
Date published: 1 May 2025 The Department for the Economy (the Department) has accepted a disqualification undertaking from the director of a company involved in children’s daycare. The undertaking was received for four years from Cleiona Bridget Collins (51) of Striff Lane, Omagh, in respect of her conduct as director of Little Angels Daycare Loughmacrory…
The plea filed by invoice discounters of a Reliance Retail-backed company has sought admission of Dunzo into the Corporate Insolvency Resolution Process (CIRP). The matter was first listed for pronouncement on April 4, but the NCLT had then also said it had not been able to finalise the order. It was subsequently relisted for April…
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Several notable operators, including Scott’s Refrigerated Logistics, have collapsed in recent years. Photo: Scott’s Mounting financial pressure is pushing more Australian transport and logistics operators to the brink, as insolvencies in the sector accelerate, says a leading business recovery and insolvency firm. Jirsch Sutherland said a combination of rising costs, labour shortages, regulatory burdens and…
Ricky Harrison fraudulently obtained four Covid Bounce Back Loans, including three for dormant companies Money from the loans was used by Harrison for his own personal benefit and he attempted to avoid having to make any repayments by applying to have all four of his companies struck-off the Companies House register Harrison has been sentenced…