Jewellery retailer Claire’s set for insolvency in Ireland and UK after sale talks fail – Business Post
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
Tween Jewelry Retailer Claire’s Set for UK Insolvency After Sale Talks Fail Bloomberg.com Read the original article here
Out-of-court, debtor-in-control process to hasten resolution of insolvency cases
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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PB-tec acquires assets from the bankrupt estate of CE-Line
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 processor CêlaVíta declared bankrupt
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
Lenders prioritized over government’s dues in IBC Amendment Bill, guarantors can’t disrupt insolvency Moneycontrol Read the original article here
With IBC Amendment Bill, govt hopes to expedite insolvency process, maximise value: Key takeaways | Business News
The much-awaited bill to amend the Insolvency and Bankruptcy Code (IBC) was introduced in the Lok Sabha on Tuesday by Finance Minister Nirmala Sitharaman, who said that the proposed changes are aimed at reducing delays, maximising value for all stakeholders, and improving governance of all processes under the Code. The proposed modifications include provisions to…
Dutch shoe brand Van Lier bankrupt
PixelBiss / Shutterstock.com Several subsidiaries of the Brabant shoe brand Van Lier have been declared bankrupt and its web shop is offline. The parent company is also reported to have filed for bankruptcy. No surprise The webshop of shoe brand Van Lier has been taken offline and several subsidiaries appear to have been declared bankrupt:…
‘Countries May Go Bankrupt If Forced To Play Test Cricket’, Says CA CEO Greenberg
Melbourne: Cricket Australia (CA) chief executive Todd Greenberg has cautioned that some countries may go bankrupt if they persist in playing Test cricket, adding that he sees a future where fewer nations are featured in the game’s longest format. As of now, nine teams compete in the World Test Championship (WTC), but a working group…