The liquidator of Landmark Housing Projects Chennai Pvt Ltd has invited bids for the e-auction of the company’s prime land parcels measuring approximately 9.8 acres in Sholinganallur, Chennai, as part of the corporate insolvency process under the Insolvency and Bankruptcy Code (IBC), 2016. The combined reserve price for the properties has been fixed at Rs…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted an application filed by Reliance Net Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Zapak Mobile Games Private Limited, initiating the Corporate Insolvency Resolution Process (CIRP) against the mobile gaming company. The order was pronounced today, July 14, 2025.…
YT Industries Begins Restructuring Under Self-Administration Pinkbike Read the original article here
The Insolvency Service’s new investigation and enforcement strategy will see the agency play a leading role in tackling economic crime and improving corporate standards Over the next five years, the agency will prosecute a wider range of offences, increase enforcement against companies acting against the public interest, and recover proceeds of crime The Insolvency Service…
American Airlines is proof that failure isn’t final. First founded almost a hundred years ago, in 1926 as American Airways, the company that we know today as American Airlines was created as a merger of more than 80 small air carriers in 1930. The airline revolutionized commercial aviation with early innovations like operating the iconic…
Insolvency is not the end: Here’s what I’ve learned from mine EU-Startups Read the original article here
Controversial Ballymena businessman (34) travelled to island ‘on advice of AI’ and now claims to have found true self Darren Campbell A controversial businessman who racked up more than £450,000 debts before his company was liquidated earlier this year has hinted at a comeback. Darren Campbell indicated he would be returning thanks to the advice…
This article was written in partnership with Daniel Woodhouse, Wouter Veugelen, Cameron Morse and Natasha Passley of FTI Consulting. Ransomware and data extortion attacks are unfortunately becoming increasingly common (see for example, high-profile attacks on Canva[1], Latitude Financial[2] and recently the Legal Practice Board of Western Australia).[3] These attacks typically involve a party (commonly referred to as…
Stay informed about the latest case laws on Company Law with this comprehensive overview as we delve into the latest cases reported in the Company Cases (Comp Cas), focusing on critical issues such as resolution plan, moratorium, winding up, liquidation and wilful defaulters. (2025) 261 Comp Cas Insolvency and Bankruptcy Laws — Resolution plan —…
Recently released data from ASIC outlines that the uptake of small business restructuring (SBR) appointments has significantly increased in 2024–25, with an overall positive sentiment and benefit. An SBR process is the first external administrator appointment where directors are able to keep control of an insolvent company, rather than the appointed registered liquidator. You’re out…