Gerry Weber goes bankrupt again

After its German parent company was declared insolvent, the Dutch branch of women’s fashion chain Gerry Weber has filed for suspension of payments. This is the third bankruptcy in six years The Bielefeld District Court has opened self-administered insolvency proceedings for Gerry Weber’s holding company and has reappointed restructuring expert Christian Gerloff – who was…

Annual Review of Insolvency Practitioner Regulation 2024

1. Overview The Insolvency Service is an executive agency of the Department for Business and Trade (DBT) and helps deliver economic confidence by supporting those in financial distress, tackling financial wrongdoing and maximising returns to creditors. Acting as oversight regulator of Insolvency Practitioners (IPs) on behalf of the Secretary of State for DBT, the Insolvency…

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HNGIL workers’ union seeks probe into Exclusive Capital’s role in insolvency proceedings – Trending News

The Workers’ Union of Hindustan National Glass & Industries Ltd. (HNGIL) has raised concerns over the conduct of M/s Exclusive Capital Ltd. (ECL), a Reserve Bank of India (RBI)-registered Non-Banking Financial Company (NBFC), during the ongoing corporate insolvency process of HNGIL. In a representation dated June 24, the union urged the RBI and Justice (Retd.)…