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ORGANISERS of a country music festival held in Carmarthen have thanked visitors for their support while admitting that parts of the event “did not go exactly as planned”. This Ain’t Texas Festival took place at the United Counties Showground on Saturday (Jun 27), promising live country music, line dancing, American BBQ, street food, western-themed stalls…
The government is developing a specialized insolvency framework for insurance companies under the Insolvency and Bankruptcy Code. This initiative aims to enhance policyholder protection and provide a clearer resolution process for distressed insurers, replacing older mechanisms under the Insurance Act. The move seeks to define the regulatory roles of the IRDAI, IBBI, and NCLT in…
Judgement K.V. VISWANATHAN, J 1. The present appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016 (for short, “the Code”) call in question the correctness of the judgment dated 29th October, 2024 passed by the National Company Law Appellate Tribunal New Delhi (for short, “the NCLAT”) in Company Appeal (AT)(INS) Nos. 1128, 1131…
Reported by Consejeros Editorial Team Tubos Reunidos informed the National Securities Market Commission (CNMV) on Monday that, within the framework of the insolvency proceedings involving its subsidiaries, the Civil Division of the Court of First Instance in Vitoria-Gasteiz has issued two rulings declaring and ordering the publication in the Public Insolvency Register of the terms…
The insolvency administrators of Spanish coach bodybuilder Sunsundegui have launched a public auction for the company’s trademarks, patents and technical support business. The company has ceased operations in 2025. The insolvency administrators of Sunsundegui have put the Spanish coach bodybuilder’s intangible assets up for public auction as part of the company’s insolvency proceedings. According to…
Another 225 businesses in South Africa shut down Business Tech Read the original article here
To facilitate this process and to shield the PG from parallel recovery proceedings during the pendency of the PGIRP, the Code provides for a moratorium under Section 101, i.e., a period during which no fresh legal action in respect of any debt can be initiated against the PG, and any pending action remains stayed. The…
SUBSCRIBER-ONLY STORY | London and Essex-based Scene Architects has been sold in a pre-pack deal to a company owned by two of its directors after entering administration owing thousands to creditors Keep reading – subscribe today
A step-down subsidiary cannot use indirect or colourable means to extract assets or establish parallel claims against its holding company undergoing liquidation, the National Company Law Tribunal, Chennai, held. The tribunal made the observation while dismissing an application filed by St. John Lines PTE Limited against the liquidator of its holding company, St. John Freight…