REVEALED: Latest business liquidations in Brisbane – The Courier Mail
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
Reliance Infrastructure Wins ₹157.64 Crore Arbitration Award From MMRDA as Insolvency Ends
Market snapshot: Reliance Infrastructure Limited has achieved a dual legal and financial breakthrough. The company won a ₹157.64 crore arbitration award against the Mumbai Metropolitan Region Development Authority in a dispute over subordinated debt. Simultaneously, the National Company Law Tribunal has officially approved the withdrawal of the insolvency petition against its joint venture, Mumbai Metro…
Jeff Bezos Gives Amazon Update After Bankruptcy Report
Jeff Bezos might not be the CEO of Amazon anymore, but that doesn’t mean he isn’t involved in the business. Bezos remains the company’s Executive Chair and still owns a significant number of shares in the company he founded. Which is why people still pay attention when he offers updates on the company. In a…
Romanian farm insolvencies surge as Ukrainian grain imports and rising costs deepen sector crisis
Romania’s agricultural sector is facing a deepening financial crisis, with the number of agricultural companies entering insolvency doubling to its highest level in recent years, amid pressure from Ukrainian grain imports and rising energy and fertiliser costs driven by geopolitical instability, according to an analysis by restructuring specialist CITR. The risk is particularly acute in…
245 more companies shut down in South Africa – businesstech.co.za
245 more companies shut down in South Africa businesstech.co.za Read the original article here
End of an era: historic Brescia declared bankrupt and set to be dissolved
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End of an era: historic Brescia declared bankrupt and set to be dissolved
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IBC moratorium does not bar S. 138 NI Act prosecution: P&H High Court| SCC Times
Punjab & Haryana High Court: In a petition filed under Section 482, Criminal Procedure Code (CrPC), 1973, seeking quashing of a complaint under Sections 138 and 141, Negotiable Instruments Act, 1881 (NI Act) on the ground that the accused-company had subsequently undergone the corporate insolvency resolution process (CIRP) and liquidation under the Insolvency and Bankruptcy…
EU Inc.: A new harmonised corporate legal regime
Following the Political Guidelines 2024–2029 of the European Commission and the mission letter of the Commissioner for Democracy, Justice and the Rule of Law, the Commission’s January 2025 Competitiveness Compass announced the creation of a “28th regime” as part of a broader strategy to strengthen the competitiveness of the European economy. The objective is to…