Home/Corporate Laws/NCLT Orders Liquidation After No Resolution Applicants Emerge & Company’s Assets Are Valued at Nil [Read Order] Corporate LawsLaw Report NCLT orders liquidation as no resolution applicants emerge, company assets are valued at nil, and sole creditor approves. Get the day’s tax rulings in your inbox × The case number, coram and counsel for…
Latest figures from the Accountant in Bankruptcy (AiB), released just a few hours before the Budget, show there were 250 corporate insolvencies registered in Scotland in the third quarter of 2026, down from 298 cases in the same period last year, a 16% drop. The number of compulsory liquidations fell from 134 to 119 in…
The Supreme Court on Tuesday (October 27) held that a lender and debenture holder exercising pervasive influence over a corporate debtor’s management and policy decisions can be treated as a related party under the Insolvency and Bankruptcy Code, 2016 (IBC) and excluded from participating in the Committee of Creditors (CoC). “The requirement would not be…
Corporate insolvencies in Germany are expected to rise by 8% in 2026 to approximately 25,900 cases, according to Allianz Trade’s ‘Global Insolvencies Outlook 2028’, published on 27 October 2026. The forecast is considerably more pessimistic than the estimate issued in the spring, when the insurer expected an increase of just 2%. Corporate insolvencies in Germany…
A REDDITCH joinery business has entered voluntary liquidation after 15 years, according to official notices published this week. Redditch Joinery (Midlands) Limited, based at Unit 14 Thornhill Road on the Moons Moat North Industrial Estate, entered creditors’ voluntary liquidation on Monday, October 26. The decision was confirmed in notices published in The London Gazette…
There are roughly ten days left until the close of the public auction set for LuisaViaRoma. The Florence-based company, located at 61 Via Benedetto Varchi, is officially up for auction. The starting price is set at 18.8 million euros (20.94 million dollars) as part of a simplified liquidation arrangement managed by the Court of Florence.…
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REVEALED: Liquidator appointments for businesses in the North Sydney council area for October 28 The Daily Telegraph Read the original article here
Bathla co-founder Bhart Bhushan kept a series of companies owned by the collapsed developer out of administration – some of which have been attempting to sell off properties. Teneo, the administrators of Bathla, rushed to court on Thursday to gain control over a range of Bathla entities it had not been appointed to and which…
English football club’s parent company threatened with liquidation Joe.co.uk Read the original article here