Laybuy Group collapses after Klarna takeover, claims at almost $2m – ThePost.co.nz
Laybuy Group collapses after Klarna takeover, claims at almost $2m ThePost.co.nz Read the original article here
Ghana moves to strengthen legal framework for corporate insolvency
The Office of the Registrar of Companies (ORC), in collaboration with the International Finance Corporation (IFC), is working to strengthen Ghana’s corporate insolvency regime in a bid to promote business recovery, protect creditors, and enhance economic stability. The partnership between the ORC and IFC has brought together regulators, financial institutions, and insolvency professionals to deepen…
September 2025 insolvency statistics for England and Wales, Azets response – Yorkshire Evening Post
September 2025 insolvency statistics for England and Wales, Azets response Yorkshire Evening Post Read the original article here
Are debt, arbitration clauses a shield against insolvency proceedings? – Business Daily
Are debt, arbitration clauses a shield against insolvency proceedings? Business Daily Read the original article here
‘Hardest choice’: Founders of collapsed eco start-up speak out – Herald Sun
‘Hardest choice’: Founders of collapsed eco start-up speak out Herald Sun Read the original article here
US buyer Air T to rescue collapsed airline Rex from administration
Rex looks set to be saved from administration, with US aviation company Air T reportedly landing a deal to take over the beleaguered regional airline. It has continued flying regional routes after being bailed out by the federal government to the tune of $130 million, but now looks set to exit administration. Rex looks set…
Interest Liability Shall Not Cease Merely Because Default Of Principal Amount Fell During S.10A Period: NCLT Mumbai
The National Company Law Tribunal (NCLT) Mumbai bench admitted a petition under section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by Unity Small Finance Bank Limited against Bafna Motors Private Limited holding that defaults committed after section 10A period are sufficient to trigger Corporate Insolvency Resolution Process (CIRP). It further held that…
IBBI Notifies Insolvency Resolution Process For Corporate Persons (Sixth Amendment) Regulations 2025
On October 14th 2025, the Insolvency and Bankruptcy Board of India (IBBI) has issued Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025. By exercising its power conferred by virtue of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016, the IBBI has released…
Croftpak debts top $914,000: liquidators
Liquidators are counting up the debts of Christchurch glass and plastic jar supplier Croftpak Ltd as estimates climb to more than $914,000. Unsecured creditors are unlikely to be repaid as the company is short on funds to cover debts to 39 creditors. Rodgers Reidy insolvency practitioners Lynda Smart and Derek Ah Sam were appointed liquidators…
Why did Joe Delucci’s go into liquidation?
Earlier this month, Food Manufacture revealed that ice cream supplier Joe Delucci’s Ltd had appointed liquidators. Managing directors and insolvency practitioners Andrew Watling and Duncan Beat from business advisory firm Quantuma, were appointed as liquidators for the West Midlands-based business on 25 September 2025. The company has had a number of administrations over the last…