REVEALED: Latest business liquidations in Hume – Herald Sun
REVEALED: Latest business liquidations in Hume Herald Sun Read the original article here
Parents in ‘childcare desert’ left scrambling as Playtime Preschool enters voluntary administration
Less than 24 hours after Kathleen Atkins was told her daughter’s preschool was going into voluntary administration the centre was shut. Her 3-year-old is among nearly 70 other children who attend Broken Hill’s Playtime Preschool, a not-for-profit which suddenly closed its doors last week after telling parents and staff it was in approximately $1 million…
Importance of mediation in the insolvency regime: The evolving interplay
The object of the Insolvency and Bankruptcy Code, 2016 (“IBC”) is to provide a time-bound framework within which financially/operationally indisposed companies may opt to resolve their dues and maintain a semblance of their going concern. The aim of IBC is to revive companies, with winding up being the last resort. IBC was seen as a…
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Fashion brand founded by ex Tayside footballers vows to reopen Dundee store after liquidation – The Courier
Fashion brand founded by ex Tayside footballers vows to reopen Dundee store after liquidation The Courier Read the original article here
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REVEALED: Latest business liquidations in Brisbane – The Courier Mail
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
Q&A: IBBI and ED’s move to harmonise insolvency explained | India
Kartik Bhatnagar The recent Insolvency and Bankruptcy Board of India (IBBI) circular allows restitution of corporate debtor’s assets attached by the Directorate of Enforcement (ED) through an application. Kartik Bhatnagar, a lawyer and insolvency professional, has more than a decade of experience and took part in the Jet Airways insolvency case in the Supreme Court.…
NCLAT Orders ICBC to Release ₹27.60 Cr FD [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed an appeal filed by Industrial and Commercial Bank of China (ICBC) and upheld the order of the National Company Law Tribunal (NCLT), Mumbai Bench, directing the bank to release a fixed deposit of ₹27.60 crore belonging to Reliance Communication Infrastructure Ltd. (RCIL).…
Investor derails Ecsponent’s voluntary liquidation application
An investor and alleged creditor in Ecsponent, the financially distressed, previously JSE-listed specialist financial services company now named Afristrat Investment Holdings, has thrown a spanner in the works of the company’s planned voluntary liquidation. Pretoria pensioner Mariana de Bruin has applied to intervene and become a respondent in Afristrat’s voluntary liquidation application, resulting in the…