The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 – Lexology
The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 Lexology Read the original article here
A Metaverse Company Under Provisional Liquidation Amidst Trading Suspension
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. A Metaverse Company ( (HK:1616) ) just unveiled an announcement. A Metaverse Company has been placed under provisional liquidation as ordered by the High Court of the…
Non-profit multiple sclerosis organisation MS Society SA & NT in voluntary administration
Non-profit organisation Multiple Sclerosis SA & NT has gone into voluntary administration. In an email to donors, supporters and partners, the organisation — which supports almost 3,000 clients living with multiple sclerosis — said that the “difficult decision” included its disability employment arm, Multiple Solutions. “This difficult decision follows a period of significant challenges, including…
How Failing Firms Dodge Tax Through ‘Phoenixing’
A growing practice, known as ‘phoenixing’, is costing HMRC millions in lost tax revenue, the Financial Times reports. The term refers to the tactic of repeatedly liquidating a limited company and then re-registering under a new name, sometimes deliberately, to dodge tax bills and other debts. One visible example might be the constant churn of…
Azets responds to latest insolvency figures
Azets responds to latest insolvency figures – Marketing Stockport We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkRead more Read the original article…
Flintshire writes off over £100k of business rates after firms go bust
The decision will not impact the authority’s finances however as business rates go directly into the Welsh Government’s None-Domestic Rates Collection Pool to be redistributed to all 22 Welsh local authorities. Two significant debts were considered irrecoverable by Flintshire Council’s Cabinet. The first was £33,394.28 owed by the former owners of the historic Druid Inn…
High Court dismisses winding-up petition against Kaisa – the standard: HK
High Court dismisses winding-up petition against Kaisa the standard: HK Read the original article here
Brisbane’s Craigslea Kindergarten placed into voluntary administration
This masthead previously revealed D’Souza had assumed control of the committee after a dispute led to the previous president, vice-president and secretary resigning in August. After the new committee removed the entire staff team, parents refused to send their kids to the kindy because they were concerned with the unfamiliarity of temporary staff. In Sunday’s…
Brisbane’s Craigslea Kindergarten placed into voluntary administration
This masthead previously revealed D’Souza had assumed control of the committee after a dispute led to the previous president, vice-president and secretary resigning in August. After the new committee removed the entire staff team, parents refused to send their kids to the kindy because they were concerned with the unfamiliarity of temporary staff. In Sunday’s…
India’s insolvency reform aims for speedy resolutions. Is it also good for value recovery?
Unlike the IBC’s usual corporate insolvency resolution process (CIRP), the CLRP is a proposed option under which the corporate debtor keeps management control while creditors work towards a time-bound resolution (150 days extendable by 45 days) under limited court oversight, which is helpful given today’s adjudicatory level delays. The bill also aligns with the World…