The Parliamentary Standing Committee on Finance, led by Bhartruhari Mahtab, has urged the Government to implement comprehensive and urgent reforms to the Insolvency and Bankruptcy Code (IBC), 2016, to address persistent “systemic challenges” that undermine its core objective of time-bound resolution and value maximization. The Committee’s Twenty-Eighth Report on the ‘Review of Working of Insolvency…
Hundreds of workers at scrap metal recycler Unimetals are facing redundancy after the company filed a petition for compulsory liquidation this week. The Stratford-upon-Avon based firm, which holds operator licences in almost every traffic area and is authorised to run between five and 44 HGVs from each of its sites, has been fighting for survival…
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Australian luxury off-road caravan manufacturer Zone RV has been placed into voluntary administration this week. Zone Manufacturing, the manufacturer of Zone RV caravans, announced on December 1 it had been placed into voluntary administration, with Cor Cordis being appointed as administrator. Federal member for Fairfax Ted O’Brien has shared information on the news, with Zone…
Annette Menzies, Glasgow-based business recovery partner at Dains Accountants, has been appointed interim liquidator of Euthenia Products Ltd. The appointment, effective 20 October 2025, follows a petition submitted to the court by HM Revenue & Customs earlier in the month seeking the compulsory winding up of the company. Euthenia Products Ltd, which traded as Euro…
REVEALED: Latest business liquidations in Monash Herald Sun Read the original article here
C. In the Matter of Axia Network Foundation (In Voluntary Liquidation) Axia Network Foundation (in voluntary liquidation) and ANF MergeCo Ltd (in voluntary liquidation) (the ‘Axia Companies’) were part of the Axia Group which was set up for the purpose of creating and developing a digital token. The Axia Companies are foundation companies, which are…
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Controversial businessman André Pienaar’s C5 faces UK insolvency bid News24 Read the original article here
NB Distressed Debt Fund shareholders approve liquidation By Investing.com Investing.com Nigeria Read the original article here