The creditors’ position would continue to “play out” through the administration process, Gammel said. “Were still hopeful of getting a sale away and parties are working very hard to do that,” he said. “The guys [at 1800 Lasagne] are still continuing to trade because they really believe in the business and want to keep it…
The Insolvency and Bankruptcy Code, 2016 was a watershed moment in India’s corporate regulatory landscape. It replaced the patchwork of old laws and consolidated it within a single and efficient insolvency framework with a goal to rescue viable companies and to ensure a seamless exit for those that were beyond repair. The core objective of…
On May 2, 2025, the Supreme Court ordered liquidation of Bhushan Power & Steel Ltd (BPSL) and scrapped JSW Steel’s Rs. 19,350-crore resolution plan four years after takeover sending shockwaves through India’s insolvency market. That verdict has now been recalled; the Court has re-heard the matter in open court and on reserved its judgment. Background…
R3 responds to July 2025 insolvency statistics Yorkshire Post Read the original article here
Insolvencies edge up in cautious July NewcastleWorld Read the original article here
Insolvencies edge up in cautious July Shields Gazette Read the original article here
Blockbuster, Lehman Brothers, WeWork. The names are familiar, but the financial stories behind their collapse are often a mystery. In this deep dive, we go beyond the headlines to pull out the crucial lessons in corporate bankruptcy and insolvency for every finance professional. We’ll equip you with the foresight to spot financial distress long before…
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Red Fox Hotel Ltd, with Ryan Lamb as director, the chef from The Grey Hound in Broughton, entered liquidation on July 28. The liquidation is being handled by Andrew Ryder, of JT Maxwell. Kerry Lamb, the landlady, told the Advertiser that the The Grey Hound would continue in business. A new company, with Ms Lamb as director,…
A special PMLA court in Mumbai ordered the restitution of immovable properties valued at Rs. 45.26 crore belonging to Sagar Suryawanshi Group so that the funds can be liquidated and the money can be distributed among the depositors who were cheated in the Seva Vikas Co-operative Bank fraud case. This came after the Enforcement Directorate’s…