Category Archives: Liquidation

NAXS AB (publ), The Board of Directors announces the intention of an amended investment mandate to allow for an orderly liquidation process and proposes an extra cash dividend

NAXS AB The Board of Directors of NAXS AB (publ) (“NAXS” or the “Company”) announces its recommendation to amend the Company’s investment mandate to allow for an orderly liquidation process of its existing portfolio of assets. The NAXS share has traded at a persistent discount to net asset value over a long period of time.…

Bowen Coking Coal enters voluntary administration – MSN

Bowen Coking Coal enters voluntary administration  MSN Read the original article here

A boom in businesses going bust

Dragonboat restaurant opened in the 1990s, and is now going into liquidation, owing at least 1.4 million dollars to creditors. Photo: RNZ / Yiting Lin The rising cost of living and a pandemic hangover have put the pressure on businesses, sending nearly 1300 into liquidation already this year. New Zealand is riding its highest wave…

IBBI Amends CPE Norms for Insolvency Professionals: Rediff Moneynews

IBBI amends CPE guidelines, mandating in-person training for insolvency professionals from 2026. Learn about the new credit hour requirements. New Delhi, Aug 13 (PTI) The IBBI on Wednesday amended its Continuing Professional Education (CPE) guidelines for insolvency professionals, introducing mandatory in-person learning requirements from 2026. As per the revised framework, IPs must complete a minimum…

900 jobs gone, workers owed $11m as major care provider folds – Herald Sun

900 jobs gone, workers owed $11m as major care provider folds  Herald Sun Read the original article here

IBC Amendment Bill 2025 Promises Quicker Debt Resolutions and Stronger Creditor Power: Know More [Read Bill]

The government has introduced a major reform to India’s insolvency framework with the Insolvency and Bankruptcy Code (Amendment) Bill, 2025. Presented in the Lok Sabha by Finance Minister Nirmala Sitharaman, the Bill seeks to reduce long delays in insolvency cases, strengthen creditor control, and make the resolution process more efficient. Cutting Down Delays in Insolvency…

Claire’s in Administration Threat – Company Rescue

Claire’s in Administration Threat  Company Rescue Read the original article here

IBBI Caps Assignments for Insolvency Professionals: Rediff Moneynews

IBBI proposes a cap on assignments for insolvency professionals to curb delays and ensure equitable distribution of work. New Delhi, Aug 13 (PTI) The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of…

IBBI proposes cap on assignments for insolvency professionals to curb delays

New Delhi, Aug 13 (PTI) The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of work. Currently, IPs are restricted to a maximum of 10 assignments as resolution professionals (RPs) in corporate insolvency…

Understanding the proposals under the new Insolvency and Bankruptcy Code amendment bill

They propose to focus on the creditor-initiated insolvency resolution process which involves creditors settling insolvency matters out of court, thereby reducing the burden of cases on insolvency tribunals. The National Company Law Tribunal (NCLT) will only have to approve the resolution plans, thus reducing the timelines under the IBC. Mint takes a closer look at…