Keppel Completes Liquidation of Four Subsidiaries – TipRanks
Keppel Completes Liquidation of Four Subsidiaries TipRanks Read the original article here
Business insolvencies increase by 6%
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales in January 2025 was 1,971, 6% higher than in December 2024 (1,852) and 11% higher than the same month in the previous year (1,780). The business insolvencies consisted of 269 compulsory liquidations, 1,546 creditors’ voluntary liquidations…
Approval Of Resolution Plan Containing Clause Which Permits Creditors To Take Recourse Against Guarantees Cannot Be Interfered With: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Barun Mitra (Technical Member) has held that approval of a resolution plan containing a clause that creditors can take appropriate actions in relation to corporate/personal guarantee cannot be interfered with. Brief Facts: State Bank of India filed…
Listed Gateshead firm Zytronic to wind down
ManufacturingDeals Listed Gateshead firm Zytronic is to wind down operations after considering several options including solvent liquidation or a sale following a strategic review. A manufacturer of touch overlay sensors for interactive displays dating back to the 1940s, Zytronic employs more than 100 people. It appointed a new chair in 2023 in a bid to…
Whyalla steelworks forced into administration by SA government, GFG no longer running site
The South Australian government has forced the Whyalla steelworks into administration as it attempts to resolve the crisis at the embattled site. Changes to the Whyalla Steel Works Act were rushed through both houses of state parliament on Wednesday morning, before being signed off by the SA Governor. The steelworks, which is owned by GFG…
What we know so far about the Whyalla Steelworks administration – News
It took just minutes for surprise laws to be introduced to Parliament and pass both houses giving the state government the power to place the Whyalla Steelworks into administration. This deft procedure was necessary to not alarm GFG Alliance owner and billionaire industrialist Sanjeev Gupta to the government’s long-awaited action on the struggling steel plant.…
Collapsed home builder in liquidation – Daily Telegraph
Collapsed home builder in liquidation Daily Telegraph Read the original article here
Collapsed home builder in liquidation – Daily Telegraph
Collapsed home builder in liquidation Daily Telegraph Read the original article here
Bankruptcy, insolvency & corporate restructuring | Deloitte | Legal Services | Solutions
The global financial crisis has pushed many businesses into a state of instability. When companies are struggling with difficult choices, Deloitte Legal can assist with suggesting options to help recovery, such as restructuring outside of insolvency proceedings, a structured sale or provide assistance with judicial insolvency proceedings. We work with companies in distress as well…
Case Digest on Rulings of NCLT under IBC
The National Company Law Tribunal (NCLT) serves as the adjudicating authority for corporate insolvency resolution processes, liquidation and corporate debt restructuring under the IBC. The Insolvency and Bankruptcy Code, 2016 (IBC) was enacted to streamline corporate insolvency resolution, liquidation, and debt restructuring, while ensuring a time-bound process that adequately balances the interests of creditors and…