An unexpected month-on-month dip in the number of corporate insolvencies in England and Wales is bringing respite to East Midlands businesses and signals hope that the summer months will bring a significant boost to trade. This is according to the Midlands branch of the UK’s insolvency and restructuring trade body R3, and comes on the…
In the face of economic challenges, including those caused by the war, Ukrainian companies are seeking tools to maintain stability and avoid losing assets. One such tool is the preventive restructuring procedure. This legal mechanism allows businesses facing financial difficulties to avoid bankruptcy proceedings. UNN spoke with lawyers to find out the practical advantages and…
$560k owed to IRD after mayoral aide’s company liquidation … Read the original article here
Members of Singapore’s drinks industry have taken to social media to lament the closure of Proof & Company Spirits, dubbed “one of the darlings of the craft spirits scene”. Nimmi Malhotra reports. 28 Hong Kong Street, Proof & Company’s Singapore cocktail bar, will continue to operate as normal Spirits distributor Proof & Company Spirits has…
Case Title: Bhadra International India Pvt. Ltd. & Ors. v. Punjab national Bank & Ors. Citation: 2025 LiveLaw (Del) 823 The Delhi High Court has dismissed a petition while upholding that if a borrower has already approached the Debt Recovery Tribunal (DRT) under the SARFAESI Act, for a one-time settlement, a writ seeking the same…
The National Company Law Tribunal (NCLT), New Delhi Bench, has dismissed an application for the dissolution of Shakti Bhog Snacks Limited (the Corporate Debtor) under Section 54 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by Umesh Gupta, the Resolution Professional (RP) for Shakti Bhog Snacks Limited. The tribunal in its…
Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd. The development came after Adani group reportedly made an unconditional bid for debt-ridden Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process (CIRP). “The proposed combination relates to the acquisition of up…
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Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, said: “The number of corporate insolvencies fell in June,…
NEW DELHI: Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd. The development came after Adani group reportedly made an unconditional bid for debt-ridden Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process (CIRP). “The proposed combination relates to the acquisition…