Several charities across Scotland will share £1 million in surplus funds following the sale of a historic Glasgow care home. Balmanno House was a registered charity that provided residential care in the city’s west end for more than 200 years. The home went into administration in April 2023, and efforts were made to ensure a…
The company officially went under after failing to secure a £900m plus bailout on Saturday. Thousands of British holidaymakers found themselves stranded abroad without a replacement flights and others were left seeking assurance that their money would be refunded. Customers have been left in disarray in the biggest repatriation effort since The Second World War.…
The Insolvency and Bankruptcy Code (IBC) continues to strengthen corporate governance standards and the credit market, says Shailendra Ajmera, Partner, Transaction, Advisory Services at EY India, and an insolvency professional (IP). In an interview, he tells BT that IPs are expected to maintain the highest levels of integrity and accountability to ensure stakeholder trust in…
The Insolvency and Bankruptcy Code (IBC) has transformed the insolvency resolution regime in several fundamental ways, says M.S. Sahoo, former distinguished Professor, National Law University Delhi, and founder chairperson of the Insolvency and Bankruptcy Board of India (IBBI). In an interview to Business Today, he says the IBC has firmly established the primacy of market…
The Insolvency and Bankruptcy Code (IBC) has transformed the insolvency resolution regime in several fundamental ways, says M.S. Sahoo, former distinguished Professor, National Law University Delhi, and founder chairperson of the Insolvency and Bankruptcy Board of India (IBBI). In an interview to Business Today, he says the IBC has firmly established the primacy of market…
An error has occurred Your request was blocked by Link11 Web Application Security.If you believe this is the result of an error, contact the administrator of www.tipranks.com. ID: 1f45b4bc0f7fd03828b5b34488dcd57e, IP Address: 110.232.115.214, Status Code: 471Timestamp: 2025-07-22T11:11:28.978739961+00:00 Read the original article here
The National Company Law Tribunal, Chandigarh Bench, comprising Harnam Singh Thakur (Member-Judicial) and Shishir Agarwal (Member-Technical), has disposed of an application seeking withdrawal of voluntary liquidation. The adjudicating authority held that even in the absence of specific provision under the IBC, it can allow the withdrawal of voluntary liquidation by invoking its inherent power under…
We are pleased to introduce the Insolvency Service’s Annual Plan for 2025 to 2026, setting the Agency’s priorities for the year ahead. Our plan focuses on how we will support businesses and citizens, delivering against the Government’s number one mission to kickstart economic growth, deliver economic stability and improve prosperity in the UK; with a…
Prior Approval Of Adjudicating Authority Before Initiating Legal Proceedings Against Any Party U/S 33(5)… Live Law Read the original article here
A South African High Court has provisionally liquidated venture firm 54 Collective following allegations from the Mastercard Foundation of serious financial misconduct and “blatant disregard for the law,” involving a $106.5 million charitable grant, court documents obtained by Condia have shown. The foundation had disbursed over $42 million to the firm, originally registered as Africa…