The National Company Law Tribunal, Ahmedabad bench of Mr. Shammi Khan (Judicial Member) and Mr. Sanjeev Kumar Sharma (Technical Member), held that related party status as per the Insolvency & Bankruptcy Code must be determined on the date of commencement of Insolvency Proceedings and not based on historical roles. Background Facts: The Corporate Debtor, Sebacic…
Bellingen Golf Club (NSW) goes into administration Golf Industry Central Read the original article here
Designerex Rescued from Administration Power Retail Read the original article here
Irish owners refused licensing for Butlers Chocolate Café NZ thepost.co.nz Read the original article here
Christchurch decorating company in liquidation owing $2.6 million The Press Read the original article here
A Christchurch-based painting and maintenance company has gone into liquidation, with debts totalling more than $2.6 million. Phil Clarke & Son Limited was placed into liquidation on 8 July 2025 following a special resolution by the company’s shareholder and director Daniel Clarke. The appointed liquidator is Brenton Hunt of Insolvency Matters Limited. According to the…
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The company owes millions of dollars to disties and unpaid superannuation to Mwave employees. Esel sold Mwave to DigiDirect Group, prior to the company going under, and one distributor requested new administrators during the first creditors meeting, according to new documents. CRN Australia has obtained a copy of minutes of the meeting held by ASIC…
Key Takeaways MicroStrategy holds 3% of all bitcoin, financed by $7.2 billion in debt. Analysts warn a price drop could force asset sales, risking a market cascade larger than Mt. Gox or 3AC. Critics say such centralization threatens bitcoin’s decentralized ethos and raises systemic risk. MicroStrategy, the largest corporate holder of bitcoin, is drawing warnings…
The insolvency appellate tribunal NCLAT has set aside NCLT‘s direction to change the resolution professional of debt-ridden Hindusthan National Glass Industries (HNG) and asked it to take a decision on the bids as per the Supreme Court‘s directions. A three-member NCLAT bench gave a go-ahead to the Kolkata Bench of the National Company Law Tribunal…