Closing a Company in China: General vs. Simplified Deregistration

In addition to the general deregistration procedures, China has been promoting simplified deregistration as one of the key measures to enhance its business environment. This article highlights the differences between the general and simplified procedures, explains the eligibility criteria, and clarifies common misunderstandings about these processes. Foreign investors may decide to close their business for…

Resolution Plan Providing Contingencies To Ensure Compliance With Building Norms Can’t Be Deemed Unviable: NCLAT

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has held that one of the contingencies outlined in the resolution plan has been accepted, and Successful Resolution Applicant (SRA) has expressed readiness to execute the construction in…

Rex seeks extension to administration as sale process yields ‘interested parties’ | News

The administrators of Australia’s Regional Express (Rex) are seeking an extension to the carrier’s voluntary administration period, as they confirm several “interested parties” in the sale process.  Ernst & Young (EY), which is the appointed administrator for Rex, said it is working to narrow the number of bidders, to continue “progressing negotiations with a view…

Jaiprakash Associates sets June 25 for 15th meeting of Committee of Creditors — TradingView News

Jaiprakash Associates Limited has informed the stock exchanges that the fifteenth meeting of its Committee of Creditors (CoC) is scheduled to be held on Wednesday, June 25, 2025. This meeting is a critical part of the ongoing Corporate Insolvency Resolution Process (CIRP) that the company is currently undergoing under the Insolvency and Bankruptcy Code (IBC), 2016.…