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…
Mercedes Group in liquidation businessnews.com.au Read the original article here
A petition on behalf of HMRC have been lodged at Dunfermline Sheriff Court asking that Deep A Diner Ltd be wound up and a liquidator appointed. The firm has links with Neville Taylor and a correspondence address at Dunnock Road in the city. To date, nearly 20 firms with the same correspondence address in Dunfermline…
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…
Toys R Us enters voluntary administration for second time MSN Read the original article here
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…
A company planning what it claimed would be the UK’s first 3D-printed housing development has filed for liquidation. Building for Humanity, a not-for-profit social housing developer that planned to primarily use 3D-printed concrete on its projects, announced plans to build 46 homes in Accrington, Lancashire, in 2022. An application for its Charter Street scheme –…
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.…
Aberdein Considine undergoes corporate restructure insider.co.uk Read the original article here
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 7.9% to 2,238 in May 2025. when compared to April 2025 (2,074) and 15% higher than the same month in the previous year (1,946 in May 2024). The insolvencies consisted of 354 compulsory liquidations,…