Insolvency Service launches 5-year Investigation and Enforcement Strategy – GOV.UK
Insolvency Service launches 5-year Investigation and Enforcement Strategy GOV.UK Read the original article here
Ratification Of IRP Fees By CoC Can Be Implied From Meeting Minutes And Conduct: NCLAT Chennai
The National Company Law Appellate Tribunal, Chennai Bench, comprising Justice Sharad Kumar Sharma (Member – Judicial) and Jatindranath Swain (Member – Technical), has addressed the question of whether ratification of fees and expenses payable to an Interim Resolution Professional (IRP) must be express and recorded formally, or it can be implied from the conduct and…
MCA Appoints Law Secretary Dr. Anju Rathi Rana as Ex-Officio Member of Insolvency Board [Read Notification]
The Ministry of Corporate Affairs (MCA) issued Notification No. F. No. 30/03/2016-Insolvency dated 7 July 2025, appointing Dr. Anju Rathi Rana, Law Secretary, as an ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI). This appointment has been made under Section 189(1)(c) of the Insolvency andBankruptcy Code (IBC), 2016. Dr. Rana will now…
Tomb Raider video game composer jailed for Covid loan fraud
Video game composer Peter Connelly has been jailed after fraudulently obtaining a second Covid Bounce Back Loan for his company Connelly, known for his work on Tomb Raider, inflated his company’s turnover during the first few months of the pandemic in 2020 Insolvency Service investigations have also resulted in the 52-year-old being banned as a…
CMB Restricts 10 Crypto Firms, 45 Apply for Liquidation
The Capital Markets Board (CMB) has released updated lists detailing the status of cryptocurrency platforms operating in the Turkish market, following the June 30 deadline for license applications. This update comes as more companies have been added to the liquidation list, bringing the total number of companies applying for liquidation to 45. Notable among these…
Big relief for Anil Ambani! Latest update on insolvency proceedings against Reliance Infrastructure – Companies
Updated Jul 18, 2025 23:53 IST Reliance Infrastructure Insolvency Stayed: In a regulatory filing on Friday, Reliance Infrastructure said that NCLAT has stayed an NCLT order over an appeal filed by it. In a regulatory filing on Friday, Reliance Infrastructure said that NCLAT has stayed an NCLT order over an appeal filed by it. Earlier…
Sundance catalog announces closure
The company is selling its remaining inventory to pay off millions in debt, court papers said. (Sheila R. McCann |The Salt Lake Tribune) Signs in the windows of the Sundance Catalog Outlet in Salt Lake City advertise the company’s closing sale. The going-out-of-business sign apparently is up at Sundance Living, the apparel and household decor…
Loch Lomond Seaplanes attraction collapses into liquidation
Loch Lomond Seaplanes cancelled all its flights and issued a message on its website in April to confirm it had ceased trading. A pop-up message on the website, which is still available, states: “Please be advised that Loch Lomond Seaplanes has ceased trading. If you have tickets or a flight booked then someone will be in touch…
NCLAT Stays Insolvency Proceedings Against Reliance Infrastructure – NDTV Profit
NCLAT Stays Insolvency Proceedings Against Reliance Infrastructure NDTV Profit Read the original article here
Bassett Furniture, Gregory Commercial Furniture and Workstations collapses into voluntary administration
Up to $500,000 worth of orders from a Sydney furniture firm remain undelivered after the company entered voluntary administration. Customers of Inventis furniture brands may be left in limbo after five companies, including Bassett Furniture, Gregory Commercial Furniture, and Workstations, went into voluntary administration in late June. The ASX-listed group owes nearly $30million, according to…