The Corporate Insolvency and Bankruptcy Laws Bar Association, established to promote the study and advancement of corporate, insolvency, bankruptcy, economic, and allied laws, has submitted a representation to the Hon’ble Chairperson of the NCLAT on May 28, 2025, seeking the early constitution of a second bench at NCLAT, Chennai. They stated that On 25.01.2019, in…
NCLT : CIRP Cannot be shield to corporate applicant to avoid legally recoverable government dues Taxscan Read the original article here
“A bankruptcy proceeding is not a death sentence but a chance for a fresh start.” — Elizabeth Warren In India, Bankruptcy and Insolvency since a long time have been critical issues in the financial sector, which impacts businesses, creditors, and the overall economy. Insolvency refers to as a situation where a debtor…
Tech (© ) Since July 2024, a creditor information system (GIS) is mandatory for all German insolvencies according to the German legislator. McJustice has spent the last few months developing a portal in the cloud that is able to handle the entire insolvency process online in the cloud. Security is particularly important here due to…
Justice Dehinde Dipeolu of the Federal High Court, Lagos, has ordered the United Bank for Africa Plc., (UBA) to immediately pay the Liquidator of Addy Finance & Investments Limited (in liquidation), the sums of N39,108,417 and $53,078.04, with pre-judgment interest at 20 per cent and post-judgment interest at 10 per cent yearly. The court also…
According to a CareEdge Ratings report in March, BPSL has long-term/ short-term bank facilities worth ₹14,030 crore and commercial paper of ₹1,000 crore on its books. The report said that the company’s profitability showcased improvement in FY24, largely on the back of an increase in the sale of value-added steel products. BPSL, which owed ₹47,200…
Hemp Product of the Year Cannabiz Award for Innovation Best Use of Technology Best Education/Engagement Initiative Clinic of the Year Dispensary/Pharmacy of the Year Best Patient-Focused Initiative Environmental, Social and Governance Award Start-up/Launch of the Year Cultivator of the… Read the original article here
Jet Airways (India) Limited’s former corporate office in Mumbai’s premium business district, Bandra Kurla Complex (BKC), is set to go under the hammer as part of its ongoing liquidation proceedings. According to a recent auction notice filed on the Insolvency and Bankruptcy Board of India’s (IBBI) portal, the asset will be auctioned on 5 June…
Company linked to outlet shopping centre enters liquidation: What we know so far Yahoo News UK Read the original article here
Charlotte Dawson has been plunged into financial turmoil as company Dawsylicious has gone into liquidation. According to documents on Companies House, the reality star’s business is facing a £88,000 tax bill and issued an appointment of voluntary liquidation on Tuesday. The mother-of-three, 32, who welcomed her third child in March, co-owns the wholesale clothing and footwear…