PARIS, September 29, 2025–(BUSINESS WIRE)–Regulatory News: CARMAT (FR0010907956, ALCAR), designer and developer of the world’s most advanced total artificial heart, aiming to provide a therapeutic alternative for people suffering from advanced biventricular heart failure (the “Company” or “CARMAT“), today provides an update on the ongoing receivership procedure. Update on the ongoing receivership procedure Following a…
Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…
The matter arises from the Court’s May 2, 2025 judgment which struck down JSW Steel’s plan and ordered BPSL’s liquidation under Article 142 of the Constitution. That ruling by Justices Bela M Trivedi and Satish Chandra Sharma had held that the CoC erred in approving the plan. JSW Steel, chosen as the successful resolution applicant in 2019, offered over ₹19,000 crore…
The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following the publication of…
The Supreme Court observed that the conduct of former promoter Sanjay Singhal and others showed an attempt “to prevent the Corporate Insolvency Resolution Process from reaching its logical end.” The Supreme Court on Friday overturned its May 2 order directing the liquidation of Bhushan Power and Steel Ltd (BPSL) and upheld JSW Steel Ltd’s ₹19,700…
The elevated pace of large corporate bankruptcy filings that began in early 2023 has persisted over the last 12 months (2H 2024–1H 2025) and even increased over the prior year. The most common reported drivers have been high inflation and interest rates, reduced consumer demand, and shifts in public policy. Out-of-court restructurings involving liability management…
SDAI Limited: No New Developments in Compulsory Liquidation Update – What Should Investors Expect? Key Points from the Latest Company Update SDAI Limited has issued its monthly update regarding the compulsory liquidation of its subsidiary, KHL Marketing Asia-Pacific Pte Ltd, in compliance with Catalist Rule 704(22). There have been no further material developments since the…
Vinyl Me, Please has relaunched and is now offering credits for subscribers who missed their monthly orders during the company’s absence. The subscription-based record club, which sends a selected vinyl LP out to its members every month, entered liquidation earlier this year, following complaints filed to the Denver-based company by customers that accused them of…
United Insurance to be liquidated after 20 years of receivership Business Daily Read the original article here
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Aspen (Group) Holdings Ltd. ( (SG:1F3) ) has provided an update. Aspen (Group) Holdings Limited has announced that there have been no significant developments regarding the liquidation…