The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the initiation of a corporate insolvency resolution process (CIRP) against Gstaad Hotels Pvt Ltd following a petition by its financial creditor, Omkara Asset Reconstruction Pvt Ltd, owing to a default of Rs 665.74 crore. The debt, originally extended by Piramal Capital and Housing…
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On 2 May 2025, the Supreme Court delivered a far-reaching Judgement in the matter of Kalyani Transco v Bhushan Power and Steel Ltd. The Court was hearing appeals by a bunch of operational creditors who had challenged the Corporate Insolvency and Resolution Process (CIRP) of Bhushan Power and Steel Limited (BPSL). In 2019, the National…
Six thousand Australians who invested hundreds of millions of dollars of their super funds with First Guardian, which collapsed earlier this year, have been told by the fund’s liquidator the case will take at least a year to resolve and there may be insufficient funds to pay them back. Liquidators from FTI Consulting, Ross Blakeley…
Tile supplier’s assets to be sold after its collapse into liquidation Insider Media Ltd Read the original article here
Background On 22 September 2022, HMRC initiated a new voluntary process for insolvency practitioners to help HMRC to manage the tax impacts of directors’ loan accounts. The process was published by the insolvency regulators and is also set out at Dear IP chapter 8.46 found on the R3 website. Under the process, insolvency practitioners were…
Owners of collapsed Research First company back in business The Press Read the original article here
Holly Willoughby’s firm given new chance to avoid liquidation over £377K bill The Sun Read the original article here
An error has occurred Your request was blocked by Link11 Web Application Security.If you believe this is the result of an error, contact the administrator of www.tipranks.com. ID: 54be9a032528d69b486ff499c16f75f8, IP Address: 110.232.115.214, Status Code: 471Timestamp: 2025-07-09T21:03:20.846863454+00:00 Read the original article here
NEW YORK–(BUSINESS WIRE)–Jul 9, 2025– RMG Acquisition Corp. III (the “Company”) today announced that, because the Company will not consummate an initial business combination within the time period required by its Fifth Amended and Restated Memorandum and Articles of Association, the Company intends to redeem all of the outstanding shares of Class A ordinary shares…