The principles guiding the court’s discretion in constituting a COI are well established, and the main goal is to ensure that the composition of the COI is fair, balanced, and conducive to the efficient supervision of the liquidation. The Hong Kong Court recently handed down a decision (Re China Evergrande Group (in liquidation) [2025] HKCFI…
According to a statutory report filed with the Australian Securities and Investments Commission (ASIC) by the liquidator, another company run by Mr Hersee, known as Sage Painting Port Stephens, purchased Sage Painting’s business, intellectual property, plant and equipment before it was placed in liquidation. Read the original article here
Formcrete Construction owes $7.4m as liquidation unfolds BusinessDesk | NZ Read the original article here
In its recent decision on the autonomy of stakeholders in a voluntary liquidation process, the National Company Law Appellate Tribunal (NCLAT) decisively settled the scope of judicial intervention under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Ld. Appellate Tribunal held that once a corporate debtor has lawfully replaced a voluntary liquidator…
Kate Moss‘ Cosmoss has officially filed to close all its operations. The skin care and wellness business, launched by the 51-year-old British supermodel in 2022, entered into liquidation proceedings on June 24, according to the company filing. According to the filing, Cosmoss owed about $3 million to its creditors; the majority of which was owed…
Homeplus initiates sale process amid fierce acquisition competition and liquidation concerns – CHOSUNBIZ Chosun Biz Read the original article here
SBI tags Reliance Communications’ loan as ‘Fraud’, names Anil Ambani in letter to RBI MSN Read the original article here
Home Business Big win for Gautam Adani, this tribunal approves Rs 20000000000 plans, clears bid for 2 assets of… The CoC initially rejected this proposal, however, reversed its stance in September 2021 after objections from home buyers. Gautam Adani (File Image) The National Company Law Tribunal (NCLT) has approved Adani Properties’ resolution plans for two…
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here
NCLT Approves Adani Properties Bid For Two HDIL Assets In Mumbai NDTV Profit Read the original article here