Carmat files for insolvency – MassDevice
Carmat files for insolvency MassDevice Read the original article here
India Greenlights Game-Changing Group Insolvency Framework, ET LegalWorld
From Silos to Synergy: India’s Bankruptcy Law Gets Its Biggest Overhaul Yet New Delhi: Imagine a group of companies—parent, subsidiaries, and affiliates—so tightly bound that if one fails, the rest stumble too. Until now, India’s insolvency law treated each of these firms like isolated islands. But that’s about to change. In a major reform, the…
MHA: Is a rise in Scottish liquidations down to renewed HMRC activity?
Increased HMRC activity could be causing the recent rise in Scottish company liquidations, according to an Aberdeen insolvency specialist. New figures from Creditsafe showed 141 new Scottish administrations and liquidations in May – the highest number since December 2022 when 142 cases were recorded. Michael Reid, Aberdeen-based partner and insolvency specialist at MHA, which has…
EXEC: Nike, Inc. Forcing Australia’s SurfStitch Into Liquidation
EXEC: Nike, Inc. Forcing Australia’s SurfStitch Into Liquidation | SGB Media Online … Read the original article here
Lindsey Oil Refinery Enters Liquidation
– Advertisement – One of the UK’s major oil refineries has gone into liquidation, putting more than 400 jobs directly at risk and sparking concerns over fuel security. Lindsey Oil Refinery in Killingholme, Lincolnshire, which employs around 440 workers, has been forced to shut down after its parent company entered liquidation following mounting financial losses.…
Major Jacks Point property developer goes into liquidation
A property developer linked to some of the largest construction projects at Jacks Point near Queenstown has gone into liquidation. Formcrete Construction Ltd went into liquidation on June 25, with Baker Tilly Staples Rodway of Auckland appointed as liquidators. The company was formerly known as Falconer and Co. Ltd up until 2022. According to the…
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Corporate Insolvencies Rise as Climate ‘Remains Tough’ for Business
Corporate insolvencies increased by 7.9% in May 2025 to a total of 2,238, compared to April 2025’s total of 2,074, and increased by 15% compared to May 2024’s figure of 1,946. Corporate insolvencies decreased by 10.2% from May 2023’s total of 2,493. Personal insolvencies decreased by 0.5% in May 2025 to a total of 10,014…
SAM, AZB, Khaitan act on Vadraj Cement Corporate Insolvency Resolution Process
Shardul Amarchand Mangaldas & Co, AZB & Partners, and Khaitan & Co have acted on the successful implementation of a ₹1,800 crore resolution plan in the Corporate Insolvency Resolution Process of Vadraj Cement Limited. The resolution applicant, Nuvoco Vistas Corporation Limited, a part of the Nirma Group—undertook the acquisition through its wholly owned subsidiary Vanya…
SAM, AZB, Khaitan act on Vadraj Cement Corporate Insolvency Resolution Process
AZB & Partners advised the Resolution Professional, Pulkit Gupta, on legal aspects. The transaction team comprised of Partner Suharsh Sinha, Partner Amrita Sinha, Senior Associate Kushagra Pandey, and Associates Rahul Thomas, Idhika Agarwal and Rashi Priya – with support on all on-going litigations in Mumbai and Delhi from Senior Partner Anindita Roy Chowdhury, Partner Vivek…