Dragonboat Restaurant has been serving Cantonese cuisine on Auckland’s Elliott Street since 1994. Photo: RNZ / Yiting Lin A prominent Chinese restaurant in Auckland’s CBD was placed into liquidation last month after owing at least $1.4 million to creditors. Opened in 1994, Dragonboat Restaurant on Elliott Street served a wide range of Cantonese dishes, including…
The IBBI has proposed making it mandatory for the committee of creditors (CoC) to formally record its deliberations on the eligibility of resolution applicants under Section 29A of the IBC Code aimed to enhance transparency in the corporate insolvency resolution process (CIRP). Section 29A of the Insolvency and Bankruptcy Code (IBC) lays down the ineligibility…
The Supreme Court of India, on August 11, 2025, reserved its judgment in the ongoing legal battle surrounding JSW Steel’s resolution plan for Bhushan Power and Steel Limited (BPSL). The bench, led by the Chief Justice, heard final arguments from all parties involved in a batch of appeals stemming from the Corporate Insolvency Resolution Process…
The Supreme Court today (August 11) reserved its decision in the batch of appeals challenging the resolution plan of JSW Steel for Bhushan Power and Steel Ltd (BPSL). The bench of CJI BR Gavai and Justices SC Sharma and K Vinod Chandran heard the matter. Previously, the bench, in exercise of review power, had recalled…
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China South City on Monday became the first state-backed property developer to get a liquidation order from the Hong Kong High Court since the Chinese property sector tipped into a debt crisis in 2021. The news, announced by the company on Monday, comes more than a year after a group of its creditors filed a…
Hundreds sacked in $42m company collapse MSN Read the original article here
According to Newscorp papers liquidators are scrutinizing a company run by the children of a collapsed truck repair group. Gold Coast business, Truck Repair Group (TRG) went into voluntary liquidation in December last year (see original Paint & Panel article here) owing money to a host of suppliers and contractors. Scott Hunter was director of…
The execution of China South City’s liquidation may encounter difficulties regarding mainland asset seizure. (AI image) A Hong Kong High Court has issued a liquidation order for China South City Holdings Ltd., marking the largest Chinese construction company by assets to face winding up since China Evergrande Group.This court decision exemplifies the ongoing impact of…
IBBI proposes recording CoC deliberations on bidder eligibility in CIRP to enhance transparency. Details on Section 29A, 32A & digitalisation. New Delhi, Aug 11 (PTI) The IBBI has proposed making it mandatory for the committee of creditors (CoC) to formally record its deliberations on the eligibility of resolution applicants under Section 29A of the IBC…