[HONG KONG] Developer China South City Holdings was ordered to liquidate by Hong Kong’s High Court, making it the biggest Chinese builder by assets to be wound up since China Evergrande Group. The ruling from judge Linda Chan came after the liquidation petitioner asked for an immediate wind-up order. China South City asked the court…
Builder China South City Ordered to Liquidate by Hong Kong Court Bloomberg.com Read the original article here
Auckland restaurant Dragon Boat goes into liquidation after 31 years Stuff Read the original article here
Insolvency practice hires new director – will lead development of bankruptcy advice services Insider Media Ltd Read the original article here
The Mumbai Bench of the National Company Law Tribunal (NCLT) admitted a Section 10 application filed by NAC Advertising India Private Limited and initiated the Corporate Insolvency Resolution Process (CIRP) against it, after finding that the company’s financial default was clearly established and above the threshold under Section 4(1) of the Insolvency and Bankruptcy Code,…
The business also faced higher trading and compliance costs, before it entered arrears with the landlord. The first report was unable to detail what assets the business had available for creditors other than a vehicle worth $29,294.67 and property, plant and equipment not subject to securities worth $16,369. Customers at Auckland’s Dragonboat Restaurant were still…
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…
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…
China South City Holdings Ltd, the largest Chinese property developer by assets to face court-ordered liquidation since China Evergrande Group, has been ordered to wind up by Hong Kong’s High Court, dealing another blow to already fragile investor confidence in the country’s real estate sector. Bloomberg reported that the ruling from Judge Linda Chan came…
The Insolvency and Bankruptcy Board of India (IBBI) has introduced the Insolvency Resolution Process for Corporate Persons (Fifth Amendment) Regulations, 2025 (regulations). These make significant changes to the corporate insolvency resolution process (CIRP) and are in force from 4 July 2025. In particular, the amendments impose disclosure requirements for the information memorandum (IM). This document,…