Dubai's Largest Food Company IFFCO Enters Provisional Liquidation – AASTOCKS.com
Dubai’s Largest Food Company IFFCO Enters Provisional Liquidation AASTOCKS.com Read the original article here
NCLAT clears Adani bid, turns down Vedanta plea
New Delhi The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Vedanta in connection with the ongoing insolvency proceedings of Jaiprakash Associates Limited (JAL), bringing closure to a prolonged legal contest over the resolution process. While pronouncing its judgment, the appellate tribunal observed that it did not find…
Embassy Developments Cleared of Insolvency, But Stock Faces Steep Drop
Legal Reprieve Lifts Insolvency Cloud Embassy Developments has won a major legal reprieve. The National Company Law Appellate Tribunal (NCLAT) has overturned a previous order that had started insolvency proceedings against the company. This decision ends any insolvency process against the real estate developer, lifting a significant cloud of uncertainty that followed a December 9,…
Clearwater Land Holdings Placed into Liquidation for Restructuring
CHRISTCHURCH – Clearwater Land Holdings Ltd, the entity formerly responsible for the Clearwater golf course in Christchurch, has been placed into liquidation. The move, described as being for “restructuring purposes,” was initiated last Monday by special resolution of its shareholders, Clearwater Property Holdings Ltd and Wildlife Investments Ltd. John Darby, a Queenstown…
9 car dealerships close or plunge into administration – 2,500 jobs lost or at risk | UK | News
The industry has been grappling with shifts in demand, rising costs and the threat of EVs (Image: Getty) A wave of disruption has hit the UK automotive retail sector, with several major dealership groups and independent operators either closing sites or falling into administration. Thousands of jobs are now either confirmed lost or hanging in…
Over 370 businesses in South Africa shut down in just three months – BusinessTech
Liquidations in South Africa saw another sharp spike in March, rising 8% month-on-month, following a 40% surge in February. According to the latest liquidation statistics from Stats SA, the country recorded 146 liquidations in March 2026, up from 135 the month before. When added to the 96 recorded in January, the country experienced 377 liquidations…
IBBI Extends Deadline for Public Comments on Nine Insolvency Discussion Papers to May 5, 2026
The Insolvency and Bankruptcy Board of India (IBBI) has announced an extension of the deadline for receiving public comments on nine key discussion papers relating to insolvency and bankruptcy regulations. It is originally set for April 28, 2026; the deadline has now been extended to May 5, 2026, giving stakeholders additional time to provide feedback…
NCLT Denies Secured Creditor Claim for Defective Form D
The liquidation phase of the Insolvency and Bankruptcy Code, 2016 (IBC) imposes a structured regime upon secured creditors, requiring them to make timely and transparent elections regarding their security interests. The consequences of procedural non-compliance can be severe, as demonstrated by the National Company Law Tribunal (NCLT), Mumbai Bench, in its judgment dated 13 April…
Agricultural supplier with global links collapses into liquidation
Based in Des Roches Square in Witney, procurement firm Beacon International Trading Limited appointed liquidators Rob Keyes and David Taylor – both of KRE Corporate Recovery Limited – on Friday, April 24. This followed a decision by shareholders, passed on the same day, to wind up the company which was founded in 2022. On its…
‘Cash constraints’ force Kaboodle to close with immediate effect
Kitchen appliance supplier and installation specialist Kaboodle has announced its immediate closure. Announcing the firm’s closure on LinkedIn, commercial director David Simpson said: “I’m sad to formally advise that Kaboodle is to be liquidated as a result of cash constraints. My thoughts and appreciation go to all those employees involved in the insolvency – it’s a…