SDAI Limited Reports No New Developments in Subsidiary Liquidation – TipRanks
SDAI Limited Reports No New Developments in Subsidiary Liquidation TipRanks Read the original article here
RPs can now invite interim finance providers to CoC meetings
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant changes to the corporate insolvency framework by notifying the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2025. The amendment regulations, which came into effect on May 26, aim to streamline the insolvency resolution process and enhance…
‘Absolutely gutted’: £16,500 Glastonbury packages won’t be fulfilled after company goes bust | Money News
Glastonbury ticket holders have been left thousands of pounds out of pocket after a luxury glamping company went bust. Festival-goers who booked their tickets and accommodation with Yurtel have been told the company can no longer fulfil its orders and has ceased trading with immediate effect. Money: Read all the latest news here Some had…
Seek restructuring support at first sign of distress – GIPC CEO urges businesses
By Kingsley Webora TANKEH Chief Executive Officer-Ghana Investment Promotion Centre (GIPC), Simon Madjie, has urged Ghanaian businesses to seek restructuring and insolvency services in times of temporary financial difficulty to avert liquidation. “I want to strongly urge SMEs, state-owned enterprises and even large corporations to seek restructuring support at the first sign of distress and…
Corporate insolvencies reach highest level since July
Corporate insolvencies in England and Wales rose last month to the highest level since July. They increased by 2.9% in April to 2,053, up from 1,996 in March, according to new figures from trade body R3. This is a 5.1% decrease compared to last April’s figure of 2,163 but a leap up of 13.2% since…
IBBI Insolvency Reforms 2025 | SCC Times
On 26-5-2025, the Insolvency and Bankruptcy Board of India (‘IBBI’) notified Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (4th Amendment) Regulations, 2025 to enhance transparency, improve creditor protections, and streamline insolvency resolution. It came into force on 26-5-2025. Key Points: The notable changes that this Amendment brings to Insolvency and…
ASIC confirms notice of winding up and liquidation of lighting technology business Vailo
The Australian Securities and Investments Commission (ASIC) has this week issued notices of the liquidation of South Australian-based lighting company Vailo. Liquidator Robert Hutson of KordaMentha is seeking debts owed to parties including the National Australia Bank, and separately a Supreme Court order to wind up the company has been made with liquidator Robert Ferguson…
Unsecured creditors left out of pocket after collapse of Custom Construction – The Post (Wellington)
Unsecured creditors left out of pocket after collapse of Custom Construction The Post (Wellington) Read the original article here
Corporate governance deficiencies threaten Ghanaian businesses – GIPC
Weak corporate governance continues to be a major contributor to business failures in Ghana, according to Simon Madjie, Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC). Speaking at a lecture organised by the Chartered Institute of Restructuring and Insolvency Practitioners (CIRIP), Mr. Madjie cited poor oversight, unethical leadership, and flawed decision-making as persistent…
SC agrees to hear petition by Byju’s promoters – ThePrint – PTIFeed
New Delhi, May 29 (PTI) The Supreme Court on Thursday agreed to hear a petition filed by the promoters of tech company Byju’s, seeking to uphold a pre-Corporate Insolvency Resolution Process (pre-CoC) settlement in the company’s insolvency proceedings. The promoters’ lawyers challenged the decision by the Chennai-bench of National Company Law Appellate Tribunal (NCLAT) that…