Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous year. The number of approved resolution plans…
India’s insolvency landscape witnessed mixed developments in FY2025, with a marginal decline in the number of approved resolution plans and a sharp drop in cases admitted under the Corporate Insolvency Resolution Process (CIRP). Per an analysis report by ICRA, the number of resolution plans (RP) approved by the National Company Law Tribunal (NCLT) under the…
Northern Beaches Hospital, Sydney, Australia [Photo by Cabrils via Wikipedia / CC BY-SA 4.0] Australia’s second biggest private hospital operator, Healthscope, was placed in receivership on Monday. This means the future prospects of 38 hospitals, 19,000 staff and hundreds of thousands of patients are now in the hands of ruthless international hedge funds, to which…
As the Hudson’s Bay Company (HBC) store closures in Canada loom, so do massive job losses. In a court document filed on Monday, North America’s oldest company revealed that June 1 will mark the closure of over 80 stores after a months-long liquidation process that began in late March. The Bay stated that the shuttering…
Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous year. The number of approved resolution plans…
Creditors of Titan Bulk Haulage — one of the companies owned by beleaguered Otago businessman Malcolm Burns — have been left out of pocket by more than $1 million. Administration of the liquidation of the Mosgiel trucking company has been completed and the final report this month said $3.33 had been recovered from its bank…
Crisis Interventions in Corporate Insolvency – ANTILL – 2025 – The Journal of Finance Wiley Online Library Read the original article here
New Delhi [India], May 28 (ANI): Fewer companies went through the insolvency process under the Insolvency and Bankruptcy Code (IBC) in financial year (FY) 2025, according to the credit rating firm ICRA. Advertisement As per the ICRA, only 724 companies were admitted for insolvency, a sharp 28 per cent drop from 1,003 in the previous…
The daunting prospect of disqualification acts as a key deterrent to safeguard both the public and financial institutions from corporate misconduct. This article focuses on directors’ disqualification in England and Wales, examining the causes and consequences under the Company Directors Disqualification Act 1986 (CDDA), including the impact of Schedule 13 of The Finance Act 2024…
Last week for liquidation at Hudson’s Bay, with storied company set to lay off more than 8,000 CTV News Read the original article here