“The IRD’s got quite a lot of arrears that they need to collect in, which built up post-Covid when they were taking the more softly approach. “Historically, they’re closer to an even split between themselves and all other creditors, but at the moment, they’re definitely making up a large portion of the applications.” The ramp-up…
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The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that when a default occurs beyond outer limit of Section 10A of Insolvency and Bankruptcy Code 2016 (‘IBC’), a fresh insolvency application can be filed under Section 7 of the Code. Gangadhar A. Kotian, Suspended Director of Bombay Rayon Clothing Ltd…
Dartbrook coal mine enters administration Mining Weekly Read the original article here
The National Company Law Tribunal, Ahmedabad bench of Mr. Shammi Khan (Judicial Member) and Mr. Sanjeev Kumar Sharma (Technical Member), held that related party status as per the Insolvency & Bankruptcy Code must be determined on the date of commencement of Insolvency Proceedings and not based on historical roles. Background Facts: The Corporate Debtor, Sebacic…
Bellingen Golf Club (NSW) goes into administration Golf Industry Central Read the original article here
Designerex Rescued from Administration Power Retail Read the original article here
Irish owners refused licensing for Butlers Chocolate Café NZ thepost.co.nz Read the original article here
Christchurch decorating company in liquidation owing $2.6 million The Press Read the original article here
A Christchurch-based painting and maintenance company has gone into liquidation, with debts totalling more than $2.6 million. Phil Clarke & Son Limited was placed into liquidation on 8 July 2025 following a special resolution by the company’s shareholder and director Daniel Clarke. The appointed liquidator is Brenton Hunt of Insolvency Matters Limited. According to the…