Category Archives: Liquidation

Legal shift in areas of AI, cybersecurity, and insolvency shake-up will reshape India Inc in 2025

Critical legal and regulatory shifts, from AI-driven workforce transformation to evolving insolvency frameworks, are expected to redefine India Inc.’s business strategy.A recent report by Khaitan & Co., ‘Foresight 2025,’ states that legal agility will be key for businesses navigating India’s evolving corporate terrain as regulatory complexities deepen across sectors. As the regulatory landscape tightens, the…

Companies linked to Norwich tax raid firm are winding up

Matt Precey BBC News, Norfolk Matt Precey/BBC The Union Building in Norwich was the location of a raid by HMRC officers last September A dozen companies linked to the director of a firm which was raided by HM Revenue and Customs (HMRC) are being wound up, the BBC can reveal. Most are based in the…

Companies linked to Norwich tax raid firm are winding up

A former employee of Impact Business Shared Services Ltd (IBSS), who did not wish to be identified, said they were among those owed money. “Everyone at IBSS was let go without their final month’s pay,” the former worker said. “We’re all out of pocket by a few thousand pounds.” Employee back pay totalling £156,700 is…

Syncona Notes Voluntary Liquidation of Achilles -February 05, 2025 at 02:25 am EST

Syncona Limited is a Guernsey-based closed-ended investment company. The Company’s investment objective is to achieve superior long-term capital appreciation from its investments. It seeks to achieve returns over the long term. It focuses on creating, building and scaling companies around science to create a diversified portfolio of 20-25 global healthcare businesses, across development stage and…

Brisbane agency Wonderkarma in liquidation

Creative agency Wonderkarma, with offices in Brisbane and Vanuatu, has gone into liquidation. Declan Lane and Simon Cathro of Cathro and Partners have been appointed liquidators, according to documents lodged with corporate regulator ASIC.  A meeting of shareholders approved the voluntary winding up January 31. Clients include Aurizon, Australia’s largest rail freight operator, and the…

Interplay between Insolvency and Bankruptcy Code 2016 and Mediation

Mediation can play a crucial role in improving the efficiency of insolvency proceedings, resolving disputes among multiple creditors, and fostering consensus among diverse stakeholders. It can help reduce delays and costs, thereby increasing the likelihood of successful restructuring for businesses and delivering better returns to creditors. This is particularly important during the “pre-commencement” stage, where…

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