Updated May 19, 2025 12:22 IST A significant contributor to the improved performance in FY25 was the appointment of 20 new NCLT members in February 2025, which helped alleviate case backlogs and expedite resolutions. (Reported and Authored by Anjali Palod) Creditors are poised to recover over ₹67,000 crore through resolutions under the Insolvency and Bankruptcy…
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The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that Interim Resolution Professional (IRP) is well within his authority under Section 18(1)(f) of the Insolvency and Bankruptcy Code, 2016 (Code) to take possession of assets…
Retailer Peter Stevens Motorcycles has entered voluntary administration. The business had dealerships across Australia including Victoria and sold new and used motorcycles, parts and accessories. Up to 400 jobs are now at risk, with Herald Sun reporter and motorcycle enthusiast Ian Royall telling Tony Jones on 3AW Drive “it’s a bit of a shock for…
Breaking: Peter Stevens Motorcycles to enter voluntary administration infomoto.com.au Read the original article here
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Christchurch modular housing company Shape Construction has gone under, owing more than $1 million to creditors and leaving homes unfinished. The company went into liquidation on May 2 with Brenton Hunt of Insolvency Matters appointed as the liquidator by the company director. Shape Construction, which began operating in 2012, ceased trading in April. In the…
Christchurch modular housing company Shape Construction has gone under owing more than $1 million to creditors and leaving homes unfinished. The company went into liquidation on May 2 with Brenton Hunt of Insolvency Matters appointed as the liquidator by the company director. Shape Construction, which began operating in 2012, ceased trading in April. In the…
Transcript: AMA Queensland President Dr Nick Yim, ABC Radio Brisbane, Breakfast with Craig and Loretta, Monday 19 May 2025 Subject: Toowong Private Hospital in voluntary administration LORETTA RYAN: Across the country, a growing number of private hospitals are facing an uphill battle to stay in business. A major contributing factor is the difference between the cost…