The National Company Law Tribunal (NCLT), Mumbai Bench, has approved Reliance Retail Ventures Limited (RRVL) as the successful bidder for Future Supply Chain Solutions Limited (FSCSL), with a resolution plan amounting to approximately Rs 171.39 crore. This order brings to a close a corporate insolvency resolution process (CIRP) that lasted over two and a half years.…
An insurance company, which has insured several New York hospitals and charities, has filed for bankruptcy and is closing its practice after being overwhelmed by lawsuits related to that state’s Child Victims Act (CVA). Bermuda-based Northeast Insurance Company filed for Chapter 15 bankruptcy protection in New York on Oct. 15, seeking U.S. recognition of its…
Funding during voluntary administration – right of indemnity and liens Ashurst Read the original article here
VIDEO: Rex Airlines finds a buyer after entering into voluntary administration Australian Broadcasting Corporation Read the original article here
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Manchester Pride has begun voluntary liquidation, days after the Charity Commission said it was “assessing concerns” over the charity’s finances. The news, announced in a statement on 22 October, comes after some artists and businesses reported having not been paid, with requests for payment being met with silence. Organisers of Manchester Pride cited rising costs,…
Standon Calling ends as company goes into liquidation IQ Magazine Read the original article here
23 October 2025, 12:09 Standon Calling organisers say the festival will return in 2025. Picture: Lorne Thomson/Redferns/Getty Organisers have announced that after 17 events, 2023’s Standon Calling will be its last. Standon Calling has announced its closure due to financial issues. The festival – took place in the village of Standon in Hertfordshire- has not…
Early last year, some performers and food vendors complained that they were owed tens of thousands of pounds from the 2023 festival. A November 2024 report from the Association of Independent Festivals (AIF) found that 72 UK festivals had been cancelled or postponed that year, doubling figures from the previous year. John Rostron, AIF CEO,…
Keppel Ltd. Initiates Voluntary Liquidation of Dormant Subsidiary: What Investors Should Know Key Developments from Keppel Ltd. Keppel Ltd., a major Singapore-based conglomerate, has announced the commencement of a members’ voluntary liquidation for its wholly-owned subsidiary Techbod Info Tech (Shanghai) Co. Ltd. The process was officially disclosed on 23 October 2025. What Does This Mean…