China Evergrande Group Provides Update on Liquidation Proceedings – TipRanks
China Evergrande Group Provides Update on Liquidation Proceedings TipRanks Read the original article here
Insolvency-bound Jaiprakash Associates must be sold as one unit, not by dividing assets: NCLT – The Economic Times
Insolvency-bound Jaiprakash Associates must be sold as one unit, not by dividing assets: NCLT The Economic Times Read the original article here
Administrators must exercise diligence before accepting an appointment under section 436C of Corporations Act
This week’s TGIF considers the recent decision of the Federal Court of Australia in Patel v Pleash [2025] FCA 77 which held that a proposed administrator must take reasonable steps to be satisfied as to the basis of their appointment before accepting an appointment. Key takeaways Registered liquidators should exercise appropriate care and diligence in…
Fresh trouble for SpiceJet as 3 aircraft lessors, former pilot file insolvency pleas
Three lessors – NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million (about Rs 110 crore). Last Updated : 08 March 2025, 09:17 IST Read the original article here
Shandong Molong Petroleum Machinery Faces Debtor Liquidation Proceedings – TipRanks
Shandong Molong Petroleum Machinery Faces Debtor Liquidation Proceedings TipRanks Read the original article here
Insolvency-bound Jaiprakash Associates must be sold as one unit, not by dividing assets: NCLT
New Delhi, Mar 10 (PTI) The National Company Law Tribunal (NCLT) has directed that the resolution plans to acquire Jaiprakash Associates through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals. NCLT has said ‘Form G’ published by the resolution professional of…
Walleys Quarry owner owed millions when it collapsed | Local News | News | Stoke Nub News
The company that ran Walleys Quarry owed millions to creditors when it collapsed, a new document shows. Walleys Quarry Ltd (WQL) entered voluntary liquidation last month, three months after the controversial Silverdale landfill site was issued with a closure notice. The company’s statement of affairs, published on Companies House, has now revealed that it owed…
Major Local Live Music Events Placed into Voluntary Administration
Two Australian and New Zealand live music events – one of which that didn’t even go ahead with its inaugural shows – have been placed into voluntary administration. As reported by the NZ Herald, one of those events is the Timeless Summer Tour, which was scheduled for debut events throughout Australia in January with a…
Local Music Festivals Placed into Voluntary Administration
Two Australian and New Zealand live music festivals have been placed into voluntary administration. As reported by the NZ Herald, one of those events is the Timeless Summer Tour, which was scheduled for debut events throughout Australia in January with a lineup that included Culture Club’s Boy George, ex-Spandau Ballet singer Tony Hadley, and Bonnie…
Juicy Fest and Timeless Summer Tour into Voluntary Administration
Two music festivals have been placed into voluntary administration. As reported by the NZ Herald, one of those events is the Timeless Summer Tour, which was scheduled for debut events throughout Australia in January with a lineup that included Culture Club’s Boy George, ex-Spandau Ballet singer Tony Hadley, and Bonnie Taylor. After being announced last…