The Insolvency and Bankruptcy Board of India (IBBI) in its latest newsletter said that over the years since the introduction of the Insolvency and Bankruptcy Code (IBC), more companies are getting resolved, and the number of liquidations is going down. “There is a visible trend reversal in the number of companies going into liquidation under…
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Triple Point Energy Transition enters voluntary liquidation By Investing.com Investing.com UK Read the original article here
The service sector was particularly affected, followed by the construction industry and trade. In trade, 1,199 insolvencies were registered, while business-related services recorded 1,091 and construction 1,062. The accommodation and food service sector was also badly affected with 827 bankruptcies. In contrast, the number of private insolvencies fell slightly by 1.0% to 9,634 proceedings. Analysis…
Triple Point Energy Transition PLC Announces Voluntary Liquidation and Shareholder Distributions TipRanks Read the original article here
Cafe Coffee Day outlet. | Photo Credit: Reuters The insolvency process against Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, has resumed as appellate tribunal NCLAT could not pass the order within the specified deadline of February 21, set by the Supreme Court. Last week, the Chennai bench of the National…
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Rise in corporate insolvencies in England and Wales Business Live Read the original article here
Cafe Coffee Day insolvency process resumes after NCLAT fails to meet SC deadline The Times of India Read the original article here
“Since the appeal has not been disposed of until Feb. 21, 2025, as per the instruction of the Supreme Court, the order passed by NCLAT regarding the stay on the CIRP of the Corporate Debtor stands vacated. Therefore, the CIRP of the Corporate Debtor recommences/resumes and the powers of the IRP are hereby reinstated with…