The administrators of Australia’s Regional Express (Rex) are seeking an extension to the carrier’s voluntary administration period, as they confirm several “interested parties” in the sale process. Ernst & Young (EY), which is the appointed administrator for Rex, said it is working to narrow the number of bidders, to continue “progressing negotiations with a view…
A company planning what it claimed would be the UK’s first 3D-printed housing development has filed for liquidation. Building for Humanity, a not-for-profit social housing developer that planned to primarily use 3D-printed concrete on its projects, announced plans to build 46 homes in Accrington, Lancashire, in 2022. An application for its Charter Street scheme –…
Jaiprakash Associates Limited has informed the stock exchanges that the fifteenth meeting of its Committee of Creditors (CoC) is scheduled to be held on Wednesday, June 25, 2025. This meeting is a critical part of the ongoing Corporate Insolvency Resolution Process (CIRP) that the company is currently undergoing under the Insolvency and Bankruptcy Code (IBC), 2016.…
Aberdein Considine undergoes corporate restructure insider.co.uk Read the original article here
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 7.9% to 2,238 in May 2025. when compared to April 2025 (2,074) and 15% higher than the same month in the previous year (1,946 in May 2024). The insolvencies consisted of 354 compulsory liquidations,…
The Companies Act, 2013 introduced a transformative institutional framework for the regulation, governance, and adjudication of corporate affairs in India. Central to this reform was the creation of dedicated quasi-judicial bodies: the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT). These bodies were established to streamline corporate dispute resolution and…
The Insolvency and Bankruptcy Board of India (IBBI) has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP), which took immediate effect and has been published in the official gazette. The updated rules allow for improved participation and performance of the resolution professional, committee of creditors (CoC) and financial creditors. Resolution professionals…
Luxury builder heading to liquidation The West Australian Read the original article here
Auckland-based food company LI Creamery Limited, formerly known as Little Island Limited, has been placed into liquidation. Following a special resolution passed by its shareholders, the decision was made under section 241(2)(a) of the Companies Act 1993, taking effect from 9.00 am on the 13th of June 2025. Chartered accountants and licensed insolvency practitioners Raymond…
As we close out the 2024–25 financial year, now is the perfect time to go beyond the numbers and take a broader view of your clients’ financial health. Over the past 12 months, we’ve seen a clear shift in the insolvency and restructuring landscape—one that you need to keep front of mind heading into 2025–26.…