Downing Strategic Micro-Cap IT enters voluntary liquidation – Investing.com
Downing Strategic Micro-Cap IT enters voluntary liquidation Investing.com Read the original article here
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Corporate insolvencies highest in more than five years
Corporate insolvencies in England and Wales increased by 6.4% in January 2025 to a total of 1,971 compared to December 2024’s total of 1,852, and increased by 10.7% compared to January 2024’s figure of 1,780. Corporate insolvencies increased by 13.1% from January 2023’s total of 1,743. Personal insolvencies in England and Wales decreased by 3.4%…
Forever 21 may close remaining stores as second bankruptcy looms – MSN
Forever 21 may close remaining stores as second bankruptcy looms MSN Read the original article here
NCLT Admits Insolvency Against AVIOM India Housing Finance: Rediff Moneynews
The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against AVIOM India Housing Finance, following the Reserve Bank of India’s intervention due to governance concerns and payment defaults. New Delhi, Feb 21 (PTI) The National Company Law Tribunal (NCLT) has admitted the application for commencement of corporate insolvency resolution process against AVIOM India Housing…
No Bar on Corporate Debtor from Contesting Application u/s 9 of IBC even in absence of Demand Notice
“If notice under Section 8 is not replied by the Corporate Debtor for some reason or other it does not debar the Corporate Debtor to contest the application filed under Section 9 of the Code by raising its defence” The National Company Law Appellate Tribunal (“NCLAT”) New Delhi bench has held that the Corporate Debtor…
Relief U/S 60(5) Of IBC Against Rejection Of Claims By Liquidator Cannot Be Sought When Remedy U/S 42 Is Not Exhausted: NCLAT
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 relief under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (Code) cannot be claimed against rejection of claims by the liquidator when the remedy…
MCA to work on increasing recovery from corporate insolvency process – MSN
MCA to work on increasing recovery from corporate insolvency process MSN Read the original article here
Adjudicating Authority Can’t Override CoC’s Majority Decision On Extension Of CIRP Period At Instance Of Minority Dissenting Creditor: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench comprising Justice Ashok Bhushan (Chairperson), Barun Mitra (Technical Member) and Arun Baroka (Technical Member) have re-iterated that that liquidation of the Corporate Debtor should be the last resort. The Tribunal observed that when 95.01% of the CoC members, after considering all aspects, passed a resolution…
Builder linked to high profile Perth projects hits trouble – The West Australian
Builder linked to high profile Perth projects hits trouble The West Australian Read the original article here