The Insolvency and Bankruptcy Board of India ( IBBI ) notified Vide Circular No. IBBI/LIQ/74/2024 dated 28.06.2024 extended the time for filing Forms to monitor voluntary liquidation processes under the Insolvency and Bankruptcy Code ( IBC ), 2016. The liquidators were directed to file forms relating to the voluntary liquidation latest by 30.09.2024. Voluntary liquidation…
Last days at Hudson’s Bay: Empty shelves and bargain hunters Times Colonist Read the original article here
A lynchpin construction company of the Celtic Tiger-era property magnate Bernard McNamara has gone into liquidation with multi-million euro debts. A creditors’ meeting for MB McNamara Construction was held this morning at the Grand Canal Hotel on Grand Canal Street Upper. Myles Kirby, founding partner of the accountancy firm Kirby Healy, has been…
Drum maker Greif Nigeria settles obligations, plans final company meeting ahead of dissolution Nairametrics Read the original article here
The Ministry of Corporate Affairs (MCA) is set to introduce significant changes to the annual filing system with the launch of MCA-21 V3 portal. These comprehensive updates will revolutionize how companies handle their annual compliance requirements, introducing new forms, enhanced functionalities, and streamlined processes. Introduction of Five New Annual Filing Forms …
Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has urged Ghanaian businesses to seek restructuring and insolvency services in times of temporary financial difficulty to avert liquidation. “I want to strongly urge SMEs, state-owned enterprises and even large corporations to seek restructuring support at the first sign of distress and not…
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New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) has notified amendments to the regulations governing corporate insolvency, aiming to streamline procedures, protect creditor interests, and encourage greater investor participation in resolution processes. Among the significant change introduced is a provision for allowing resolution professionals with the Committee of Creditor’s (CoC) approval, to invite…
Firewood supply company’s assets to be sold following liquidation Insider Media Ltd Read the original article here
NEW DELHI: The insolvency appellate tribunal has approved the insolvency proceedings against the debt-ridden Jaypee Cement, upholding an earlier order passed by the National Company Law Tribunal (NCLT). A two-member bench of the NCLAT rejected the appeal filed by Alok Gaur against the NCLT order, saying the debt and default matter is proved, and it…