NEW DELHI: The bankruptcy regulator has amended the framework for reporting the corporate insolvency resolution process (CIRP) to ease compliance burden without undermining effective oversight, according to a circular. Under the revised reporting framework, the existing nine forms will be compressed into five by removing duplication, streamlining data requirements and leveraging technology for auto-population of…
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The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved Rs 502-crore resolution plan submitted by Evonith Holdings Pvt. Ltd. for Topworth Urja & Metals Limited, marking a significant step in the corporate insolvency resolution process (CIRP) of the company. The order, pronounced on May 26, 2025, by a bench of Member (Judicial)…
By Alex Wittenberg · May 28, 2025, 2:01 PM EDT A Texas bankruptcy judge on Wednesday said he would allow landscape plant grower TreeSap Farms to solicit creditor votes on its Chapter 11 liquidation plan, days after the company closed on… To view the full article, register now. Read the original article here
Canada job loss: Hudson’s Bay to lay off approximately 90% of its workforce as iconic retailer shuts down MSN Read the original article here
Workers from now-defunct Hudson’s Bay locations across Ontario are rallying against severance denials. A report by Unifor, a Canada-wide union, revealed that Hudson’s Bay staff represented by the group (some 600 workers) gathered in Toronto and Windsor yesterday to demand owed severance as the company’s liquidation nears completion. Due to a lack of support, union…
Access Denied You don’t have permission to access “http://www.business-standard.com/companies/news/ibbi-allows-asset-wise-resolution-plans-under-ibc-125052801760_1.html” on this server. Reference #18.529c3e17.1748446776.1eaff4db https://errors.edgesuite.net/18.529c3e17.1748446776.1eaff4db Read the original article here
Frederick and Claire Reeves hired people who would burst into song at social events such as weddings The husband-and-wife allowed their company, Solfan1 Limited, to trade when they knew it was in serious financial trouble and on the verge of liquidation Couples continued to pay deposits or payments in full when Frederick and Claire Reeves…
Singing waiters banned as directors for eight years after taking payment while insolvent TheBusinessDesk.com Read the original article here
IBBI Mandates Digital Filing of CIRP Forms Under Third Amendment Effective June 1 [Read Notification] Taxscan Read the original article here