Print companies Acorn Press and MPD Offset had ceased trading on Friday, January 31, less than six months on from the two companies completing a merger. As of 27 February, Huw Powell and Andrew Hook of insolvency practitioners Begbies Traynor have been appointed as joint liquidators for both companies, according to filings at The Gazette.…
The National Company Law Tribunal, Mumbai bench comprising Prabhat Kumar (Technical Member) and Justice V. G. Bisht (Judicial Member) have held that any payments made from the Corporate Debtor’s account after the commencement of the Corporate Insolvency Resolution Process (CIRP) without the Interim Resolution Professional’s (IRP) approval are in contravention of the moratorium under Section…
IBC Weekly Round Up [24th February – 2nd March 2025] Live Law – Indian Legal News Read the original article here
Walleys Quarry environmental permits ‘no longer exist’ after liquidation Stoke-on-Trent Live Read the original article here
The FCA has banned David Robert Cooke from carrying out any regulated activity after receiving a police caution for insurance fraud that led to the collapse of a client. Cooke, who had been a director at Weston-super-Mare-based broker Professional Construction Risks, setup a public liability policy for a client on 19 October 2019, knowing that…
In the quarterly newsletter report, the Insolvency Bankruptcy Board of India (IBBI) has observed a consistent upward trend in resolutions and a significant downward shift in the number of liquidations, starting from 2020-21. “Over the years, more and more companies are being resolved under IBC and the number of liquidations is going down,” the report…
REMEX Liquidation Expands Overstock & Returns Liquidation Solutions for eCommerce Sellers The Malaysian Reserve Read the original article here
Leading the high-profile moves this week, White & Case has hired Richard Browne as a partner into its global M&A practice. Recognised as a Legal 500 leading individual for corporate governance, Browne joins from A&O Shearman. Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Read the original…
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) that Resolution Plan approved by the Adjudicating Authority cannot be questioned by the Operational Creditors when they were provided more than the liquidation value under the Plan as…
By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 16:16 AEDT, 6 March 2025 | Updated: 16:19 AEDT, 6 March 2025 An Australian fashion chain has been forced to close 51 stores after it was forced into liquidation by the Federal Court. Ally Fashion was also forced to axe 250 staff members after the company collapsed. …