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New Delhi, May 21 (KNN) Corporate insolvency resolutions through the National Company Law Tribunal (NCLT) slumped to a 13-quarter low in the January–March 2026 period, with only 36 cases resolved — a sharp decline from 70 in the same quarter a year ago. The figure marks the worst March quarter for insolvency resolution since January–March…
The National Company Law Tribunal (NCLT) Mumbai Bench has admitted a Corporate Insolvency Resolution Process (CIRP) plea filed by Bank of India against Distribution Logistics Infrastructure Private Limited holding that a financial creditor cannot be compelled to await conclusion of consortium led One Time Settlement (OTS) negotiations once debt and default stand established. The Financial…
A group of large-scale sugar growers is looking to save Tongaat Hulett, with the iconic company set for a liquidation hearing less than one month away. Tongaat’s history dates back to 1892, and it grew into one of the nation’s primary sugar producers, supporting thousands of jobs in KwaZulu-Natal. Despite its significant history, the company…
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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Building energy management solutions company EPX (ASX: EPX) has satisfied all the conditions required to acquire Australian energy efficiency platform WattWatchers, which was recently placed into voluntary administration. EPX submitted a deed of arrangement proposal to the administrators this month outlining an acquisition price of $1.05 million, of which it will pay $550,000 in cash…
Australia’s 6th largest conveyancer enters administration AFR Read the original article here
New group steps in to save 134-year-old South African company from liquidation Daily Investor Read the original article here
India’s new insolvency rules could make large business failures less messy CNBC TV18 Read the original article here