Corporate insolvencies increased by 7.9% in May 2025 to a total of 2,238, compared to April 2025’s total of 2,074, and increased by 15% compared to May 2024’s figure of 1,946. Corporate insolvencies decreased by 10.2% from May 2023’s total of 2,493. Personal insolvencies decreased by 0.5% in May 2025 to a total of 10,014…
Shardul Amarchand Mangaldas & Co, AZB & Partners, and Khaitan & Co have acted on the successful implementation of a ₹1,800 crore resolution plan in the Corporate Insolvency Resolution Process of Vadraj Cement Limited. The resolution applicant, Nuvoco Vistas Corporation Limited, a part of the Nirma Group—undertook the acquisition through its wholly owned subsidiary Vanya…
AZB & Partners advised the Resolution Professional, Pulkit Gupta, on legal aspects. The transaction team comprised of Partner Suharsh Sinha, Partner Amrita Sinha, Senior Associate Kushagra Pandey, and Associates Rahul Thomas, Idhika Agarwal and Rashi Priya – with support on all on-going litigations in Mumbai and Delhi from Senior Partner Anindita Roy Chowdhury, Partner Vivek…
Hobart-based premium appliance retailer Elite Appliances has been placed into liquidation in a move that has shocked the industry. “Notice is given that at a general meeting of the members of the Company held on 30 June 2025, it was resolved that the Company be wound up and Adam Johnston be appointed liquidator(s),” said a…
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The parent company of the Lindsey Oil Refinery has entered liquidation, putting hundreds of jobs in jeopardy. The refinery, located in Killingholme, employs around 440 people. In addition, hundreds more work for the Prax Group across 200 other sites, with their jobs now also under threat. The development follows the company’s move to appoint administrators…
Cheesed-off Mundella Foods creditors left wanting $3m slice The West Australian Read the original article here
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Image: XL Express Well-known Australian independent logistics operator XL Express is in voluntary administration. On June 27, FTI Consulting was appointed as the voluntary administrators of the XL Express Group to begin an “urgent assessment” of the viability of the company that has more than 35 years of experience in the industry. The…