Category Archives: Liquidation

Moratorium During Insolvency Process Does Not Bar Cheque Dishonour Proceedings Against Persons Referred U/S 141 Of NI Act: Kerala High Court

The Kerala High Court yesterday (on February 12), observed that during the Corporate Insolvency Resolution Process, initiation of cheque dishonour proceedings, due to the moratorium, is prohibited only against the corporate debtor and not against the persons referred under Section 141 of the Negotiable Instruments Act (N.I. Act). In other words, the accused persons in…

EFishery cuts about 90% of jobs as potential liquidation looms

(Feb 13): EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected of fraud weighs a potential liquidation. The cuts began recently and more reductions are set to follow, people familiar with the matter said, asking not to be identified as the matter is private.…

IBBI strengthens liquidation process with tech-driven reforms

The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant reforms to enhance liquidation outcomes under the Insolvency and Bankruptcy Code (IBC). With more companies being successfully resolved and a decline in liquidations, the regulator is focusing on improving realisation for claimants and streamlining the liquidation process. IBBI Chairman Ravi Mital, in the board’s…

Yowie’s largest shareholder Keybridge Capital enters administration

Yowie Baby Animal collectibles /credit: Yowie World Facebook/ Yowie’s largest shareholder Keybridge Capital appointed administrators on Monday (10 February), days after the Australia-based confectionery business demanded a loan repayment. In a… Read the original article here

US corporate bankruptcies in June reach highest monthly level since early 2020 – S&P Global

US corporate bankruptcies in June reach highest monthly level since early 2020  S&P Global Read the original article here