The Insolvency and Bankruptcy Board of India (IBBI) has invited comments from the public on proposed changes to the corporate insolvency resolution process (CIRP) aimed at improving and ensuring the integrity of amendments. The proposed changes are recording the deliberations of the committee of creditors (CoC) on the elgibility of the resolution applicant, enhancing disclosures…
Data from the Insolvency and Bankruptcy Board of India (IBBI) suggests the average time taken to close a Corporate Insolvency Resolution Process (CIRP) has climbed steadily, from an average of 550 days in 2022 to 724 days in 2025, over double the maximum time prescribed. Image: Shutterstock India’s Insolvency and Bankruptcy Code (IBC) was designed…
Melbourne kitchen maker folds amid $2m debt pile Herald Sun Read the original article here
The National Company Tribunal Chandigarh, bench of Justice Harnam Singh Thakur and Shri Kaushalendra Kumar Singh, have held that a mere bald denial that invoices forming the basis of the claim were not received cannot prevail over specific, dated communications and signed acknowledgements originating from within the operational creditors’ finance department. The operational creditor Pierian…
Wellington event company Hiremaster in liquidation after more than 70 years in business Stuff Read the original article here
Logging company owes $1.5m to IRD, forestry companies – report NZ Herald Read the original article here
“The cause of this liquidation appears to be related to a failure to account for taxation compounded by the regional cyclone experienced in January 2023,” the report says, under the subheading “additional information”. “The liquidator has established contact with the company director, and a statement of affairs has been received. The liquidator is conducting searches…
After many wonderful years of serving the amazing community in Palmerston North, Cafe Cuba has now closed from today the… Posted by Cafe Cuba on Monday 18 August 2025 The cafe is owned by Darlene and Paul Woodhead. Kieran Jones and Steven Khov of Khov Jones Ltd were appointed liquidators of Castro Limited today. Their first…
Pipe Vision liquidators look to auction to dent $29.5m debt BusinessDesk | NZ Read the original article here
Emergency housing moteliers go bankrupt Waikato Times Read the original article here