IBBI Tightens Insolvency Rules To Curb Asset Misuse – BW Businessworld
IBBI Tightens Insolvency Rules To Curb Asset Misuse BW Businessworld Read the original article here
NCLT orders insolvency process against Gstaad Hotels over Rs 666 crore default
The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the initiation of a corporate insolvency resolution process (CIRP) against Gstaad Hotels Pvt Ltd following a petition by its financial creditor, Omkara Asset Reconstruction Pvt Ltd, owing to a default of Rs 665.74 crore. The debt, originally extended by Piramal Capital and Housing…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
‘Bhushan Steel’ Judgement: Commercial wisdom sidelined in favour of narrow procedural view
On 2 May 2025, the Supreme Court delivered a far-reaching Judgement in the matter of Kalyani Transco v Bhushan Power and Steel Ltd. The Court was hearing appeals by a bunch of operational creditors who had challenged the Corporate Insolvency and Resolution Process (CIRP) of Bhushan Power and Steel Limited (BPSL). In 2019, the National…
First Guardian investors warned their superannuation may never be recovered
Six thousand Australians who invested hundreds of millions of dollars of their super funds with First Guardian, which collapsed earlier this year, have been told by the fund’s liquidator the case will take at least a year to resolve and there may be insufficient funds to pay them back. Liquidators from FTI Consulting, Ross Blakeley…
Tile supplier’s assets to be sold after its collapse into liquidation – Insider Media Ltd
Tile supplier’s assets to be sold after its collapse into liquidation Insider Media Ltd Read the original article here
Report directors’ loan accounts — insolvency practitioner bulletin 5 (2024)
Background On 22 September 2022, HMRC initiated a new voluntary process for insolvency practitioners to help HMRC to manage the tax impacts of directors’ loan accounts. The process was published by the insolvency regulators and is also set out at Dear IP chapter 8.46 found on the R3 website. Under the process, insolvency practitioners were…
Owners of collapsed Research First company back in business – The Press
Owners of collapsed Research First company back in business The Press Read the original article here
Holly Willoughby's firm given new chance to avoid liquidation over £377K bill – The Sun
Holly Willoughby’s firm given new chance to avoid liquidation over £377K bill The Sun Read the original article here
Request Blocked
An error has occurred Your request was blocked by Link11 Web Application Security.If you believe this is the result of an error, contact the administrator of www.tipranks.com. ID: 54be9a032528d69b486ff499c16f75f8, IP Address: 110.232.115.214, Status Code: 471Timestamp: 2025-07-09T21:03:20.846863454+00:00 Read the original article here