Madhya Pradesh High Court Bars Post-Resolution Proceedings Against Corporate Debtor’s “New Avatar”

The Madhya Pradesh High Court on 27 May held that once a resolution plan is approved under the Insolvency and Bankruptcy Code, 2016, the corporate debtor in its “new avatar” cannot face pre-resolution claims or proceedings that stand extinguished under the approved plan. Justice Jai Kumar Pillai reiterated that the insolvency framework ensures a “clean…

Inner city Invercargill restaurant placed into liquidation

The EUNA restaurant in Don St, Invercargill has been placed in liquidation. An inner-city Invercargill restaurant has gone into liquidation in another sign of the immense pressure on hospitality businesses throughout New Zealand. EUNA Limited, which operates on Don St in Invercargill, was placed into liquidation on Tuesday last week, with Emma Laing appointed as…

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