IBC Weekly Round Up [24th February – 2nd March 2025] – Live Law – Indian Legal News
IBC Weekly Round Up [24th February – 2nd March 2025] Live Law – Indian Legal News Read the original article here
Walleys Quarry environmental permits 'no longer exist' after liquidation – Stoke-on-Trent Live
Walleys Quarry environmental permits ‘no longer exist’ after liquidation Stoke-on-Trent Live Read the original article here
FCA bans broker for fraud that led to client entering liquidation
The FCA has banned David Robert Cooke from carrying out any regulated activity after receiving a police caution for insurance fraud that led to the collapse of a client. Cooke, who had been a director at Weston-super-Mare-based broker Professional Construction Risks, setup a public liability policy for a client on 19 October 2019, knowing that…
IBBI reports decrease in liquidations and increase in resolutions under Insolvency and Bankruptcy Code, ET LegalWorld
In the quarterly newsletter report, the Insolvency Bankruptcy Board of India (IBBI) has observed a consistent upward trend in resolutions and a significant downward shift in the number of liquidations, starting from 2020-21. “Over the years, more and more companies are being resolved under IBC and the number of liquidations is going down,” the report…
REMEX Liquidation Expands Overstock & Returns Liquidation Solutions for eCommerce Sellers – The Malaysian Reserve
REMEX Liquidation Expands Overstock & Returns Liquidation Solutions for eCommerce Sellers The Malaysian Reserve Read the original article here
White & Case hires former A&O corporate chief as Latham raids Weil for elite insolvency team
Leading the high-profile moves this week, White & Case has hired Richard Browne as a partner into its global M&A practice. Recognised as a Legal 500 leading individual for corporate governance, Browne joins from A&O Shearman. Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Read the original…
Operational Creditors Cannot Question Approval Of Resolution Plan That Provides Them With More Than Liquidation Value: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) that Resolution Plan approved by the Adjudicating Authority cannot be questioned by the Operational Creditors when they were provided more than the liquidation value under the Plan as…
Major Australian fashion retailer shuts 51 stores down immediately after it was ordered into liquidation
By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 16:16 AEDT, 6 March 2025 | Updated: 16:19 AEDT, 6 March 2025 An Australian fashion chain has been forced to close 51 stores after it was forced into liquidation by the Federal Court. Ally Fashion was also forced to axe 250 staff members after the company collapsed. …
Another reprieve for Brindabella, administration welcomed as a way out of the mess
Regulators and the Deloitte administrators face some big questions about Brindabella Christian College. Photo: Region. ACT Education Minister Yvette Berry had already decided to grant Brindabella Christian College an extra two weeks to respond to a show cause notice before the embattled school went into voluntary administration on Wednesday (5 March). Ms Berry said today…
Brindabella Christian College in administration
Brindabella Christian College went into voluntary administration this week due to alleged financial problems, and after the federal and ACT governments, unions and the tax office started court and disciplinary proceedings. Deloitte Turnaround and Restructuring partners Sal Algeri and Sam Marsden were appointed administrators on Wednesday. They say they want to stabilise the school’s financial…