AI generated representative image Ten years ago, India’s insolvency landscape was defined by stalled projects, endless litigation, weak recoveries and mounting bad loans. Companies remained trapped in legal limbo for years, banks struggled to recover dues, and distressed assets steadily lost value as cases moved through multiple forums.The Insolvency and Bankruptcy Code (IBC), enacted in…
China just dropped the hammer on overseas brokers doing business on the mainland without a license. The China Securities Regulatory Commission, working alongside seven other government agencies, announced a coordinated crackdown on illegal cross-border securities trading on May 22. The trigger: an estimated $1 trillion in unauthorized capital left China in 2025. That’s the largest…
The Insolvency and Bankruptcy Board of India (IBBI) has notified significant amendments to the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors Regulations, 2019, aimed at enhancing transparency and coordination in insolvency proceedings. Under the Insolvency and Bankruptcy Board of India (Amendment) Regulations, 2026, personal guarantors initiating insolvency must now file a comprehensive statement…
Suspicious financial flows emerge in transport firm bankruptcy The Brussels Times Read the original article here
Gossard Limited appointed administrators on May 14, 2026, and has officially ceased trading. Founded in 1901, the company introduced the Wonderbra to the UK in the 1960s and became synonymous with innovative lingerie throughout the decades. The Wonderbra gained iconic status in the 1990s, but Gossard was equally known for its wider range of underwear…
REVEALED: Latest business liquidations in Wanneroo Daily Telegraph Sydney Read the original article here
Cerebra Integrated Technologies approves CIRP initiation at EGM scanx.trade Read the original article here
1. Main messages for England and Wales Between 1 July and 30 September 2023 (Q3 2023), there were 6,208 (seasonally adjusted) registered company insolvencies, as shown in Figure 1, comprising 4,965 creditors’ voluntary liquidations (CVLs), 735 compulsory liquidations, 466 administrations, 41 company voluntary arrangements (CVAs) and one receivership appointment. After seasonal adjustment, the number of…
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Lingerie brand that introduced Wonderbra to the UK liquidated Chester Standard Read the original article here