In a major relief to Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday suspended the National Company Law Tribunal’s (NCLT) order that had admitted the company into the Corporate Insolvency Resolution Process (CIRP). Shares of the Anil Ambani-owned company skyrocketed, trading at Rs 378.35 apiece on the BSE up 10.64 per cent…
In a rare move, the South Australian government has thrown a financial lifeline to dairy farmers left millions of dollars out of pocket by the collapse of a major milk processor. The state is providing a $3 million fund for dairy farmers owed money after the collapse of South Australian processor Beston Global Food, which…
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Philly Shipyard ASA Announces Liquidation Dividend TipRanks Read the original article here
Hungry Wok in Christchurch’s Westfield Mall placed in liquidation The Press Read the original article here
Singapore: Quetzal Offshore Pte Ltd to be wound up voluntarily Manifold Times Read the original article here
The Hong Kong branch of a Singapore-based private club that closed after less than a year in business is undergoing liquidation with about HK$20 million (US$2.5 million) of debts, former employees have said. Financial difficulties forced 1880 Hong Kong, located at Two Taikoo Place in Quarry Bay, to shut its doors on Friday last week,…
The National Company Law Appellate Tribunal (NCLAT) has extended the interim stay on the Corporate Insolvency Resolution Process (CIRP) against The Hi-Tech Gears Ltd, offering temporary relief to the auto components manufacturer in its ongoing legal battle with Happy Forgings Ltd. At a hearing held on May 9, 2025, the Principal Bench of NCLAT, comprising…
IBBI notifies amendments to streamline corporate insolvency process MSN Read the original article here
RSM Australia has announced an expansion of its business restructuring and recovery services as insolvency rates remain higher than usual. Professional services firm RSM Australia has merged with Melbourne-based insolvency practice Brooke Bird. The merger, which took effect on Monday, would see RSM’s Melbourne restructuring and recovery practice double in size. “In the face of…