IBBI Tightens Insolvency Disclosure Norms in Fifth Amendment Regulations, 2025

Liquidation

The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025, bringing significant changes aimed at enhancing transparency and accountability in the corporate insolvency resolution process (CIRP). The amendment mandates stricter disclosure of “avoidance transactions” and bars their post-facto…

University of Auckland’s campus bookstore UBIQ to close after going into liquidation

Liquidation

In their first liquidator’s report, Mason-Thomas and Meltzer said directors had taken multiple reviews and restructures of the company’s business. “However, since 2020 and Covid, the declining student population and adverse economic climate have contributed to difficult trading conditions. “After careful consideration and taking professional advice, the directors have recommended to the shareholders that the…

Kate Moss’s Cosmoss Brand Enters Liquidation

Liquidation

The Wellness Venture Winds Down After Three Years Kate Moss’s foray into the beauty and wellness industry with her brand Cosmoss has quietly concluded, with the company entering voluntary liquidation proceedings. Just under three years after its launch, documents filed on June 24, 202, confirm the wind-up of the skincare and wellness-focused line, which reportedly…

No Cookies | The Courier Mail

Liquidation

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…

XL Express enters administration | Books+Publishing

Liquidation

Thursday, 3 July 2025    Books+Publishing @booksandpublishing XL Express has gone into voluntary administration after 35 years in business, according to transport industry publication Big Rigs. The company operated one of Australia’s largest independent logistics networks. XL Express provides road express services, including third-party logistics for some distributors servicing the book industry. Big Rigs reported that…

NCLAT Declares Transactions Fraudulent U/S 66 Of IBC Due To Corporate Debtor’s Failure To Diligently Negotiate One-Sided Clause In MOU

Liquidation

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Rakesh Kumar Jain (Judicial Member), Justice Mohammad Faiz Alam Khan and Mr. Naresh Salecha (Technical Member) has held that a complete surrender on the part of the corporate debtor to negotiate the terms of the Memorandum of Understanding, by which the property from…