The Madras High Court bench comprising Justice S.S. Sundar and Justice P. Dhanabal has held that the proviso to Section 10-A of the Insolvency and Bankruptcy Code (IBC) does not extend to cases where the default continues beyond the moratorium period. The court noted that Section 10-A only imposes a moratorium temporarily suspending the initiation…
A longstanding WA agricultural lobby group has entered voluntary administration a week after revealing “serious financial misconduct” had been detected within the organisation. The Pastoralists and Graziers Association appointed RSM Australia Partners Jerome Mohen and Greg Dudley as voluntary administrators at a board meeting on Thursday afternoon. Mr Mohen said the lobby group made the…
Access Denied You don’t have permission to access “http://www.spglobal.com/market-intelligence/en/news-insights/articles/2024/4/us-corporate-bankruptcies-pick-up-pace-in-march-59-new-filings-81085453” on this server. Reference #18.c9b42e17.1738323909.1c54d861 https://errors.edgesuite.net/18.c9b42e17.1738323909.1c54d861 Read the original article here
The report urges the introduction of insolvency and bankruptcy reform to improve operational efficiencies to speed up the resolution process The Economic Survey 2024-25 was tabled in the Parliament today (January 31, 2025) after President Droupadi Murmu’s address commencing the Budget Session. The report urges the introduction of insolvency and bankruptcy reform to improve operational…
Go First acquisition: NCLAT asks Busy Bee Airways to negotiate deal with lenders Mint Read the original article here
A LARGE industrial site previously owned by a long-running coach-building business near Colchester has hit the market for £8.5million. Centre Park, a warehouse site, in Main Road, Frating, has been listed on Rightmove for £8,500,000 by property firm Fenn Wright. The site is roughly the size of three football pitches, with almost 56,000 sq ft of…
Mumbai: A diverse group of companies including Adani Ports and Special Economic Zone, JSW Infrastructure, Horizon Industrial Parks and Transindia Real Estate Ltd have shown interest in acquiring listed supply chain and logistics infrastructure firm Arshiya Ltd, which is undergoing a corporate insolvency resolution process.Investors such as Authum Investment & Infrastructure Ltd, Dickey Alternative Investment…
RBI Initiates Insolvency Proceedings Against Aviom India Housing Finance BW Businessworld Read the original article here
Liberated Brands began liquidation sales at its U.S.-based retail fleet Thursday, including many Volcom, Quiksilver, Billabong, Honolua and RVCA stores. The company is working with retail liquidation experts Gordon Brothers on the process, SESO has learned. Liberated operates about 100 stores in the region after adding former Boardriders-owned stores to its existing Volcom store fleet.…
KAIJU! Beer have emerged from voluntary administration after creditors unanimously approved a Deed of Company Arrangement put forward by the founders. It means Callum and Nat Reeves will keep control of the brewery they launched with their family, with Callum saying in a media statement that they were excited about the opportunities ahead for the indie brewery. …