The joint parliamentary committee on corporations and financial services recently handed down its report following an inquiry into corporate insolvency, which comes after campaigning from the Australian Restructuring, Insolvency and Turnaround Association (ARITA) for a review of insolvency law across the country. The resulting report required an “inquiry into the effectiveness of Australia’s corporate insolvency…
JAL was part of the Reserve Bank of India’s list of 26 big loan defaulters to commercial banks for initiating bankruptcy proceedings in August 2017. 3 min read Last Updated : Jun 03 2024 | 7:15 PM IST The National Company Law Tribunal (NCLT) on Monday directed to initiate insolvency proceedings against debt-ridden Jaiprakash…
US corporate bankruptcy filings reached a new high in March as companies continue to battle high interest rates and lingering operational challenges. S&P Global Market Intelligence recorded 59 new bankruptcy filings in March, up from a revised total of 48 in February. While year-to-date corporate bankruptcies are below the previous year’s total by the end…
U.S. corporate bankruptcies show little sign of slowing: S&P Investment Executive Read the original article here
Alton worked in corporate insolvency in Australia for seven years prior to moving to Singapore in 2014, where he worked on several of Singapore’s high-profile corporate insolvency and restructuring engagements. Notable assignments Alton has worked on include the receivership of Singapore Flyer Pte Ltd, liquidation of the California Fitness Clubs in Singapore, and restructuring of…
Allowing the plea of Mitsubishi Heavy Industries, the Insolvency Appellate Tribunal NCLAT has set aside the order passed by NCLT, which had restrained the Japanese multinational engineering from encashing the Performance Bank Guarantee submitted by its contractor Punj Lloyd. NCLAT said NCLT “committed an error” by allowing a plea filed by the RP of Punj…
Clients, contractors count costs as home builder enters liquidation The Mercury Read the original article here
National touring body Critical Stages Touring announced late Friday that its Board had made ‘the difficult decision to place the company into liquidation’. The news was announced on social media at 3pm AEST. Critical Stages staff, including CEO Robbi James, Programming Producer Scarlet McGlynn, and Senior Producer Melanie Carolan, are no longer employed by the…
Four construction companies in liquidation as creditors circle Gold Coast Bulletin Read the original article here
Giant shipping company liquidates after bankruptcy sale fails TheStreet Read the original article here