Pioneer Channel Factory, a Mumbai-based company, has filed for the initiation of its Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016. The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted the petition and ordered the commencement of the CIRP. Background of the case Pioneer Channel Factory…
The NCLAT upheld the decision of the Adjudicating Authority stating that the appellants had failed to exercise due diligence on protecting their rights with the prescribed timelines. The National Company Law Appellate Tribunal, Principal Bench, New Delhi dismissed the appeals filed under Section 61 of Insolvency and Bankruptcy Code 2016 due to failure of appellant…
Fashion chain on brink of collapse as UK stores set to close this weekend – full list The Star Read the original article here
Fashion chain on brink of collapse as UK stores set to close this weekend – full list Lancashire Evening Post Read the original article here
The Federal Court of Australia has forced Australian retailer Ally Fashion into liquidation following an application by a landlord for rent arrears. The court appointed Jeff Marsden and Duncan Clubb of BDO Australia on February 28, 2025. Ally Fashion is an Australian-owned female fast fashion retailer that was founded in 2001, with 160 stores across…
Eight years of IBC: Triumphs, trials and the road ahead Bar & Bench – Indian Legal News Read the original article here
Interra Acquisition Corp. Announces Final Redemption and Voluntary Liquidation TipRanks Read the original article here
Business insolvency numbers (liquidations and receiverships) in Scotland for Q3 2024-2025 decreased by 2.4% compared with Q3 2023-2024, to a total of 285 according to latest Accountant in Bankruptcy data. Business insolvencies (liquidations and receiverships) decreased by 8.9% when compared with the previous quarter’s total of 313 (July-September 2024). Commenting on the Scottish insolvency statistics,…
Liquidators are set to be called in to wind up the firm behind the now-closed St Giles Centre in Elgin. Official records confirm that the St Giles Shopping Centre Limited’s sole director, 82-year-old Aviemore businessman David Cameron, applied to have the company wound up on February 28. Liquidators have been called in to the St…
Tonight, Compass Group New Zealand confirmed it had agreed to acquire the relevant assets of Libelle Group following its liquidation. This arrangement remains subject to regulatory and customary approvals. A statement from Compass Group said: “This acquisition provides confidence and continuity of the Ka Ora, Ka Ako Healthy School Lunches programme, ensuring meal delivery to…