International Business Settlement Holdings Announces HK$14 Million Settlement in Subsidiary Liquidation Claim – Voluntary Disclosure Minichart Read the original article here
The firm’s website states the family had more than 70 years of experience making sofas by hand in Derbyshire before starting Habbio in 2020 to make the “UK’s most sustainable sofa”. The company said it was “committed to protecting the British manufacturing industry for the people and communities that rely on it”. Registered at the…
FTX Digital Markets – global collaboration at its best The downfall of FTX marked one of the most intricate cross-border insolvencies in recent memory. As the third largest cryptocurrency exchange globally, FTX’s liquidation in the Bahamas involved over 45,000 creditors, with claims exceeding $1 billion being settled with interest in less than three years. This…
The National Company Law Tribunal (NCLT) Mumbai Bench has held that the presence of an arbitration clause does not preclude insolvency proceedings once debt and default are established. Also found that the corporate debtor had defaulted on repayment of an inter‑corporate deposit of ₹2.9 crore and admitted a section 7 insolvency plea. The application, filed on 14 November 2025, sought…
Galada Power & Telecommunication Ltd announced its full-year results for FY26, posting a net profit of ₹12.16 Crores. This annual figure contrasts with a net loss of ₹0.16 Crores recorded in the fourth quarter of FY26, on total revenue of ₹0.05 Crores. The quarterly loss compares to a profit of ₹0.34 Crores in the same…
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Story audio is generated using AI South Africa needs to re-examine its understanding of restructuring to shift the focus of business rescue efforts there as the default intervention for strained organisations, rather than on liquidation. While the US reported 655 mega-insolvencies by October 2025, the highest level in 15 years, one of South Africa’s greatest…
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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…