Nqobile Bhebhe, [email protected] The Corporate Rescue Plan for Inclusive Financial Services (Private) Limited has been formally adopted by creditors, paving the way for the company to continue operating as a going concern under a legally binding restructuring framework. According to a notice issued by Corporate Rescue Practitioner, a Ms R Dube, the rescue plan was adopted…
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J R Dixon Limited, based at Joseph Noble Road, Lillyhall, formally entered a Creditors’ Voluntary Liquidation, with Jessica Leeming and Lila Thomas, of FRP Advisory, appointed as joint liquidators. A statement of affairs filed with Companies House, dated May 21, 2026 shows estimated assets available to preferential creditors of £44,653.64. However, the company’s estimated assets…
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Rating agency ICRA today said there has been a sharp decline in the recovery under the Insolvency and Bankruptcy Code in 2025-26. The agency said recovery dropped by half to 23%, while haircuts have witnessed a sharp rise. “The number of resolution plans (RPs) approved by the National Company Law Tribunal (NCLT) under the Insolvency…
ANI | Updated: May 28, 2026 12:09 IST New Delhi [India], May 28 (ANI): Union Finance Minister Nirmala Sitharaman said the Insolvency and Bankruptcy Code (IBC) has strengthened India’s financial system and helped in the faster revival of distressed businesses as the insolvency law completed 10 years of implementation.In a social media post, the Finance…
REVEALED: Latest business liquidations in Kalamunda Daily Telegraph Sydney Read the original article here
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J R Dixon Limited, based at Joseph Noble Road, Lillyhall, formally entered a Creditors’ Voluntary Liquidation, with Jessica Leeming and Lila Thomas, of FRP Advisory, appointed as joint liquidators. A statement of affairs filed with Companies House, dated May 21, 2026 shows estimated assets available to preferential creditors of £44,653.64. However, the company’s estimated assets…