The Insolvency and Bankruptcy Board of India (IBBI) has announced an extension of the deadline for receiving public comments on nine key discussion papers relating to insolvency and bankruptcy regulations. It is originally set for April 28, 2026; the deadline has now been extended to May 5, 2026, giving stakeholders additional time to provide feedback…
The liquidation phase of the Insolvency and Bankruptcy Code, 2016 (IBC) imposes a structured regime upon secured creditors, requiring them to make timely and transparent elections regarding their security interests. The consequences of procedural non-compliance can be severe, as demonstrated by the National Company Law Tribunal (NCLT), Mumbai Bench, in its judgment dated 13 April…
Based in Des Roches Square in Witney, procurement firm Beacon International Trading Limited appointed liquidators Rob Keyes and David Taylor – both of KRE Corporate Recovery Limited – on Friday, April 24. This followed a decision by shareholders, passed on the same day, to wind up the company which was founded in 2022. On its…
Kitchen appliance supplier and installation specialist Kaboodle has announced its immediate closure. Announcing the firm’s closure on LinkedIn, commercial director David Simpson said: “I’m sad to formally advise that Kaboodle is to be liquidated as a result of cash constraints. My thoughts and appreciation go to all those employees involved in the insolvency – it’s a…
Dubai’s Largest Food Company IFFCO Enters Provisional Liquidation AASTOCKS.com Read the original article here
A UK-based seafood supplier has collapsed into liquidation 30 years after it was founded. Cheek House Ltd was incorporated in February 1996 and has spent the intervening decades selling fish, crustaceans and molluscs to specialist retailers across Europe. The firm, which listed the UK, Spain, France and Switzerland as major trade bases, was registered to…
Arctic Canadian Diamond Company Seeks CCAA Insolvency Protection in 2026 discoveryalert.com.au Read the original article here
REVEALED: Latest business liquidations in Darebin Herald Sun Read the original article here
The National Company Law Tribunal has admitted insolvency proceedings against Millenium Starch India Private Limited on a petition filed by Axis Bank Limited holding that technical objections cannot defeat a Corporate Insolvency Resolution Process (CIRP) once the existence of financial debt and default is established. The facts stated that Axis Bank had approved loan facilities…
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…