Financial Creditors’ involvement in project monitoring does not absolve Corporate Debtors from repayment obligations: NCLAT

Liquidation

National Company Law Appellate Tribunal, New Delhi: In an appeal filed by the suspended director of the corporate debtor challenging the Adjudicating Authority’s order dated 08-01-2025 admitting an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), a 3-member bench of Ashok Bhushan, J. (Chairperson), Barun Mitra (Technical Member) and Arun Baroka…

No Cookies | The Advertiser

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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…

IBBI refines assignment module to enhance insolvency process efficiency, ET LegalWorld

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Highlights The Insolvency and Bankruptcy Board of India has refined the Assignment Module to streamline the assignment process for Insolvency Professionals and improve record-keeping. Insolvency Professionals are now required to add assignments to the IBBI electronic portal within three days of their appointment, with specific deadlines set for ongoing and closed cases. The new directions…

Dentons – Doing business in Australia

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Leaving Dentons Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons’ Preferred Law Firm in China, with offices in more than 40 locations throughout China.…

40,000 companies are close to collapse, insolvency experts say — These are the sectors most at risk

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Figures from the Insolvency Service revealed that 25,158 firms across England and Wales went bust last year (Peter Byrne/PA) (PA Wire) More than half a million UK companies are in “significant” financial distress, and more than 40,000 in “critical” distress, according to insolvency experts Begbies Traynor’s latest “red flags” report. The report found that 554,554…

Truck Repair Group enters liquidation

Liquidation

Image: Scott Donkin/stock.adobe.com Late last year, Queensland’s Truck Repair Group officially entered liquidation. The general meeting of company members in December resolved that the company would be liquidated, with Nick Combis appointed as liquidator. MORE OWNERDRIVER TRENDING STORIES: Formerly known as The River Group, Truck Repair Group was sold by former director Russ…