A decade strong: Apptrade marks 10 years of providing liquidation services, auctioneering, and surplus trading BusinessWorld Online Read the original article here
The Australian Securities and Investments Commission (ASIC) said creditors have resolved to wind-up UGC and David Stimpson of SV Partners has been appointed as a liquidator. UGC withdrew its application regarding the cancellation of its Australian financial services licence, which was cancelled on 31 July, and the Administrative Appeals Tribunal (AAT) dismissed that application. An…
Though the paper talks about insolvency resolution for interconnected entities, it doesn’t provide for consolidation of assets and resolution as a whole, which is the essence of a group insolvency process. Srivastava said that it is pertinent that any amendments for introduction of group insolvency must include consolidation of assets and combination of creditors’ committees…
The Delhi High Court has ruled that a Corporate Debtor that has undergone a successful resolution process under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC), cannot be prosecuted for offences committed prior to the commencement of the Corporate Insolvency Resolution Process (CIRP). The Single Bench of Justice Manmeet Pritam Singh Arora made…
Taranaki companies not expected to see money owed to them by Le Dejeuner The Post Read the original article here
Abbey Marketing Communications and connected company Spirit DM have gone into liquidation. Notices published today (7 February) on The Gazette said liquidators were appointed at Abbey Marketing Communications Limited and Spirit D M Limited on 30 January. Nedim Ailyan and Ben Stanyon, both of FRP Advisory Trading in Orpington are listed as the joint liquidators…
February 7, 2025 The Insolvency and Bankruptcy Board of India (IBBI) has proposed a new framework aimed at enhancing the efficiency of the Corporate Insolvency Resolution Process (CIRP). This initiative addresses the challenges faced by interconnected corporate entities undergoing insolvency. The discussion paper released by IBBI marks various inefficiencies and conflicts that arise when multiple…
Abbey Marketing Communications and connected company Spirit DM have gone into liquidation. Notices published today (7 February) on The Gazette said liquidators were appointed at Abbey Marketing Communications Limited and Spirit D M Limited on 30 January. Nedim Ailyan and Ben Stanyon, both of FRP Advisory Trading in Orpington are listed as the joint liquidators…
Lai Sun Garment Initiates Liquidation of Subsidiary Amidst Strategic Restructuring TipRanks Read the original article here
Addleshaw Goddard has recruited insolvency litigation specialist Sophia Harrison as a partner in restructuring, focusing on its insolvency dispute resolution (IDR) practice. Ms Harrison is dual-qualified in England & Wales as a barrister and in Scotland as a solicitor. She has a UK-wide practice focusing on corporate insolvency litigation, asset recovery and contentious corporate restructurings,…