Court says new financing during a 14-day appeal window could revive rehabilitation talks A Homeplus store in Seoul (Im Se-jun/The Korea Herald) The Seoul Bankruptcy Court terminated Homeplus’s rehabilitation proceedings Friday, pushing the retailer closer to liquidation and leaving it a narrow 14-day window to secure fresh funding and appeal the ruling. The court found…
South Australian renewable energy company Zen Energy has sold its infrastructure assets and appointed administrators, with employees being informed around midday today. The company was a major supplier of renewable energy across the state, with solar farms in Tailem Bend and Renmark and the Waterloo wind farm in the Mid North. McGrathNicol Restructuring partners Rob…
The National Company Law Tribunal, Principal Bench (New Delhi), has admitted a Section 7 petition filed by the petitioner against the corporate debtor, holding that the pendency of winding‑up proceedings transferred from the Delhi High Court poses no bar to the initiation of the Corporate Insolvency Resolution Process (CIRP). The Super Property Maintenance, corporate debtor, engaged in real‑estate and property‑maintenance services, had availed multiple credit…
The liquidators’ report shows “there will be insufficient funds to enable a distribution” to a secured creditor, Close Brothers Limited, of St Giles Shopping Centre Holdings Limited. The sudden closure of the company that operated the St Giles Centre in Elgin, which opened in 1992 with 28 outlets, is outlined by James Dewar and Alistair…
Introduction When Parliament enacted the Insolvency and Bankruptcy Code, 2016 (IBC), it set out to do something India’s fractured insolvency landscape had never managed before create a single, time-bound, predictable mechanism for resolving corporate stress. Before the IBC, a creditor seeking recovery from a defaulting company had to navigate a maze of…
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REVEALED: Latest business liquidations in Kalamunda The Daily Telegraph Read the original article here
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REVEALED: Latest business liquidations in Stirling The Daily Telegraph Read the original article here
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…