REVEALED: Latest business liquidations in Brewarrina – Daily Telegraph Sydney
REVEALED: Latest business liquidations in Brewarrina Daily Telegraph Sydney Read the original article here
Insolvency levels stabilise as businesses hope for World Cup bounce, R3 says – Yorkshire Evening Post
Insolvency levels stabilise as businesses hope for World Cup bounce, R3 says Yorkshire Evening Post Read the original article here
IBC Amendment Makes Insolvency Admission Mandatory Once Default Is Proven
New Delhi, Jun 29 (KNN) The government has amended the Insolvency and Bankruptcy Code (IBC) to make it mandatory for the National Company Law Tribunal (NCLT) to admit insolvency applications filed by financial creditors once a payment default is established, a move aimed at reducing delays in corporate insolvency proceedings. Amendment Makes Admission of Insolvency…
Pending NCLAT Appeal No Bar to PNB’s Swiss Challenge Auction of Stressed Assets: Madras HC [Read Order]
The Madras High Court has held that a pending appeal before the National Company Law Appellate Tribunal (NCLAT) does not restrain a bank from proceeding with the Swiss Challenge auction of stressed assets. Aban Offshore Limited, a listed public company engaged in offshore drilling operations, had availed multiple credit facilities from PNB. Following persistent defaults, the account…
Insolvency Service is making ‘meaningful improvements’ to the system
The Insolvency Service has published its latest ‘Confidence in the Regime’ report, which looks at how stakeholders across the insolvency community have received the actions and policies of the Insolvency Service. The latest report was commissioned to gauge the success of the organisation’s five-year strategy, now in its final year. The research sought the views…
No Cookies | Townsville Bulletin
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…
Call for inquiry into firm's £14m taxpayer-funded liquidation rejected – Isle of Man Today
Call for inquiry into firm’s £14m taxpayer-funded liquidation rejected Isle of Man Today Read the original article here
Irish business insolvencies remain stable despite retail pressures
Irish corporate insolvencies remained broadly unchanged during the first half of 2026, with businesses continuing to show resilience despite persistent economic challenges, according to the latest Insolvency Barometer from PwC Ireland. The report found that 444 corporate insolvencies were recorded in the first six months of the year, only marginally higher than the 436 recorded…
Avoidance Relief u/s 43 Unsustainable without Proof that Corporate Debtor Granted Preference: NCLT Rejects ₹26.79 Crore Claim against Sintex Industries [Read Order]
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has dismissed an avoidance application seeking reversal of an alleged preferential transaction worth ₹26.79 crore, holding that relief under Section 43 of the Insolvency and Bankruptcy Code (IBC) cannot be granted unless it is established that the Corporate Debtor itself granted the alleged preference. The…
Bernard Whimp fails to turn up at Chance Voight liquidation hearing
An interim liquidators’ report found its investors faced a “substantial shortfall” and had a negative net asset position of nearly $12 million. On Monday, the High Court at Christchurch heard that the Chance Voight group was allegedly using new investor money for expenses. “Records reviewed indicate that interest, and in some cases redemption payments to…