Share of US corporate bankruptcies seeking liquidation on track for 15-year low – S&P Global
Share of US corporate bankruptcies seeking liquidation on track for 15-year low S&P Global Read the original article here
Business insolvencies fall by 10%
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,747 in October 2024, 10% lower than in September 2024 (1,950) and 24% lower than the same month in the previous year. The business insolvencies figures consisted of 188 compulsory liquidations, 1,445 creditors’ voluntary liquidations (CVLs), 100…
NCLAT sets aside Jaiprakash Associates’ plea against insolvency proceedings
The National Company Law Appellate Tribunal (NCLAT) on Friday rejected Jaiprakash Associates Ltd’s petition challenging the insolvency proceedings initiated against the company. A three-member bench led by Chairperson Justice Ashok Bhushan has upheld the orders passed by the National Company Law Tribunal (NCLT), which had directed to initiate Corporate Insolvency Resolution Process (CIRP) against…
Billson’s Brewery survives liquidation after creditors throw the drinks brand a lifeline
Nathan and Felicity Cowan announced on social media that Billson’s would continue. Photo: Facebook. Beechworth’s iconic drinks brand Billson’s Beverages Pty Ltd looks set to avoid liquidation after creditors voted to keep the battling brewery alive. “After an uncertain year, we are thrilled to share that we have made significant progress in securing the future…
Junkyard Artist Management enters liquidation, leaving comedians out of pocket
“I am not going to be too hard on my former management,” he wrote on Instagram. “They spread themselves too thin trying to support their people, and stuffed up the numbers.” Not all of Ivanoff’s clients were so forgiving. Greg Larsen signed on with the company just a month ago: “Since Junkyard went insolvent, a…
Bust North Geelong firm had just $6 in bank account – Geelong Advertiser
Bust North Geelong firm had just $6 in bank account Geelong Advertiser Read the original article here
Wellington food company in liquidation after 32 years – The Press
Wellington food company in liquidation after 32 years The Press Read the original article here
Popular liquidation company opens storefront in Las Vegas – MSN
Popular liquidation company opens storefront in Las Vegas MSN Read the original article here
‘Very disappointing’: Unpaid work sends 40-year-old company to the wall – The Press
‘Very disappointing’: Unpaid work sends 40-year-old company to the wall The Press Read the original article here
Jaiprakash Associates Loan Outstanding at Rs 55,526 cr
Jaiprakash Associates, facing insolvency proceedings, has an outstanding loan of Rs 55,526 crore as on November 10, 2024. The company is under the Insolvency and Bankruptcy Code (IBC). New Delhi, Dec 5 (PTI) Crisis-hit Jaypee Group’s flagship firm Jaiprakash Associates, which is facing insolvency proceedings, has a total outstanding loan of Rs 55,525.89 crore as…