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Famous British department store plunges into liquidation after 21 years with 33 jobs at risk – The Sun
Famous British department store plunges into liquidation after 21 years with 33 jobs at risk The Sun Read the original article here
CBA holds mortgages over Tzaneros family’s Sydney mansions as creditors circle
The Tzaneros family’s property portfolio in Sydney’s eastern suburbs is mortgaged to Commonwealth Bank via business loans, making the lender a secured creditor as the family fights to save its logistics business from liquidation. Six of the family’s mansions, which stretch from Bellevue Hill to Vaucluse, are tied to two agreements that set out obligations…
High Court limits use of liquidation in shareholder disputes
The High Court has rejected an attempt to liquidate a financially sound company after an estranged couple failed to resolve a dispute over its management and assets. The court dismissed Joan Catherine Wangui’s petition against her partner Robert Gethenji, seeking liquidation of RAK Limited, a company they incorporated in 2012. The judge held that liquidation…
Canna-Global Acquisition Corp. Begins $6.15 Per Share Partial Liquidation
Canna-Global Acquisition Corp. (OTCPK: CNGL) has begun an initial partial liquidating distribution of approximately $6.14892631 per share, starting a process to return cash from its trust account to holders of its publicly issued Class A shares and units. The partial liquidation program began Aug. 17 and is scheduled to remain open until 5 p.m. ET…
EU Bankruptcies Rise as Business Registrations Slip
Second-quarter figures reveal mounting pressure on firms, alongside sharp differences between sectors Business bankruptcy declarations increased across the… Second-quarter figures reveal mounting pressure on firms, alongside sharp differences between sectors Business bankruptcy declarations increased across the European Union in the second quarter of 2026, while registrations of new legal entities edged lower. The figures point…
Indialaw LLP Strengthens Corporate And Insolvency Practice With The Addition Of Senior Partner Satish Anand Sharma
IndiaLaw LLP has announced the appointment of Satish Anand Sharma as a Senior Partner in its Mumbai office, further strengthening the Firm’s Corporate & M&A, Financial Regulatory, Capital Markets and Insolvency & Bankruptcy practices. Satish brings over 25 years of experience advising corporates, banks, financial institutions, investment funds and NBFCs on complex domestic and cross-border…
NCLT pulls up SpiceJet for last-minute settlement in insolvency case; still defers order
Senior Advocate Kevic Setalvad and advocate Pranay Goel, appearing for creditors in connected petitions, strongly opposed any deferment of the remaining orders. Setalvad argued that a bilateral settlement in one case could not stall orders in matters involving other creditors. “I don’t think, with the utmost respect, that this settlement, coming in at the 18th…
8 Insurers Face Liquidation After Failing NAICOM Recapitalisation Rules
The development follows the conclusion of the insurance industry’s recapitalisation exercise, after which NAICOM issued new licences to 43 companies that met the requirements under the Nigerian Insurance Industry Reform Act 2025. Eight other insurers that failed to meet the requirements now face the liquidation process. NAICOM concludes recapitalisation exercise NAICOM introduced new capital requirements…
Snaphunt AI recruitment platform in liquidation after funding delay
SINGAPORE – Singapore-based AI recruitment platform Snaphunt is being wound up after a planned US$2.8 million (S$3.5 million) funding round was said to have been delayed, leaving it without enough cash to continue operating. The company resolved on July 30 to wind up operations. Tan Wei Cheong and Justin Lim from Deloitte Singapore SR&T Restructuring…