Legal Reprieve Lifts Insolvency Cloud Embassy Developments has won a major legal reprieve. The National Company Law Appellate Tribunal (NCLAT) has overturned a previous order that had started insolvency proceedings against the company. This decision ends any insolvency process against the real estate developer, lifting a significant cloud of uncertainty that followed a December 9,…
CHRISTCHURCH – Clearwater Land Holdings Ltd, the entity formerly responsible for the Clearwater golf course in Christchurch, has been placed into liquidation. The move, described as being for “restructuring purposes,” was initiated last Monday by special resolution of its shareholders, Clearwater Property Holdings Ltd and Wildlife Investments Ltd. John Darby, a Queenstown…
The industry has been grappling with shifts in demand, rising costs and the threat of EVs (Image: Getty) A wave of disruption has hit the UK automotive retail sector, with several major dealership groups and independent operators either closing sites or falling into administration. Thousands of jobs are now either confirmed lost or hanging in…
Liquidations in South Africa saw another sharp spike in March, rising 8% month-on-month, following a 40% surge in February. According to the latest liquidation statistics from Stats SA, the country recorded 146 liquidations in March 2026, up from 135 the month before. When added to the 96 recorded in January, the country experienced 377 liquidations…
The Insolvency and Bankruptcy Board of India (IBBI) has announced an extension of the deadline for receiving public comments on nine key discussion papers relating to insolvency and bankruptcy regulations. It is originally set for April 28, 2026; the deadline has now been extended to May 5, 2026, giving stakeholders additional time to provide feedback…
The liquidation phase of the Insolvency and Bankruptcy Code, 2016 (IBC) imposes a structured regime upon secured creditors, requiring them to make timely and transparent elections regarding their security interests. The consequences of procedural non-compliance can be severe, as demonstrated by the National Company Law Tribunal (NCLT), Mumbai Bench, in its judgment dated 13 April…
Based in Des Roches Square in Witney, procurement firm Beacon International Trading Limited appointed liquidators Rob Keyes and David Taylor – both of KRE Corporate Recovery Limited – on Friday, April 24. This followed a decision by shareholders, passed on the same day, to wind up the company which was founded in 2022. On its…
Kitchen appliance supplier and installation specialist Kaboodle has announced its immediate closure. Announcing the firm’s closure on LinkedIn, commercial director David Simpson said: “I’m sad to formally advise that Kaboodle is to be liquidated as a result of cash constraints. My thoughts and appreciation go to all those employees involved in the insolvency – it’s a…
Dubai’s Largest Food Company IFFCO Enters Provisional Liquidation AASTOCKS.com Read the original article here
A UK-based seafood supplier has collapsed into liquidation 30 years after it was founded. Cheek House Ltd was incorporated in February 1996 and has spent the intervening decades selling fish, crustaceans and molluscs to specialist retailers across Europe. The firm, which listed the UK, Spain, France and Switzerland as major trade bases, was registered to…