The Body Shop has closed for good, leaving 70 without jobs – Stuff
The Body Shop has closed for good, leaving 70 without jobs Stuff Read the original article here
Financial services firm that collapsed owing creditors £37m was led by Cardiff Rugby co-owner Neal Griffith – Wales Online
Financial services firm that collapsed owing creditors £37m was led by Cardiff Rugby co-owner Neal Griffith Wales Online Read the original article here
Jaiprakash Associates Insolvency: Anil Agarwal, Gautam Adani in race for bankrupt JAL's acquisition – LIST of 26 bidders – ET Now
Jaiprakash Associates Insolvency: Anil Agarwal, Gautam Adani in race for bankrupt JAL’s acquisition – LIST of 26 bidders ET Now Read the original article here
Ally Fashion owes $56m across 260 creditors
Recently collapsed fast fashion retailer Ally Fashion owes more than $56 million in liabilities to over 260 creditors. This is according to ASIC filings obtained by Ragtrader, which confirms that the highest-value creditor is DDT Management Pty Ltd – a related party to the Ally Fashion business – which is owed $46.1 million. Other high-value…
Tooley Foster stops trading after 132 years
The studio was one of the oldest architectural practices in the world, having been founded by Herbert Tooley in Buckhurst Hill, Essex, in 1892. It became Tooley & Foster Partnership in 1910, rebranding as Tooley Foster in 2021, when it boasted a workforce of 30 people. But the practice’s main trading arm, Tooley Foster 1982…
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Court rules out prosecution after resolution plan approval | India
In the case of Bhushan Power & Steel Limited (BPSL) v Union of India & Another (2025), Delhi High Court has held that once a resolution plan is approved and a change in management occurs, a corporate debtor cannot be prosecuted for offences committed prior to commencement of the Corporate Insolvency Resolution Process (CIRP). The…
Govt to soon float cabinet note on IBC amendments; bill likely in Monsoon Session
The government is set to float a cabinet note within the next two weeks, outlining key amendments to the Insolvency and Bankruptcy Code (IBC), according to sources in the Ministry of Finance. The bill is expected to be tabled during the upcoming monsoon session of Parliament. One of the major reforms under consideration is likely…
NCLAT dismisses IDBI Bank’s insolvency appeal against ZEEL
The National Company Law Appellate Tribunal (NCLAT) has dismissed IDBI Bank’s plea challenging a National Company Law Tribunal (NCLT) order that rejected the private lender’s request for insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL). NCLAT is the the appellate body for the decisions of bankruptcy court NCLT. The matter relates to an agreement signed on…