Category Archives: Liquidation

IBC Amendment 2026: A decisive shift beyond procedural changes

Insolvency and Bankruptcy Code (Amendment) Act, 2026 (“IBC Amendment 2026”) marks the 7th amendment to the Code since inception and first one since 2021. The much-awaited amendment received the assent of the Hon’ble President of India on April 6, 2026, and provisions are to be made effective soon. The passage of the IBC Amendment 2026 marks a decisive moment in the evolution of India’s insolvency framework. It is not just another procedural…

Confident that Adani Group will carry forward Jaypee legacy, Founder Jaiprakash Gaur after insolvency resolution

ANI | Updated: Apr 10, 2026 16:01 IST New Delhi [India], April 10 (ANI): Jaypee Group Founder Chairman Jaiprakash Gaur on Friday expressed confidence that the legacy of Jaiprakash Associates Ltd will be carried forward under the leadership of Gautam Adani after the company’s resolution process.In an official statement, Gaur said, “I have every confidence…

Jaiprakash Gaur Backs Adani Group’s Selection as Successful Bidder for Jaiprakash Associates Assets – Oneindia

Jaiprakash Gaur Backs Adani Group’s Selection as Successful Bidder for Jaiprakash Associates Assets  Oneindia Read the original article here

British parcel firm shuts for good as it crashes into liquidation after 24 years – The Sun

British parcel firm shuts for good as it crashes into liquidation after 24 years  The Sun Read the original article here

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Scott Leathers liquidation ends 40-year UK biking brand

Previous Slide Next Slide Joey Dunlop cornering at the Isle of Man TT Joey Dunlop cornering at the Isle of Man TT wearing Scott Leathers 1 of 2 County Durham custom leathers specialist Scott Leathers has gone into liquidation.  The long-standing British brand officially wound up on March 26, bringing to an end a business that supplied…

Oxfordshire firm closing after 19 years trading amid liquidation – This Is Oxfordshire

Oxfordshire firm closing after 19 years trading amid liquidation  This Is Oxfordshire Read the original article here

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Jaiprakash Gaur backs Adani takeover of JAL, expresses confidence in leadership

Jaiprakash Associates Ltd (JAL) founder Jaiprakash Gaur has expressed confidence in the Adani Group taking over the debt-laden company, following its selection as the successful resolution applicant under the insolvency process. In a public statement, Gaur acknowledged the challenges faced by the company and its stakeholders during the Corporate Insolvency Resolution Process (CIRP). “The recent…

Hythe Ferry Company Enters Voluntary Liquidation After Failed Rescue Efforts

The Hythe and Southampton Ferry Company has entered creditors’ voluntary liquidation after efforts to secure a long-term future for the historic service proved unsuccessful. The ferry, owned by Red Funnel, has been out of operation for the past 18 months while attempts were made to find a sustainable solution to bring it back into service.…