Cotton On Asia to close

SINGAPORE – Cotton On Asia is set to close, according to a notice published in the Government Gazette on March 30. In the notice, it stated that at a extraordinary general meeting held via a video teleconference call on March 25, liquidators from PwC Singapore were appointed to wind up the business. Checks on the…

Completion of Member’s Voluntary Liquidation of Keppel Telecoms Pte Ltd Announced by Keppel Ltd 1 – Minichart

Keppel Ltd. Completes Voluntary Liquidation of Dormant Subsidiary: What Investors Should Know Key Highlights Keppel Ltd. announced the completion of the member’s voluntary liquidation of its dormant subsidiary, Keppel Telecoms Pte Ltd. The company had previously made an announcement regarding the commencement of this voluntary liquidation on 27 January 2025. The liquidation process has now…

IBC | Operational Creditor Cannot Unilately Adjust Security Deposit Against Pre-CIRP Dues After Moratorium Kicks In: Supreme Court

“A security deposit remains the property of the entity making the deposit until a valid adjustment is made; once the moratorium under Section 14 IBC kicks in, the recovery of pre-CIRP dues must concede to the procedure envisaged in the IBC.” Supreme Court of India. Supreme Court, in a significant ruling, held that an operational…

Lok Sabha Passes Insolvency and Bankruptcy Code (Amendment) Bill, 2025

The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, with 12 amendments. It introduces a creditor-driven insolvency process, stricter timelines, and new provisions for cross-border and group insolvency. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 passed in the Lok Sabha on Monday. Featuring 12 amendments, the revised legislation introduces significant changes…