SINGAPORE: Cotton On Asia, the regional arm of Australian fashion retail giant Cotton On Group, has been placed under members’ voluntary liquidation, according to a notice published in the Government Gazette on Monday (Mar 30). This followed an extraordinary general meeting via a video teleconference call on Mar 25. In a separate notice, creditors of…
Lok Sabha clears Insolvency Reform Bill to accelerate resolutions, boost investor confidence The Statesman Read the original article here
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…
Finance Minister Nirmala Sitharaman speaking in Lok Sabha during the Budget Session of Parliament, in New Delhi on Monday. | Photo Credit: ANI Finance Minister Nirmala Sitharaman on Monday (March 30, 2026) defended the Insolvency and Bankruptcy Code (IBC) in Parliament, citing the high level of realisations from the distressed assets, recovery for creditors, and…
A winding up of Interserve has taken a giant step forward following the resolution of a tax wrangle with Qatari authorities. Liquidators for Interserve plc, which collapsed in 2019, have now received the greenlight from Qatari officials to sell its shares in Al Binaa Contracting Company. Authorisation for their sale had eluded liquidators at EY…
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…
Lion Homes, which was Norwich City Council’s social and affordable housing arm, has appointed liquidators after City Hall agreed to close and liquidate the company last year. Accounts show the firm made £5 million in losses in five years, while homes in one development it built were sold for less than what they cost to…
Related-party creditors of insolvent firms should be asked to show that the credit extended was not actually equity in disguise – M. S. SAHOO & DHANYA JHA Should insiders that lend to their own companies stand in the same queue as arm’s-length creditors in insolvency? The answer, at least in liquidation, is largely ‘yes’ under the…
Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aiming to cut delays and strengthen creditor rights The Statesman Read the original article here
“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…