A major food company in Dubai is set to be placed into provisional liquidation, according to reports. IFFCO Group is said to have debts of nearly £1.5 billion and made little progress in restructuring talks amid disputes among key shareholders and the Iran war. The conflict, which began in late February, and the continued disruption…
A UK agricultural company has plunged into liquidation after only being in business for four years. Founded in 2022, it is the end of the road for the company after shareholders decided to wind up the business. Beacon International Trading Limited, which is based in Des Roches Square in Witney, Oxfordshire, entered administration on April…
Dubai’s Largest Food Company IFFCO Enters Provisional Liquidation AASTOCKS.com Read the original article here
New Delhi The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by Vedanta in connection with the ongoing insolvency proceedings of Jaiprakash Associates Limited (JAL), bringing closure to a prolonged legal contest over the resolution process. While pronouncing its judgment, the appellate tribunal observed that it did not find…
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…