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The Bombay High Court has set aside an Insolvency and Bankruptcy Board of India (IBBI) disciplinary order suspending an insolvency professional for three months, holding that the show cause notice was based on matters extraneous to the investigation and that relevant material was ignored while imposing the penalty. The Bench of Justice Manish Pitale and…
Abstract The Companies and Allied Matters Act 2020 (CAMA 2020) introduced a significant change in Nigerian corporate insolvency law by incorporating formal mechanisms directed at the rescue and rehabilitation of financially distressed companies. In particular, the introduction of Company Voluntary Arrangements (CVAs) under sections 434–442 and administration under sections 443–549 represents a departure from the…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Crisis averted but home developer still on life support Michael West Media Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Isansys Lifecare Limited, which was based at Baptist House on Broadway in Didcot, entered creditors’ voluntary liquidation on June 5, 2025 with an estimated deficiency of more than £17 million. A notice published in The Gazette confirms that former director David Dorricott intends to remain involved with a business trading as Isansys Lifecare via Isle…
The National Company Law Tribunal at Chennai has admitted an insolvency petition filed by Wootu Nutrition Private Limited, a Chennai-based chain of diet and nutrition clinics, initiating the Corporate Insolvency Resolution Process against the company. A coram of Judicial Member Sanjiv Jain and Technical Member Venkataraman Subramaniam held: “This Tribunal is satisfied that there is…
The recent High Court Annual Report demonstrates a continuing increase in insolvency proceedings. The number of new insolvency proceedings continues to rise, with 2025 seeing an increase of 9.7% from the prior year. Since 2023, the majority of new insolvency proceedings have been filed in Auckland. The number of company liquidation applications filed has also…