The Supreme Court has ruled that insolvency protections under the IBC only apply to the defaulting company, not its promoters or directors. This verdict allows homebuyers to continue legal actions against developers’ leadership for personal liabilities, even when the company is undergoing insolvency proceedings. In a decision that clarifies the scope of the Insolvency and…
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Long in solar, short on storage: Zen Energy faces liquidation as administrators blame high risk strategy reneweconomy.com.au Read the original article here
Kenya, 3 August 2026 – Creditors of United Insurance Company Limited (in liquidation) have been encouraged to submit their Proof of Debt forms by August 21 to participate in the company’s creditors’ meeting scheduled for next month. In a notice, Kamal Anantroy Bhatt, the liquidator of United Insurance Company Limited (in liquidation) and a partner…
Liberty Bell Bay Smelter Liquidation: Regional Impact Explained discoveryalert.com.au Read the original article here
Mercury Trade Links receives IBC CIRP initiation notice scanx.trade Read the original article here
Liberty Bell Bay has been placed into liquidation, a move the Tasmanian government has called “deeply disappointing” for the communities of George Town, Bell Bay and northern Tasmania. Business and Industry Minister Felix Ellis said the decision comes after GFG Alliance “ripped almost $200 million from the business” during its time overseeing the operation. The…
REVEALED: Liquidator appointments for businesses in the Hobart council area for August 3 The Mercury Read the original article here
Home REIT exchanges on final portfolio sales Estates Gazette Read the original article here
The National Company Law Tribunal (NCLT) has initiated the Corporate Insolvency Resolution Process (CIRP) against television broadcaster TV Vision Ltd over an alleged financial default of ₹294.65 crore. In a regulatory filing on July 31, 2026, the company confirmed that the Mumbai bench of the tribunal admitted an application filed by lead lender Punjab National…