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The Supreme Court of India has dismissed an appeal filed by Power Trust, the promoter of Hiranmaye Energy Ltd., challenging the initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The Bench, comprising Chief Justice of India Surya Kant, Justice Joymalya Bagchi, and Justice Vipul M. Pancholi, upheld the orders of the…
Cheshire Local Business Limited, based at Winnington Court, has been operating as an agent for BT’s commercial services since 2019. The company provided services such as broadband, company mobiles, cloud-based landline phone systems, and cyber security to offices and warehouses across Cheshire. The company employed around 28 people, according to the latest available data…
Rising costs and creditor pressure are driving up corporate insolvencies. According to Hampshire-based firm Azets, all three main corporate insolvency processes saw increases in January 2026 compared to December 2025, despite an overall year-on-year decline. Chris Tate, partner in restructuring and insolvency at Azets, said: “More broadly, it’s a case of new year, same problems…
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Now Specialist Haulage Hire of Sandyford Place is in the process of liquidation. The petition was presented to Glasgow Sheriff Court by the Advocate General for Scotland for the Commissioners for His Majesty’s Revenue and Customs “to order that Specialist Haulage Hire Ltd be wound up by the court and to appoint a liquidator”. Julie Tait of Grant…
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Aban Offshore Navigates Complex Insolvency Path Amidst Settlement Hopes Aban Offshore Limited, a key player in India’s offshore drilling services sector, remains deep in its Corporate Insolvency Resolution Process (CIRP). The latest development comes from the National Company Law Appellate Tribunal (NCLAT), Chennai, which has pushed back a crucial hearing to March 27, 2026. This…
REVEALED: Latest business liquidations in Hume Herald Sun Read the original article here
Business Restructuring Review Vol. 25 No. 1 | January-February 2026 | Insights | Jones Day …