Resolving Insolvency under the Banks and Specialised Deposit Taking Institution Act, 2016 (Act 930) The Business & Financial Times Read the original article here
REVEALED: Latest business liquidations in Manningham Herald Sun Read the original article here
A long‑standing fresh produce wholesaler has gone into liquidation. C.A. Belcher & Son Limited, a family‑run fruit and vegetable wholesaler trading as C A Belcher & Son in Lower Earley, entered creditors’ voluntary liquidation on February 2. Two insolvency practitioners from Reading‑based KRE Corporate Recovery have been appointed to wind up the business. According to…
Vic builder in administration owing $4m after major contract terminated Herald Sun Read the original article here
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales, was 2,029 in October 2025, 2% higher than in September 2025 (1,995) and 17% higher than the same month in the previous year (1,739 in October 2024). The business insolvencies consisted of 301 compulsory liquidations, 1,592 creditors’…
The Insolvency and Bankruptcy Code, 2016 was introduced as a comprehensive framework, aiming to facilitate the reorganization and insolvency resolution of corporate entities in a time-bound manner, with the primary goals of maximizing the value of assets, promoting entrepreneurship, and enhancing credit availability. In addition to the above, one of the key objectives of the…
Canara Bank Classifies Reliance Communications Subsidiary Credit Facilities as Fraud scanx.trade Read the original article here
(Pic: Shutterstock) Lawyers at Philip Lee have described a recent High Court decision as “an important post-Brexit development for cross-border insolvency in Ireland”. They were commenting on the court’s recent recognition and enforcement, in a post-Brexit context, of an Individual Voluntary Arrangement (IVA) that was agreed in the North. An IVA is a…
The proliferation of cryptocurrency holdings on corporate balance sheets has introduced a novel dimension to insolvency practice in India. Once purely speculative, cryptocurrency is now also held as treasury reserves, trading inventory and collateral. Within the Indian insolvency framework, the central question is no longer whether cryptocurrency is relevant to insolvency proceedings, but how it…
The entire sugar eco-system and stakeholders require certainty and a sustainable solution before the insolvency court sits to hear the BRP’s application for provisional liquidation of THL . (Delwyn Verasamy/M&G) Before the hearing of the provisional liquidation of Tongaat Hullet Limited (THL) starts in the Durban High Court, there are a few things that interested…