Sydney-based car buying platform Carconnect has entered Voluntary Administration, appointing Jonathon Colbran and Brett Lord from RSM Australia Partners as Joint and Several Voluntary Administrators on 26 February 2026. Founded in the early 2000s, Carconnect was one of the first online platforms in the Australian market connecting consumers with dealers. It sought to simplify and…
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The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by JSW Infrastructure Limited for the acquisition of NCR Rail Infrastructure Limited (formerly Arshiya Rail Infrastructure Limited). The order, pronounced on Thursday, paves the way for the corporate debtor to be revived as a going concern. The resolution plan,…
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted a Section 9 insolvency plea against Baggit India Private Limited, initiating the corporate insolvency resolution process (CIRP) over an alleged operational debt of ₹1.11 crore. The petition was filed by Sunrise Global Tradelinks, a proprietary concern engaged in sourcing and supplying raw materials…
1. Main messages for England and Wales After seasonal adjustment, the number of registered company insolvencies in England and Wales was 2,035 in February 2025, 3% higher than in January 2025 (1,978) but 7% lower than the same month in the previous year (2,188 in February 2024). Company insolvencies over the past year have been…
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Sayaji Hotels (Indore) Limited has announced a mutual settlement with Ujaas Energy Limited, resolving an insolvency petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. This agreement effectively removes a significant legal impediment that had been casting a shadow over the hospitality firm’s operations. Reader Takeaway: Settlement ends legal overhang; focus…
EY comments on Insolvency Service January 2026 data | EY – UK EY 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…