Ansal Properties & Infrastructure Ltd is undergoing Corporate Insolvency Resolution Process for projects in Lucknow and Rajasthan. The company reported a negative net worth of ₹1,816.21 crore and a qualified audit opinion on its ability to continue as a going concern. Ansal Properties & Infrastructure Ltd is facing significant financial challenges, including the initiation of…
South Africa’s corporate distress landscape is deteriorating rapidly. Statistics SA reports that 891 companies have already entered liquidation in 2026, including 233 in April alone. At the same time, business confidence has weakened amid growing economic uncertainty, rising costs and geopolitical instability. For many companies the focus has shifted from financial pressure to survival. Many…
Lifting the Corporate Veil under the IBC: Supreme Court’s Verdict in Alpha Corp Development v. GNIDA Cyril Amarchand Mangaldas Read the original article here
AuthorVihaan Mehta|Published at:18th June 2026, 12:15 pm Space Incubatrics Technologies Ltd has had its Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT over a default of ₹1.19 crore. The company’s board powers are suspended, and a moratorium is in effect. **Status: CIRP Initiated** **NCLT Order Date: 10.06.2026** **Reader Takeaway:** Company faces insolvency proceedings; promoters…
Assent Building Compliance went into liquidation with £3.8m of liabilities, Construction News can reveal. The company, which supplied compliance, inspection, certification, training and safety services, and was formerly known as Assent Building Control, went under in November. A report from an Official Receiver, seen by CN, shows that the £3.8m total outstripped the Wakefield firm’s…
YOUNGSTOWN — A baking company founded in Campbell and serving Ohio, Pennsylvania and New York has announced it will begin ‘winding down operations,’ with plans to liquidate the business after more than 100 years. Schwebel Baking Company will initiate a… Read the original article here
Key Findings This report presents the first large-scale empirical analysis of Members’ Voluntary Liquidation (MVL) outcomes in England and Wales. Commissioned by the Insolvency Service, through fair and open procurement, the research examines 2,309 MVL cases commenced between 2015 and 2024 across three dimensions: efficiency, effectiveness and open cases. The key findings based on the…
Travel agency in north of England plunges into liquidation after more than 40 years Telegraph and Argus Read the original article here
Trade, Industry and Competition Minister Parks Tau has welcomed the withdrawal of the liquidation proceedings of sugar milling company Tongaat Hulett and praises stakeholders who worked to secure a viable path forward for one of South Africa’s most important agro-industrial companies. Tongaat Hulett is a strategic asset within South Africa’s agricultural and manufacturing sectors. Its…
Tau, Parliamentary committee welcome Tongaat agreement, liquidation withdrawal Engineering News Read the original article here