Liquidation likely for troubled builder Inspired Homes – The West Australian
Liquidation likely for troubled builder Inspired Homes The West Australian Read the original article here
Data: As per IBBI Data, About 44% of The Closed CIRPs Moved Into Liquidation
The Insolvency and Bankruptcy Code (IBC), enacted on 28 May 2016, was designed to address corporate distress by enabling quicker resolution of insolvency cases and aiming to preserve the value of assets. As of December 2024, a total of 8,175 Corporate Insolvency Resolution Processes (CIRPs) had been admitted under the Code. Among the cases that…
India’s Insolvency Law Has Bankers Going Bald – Bloomberg
India’s Insolvency Law Has Bankers Going Bald Bloomberg Read the original article here
NCLAT dismisses insolvency plea against PepsiCo India
Image used for representative purpose only. | Photo Credit: Reuters The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding. The appellate insolvency tribunal has upheld the earlier order passed by the Chandigarh bench of the…
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Hudson’s Bay liquidation sales end soon then stores in Canada close forever
After 355 years, beginning as a fur trading company incorporated by King Charles II, the end of Canada’s oldest retailer is fast approaching. Hudson’s Bay Company is expected to shutter all of its department store locations by June 2025, marking the final phase of a nationwide liquidation process that began in late March. In late…
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Hudson's Bay liquidation to end by June 1, store closures fast approaching | Urbanized – Daily Hive Vancouver
Hudson’s Bay liquidation to end by June 1, store closures fast approaching | Urbanized Daily Hive Vancouver Read the original article here
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Reacon Australia administrators now liquidators after Federal Court ruling
Reacon Australia has been placed into liquidation following a ruling by the Federal Court on Friday 9 May. The administrators for the business, Simon Cathro and Andrew Blundell from Cathro & Partners have been appointed as the liquidators for the business. “On Friday, the Federal Court wound up Reacon Group following a petition received from…