COMPANIES in Singapore were forced to wind-up in record numbers last year, as compulsory liquidations in the city-state soared. As many as 307 firms were shuttered in 2024, up from 201 the previous year, according to the Ministry of Law. That’s the highest since 2010, the earliest data provided. In January, 38 companies were…
Pooling orders allow the debts and claims of multiple insolvent companies to be grouped together and treated as one. This enables the liquidator to conduct a single liquidation instead of several separate ones. The rationale behind this is it minimises costs in administrating the liquidation and enhances the distribution of payments to priority creditors, especially…
Home » General » Business » Adani, Patanjali among 26 firms in race to acquire Jaiprakash Associates New Delhi, April 6 (SocialNews.XYZ) Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings. Jaiprakash Associates, a…
Cosmetics and beauty retailer The Body Shop’s operations in New Zealand have entered liquidation, resulting in the cessation of all storefront operations and the loss of 70 jobs. An announcement on The Body Shop’s website confirms that all bricks-and-mortar locations have ceased operations indefinitely, and the online store has halted order fulfilment. A statement on…
1 total views today By Rukayat Moisemhe The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has partnered with the Federal High Court to streamline processes within the insolvency division and enhance the administration of business recovery in the country. BRIPAN President, Mr Chimezie Ihekweazu, disclosed this in a communiqué made available to the…
Higher borrowing costs, together with uncertainty about the outlook for the UK economy, and its implications for corporate earnings, supports the deteriorating credit risk picture over the next year. Moody’s baseline economic scenario for the UK assumes that economic growth will continue to be below potential for some time. Annual real GDP growth for the…
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Jaiprakash Associates Insolvency: Anil Agarwal, Gautam Adani in race for bankrupt JAL’s acquisition – LIST of 26 bidders ET Now Read the original article here
The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has partnered with the Federal High Court to streamline insolvency division processes to boost the administration of business recovery in the country. President, BRIPAN, Mr Chimezie Ihekweazu, said this in a communique made available to the News Agency of Nigeria (NAN) yesterday in Lagos. NAN…
Open this photo in gallery: Hudson’s Bay in Richmond Centre in Richmond, B.C., on March 27. Hudson’s Bay Company announced on March 21 that all but six of its locations across Canada would be liquidated after the company filed for credit protection.Isabella Falsetti/The Globe and Mail After the 2017 liquidation of Sears Canada Inc., thousands…