IBBI has issued fresh guidelines for the empanelment of insolvency professionals to enable quick appointments in corporate insolvency and bankruptcy cases. These guidelines provide the procedure for preparing a panel of insolvency professionals (IPs) to act as Interim Resolution Professionals (IRPs), liquidators, resolution professionals (RPs) and bankruptcy trustees (BT). In a circular on Monday, applicants…
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Three Ubco companies in liquidation owing over $35m BusinessDesk | NZ Read the original article here
The UAE’s Evolving Insolvency Mosaic Lexology Read the original article here
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More than 8,800 Corporate Insolvency Resolution Processes (CIRPs) were admitted under the Insolvency and Bankruptcy Code (IBC) until December 2025, with creditors realising over Rs 4.11 lakh crore through approved resolution plans, Financial Services Secretary M Nagaraju said on Tuesday. More than 4,000 corporate debtors have been rescued through resolution, settlements, withdrawals or appeal-related closures,…
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FREIT BOARD OF DIRECTORS APPROVES PLAN OF VOLUNTARY LIQUIDATION TO MAXIMIZE VALUE FOR STOCKHOLDERS Current Estimate of Distributions to Stockholders is Approximately $24.44 to $30.03 Per Share; Representing Significant Premium to Latest Closing Stock Price HACKENSACK, N.J., May 14, 2026 /PRNewswire/ — First Real Estate Investment Trust of New Jersey, Inc. (“FREIT” or the “Trust”)…
Gum Tree Pies has entered a deed of company arrangement with its creditors, retaining business assets and local staff in Bright, Yackandandah and Wodonga as they survive liquidation. Appointed administrators met with creditors of the business last week to decide on the future of the bakery, which entered voluntary administration on 8 April, reporting around…
Justicia Shipena The High Court has placed Linden Beef Close Corporation under final liquidation after the company failed to appear in court during a winding-up hearing held in Windhoek yesterday. High Court judge Beatrix de Jager issued the order. “The respondent is placed under a final order of winding-up,” De Jager ruled. Linden Beef had…