The Allahabad Bench of the National Company Law Tribunal (NCLT) has rejected the resolution plan submitted by the consortium of Dr Mukesh Kumar Agarwal and Divyansh Agarwal for Usha India Limited. The tribunal also ordered liquidation of the company. The bench of Judicial Member Praveen Gupta and Technical Member Ashish Verma held that it was…
New Delhi: Corporate affairs secretary Deepti Gaur Mukerjee on Saturday called on insolvency professionals to “push boundaries of corporate turnaround” to rescue every possible insolvent firm, prevent liquidation and maximise value for stakeholders. And they must do so without delay while maintaining utmost professional integrity, she said. The code of conduct, stipulating certain dos and…
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By Dietrich Knauth June 12 (Reuters) – A U.S. bankruptcy judge in Houston said on Friday bankrupt auto parts maker First Brands could move ahead with a liquidation plan that would fund lawsuits against the company’s indicted founder and other insiders in an attempt to recoup money for creditors. U.S. Bankruptcy Judge Christopher Lopez allowed…
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First Brands moves ahead with liquidation plan MSN Read the original article here
Responsible: ad hoc news Markets & Valuation Desk. Reviewed prior to publication on June 12, 2026 at 10:07:57 PM ET. Details in the imprint. Coface SA, the French trade-credit insurer listed in Paris, is back in focus after the group raised its forecast for global corporate insolvencies in 2026 to roughly 6% growth, a marked…
‘It was the privilege of my life’: Canberra’s maggot-tech startup falls into administration The Canberra Times Read the original article here
Eastbourne Pier future monitored as company faces liquidation BBC Read the original article here
REVEALED: Latest business liquidations in Whittlesea Herald Sun Read the original article here