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Allianz Shares Face Headwinds as Corporate Defaults Loom
Allianz posts record 2025 profit but faces a flat 2026 outlook due to rising corporate insolvency risks flagged by its trade credit unit, despite a higher dividend. Investors in Allianz are grappling with a stark dichotomy: record-breaking profits on one hand and a deteriorating credit environment on the other. The insurance giant’s recent operational performance…
NCLT allows withdrawal of insolvency proceedings against ATS Knightsbridge
The National Company Law Tribunal (NCLT), New Delhi Bench, has permitted the withdrawal of corporate insolvency resolution proceedings (CIRP) initiated against ATS Heights Private Limited, the developer of the ATS Knightsbridge project, in exercise of its powers under Section 12A of the Insolvency and Bankruptcy Code (IBC). {{^htLoading}} {{/htLoading}} The tribunal, through its order dated…
Winding-up case against alleged $14m tax avoidance scheme gets green light
Last Wednesday (11 February), the Federal Court of Australia allowed liquidator Peter Krejci to proceed with his winding-up application against Teddy Panella, Sam Cassaniti and Armstrong Scalisi Holdings, trading as Sydney accounting firm CAP Accounting. Krejci alleged that Cassaniti was behind a tax avoidance scheme that utilised various labour hire companies to divert funds that…
Major mattress chain converts to Chapter 7 bankruptcy liquidation
The furniture retail sector has suffered from economic distress in the last year with major home furnishing companies closing stores and filing for bankruptcy protection. Companies that have filed for bankruptcy include AFC Acquisition Corp., owner of Albuquerque-based furniture chain American Home Furniture & Mattress, which filed for Chapter 11 bankruptcy to reorganize its business, close certain…
Women’s fashion chain shuts 30 UK stores after executing liquidation | UK | News
A women’s clothing retailer has confirmed it will shut all of its remaining UK stores after entering voluntary liquidation, marking the end of a high street presence that has spanned decades. Select Fashion announced that its branch inside the Pentagon Shopping Centre in Chatham is among those set to close, after notices were placed in…
Clough falls into voluntary administration, joins list of WA building firms hitting troubled waters
The fall of Perth builder Clough into voluntary administration after more than a century in business marks the latest in a string of local builders to hit troubled waters. Key points: WA building giant Clough has entered voluntary administration The administration is being overseen by Deloitte The delivery of several big projects is now in doubt…
Sun Cable’s solar project is in voluntary administration. Why has it happened, and what does it mean?
It’s an ambitious project that was destined to be difficult. The mission: To turn the blistering heat of the Northern Territory into a solar energy powerhouse supplying electricity to Singapore and Darwin. The method: By building a giant 20-gigawatt solar farm — supported by the world’s biggest battery network — that connects to Darwin, before continuing to Singapore…
Major Tasmanian employer seized by lender in dramatic takeover – The Courier Mail
Major Tasmanian employer seized by lender in dramatic takeover The Courier Mail Read the original article here
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