Failed Timaru company owes more than $2.2m: Owner’s son represented himself as director – The Press
Failed Timaru company owes more than $2.2m: Owner’s son represented himself as director The Press Read the original article here
Major airline plunges into liquidation as all flights cancelled – in business since 2007 | World | News
Yet another airline has been thrust into liquidation following severe financial difficulties. This comes in the wake of the liquidation of Scottish firm EcoJet Airlines, as well as Royal Air Philippines entering administration and cancelling all flights. Indian charter carrier Dove Airlines has now ceased operations after entering voluntary liquidation in January. Founded in 2007,…
Cafes traded while insolvent: liquidator
Further investigations are being made into the conduct of the directors of failed national cafe chain Wishbone after the liquidator found the company traded while insolvent. The Woodward Group, a holding company used to trade the business, was placed in liquidation in August, 2023, owing creditors more than $6.8 million. The pre-made food manufacturer and…
Gala Global Products Board Approves Seeking Shareholder Mandate for Potential Insolvency Process Initiation – scanx.trade
Gala Global Products Board Approves Seeking Shareholder Mandate for Potential Insolvency Process Initiation scanx.trade Read the original article here
BRIEFING ROOM: Restructuring and transformation — Financier Worldwide
FW: How have legal and regulatory frameworks evolved to support restructuring efforts? Lawford: The Corporate Insolvency and Governance Act 2020 represented the most significant reform to UK insolvency law in over two decades. Most notably, it introduced the restructuring plan with its cross-class cram down power, enabling courts to sanction compromises even where certain creditor…
UK farm shop firm faces liquidation – family business 17 years | UK | News
The shop also has a cafe and restaurant (Image: Getty) A UK farm shop firm with a store featuring a “great atmosphere” and “welcoming staff” faces liquidation. Hirst Family Trading Company Ltd., which trades as Albion Farm Shop in the village of Delph, Greater Manchester, was incorporated in 2009, according to Companies House. But accounts…
India’s bankruptcy law gets its new overhaul: What the IBC Amendment Act, 2026 changes and why it matters
NEW DELHI: On April 6, 2026, the President of India gave assent to the Insolvency and Bankruptcy Code (Amendment) Act, 2026–No. 6 of 2026–and the legislation was published in the Gazette of India. A decade after the original IBC was enacted in 2016, Parliament has approved what practitioners call the most comprehensive rewrite of the…
AGS Transact Technologies Relocates Books of Accounts Following Committee of Creditors Decision – scanx.trade
AGS Transact Technologies Relocates Books of Accounts Following Committee of Creditors Decision scanx.trade Read the original article here
Processing changes on the way for insolvency laws in India
The President of India has approved the Insolvency and Bankruptcy Code (Amendment) Act, 2026 set to bring in significant changes to the insolvency regulations to improve processing efficiency and reduce hurdles. The changes include timelines for insolvency process applications, approval and implementation of resolution plans and the liquidation process. The amendment has yet to take…
Scottish pet retailer falls into liquidation after cyber attack leaves firm with ‘no future’
At its peak, Pet Planet, based in Livingston, operated profitably and had revenues of £12 million as it offered customers a variety of products ranging from premium food to litter and toys. However, despite being in business since 1999, the firm collapsed on March 31, with administrators officially called in on Friday. James Stephen and…