‘Failed’: Major Tassie employer enters administration – The Mercury
‘Failed’: Major Tassie employer enters administration The Mercury Read the original article here
Liberty Bell Bay Voluntary Administration 2026 Update
Australia’s mining sector faces unprecedented challenges as global supply chains experience significant disruption and commodity markets undergo structural shifts. The intersection of corporate governance failures, regulatory enforcement, and strategic asset management has created a complex landscape where traditional business models are being tested. Understanding these dynamics becomes crucial when examining how individual company crises reflect…
GFG Alliance’s Bell Bay smelter enters administration after months of uncertainty
Australia’s only manganese alloy smelter has been placed into voluntary administration, marking the latest blow for workers and the George Town community after months of uncertainty. Business, Industry and Resources Minister Felix Ellis said the state government would urgently convene the Bell Bay Response Team following the developments with Liberty Bell Bay on Monday. “GFG…
Liberty Bell Bay placed into liquidation after years of GFG Alliance financial struggles
The owner of the Bell Bay manganese smelter in northern Tasmania has entered voluntary administration following an intervention by the corporate regulator earlier this month. Ernst and Young has been appointed as administrator of Liberty Bell Bay (LBB), and says it will work with governments and unions to ensure the smelter’s ongoing operations. It will…
‘Accounting Gaps Alone Don’t Prove Fraud’: NCLT Dismisses ₹30 Lakh Recovery Plea
In a significant ruling on corporate insolvency proceedings, the Kochi Bench of the National Company Law Tribunal (NCLT) has dismissed a ₹30 lakh recovery application filed by a company’s liquidator, holding that mere non-reflection of transactions in financial records is not sufficient to establish fraud. Case Background: Liquidator’s Fraud Allegations Under IBC Section 66(1) The…
Cytonn CEO apologises over Sh11bn loss, vows to fight liquidation to the end – Business Daily
Cytonn CEO apologises over Sh11bn loss, vows to fight liquidation to the end Business Daily Read the original article here
Business bankruptcies U.S. 2000-2023| Statista
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NCLT Approves Withdrawal of Insolvency for ATS Knightsbridge Project, ETRealty
NEW DELHI: The National Company Law Tribunal (NCLT) has allowed the withdrawal of insolvency proceedings against ATS Knightsbridge, a residential project in Noida, following a settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code (IBC). The insolvency case, initiated by ASK Trusteeship Services under section 7 of the IBC in 2023, was…
NCLT clearing path for completetion of ATS Knightsbridge
The National Company Law Tribunal (NCLT) New Delhi Bench has formally dismissed the insolvency proceedings against ATS Heights Private Limited, a move that paves the way for the resumption and delivery of its premium residential project, ATS Knightsbridge, in Noida. The order, delivered on March 13, 2026, permitted the withdrawal of the Corporate Insolvency Resolution…
Go First Airlines And 4 Other Companies That Have Turned Insolvent In The Past 5 Years
Synopsis: Several well-known Indian companies, including Future Retail, Go First, Sintex Plastics, GVK Energy, and Jaiprakash Associates, have entered insolvency in the last five years. Their cases reflect the impact of debt burdens, failed deals, operational disruptions, and weak cash flows across sectors such as retail, aviation, plastics, power, and infrastructure. The past five years…