The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved a resolution plan, bringing the corporate insolvency resolution process to a close after it received unanimous approval from the committee of creditors. The order relates to Latakisan Construction Private Limited, in respect of which an application was filed by the Resolution Professional seeking…
MUMBAI: Creditors have realised Rs 4 lakh crore under the resolution plans initiated under the Insolvency and Bankruptcy Code till September 30, 2025, according to a Reserve Bank report on Wednesday. Since the provisions relating to the corporate insolvency resolution process came into force in December 2016, a total of 8,659 CIRPs have been initiated…
van Eyk’s administrator has recommended winding up the research house, ahead of a meeting tomorrow to determine the company’s fate. A month after being appointed administrator for the troubled research house, Trent Hancock, of Moore Stephens Corporate Recovery, said in a report to creditors it would be in the best interests of creditors to wind…
A major caravan manufacturer has collapsed into administration, leaving hundreds of customers and employees in limbo weeks before Christmas. Zone RV makes luxury off-road vans out of its base in Coolum, on Queensland’s Sunshine Coast. Employees arriving at work on Monday morning were told the news and sent home. The ABC understands about 250 staff…
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Mumbai: Creditors have realised nearly Rs 4 lakh crore under resolution plans implemented through the Insolvency and Bankruptcy Code (IBC) up to September 30, 2025, according to the Reserve Bank of India’s Financial Stability Report released on Wednesday. Since the corporate insolvency resolution process (CIRP) came into effect in December 2016, a total of 8,659…
Creditors realised Rs 4 lakh crore under IBC till September: RBI report MSN Read the original article here
Carborundum Universal Completes Voluntary Liquidation of Czech Republic Subsidiary scanx.trade Read the original article here
Legal and ethical standards in corporate insolvency . By Elizabeth Streten 1st edition 2024 , Routledge, Abingdon/New York ), 240pp, £135, ISBN 978-1-032-46246-2 Wiley Online Library Read the original article here