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After cancelling last year’s event just weeks out, the company behind R&B music festival Souled Out has gone into voluntary administration with debts reportedly exceeding $1 million. Souled Out Pty Ltd had planned to return in February 2025 for a second year of the festival but cancelled the sold-out event, before entering administration last month.…
The bankruptcy court has ordered the admission of Gurgaon-based real estate developer Vatika Ltd under the corporate insolvency resolution process (CIRP) in an application filed by IDBI Trusteeship Services after the company defaulted on its dues of about Rs 274 crore. The Chandigarh bench of the National Company Law Tribunal (NCLT) has also appointed Jayant…
When a company gets put into a receivership, that’s usually a last-ditch effort to save the brand. “The receiver’s job is to literally operate the business,” said John Mark Jennings, a partner in the law firm of Shulman Hodges & Bastian LLP to Smart Business. “A receivership is an action brought against your company because…
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REVEALED: Latest business liquidations in Swan dailytelegraph.com.au Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
NCLT Recalls Corporate Insolvency Resolution Process Initiated Against Alchemist “The insolvency proceedings were vitiated by fraud, collusion, and malicious intent” FinTech BizNews Service Mumbai, 5 February 2026: Directorate of Enforcement (ED) has secured a significant judicial outcome, as the Hon’ble National Company Law Tribunal (NCLT), New Delhi, vide its order dated 03.02.2026, recalled the…
The Financial Deep Dive Radhagobind Commercial Limited is navigating a crucial phase of its Corporate Insolvency Resolution Process (CIRP), as evidenced by the Committee of Creditors (CoC) third meeting held on February 5, 2026. Chaired by Interim Resolution Professional (IRP) Mr. Najeeb T P, the meeting underscored the ongoing efforts to ascertain the company’s…