Canadian business insolvency filings increased the most in 31 years last quarter, and rising interest rates could push the number even higher, according to the Canadian Association of Insolvency and Restructuring Professionals (CAIRP). Business insolvency filings in Canada rose 33.8% in the first quarter compared with the same quarter last year, according to data from…
National Company Law Appellate Tribunal has set aside an order passed by the National Company Law Tribunal that had admitted insolvency proceedings against Embassy Development, holding that the application filed by Canara Bank was barred under provisions of Section 10A of the Insolvency and Bankruptcy Code. The Delhi bench of the NCLT had, in…
Depositors stage protest as reimbursement uncertain. TBS Report 06 May, 2026, 10:15 pm Last modified: 07 May, 2026, 01:48 am Representational image of Non-Bank Financial Institution. “> Representational image of Non-Bank Financial Institution. The liquidation of six troubled non-bank financial institutions, a decision taken by the interim government on the central bank’s recommendation, will not…
The company is on the verge of collapse, with a creditors’ meeting set for Wednesday, May 20. NCP operates over 300 car parks across the UK, some leased and some managed directly. The company employs around 700 people. PricewaterhouseCoopers are handling the administration process, according to the Gazette. NCP was taken over by a Japanese…
REVEALED: Latest business liquidations in Whittlesea Herald Sun Read the original article here
The company called 50 MC was placed into liquidation by the owner of Civerinos pizza restaurant group. The liquidated firm was described as an events venture set up three years ago by founder Michele Civiera, who has restaurants in Glasgow and the Scottish capital. Acclaimed restaurant owner places part of business into liquidation. (Image: Getty…
REVEALED: Latest business liquidations in Stirling Daily Telegraph Sydney Read the original article here
Business rescue is a thriving cottage industry in South Africa’s peculiar insolvency ecosystem. It is often mentioned but little understood — just like the largely opaque role of the business rescue practitioners (BRPs). For some, a BRP is an architect of comebacks. For others, the BRP is an overcompensated empty suit with a licence to…
To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a…
KPMG Appointed Voluntary Administrators of Fishburners techbusinessnews.com.au Read the original article here