NCLT Excludes Worli Land Development Rights From HDIL’s Assets, Cites 2013 Agreement Termination

NCLT Excludes Worli Land Development Rights From HDIL’s Assets, Cites 2013 Agreement Termination | AI Representational Image Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) has directed the resolution professional of Housing Development and Infrastructure Ltd (HDIL) to exclude development rights over a Worli-based property from the company’s pool of assets, holding…

What ASIC’s review tells us about voluntary administration

Jeff Marsden of BDO discusses ASIC’s review of more than 5,000 voluntary administrations involving approximately $71 billion in liabilities, revealing that 44% resulted in approved DOCAs, with larger companies significantly more likely to achieve a restructuring and unsecured creditors receiving a median dividend of 11.5 cents in the dollar under completed DOCAs, while emphasizing the…

Athboy Celtic to face delays to new all-weather pitch as construction company set to enter liquidation

All Sport Credit: Athboy Celtic Facebook Page Clearwater Construction, the company responsible for the construction of the new playing surface, is set to appoint liquidators next week Local soccer club Athboy Celtic are one of a number of clubs nationwide that have been impacted by the collapse of a large construction company.  Clearwater Construction Construction…

Business insolvencies rise by 5%

Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales was 1,931 in July 2026, 5% higher than in June 2026 (1,847) but 5% lower than the same month in the previous year (2,031 in July 2025). The business insolvencies in July 2026 consisted of 288 compulsory liquidations,…