The legislative push comes as official data and independent analysis reveal a critical gap between the Insolvency and Bankruptcy Code’s (IBC) intended efficiency and its on-ground performance. While the framework has successfully driven down gross non-performing assets (NPAs) for scheduled commercial banks to a multi-year low of 2.05% as of September 2025, the process…
Creditors left more than $2.8m out of pocket as employment agency liquidation wraps up Stuff Read the original article here
By Hope Patti · January 28, 2026, 9:29 PM EST An asset management company asked a Connecticut state court for permission to intervene in the insurance commissioner’s rehabilitation of struggling insurer PHL Variable Insurance Co., saying the commissioner’s “surprise” plan to… To view the full article, register now. Read the original article here
MissChu, the popular Vietnamese tuckshop and catering business, has gone into voluntary administration. In a statement from KordaMentha, the company appointed as administrators, MissChu’s financial pressures appeared to be caused by “the lack of controls over fixed costs in the business, the expansion of the retail tuckshops through trading and the closure of the Opera…
Solfest goes into liquidation cumbriacrack.com Read the original article here
Staff at leading Irish insurance underwriter say they’ve been left without pay as firm enters liquidation MSN Read the original article here
Solfest, an independent music and arts festival, was first held on the Solway coast near Silloth in September 2004. “After more than 20 years as one of the UK’s most established family festivals, the organisers of Solfest have taken the difficult decision to place the company into liquidation,” the organisers said in a statement. “This…
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Six non-bank financial institutions (NBFIs) out of 35 are set to be liquidated finally due to poor financial health, after the Bangladesh Bank (BB) board approved the move today. The six NBFIs are FAS Finance, Premier Leasing, Fareast Finance, Aviva Finance, People’s Leasing, and International Leasing. Initially, the regulator had planned to liquidate nine NBFIs.…
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