“The Model Law is an effective and valuable tool in enabling cooperation between jurisdictions, providing a structural framework for recognition and clarity around the types of relief available to a foreign insolvency officeholder,” says Mr Child. “It has clearly increased efficiencies in terms of cost and time in pursuing cross-border asset recovery. The main drawback…
Compuage Infocom Schedules 25th Committee of Creditors Meeting on May 14, 2026 scanx.trade Read the original article here
Mr. Raju Mangilal Marshiya has been appointed as the Resolution Professional (RP) for Supha Pharmachem Limited on May 11, 2026.This appointment, approved by the National Company Law Tribunal (NCLT), signifies the transfer of control from the board to the RP for the Corporate Insolvency Resolution Process (CIRP). Reader Takeaway: New RP appointed to manage insolvency;…
UAE – IFFCO Group has entered provisional liquidation following a significant shift in the company’s financial strategy as it moves to address an estimated US$2 billion debt burden through court-supervised restructuring. The proceedings, initiated in the Isle of Man and Singapore, represent a proactive step by creditors to stabilize the conglomerate’s global operations and preserve…
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…
Ascend Airways has cancelled all flights with immediate effect and will relinquish its UK Air Operator’s Certificate (AOC). The firm was established in 2004 but traded under its current name for only three years. As a “wet-lease” carrier, the airline provided aircraft to operators including Oman Air, Air Sierra Leone and TUI Airways. Also known…
‘Triangle of Sadness’ Production Company Faces Liquidation Following Insolvency Hearing (Exclusive) IMDb Read the original article here
Woolworths CEO Roy Bagattini has refuted claims by its former chocolate supplier, Beyers Chocolates, that the retailer was the main reason the chocolatier entered liquidation. Following the allegations and a week of negative public discourse, Bagattini publicly denied the claim, arguing that the group could not be responsible for the actions of a business that…
Update: 12 May The collapse of one of South Africa’s best-known chocolate manufacturers has sparked a growing public debate around supplier relationships, intellectual property and the pressures facing local businesses in an increasingly competitive retail market. In recent days, the liquidation of Beyers Chocolates, the company behind popular products like Chuckles and Sweetie Pie, has…
Businesses across sectors in Swindon go under amid financial woes Swindon Advertiser Read the original article here