When the Insolvency and Bankruptcy Code was introduced in 2016, it replaced a fragmented web of recovery laws with a single economic logic: fast resolution would preserve value. Nearly a decade later, the Parliamentary Standing Committee on Finance has concluded that each of the Code’s core pillars, speed, certainty and creditor control, is now under…
Germany is on course for the highest corporate insolvency count in more than a decade, raising fresh questions about the resilience of the nation’s largest listed companies — and the ETFs that track them. The latest data from Creditreform, cited by Reuters, paints a sobering picture of deepening financial strain across Europe’s biggest economy. For…
Shares of Vedanta Ltd. gained as much as 2% on Thursday, December 4, to hit a 52-week high, the National Company Law Tribunal (NCLT) Kolkata gave its approval for the Anil Agarwal-owned mining conglomerate’s resolution plan for the acquisition of Incab Industries Ltd for ₹545 crore. Vedanta will acquire 100% of the paid-up capital and management…
German corporate insolvencies to reach decade-high in 2025 By Investing.com Investing.com South Africa Read the original article here
The Australian Securities and Investments Commission (ASIC) has this week issued notices of the liquidation of South Australian-based lighting company Vailo. Liquidator Robert Hutson of KordaMentha is seeking debts owed to parties including the National Australia Bank, and separately a Supreme Court order to wind up the company has been made with liquidator Robert Ferguson…
On 30 June 2025, a winding-up order was made against Prax Lindsey Oil Refinery Limited, Prax Storage Lindsey Limited, and Prax Terminals Killingholme Limited. The court appointed the Official Receiver, Gareth Jonathan Allen, as Liquidator. Following an application made by the Official Receiver, the court has also appointed Matthew Callaghan, Andrew Johnson, Joanne Hewitt-Schembri and…
Grim update for thousands of Aussies left in the lurch after major super company collapsed MSN Read the original article here
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British beauty brand Mallows Beauty has entered into liquidation, reportedly owing £1.9m to 57 creditors. The brand, known for its range of vegan skin and body care products, filed for liquidation on 27 November 2025, with Bethan Evans and John Cullen of Menzies LLP appointed as joining liquidators on 5 December. Mallows Beauty…
REVEALED: Latest business liquidations in Yarra Herald Sun Read the original article here