Category Archives: Liquidation

Jackie ‘O’ Henderson’s agent Gemma O’Neill bought a $1million country house and renovated her $10k a week Sydney pad, weeks before being slugged with a $550k tax bill

Jackie ‘O’ Henderson‘s embattled manager and long-time friend, Gemma O’Neill, purchased a $1million home just weeks before being hit with a $550,000 tax bill after her company collapsed. O’Neill’s talent management agency, Gemmie Agency, went into voluntary liquidation in November and is now in the hands of administrators. The firm owes $543,548 to the Australian…

Set-Off Can Be Raised As Defence Against Corporate Debtor Though Resolution Plan Bars Future Settlements : Supreme Court

The Supreme Court has held that while claims not included in an approved resolution plan under the Insolvency and Bankruptcy Code, 2016 stand extinguished, a limited plea of set-off can still be raised as a defence in arbitral proceedings, provided it does not result in any affirmative recovery. A bench of Justice Dipankar Datta and…

SWEA Ltd fined for underpaying staff below the minimum wage

SWEA Ltd, which traded as Starkings & Watson estate agents, underpaid six members of staff, owing them £1,357. It was one of 389 UK employers named by the government for failing to pay the minimum wage. SWEA Ltd is one of a number of similarly-named companies controlled by Starkings & Watson’s managing director, Chris Starkings.…

Baron Infotech Limited Schedules 20th Committee of Creditors Meeting for March 23, 2026 – scanx.trade

Baron Infotech Limited Schedules 20th Committee of Creditors Meeting for March 23, 2026  scanx.trade Read the original article here

Extinguished Counterclaims Can Be Used as a Defence of ‘Set-Off’ Against Corporate Debtors: Supreme Court

The Supreme Court of India has held that while a creditor’s counterclaim against a corporate debtor stands extinguished if it is not included in an approved Resolution Plan, the creditor may still raise the plea of “set-off” as a defensive measure in pending arbitral proceedings. A Bench comprising Justice Dipankar Datta and Justice Augustine George…

UK Government publishes review of the Corporate Insolvency and Governance Act 2020 | Restructuring touchpoint | Global law firm

The review at a glance The UK Government has published its statutory review of the effectiveness of the permanent measures introduced by the Corporate Insolvency and Governance Act 2020 (CIGA 2020). CIGA 2020 came into force on 26 June 2020, during the height of the COVID-19 pandemic, with the goals of supporting businesses through the…

Jobs massacre spreads across key industries in Germany

While the German government is pouring hundreds of billions of euros into rearmament and war, the jobs massacre in the automotive, supplier, chemical, steel and other key industries continues unabated and is now extending to the services sector. The trade unions are ensuring that job cuts proceed smoothly, and that any resistance is crushed at…

NCLAT stays bank guarantee invocation in JAL case, admits contractor’s plea

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Friday issued notice to the monitoring committee of bankrupt Jaiprakash Associates Ltd (JAL) on a plea by Velocity Enterprises, a Bhopal-based contractor, challenging the rejection of its claim under the insolvency process. The appellate tribunal said the matter warranted consideration and directed that the bank…

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Award-winning chocolate factory plunges into liquidation ahead of Easter – after 20 years in business – The Sun

Award-winning chocolate factory plunges into liquidation ahead of Easter – after 20 years in business  The Sun Read the original article here