Brindabella Christian College operating as usual despite entering voluntary administration – MSN
Brindabella Christian College operating as usual despite entering voluntary administration MSN Read the original article here
Mark Butler calls Australia’s private hospitals and insurers to urgent meeting amid Healthscope financial crisis – The Guardian Australia
Mark Butler calls Australia’s private hospitals and insurers to urgent meeting amid Healthscope financial crisis The Guardian Australia Read the original article here
NCLT Have No Jurisdiction to Direct ED to Defreeze Corporate Debtor’s Account Frozen Under PMLA: NCLT
The panel ruled that when the Corporate Debtor’s account was frozen in accordance with the Adjudicating Authority’s instructions under the PMLA, it lacked the authority to order the ED to defreeze it The Tribunal ruled that only the authorities specified under the PMLA have the authority to handle cases pertaining to account freezing and attachment…
IBC Monthly Digest [February 2025] – Live Law – Indian Legal News
IBC Monthly Digest [February 2025] Live Law – Indian Legal News Read the original article here
Trucking Co. Liquidation Hearing Delayed Amid Sale Debate
By Yun Park ( March 7, 2025, 6:57 PM EST) — A hearing for bankrupt trucking company KAL Freight to determine whether to convert the case to a Chapter 7 liquidation was pushed back to next week as the debtor tried to finalize a Chapter 11 asset sale…. Law360 is on it, so you are,…
IBBI Proposes Reform of Liquidation: Ending Inefficient ‘Going Concern Sales’
The issue is that this process can take a long time and often doesn’t help creditors get their money back. When a business is in financial trouble and can’t pay its debts, it might go into liquidation. This means the company is closed down and its assets (things it owns) are sold to pay off…
Fresh trouble for SpiceJet as 3 aircraft lessors, former pilot file insolvency pleas
SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Three lessors – NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues…
Ipswich Great White Horse Hotel mystery after liquidation
Paperwork prepared for Tuesday’s Ipswich Borough Council executive meeting has revealed that Dayal Motels Ltd went into liquidation on December 11. The company was liable for business rates at the Tavern Street site from June 28, 2022, to December 10 last year, but according to the council no rates were paid. There was a valuation request…
Promoter Undergoing CIRP Can Be Permitted To Complete Project For Benefit Of Homebuyer: NCLAT – Live Law – Indian Legal News
Promoter Undergoing CIRP Can Be Permitted To Complete Project For Benefit Of Homebuyer: NCLAT Live Law – Indian Legal News Read the original article here
Azerbaijan’s Lider production company moves forward with liquidation
BAKU, Azerbaijan, March 8. Leader Production LLC, a subsidiary of Leader TV and Radio Azerbaijan LLC, is liquidated, Trend reports via State Tax Service. Creditors can submit their claims within two months to the address: 83/23 Shafayat Mehdiyev Street, Yasamal District, Baku City. Lider Production LLC was state-registered in 2008. The legal representative of the…