Category Archives: Liquidation

Ministry fast-tracks corporate liquidation procedures amid spike in business exits

To remove administrative bottlenecks and facilitate smoother market exits for enterprises, the Ministry of Finance has issued an official dispatch instructing provincial Departments of Finance to accelerate business dissolution procedures. The directive is based on the Enterprise Law and its amending decrees on business registration (Decree No. 168/2025/ND-CP and Decree No. 296/2026/ND-CP). The ministry instructed…

NCLT: Dissolution Does Not Bar Guarantor Proceedings

Home/Corporate Laws/Dissolution of Corporate Debtor Does Not Bar Proceedings Against Promoters, Directors & Guarantors: NCLT Dissolves ₹148.6 Cr Asset Liquidation Corporate LawsLaw Report NCLT orders ₹148.6 crore dissolution, clarifying that promoter and director proceedings remain active. Get the day’s tax rulings in your inbox × The case number, coram and counsel for this order are…

The sovereign supremacy test: Reconciling statutory natural resource privileges with IBC's clean slate doctrine – Bar and Bench

The sovereign supremacy test: Reconciling statutory natural resource privileges with IBC’s clean slate doctrine  Bar and Bench Read the original article here

Used car giant OzCar collapses into administration, 90 workers sacked – Gold Coast Bulletin

Used car giant OzCar collapses into administration, 90 workers sacked  Gold Coast Bulletin Read the original article here

Luxury party boat’s ex operator sinks with $4.5m debts – Adelaide Now

Luxury party boat’s ex operator sinks with $4.5m debts  Adelaide Now Read the original article here

Luxury party boat’s ex operator sinks with $4.5m debts – Herald Sun

Luxury party boat’s ex operator sinks with $4.5m debts  Herald Sun Read the original article here

Another UK travel company closes its doors after 15 years

Another travel company has gone into liquidation (Picture: JUSTIN TALLIS / AFP via Getty Images) A UK travel company specialising in trips to Europe, the Middle East, North America, and North Africa, has officially shut its doors. Global Travel Partners, which has assisted over 100,000 customers over the years, has suspended all services and gone…

Administration List

Global Travel Partners Ltd, a corporate travel management business trading internationally under a company previously known as BME Business Travel Ltd, has entered Creditors’ Voluntary Liquidation with administration firm Yerrill Murphy appointed as liquidators. Key takeaways Global Travel Partners Ltd, a corporate travel management company reportedly serving over 100,000 customers and arranging more than 35,000…

Parents scramble as Edge Early Learning centres permanently close across Brisbane

Devastated families have been left scrambling after multiple Edge Early Learning centres in Brisbane sent letters to families on Monday, advising they will be permanently closing in just two days. The embattled childcare provider, which has run 70 centres across Australia, entered voluntary administration in late August, throwing thousands of families and their care plans…

OzCar enters voluntary administration, 90 jobs lost

Australian used-car retailer OzCar has entered voluntary administration, with 90 employees made redundant and four company-owned dealerships closed immediately. Glen Kanevsky and Jason Tracy of restructuring firm Alvarez & Marsal have been appointed as voluntary administrators by the company’s secured creditor. The closures affect company-owned sites in Lansvale, Penrith, Cardiff and Gosford, all in New…