The Ssense founders have finalized the deal to buy the business out of bankruptcy and restructure its operations, winning out over a group of lenders who had been lobbying for a liquidation. In mid-January, a Canadian court notified Ernst & Young, the business’s monitor, that the bid submitted by the founders, brothers Rami Atallah, Bassel…
Keppel Ltd. Completes Voluntary Liquidation of Subsidiary Key Highlights Keppel Ltd. has completed the member’s voluntary liquidation of its wholly-owned subsidiary, Third Dragon Holdings Pte Ltd. The liquidation process was first announced on 23 May 2025 and has now been finalized as of 19 February 2026. This development is part of Keppel Ltd.’s ongoing efforts…
Logo of Saudi Steel Pipe Co. Saudi Steel Pipe Co.’s board, in a meeting held today, Feb. 19, approved the start of the voluntary liquidation procedures wholly-owned subsidiary, Titanium & Steel Manufacturing Co. Ltd., with SAR 32 million capital. The board also nodded to the appointment of a liquidator, pursuant to the Companies Law and its…
NZ insolvencies hit 15-year high Insurance Business Read the original article here
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Saudi Steel Pipe board nods to subsidiary liquidation ارقام Read the original article here
Navigating financial services insolvency: Insights from Corporate Insolvency, Restructuring ACT, 2020 (ACT 1015) The Business & Financial Times Read the original article here
AuthorAditi Singh|Published at: 19th February 2026, 6:31 pm Overview CMI Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has scheduled its 41st Committee of Creditors (CoC) meeting on February 20, 2026. This procedural announcement highlights the ongoing financial distress and the creditors’ critical role in deciding the company’s fate. The company has been in insolvency…
AuthorAditi Singh|Published at: 19th February 2026, 4:49 pm Overview Reliance Home Finance Limited (RHFL), currently under insolvency proceedings, held its sixth Committee of Creditors (CoC) meeting on February 18, 2026. This meeting is a key step in the Corporate Insolvency Resolution Process (CIRP) where creditors discuss the company’s future. RHFL’s admission into CIRP followed defaults,…
The Supreme Court on Wednesday (February 18) reaffirmed that the remedy under Section 7 of the Insolvency & Bankruptcy Code (IBC) to initiate the Corporate Insolvency Resolution Process (CIRP) is not discretionary but mandatory, leaving the adjudicating authority with no option but to admit the application once the existence of a debt and a default…