Higher interest rates and weaker demand strain corporate balance sheets across the region. Corporate insolvencies across Asia-Pacific are rising as tighter credit conditions, elevated interest rates and slowing demand converge to pressure companies already weakened by years of economic shocks. The increase comes despite broader global resilience and stands in contrast to Gulf economies, where…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
An Australian travel start-up which helped people perform the difficult task of purchasing an international train ticket has gone out of business. Metro 1 Travel and Technology Pty Ltd which ran little-known train booking platform ‘Rail Online’ has gone under with $2.7million in debt. Administrators put the company into liquidation on New Year’s Eve while…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved a resolution plan, bringing the corporate insolvency resolution process to a close after it received unanimous approval from the committee of creditors. The order relates to Latakisan Construction Private Limited, in respect of which an application was filed by the Resolution Professional seeking…
The National Company Law Appellate Tribunal (NCLAT) Principal Bench at New Delhi, has upheld the admission of a Section 7 application under the Insolvency and Bankruptcy Code, 2016, holding that a financial default which crystallised prior to 25 March, 2020, is not protected by the statutory bar under Section 10A, even where the underlying loan…
Major creditor of Krrish Transworks Colombo files for Krrish Transworks’ winding-up Investor invitations likely once liquidator identifies company’s liabilities The Krrish Square project is expected to be stuck in limbo until the liquidation processes relating to Krrish Transworks Colombo Ltd. are completed, according to sources from the Urban Development Authority (UDA). The Sunday Morning Business…
Another South Island pet food company in voluntary liquidation The Press Read the original article here
PSV Holdings Limited will officially exit the Johannesburg Stock Exchange (JSE) after enduring nearly six years of financial distress, business rescue attempts, and eventual liquidation proceedings. Founded in 1998, PSV Holdings operated as an industrial engineering group, supplying essential industrial products such as steel and tools, alongside specialized services like gas systems. Its diverse client…