‘Hardest choice’: Founders of collapsed eco start-up speak out – Herald Sun
‘Hardest choice’: Founders of collapsed eco start-up speak out Herald Sun Read the original article here
US buyer Air T to rescue collapsed airline Rex from administration
Rex looks set to be saved from administration, with US aviation company Air T reportedly landing a deal to take over the beleaguered regional airline. It has continued flying regional routes after being bailed out by the federal government to the tune of $130 million, but now looks set to exit administration. Rex looks set…
Interest Liability Shall Not Cease Merely Because Default Of Principal Amount Fell During S.10A Period: NCLT Mumbai
The National Company Law Tribunal (NCLT) Mumbai bench admitted a petition under section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by Unity Small Finance Bank Limited against Bafna Motors Private Limited holding that defaults committed after section 10A period are sufficient to trigger Corporate Insolvency Resolution Process (CIRP). It further held that…
IBBI Notifies Insolvency Resolution Process For Corporate Persons (Sixth Amendment) Regulations 2025
On October 14th 2025, the Insolvency and Bankruptcy Board of India (IBBI) has issued Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025. By exercising its power conferred by virtue of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016, the IBBI has released…
Croftpak debts top $914,000: liquidators
Liquidators are counting up the debts of Christchurch glass and plastic jar supplier Croftpak Ltd as estimates climb to more than $914,000. Unsecured creditors are unlikely to be repaid as the company is short on funds to cover debts to 39 creditors. Rodgers Reidy insolvency practitioners Lynda Smart and Derek Ah Sam were appointed liquidators…
Why did Joe Delucci’s go into liquidation?
Earlier this month, Food Manufacture revealed that ice cream supplier Joe Delucci’s Ltd had appointed liquidators. Managing directors and insolvency practitioners Andrew Watling and Duncan Beat from business advisory firm Quantuma, were appointed as liquidators for the West Midlands-based business on 25 September 2025. The company has had a number of administrations over the last…
Business insolvencies fall by 1.7%
Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales fell by 1.7% in August 2025 to a total of 2,048 compared to July 2025’s total of 2,083, and increased by 5.9% compared to August 2024’s figure of 1,933. The insolvencies consisted of 281 compulsory liquidations, 1,578…
REVEALED: Liquidator appointments for businesses in the Hobart council area for October 20 – The Mercury
REVEALED: Liquidator appointments for businesses in the Hobart council area for October 20 The Mercury Read the original article here
Laure Ferrari’s Company Liquidated Amid Financial Irregularities
Laure Ferrari’s company, Baxter Laois Limited, recently faced liquidation amidst allegations of financial irregularities. This development follows the company’s striking off from the Companies House, carrying debts estimated at £11,000. Adding layers to the situation, Ferrari is reportedly under scrutiny for a fraud investigation related to the Institute for Direct Democracy in Europe (IDDE), a…
NCLT Admits Insolvency Plea Against BluSmart Mobility Tech Filed By Lepton Software – BW Disrupt
NCLT Admits Insolvency Plea Against BluSmart Mobility Tech Filed By Lepton Software BW Disrupt Read the original article here