While allowing the bankruptcy applications filed by Kerala Financial Corporation against personal guarantors, the Kochi bench of National Company Law Tribunal (NCLT) has held that the provisions of the Limitation Act, 1963, apply to proceedings under the Insolvency and Bankruptcy Code, 2016, and has condoned the delay in filing the applications. The applications were filed…
NEW DELHI: In a major relief to realty firm Mahagun, the National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against it and directed the NCLT to hear the petition afresh, considering the fresh status report filed before it over the projects. A two-member bench of the appellate tribunal said the NCLT should…
Parliament is reviewing a fix for India’s bankruptcy law that promises faster resolutions, but the proposed plan has some fundamental flaws. The Insolvency and Bankruptcy Code (IBC) 2016 is up for a reset under an amendment bill currently being considered by the Lok Sabha. A key proposal is the introduction of an alternative insolvency resolution…
Former AC Milan owner Li Yonghong’s company faces liquidation amid bankruptcy The Standard (HK) Read the original article here
A Seoul court on Monday announced the liquidation of e-commerce platform operator WeMakePrice, two months after terminating the company’s rehabilitation proceedings. WeMakePrice, along with its then sister company TMON, entered court-led rehabilitation proceedings in July last year, after they struggled to make payments to vendors due to liquidity issues. The Seoul Bankruptcy Court in September…
Third Sector Australia Limited, trading as Momentum Collective, has entered voluntary administration, putting the future of 5,000 clients – including 674 receiving Commonwealth Home Support Programme (CHSP) services – under a cloud. FTI Consulting was appointed administrator on 16 October 2025. Published October…
The Indian financial markets are currently witnessing unprecedented volatility in the shares of Future Group entities, particularly Future Enterprises Ltd (NSE: FEL) and Future Consumer Ltd (NSE: FCL). Both stocks have been caught in a relentless cycle of hitting daily circuit limits, oscillating between upper and lower bands, a clear indicator of severe financial distress…
REVEALED: Latest business liquidations in Toowoomba The Chronicle | The Chronicle Read the original article here
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