The Insolvency and Bankruptcy Board of India (IBBI) recently suspended an Insolvency Resolution Professional (RP) for a period of one year, noting that they had been found negligent in liquidation, which led to an unjustified delay in conducting the process. The disciplinary proceeding, initiated under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC)…
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“After careful consultation with the IRD [Inland Revenue Department] and a thorough review of recovery options, we determined that voluntary liquidation was the most responsible course of action.” Black Pineapple has served hundreds of thousands of cocktails at events throughout New Zealand and more than 18,000 cocktail boxes have been delivered via e-commerce since 2017.…
A series of decisions on solutions and company conversions were taken by the competent authorities, approving six company solutions and two conversions of corporate forms. In detail: The Chamber of Dodecanese approved the solution, the commencement of liquidation and the appointment of liquidators of the Société Anonyme with the name “Thomas Hotel Anonyme Etaireia”, in…
Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales increased by 7.9% to 2,238 in May 2025. when compared to April 2025 (2,074) and 15% higher than the same month in the previous year (1,946 in May 2024). The insolvencies consisted of 354 compulsory liquidations,…
GVK Power & Infrastructure Reports Q1 Results Amid Corporate Insolvency Resolution Process scanx.trade Read the original article here
Ansal Properties’ Creditors Approve Key Appointments Amid Insolvency Process scanx.trade Read the original article here
Amendment to the Insolvency and Bankruptcy Code (IBC) The proposed amendment to the IBC aims to enhance the efficiency and governance of insolvency processes while aligning with international best practices. The amendment seeks to address various challenges faced by the current framework. Key Objectives Reduce procedural delays and maximize stakeholder value. Introduce out-of-court mechanisms for…