Category Archives: Liquidation

Indialaw LLP Strengthens Corporate And Insolvency Practice With The Addition Of Senior Partner Satish Anand Sharma

IndiaLaw LLP has announced the appointment of Satish Anand Sharma as a Senior Partner in its Mumbai office, further strengthening the Firm’s Corporate & M&A, Financial Regulatory, Capital Markets and Insolvency & Bankruptcy practices. Satish brings over 25 years of experience advising corporates, banks, financial institutions, investment funds and NBFCs on complex domestic and cross-border…

NCLT pulls up SpiceJet for last-minute settlement in insolvency case; still defers order

Senior Advocate Kevic Setalvad and advocate Pranay Goel, appearing for creditors in connected petitions, strongly opposed any deferment of the remaining orders. Setalvad argued that a bilateral settlement in one case could not stall orders in matters involving other creditors. “I don’t think, with the utmost respect, that this settlement, coming in at the 18th…

8 Insurers Face Liquidation After Failing NAICOM Recapitalisation Rules

The development follows the conclusion of the insurance industry’s recapitalisation exercise, after which NAICOM issued new licences to 43 companies that met the requirements under the Nigerian Insurance Industry Reform Act 2025. Eight other insurers that failed to meet the requirements now face the liquidation process. NAICOM concludes recapitalisation exercise NAICOM introduced new capital requirements…

Snaphunt AI recruitment platform in liquidation after funding delay

SINGAPORE – Singapore-based AI recruitment platform Snaphunt is being wound up after a planned US$2.8 million (S$3.5 million) funding round was said to have been delayed, leaving it without enough cash to continue operating. The company resolved on July 30 to wind up operations. Tan Wei Cheong and Justin Lim from Deloitte Singapore SR&T Restructuring…

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Leeds freight firm shut down after leaving overseas partners unpaid 

Key takeaways: At least 16 freight companies were left with unpaid invoices. The debts exceeded US$508,000, €334,000 and £25,000. The bills were incurred during a three-month period between August and October 2024. The company belonged to the JCTrans international freight network, which appeared to give it credibility among other members. Investigators said the business could…

Funding during voluntary administration – right of indemnity and liens – ashurstperkinscoie.com

Funding during voluntary administration – right of indemnity and liens  ashurstperkinscoie.com Read the original article here

Top WA hospitality venues enter administration – The West Australian

Top WA hospitality venues enter administration  The West Australian Read the original article here

Streetwear boss pursues collapsed developer over $9.2m loan – The Daily Telegraph

Streetwear boss pursues collapsed developer over $9.2m loan  The Daily Telegraph Read the original article here

REVEALED: Liquidator appointments for businesses in the Brisbane council area for August 17 – The Courier Mail

REVEALED: Liquidator appointments for businesses in the Brisbane council area for August 17  The Courier Mail Read the original article here