Visit Cornwall enters voluntary liquidation

“We work closely with the team, and their work and dedication have been greatly appreciated by visitors, partners, and the wider community for the last 10 years. At this time, our thoughts are with the team, and all those connected with Visit Cornwall – we recognise this is a very difficult period for them.” Read…

Why Dunzo failed to defend itself against insolvency petition

The National Company Law Tribunal (NCLT), Bengaluru Bench, on 6 August admitted Quick-commerce startup Dunzo Digital Private Limited into the Corporate Insolvency Resolution Process (CIRP). The order was passed today in response to a petition filed by Velvin Packaging Solutions Pvt. Ltd., an operational creditor, over a default of ₹2.29 crore. The tribunal, comprising Judicial…

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Company used as front for unlicensed insolvency activities is shut down

A Manchester-based company has been shut down after investigations revealed it was acting as a front to enable unlicensed insolvency activities previously carried out by another firm. Davis Acquisitions Ltd became the director of 78 client companies previously associated with Save Consultants Ltd, allowing directors to transfer control and avoid formal insolvency proceedings.  Websites of…

Judges call for speedy courts, ADR, international models for insolvency reform

Legal and insolvency experts have urged Nigeria and other African countries to strengthen their insolvency frameworks by integrating alternative dispute resolution (ADR) mechanisms, fast-tracking judicial processes, and adopting cross-border cooperation strategies to attract investment and enhance economic resilience. Speaking at a session organised by the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN), judges…