Company liquidation numbers remain high as tax debt collection has intensified following a more lenient approach taken during the Covid years. Photo: RNZ/Nick Monro Credit trends are improving, though the number of company liquidations remain high as tax debt collection has intensified following a more lenient approach taken during the Covid years. Credit reporting service…
Introduction The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis. CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following…
29 September 2025 IRS rules that REIT may make liquidating consent dividend The IRS ruled that a real estate investment trust (REIT) with debt in excess of its inside asset basis may make a consent dividend under IRC Section 565 in the year of its liquidation, and should include the consent dividend in calculating its…
India’s anti-trust regulator, Competition Commission of India (CCI), on Tuesday (September 30) granted in-principle approval to Naveen Jindal-led Jindal Power Ltd to acquire debt-laden Jaiprakash Associates Ltd (JAL), subject to winning the ongoing insolvency bid. The move comes as part of CCI’s clearance for resolution plan submissions under the Insolvency and Bankruptcy Code (IBC). “Commission…
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A liquidator has been appointed to four companies controlled by Paddy McKillen Jr after a creditors’ meeting last Friday. Accountant Cormac Mohan was approved as liquidator of the four non-trading companies called Ingaro Ltd, a former Oakmount management company; Beautiful Oak Ltd, another small management company; Tomose Ltd, the former Union Café operating…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Kontafarma China Holdings Ltd ( (HK:1312) ) has issued an announcement. Kontafarma China Holdings Ltd announced the potential winding up of its associate, True Concept Ltd, due…
The Mansi Brar Judgment – Reaffirming the Pioneer Principle and a push towards crucial reforms in real estate insolvency Cyril Amarchand Mangaldas Read the original article here
Middlefield Canadian Income PCC – Publication of Circular in connection with the Recommended Proposals for the Reconstruction and Summary Winding-up of the Company and Fund The Manila Times Read the original article here
Many businesses and industry groups are currently advocating for the Treasurer to extend the temporary six month exemption from insolvent trading liability for directors – due to expire on 25 September 2020 – and to also adopt other interim relief measures such as a prohibition on liquidators recovering unfair preference payments to creditors. It had…