Insolvency Guardian Media Centre
Today, ActionSA moved an amendment to the Municipality’s full and final settlement debt relief programme, which seeks to assist households and businesses struggling with historical municipal debt. The programme, approved by Council, will be effective from today until 30 June 2025.
In our proposed amendment, we called for the extension of the programme’s deadline to 14 August 2025 -90 days from the date of Council approval -.
This extension would allow the Municipality adequate time to communicate the details of the programme to residents and business owners, ensuring that those in financial distress are fully informed and able to take advantage of the relief measures, furthermore, it would afford municipal officials the necessary time…
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Affimed shares to be delisted from Nasdaq after insolvency filing Investing.com Australia
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End of the road for KleuterZone as court orders final liquidation News24
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Bond providers are the latest casualty of the collapse of Andrew Roberts’ building empire, with the billionaire putting another company into administration as developer clients ESR and Investa call in guarantees worth tens of millions of dollars on their stalled projects.
Roberts Co Australia, which the businessman put into administration last week, faces claims by a unique group of creditors – the providers of security bonds that the building companies took out before starting individual projects, typically worth 5 per cent of the total construction cost.
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Energy bills push UK households to the brink as one in four fear debt help may be needed Banbury Guardian
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Introduction
On 11 March 2025, the Committee to Enhance Singapore’s Corporate Restructuring and Insolvency Regime (the Committee) released its long-awaited report (the Report) on additional reforms to Singapore’s corporate restructuring and insolvency (R&I) landscape. The Report surveys Singapore’s R&I legislative framework, which came into effect in 2018, identifies challenges to its operation and proposes a number of enhancements to bolster Singapore’s attractiveness as a regional and global financial restructuring hub.
This article sets out the background to the Committee and to the Report before exploring each of the reform proposals in detail. It concludes with a reflection on the Report’s significance in…
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Highlights
- The National Company Law Appellate Tribunal has dismissed an insolvency petition against PepsiCo India Holdings, stating that the Insolvency and Bankruptcy Code cannot be used as a debt-recovery mechanism.
- The appellate tribunal upheld the earlier decision by the Chandigarh bench of the National Company Law Tribunal, which rejected SNJ Synthetics’s plea for initiating Corporate Insolvency Resolution Process against PepsiCo.
- The NCLAT ruled that SNJ Synthetics’s claim was not maintainable since the principal debt had been repaid, leaving only a disputed claim for interest.
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Bankrupt Federal Contractor Seeks Fast Sale to Avoid DOGE Threat Bloomberg
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ICAI has suggested implementation of specialized measures to the challenges posed by defunct companies in the corporate insolvency resolution process (CIRP) and streamline the insolvency resolution process. The Insolvency and Valuation Standards Board (I&VSB) of the Institute of Chartered Accountants of India (ICAI) has released a study report on the efficacy of the Insolvency and Bankruptcy Code (IBC), 2016, which highlights these challenges.
The report reveals that defunct companies, characterized by a lack of ‘going concern’ status or prior classification under the Board for Industrial and Financial Reconstruction (BIFR), disproportionately burden the CIRP mechanism, leading to delays and inefficiencies.
Current…
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Hudson’s Bay Company to auction historic artifacts amid liquidation CityNews Calgary
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Kathrine Fredriksen leaves Avance Gas board as new directors brought in for liquidation TradeWinds
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Battery recycler Li-Cycle files for bankruptcy protection in Canada Reuters