Insolvency Guardian Media Centre
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An announcement from Epsilon Healthcare Limited ( (AU:EPN) ) is now available.
Epsilon Healthcare Limited has successfully effectuated its Deed of Company Arrangement (DOCA) as of June 26, 2025, marking the company’s official exit from voluntary administration. This significant milestone follows the completion of obligations under the DOCAs for its subsidiaries, Epsilon Clinics Pty Ltd and Epsilon Pharma Pty Ltd, earlier in the year. The company is now focused on rebuilding shareholder value and pursuing strategic and operational objectives,…
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The judicial member of National Company Law Appellate Tribunal, Chennai Bench, Justice Sharad Kumar Sharma, recused from hearing an insolvency matter, after observing that he was approached by “one of the most revered members of the higher judiciary” seeking an order favouring a particular party.
The August 13 order passed by a bench of judicial member Justice Sharad Kumar Sharma and technical member Jatindranath Swain states:
“We are anguished to observe, that one of us, Member (Judicial), has been approached by one of the most revered members of the higher judiciary of this country for seeking an order in favour of a particular party. Hence, I recuse to hear the matter. Place before the Hon’ble chairperson for nomination of an…
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The number of shops that went bankrupt rose sharply between April and July, according to second-quarter retail figures from statistics agency CBS.
In total, 89 shops had to close their doors, compared with 66 in the same period last year. The number of bankruptcies in the economy as a whole fell by 7%, the figures showed.
The cause for the rise is not completely clear but competition from online shops appears to have played a role, CBS economist Marjolijn Jaarsma said. “The bankruptcies are occurring across the high street, and in different segments. Clothes outlets, for instance, have been struggling for a while,” she told the AD.
Established names, such…
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Victoria, NSW tap ‘fast money’ hedge funds for debt capital AFR
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Cosmicnode, a Dutch specialist in wireless control solutions for LED lighting and other applications, has gone bankrupt. The company, based at the High Tech Campus in Eindhoven, the Netherlands, had been operating under the radar for years. Just this spring, when it began to present itself more visibly to the market, it filed for bankruptcy.
Curator Reinoud van Oeijen of Holla Legal & Tax in Eindhoven confirmed the news last week. He explained that Cosmicnode itself had filed for bankruptcy and that a potential restart is now being considered. At the time of filing, the company employed only three people, namely its founders.
Although the curator is still studying the details of the case, he already noted that the…
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A 25-year-old man who assisted in arranging a fake marriage in order to recoup a gambling debt owed to him, has been sentenced to six months in jail.
Lin Jun Hao (transliterated), who was arrested while trying to flee Singapore, faced two charges under the Immigration Act.
According to a report by Shin Min Daily News, the court heard that in late 2021, Lin met a man named Huang Zhi Heng (transliterated).
They often played poker together, and Huang would borrow money from Lin in an attempt to recoup his losses.
One day, Huang asked Lin if he knew anyone willing to enter into a fake marriage with a Vietnamese woman. If the two parties went through with the union, Huang would be able to pay off his debts to Lin.
As he wanted to recover the…
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A 25-year-old man who assisted in arranging a fake marriage in order to recoup a gambling debt owed to him, has been sentenced to six months in jail.
Lin Jun Hao (transliterated), who was arrested while trying to flee Singapore, faced two charges under the Immigration Act.
According to a report by Shin Min Daily News, the court heard that in late 2021, Lin met a man named Huang Zhi Heng (transliterated).
They often played poker together, and Huang would borrow money from Lin in an attempt to recoup his losses.
One day, Huang asked Lin if he knew anyone willing to enter into a fake marriage with a Vietnamese woman. If the two parties went through with the union, Huang would be able to pay off his debts to Lin.
As he wanted to recover the…
Read the original article here
In the ever-evolving landscape of international commercial disputes, the co-existence of arbitration and insolvency-related proceedings has become a focal point. This comparative piece delves into the legal position in three key jurisdictions – Singapore, the United Kingdom, and India – and focuses on the pro-arbitration approach of deferring to the arbitral tribunal and staying (or dismissing) winding up and/or insolvency proceedings pending arbitration.
Legal Position in Singapore
Last year, the Singapore High Court in its decision in Fastfreight Pte Ltd v Bulk Trident Shipping Ltd [2022] SGHC 210 (“Fastfreight”) reinforced the grounds and standard for grant of injunction against winding up proceedings arising from…
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The rise comes amid ongoing economic uncertainty that continues to affect businesses and households across England and Wales.
Corporate insolvencies climbed by 1.4 per cent to 2,081 cases in July, up from 2,053 in June and broadly in line with last July’s figure of 2,078, according to new data from the Insolvency Service.
Kelly Jordan, North East chair of R3, the UK’s restructuring and insolvency trade body, said: “Corporate insolvencies across England and Wales remained broadly stable last month, with the trends showing a rise in compulsory liquidations and a slight uptick in administrations, while creditors’ voluntary liquidations and company voluntary arrangements fell.
“This pattern may suggest that fewer…
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The latest announcement is out from Resource Development Group Limited ( (AU:RDG) ).
Resource Development Group Limited, along with six of its subsidiaries, has entered voluntary administration, with administrators appointed on July 28, 2025. A second meeting of creditors is scheduled for September 1, 2025, to discuss the company’s financial situation. The administrators have made a report available to creditors, indicating the ongoing efforts to address the company’s financial challenges.
The most recent analyst rating on (AU:RDG) stock is…