Low IBC recoveries are a worry. But solutions lie in cutting court delays, not blaming CoC – ThePrint

Liquidation

There are concerns that lenders have had to take largehaircutson firms that go through the Corporate Insolvency Resolution ProcessorCIRPunderthe Insolvency and Bankruptcy Codeor IBC. The unease over low recoveries resulted in the National Company Law Appellate Tribunal, orNCLAT,orderingrestartingof aconcludedresolution processof Videocon Industries in January this year. Revisitingcommercial decisions taken by the Committee of Creditors (CoC)…

Waikato River ferries firm in liquidation, after city’s $1.6m jetty upgrade – Stuff

Liquidation

MARK TAYLOR/Stuff Darren Mills of Waikato Explorer Ltd at the city jetty in Hamilton earlier this year. Hes now working for wages in Wellington. Hamiltons river ferries firm is sunk financially, and had no other choice but voluntary liquidation after it failed to sell, raising questions about recent ratepayer-funded jetty upgrades. Waikato Explorer Ltd has…

A/NZ cyber roll-up Optic Security sold out of administration – Reseller News

Liquidation

Mark Lloyd (Optic Security Group) Credit: Supplied Optic Security, a trans-Tasman cyber security firm created in 2018 by rolling up existing businesses, has been sold out of voluntary administration. Optic Security Group Ltd was the 100 per cent shareholder of Optic Security Finance Group which in turn owned four New Zealand and two Australian subsidiaries.…

Corporate Restructuring Advisory Market Is Expected To Grow At A CAGR Of 6.3% and Reach a Valuation of US$ 44.5 Billion by 2033 By Fact.MR – GlobeNewswire

Restructuring

Rockville, Dec. 06, 2022 (GLOBE NEWSWIRE) — Corporate Restructuring Advisory Market Is Expected To Grow At ACAGR Of 6.3%and Reach a Valuation ofUS$ 44.5 Billionby 2033 By Fact.MR Adverse economic and business environment will keep the momentum high for corporate restructuring advisory services providers Fact.MR, a market research and competitive intelligence provider, reveals that the…