NCLT Allowed to Initiate Insolvency Proceedings Against Sujana Chowdary – Deccan Chronicle

Hyderabad: The Hyderabad bench of the National Company Law Tribunal (NCLT) has given the green signal to initiate insolvency proceedings against BJP leader and former MP Sujana Chowdary. It issued an order to this effect on Thursday and appointed a bankruptcy resolution professional (resolution professional). The NCLT bench also barred Sujana Chowdary from alienating, transferring…

Australia regulator flags surge in company insolvencies to 11-year high – The Straits Times

BENGALURU Australias corporate regulator said on April 18 that it expected the number of companies falling into insolvency to reach an 11-year high, with the construction and hospitality industries the worst hit, according to its latest insolvency data. In the nine months to March 31, 7,742 companies had entered administration, up 36.2 per cent from…

ASIC insolvency data shows increase in companies failing – The National Tribune

ASICs latest insolvency data for the nine-month period from 1 July 2023 to 31 March 2024, released today, shows an increase in the number of Australian companies failing. During the period, 7,742 companies entered external administration, a 36.2% increase on the previous corresponding nine-month period ending 31 March 2023. Out of these external administrations, construction…