New Delhi: The government is proposing to make changes to Indias six-year-old Insolvency and Bankruptcy Code (IBC). Mint examines the relevance of the game-changing reform to the economy, and why the changes are necessary now. What was the intent behind framing IBC? The IBC, which was enacted in 2016, came at a time of mounting…
Corporate Insolvency Service Market Outlook 2030 According to a comprehensive research report by Stratagem Market Insights, “Corporate Insolvency Service Market Information by Type, Application, And Region – Forecast till 2030”, the market is estimated to grow at a significant CAGR by 2030. The report will provide one with an overall market analysis, statistics, various trends,…
Online furniture retailer Brosa is up for sale after the business was placed in voluntary administration this week. Richard Tucker and Michael Korda of KordaMentha were appointed Voluntary Administrators of the 8-year-old ecommerce company, which raised more than $7 million in venture capital from the likes of Airtree and ASX-listed Bailador Technology Investments. While Bailador…
A bankruptcy court has admitted the listed MT Educare, formerly known as Mahesh Tutorials, into the corporate insolvency resolution process (CIRP) and appointed Ashwin Bhavanji Shah as the interim resolution professional for the Mumbai-based coaching firm. The Mumbai bench of the National Company Law Tribunal (NCLT) allowed the companys operational creditor Connect Residuary to initiate…
New EU regulations mean directors of financially stressed companies must have regard to the interests of creditors, writes Ian Barrett, Managing Director in KPMG’s Restructuring Team. Recently, there has been much commentary on the prospect of a large increase in company insolvency arising from the Covid-19 pandemic, along with an increasingly turbulent macroeconomic environment. The…
A surge of interest from potential buyers could bail out embattled online luxury furniture retailer Brosa after the Melbourne-based company went into voluntary administration last week. Richard Tucker and Michael Korda of KordaMentha have been appointed as voluntary administrators for Brosa, which received more than 30 enquiries to buy out the company. Founded in 2014…
This report studies theCorporate Insolvency Service Market Marketwith many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Corporate Insolvency Service Market Market analysis segmented by companies, region, type…
Brosa, the upmarket online furniture brand, has been placed in voluntary administration, citing a decline in trade since Covid-19 restrictions enabled consumers to shop at physical stores again. Last February, Brosas co-founder and CEO Ivan Lim told Inside Retail the business grew more than 100 per cent last financial year, in line with other online…
Online furniture retailer Brosa is up for sale after the business was placed in voluntary administration this week. Richard Tucker and Michael Korda of KordaMentha were appointed Voluntary Administrators of the 8-year-old ecommerce company, which raised more than $7 million in venture capital from the likes of Airtree and ASX-listed Bailador Technology Investments. While Bailador…
Small businesses should have better access to debt hibernation instead of being made insolvent when they face a crisis beyond their control, so they are better able to pursue a credible restructure, save jobs and rebuild, according to the Australian Small Business and Family Enterprise Ombudsman, Bruce Billson. It is one of several recommendations made…