Sprick the next big name on the list of insolvencies – Bike Europe
Sprick the next big name on the list of insolvencies Bike Europe Read the original article here
China's Shimao drops 15% after developer receives liquidation petition – Reuters
China’s Shimao drops 15% after developer receives liquidation petition Reuters Read the original article here
Family-run car dealer closes down at Christmas as 24 people lose jobs over festive period – Car Dealer Magazine
A family-run car dealer has closed down suddenly, leading to 24 staff members being made redundant just days before Christmas. Blackdown Motor Company has been selling cars across Somerset for more than 50 years but has now ceased trading after facing ‘extremely challenging conditions’. Records on Companies House show that an extraordinary resolution to wind…
‘Non-starter’: California Democrats blast GOP’s fire trade – POLITICO
‘Non-starter’: California Democrats blast GOP’s fire trade POLITICO Read the original article here
Court picks Gakuru as liquidator for Countryside Dairy amid insolvency proceedings
NAIROBI, Kenya, Jan 14 – The High Court has appointed Mark Gakuru as the liquidator for Countryside Dairy Limited, a move that marks a step in the company’s insolvency proceedings. The appointment, made via Gazette Notice, took effect on November 21, 2024, under the provisions of the Insolvency Act, 2015. According to the High Court,…
Preparation is key in second charge debt consolidation applications – The Intermediary
Debt consolidation and better financial management are hot topics at the start of every new year. This is especially true for those borrowers who may have overspent during the festive season and find themselves with increased debt and higher credit card bills in January. Tougher economic conditions, increased living costs and a higher interest rate…
Eviction of Tenant from Corporate Debtor’s Property Cannot be Sought Under u/s 60(5) of IBC
It was viewed that there has been no change of the tenancy rights of the Appellants by way of a contract and the law which is to operate in respect of termination of tenancy are the provisions of the Act and not the Code The New Delhi Bench of the National Company Law Appellate Tribunal…
Employee Claims and Ongoing Verification
Byju’s corporate insolvency resolution process (CIRP) disclosed important claims made by workers. These workers are demanding unpaid debts. Together, these workers—who are also operational creditors, have submitted claims totaling ₹177.5 crore. However, Pankaj Srivastava, is the selected dispute resolution professional (RP). He has only provisionally admitted a small portion of these claims₹32.56 crore. Breakdown of…
Pete Rose discusses gambling debt with Dayton bookie in secret recording
In January, 1986 Dayton bookie Richard “The Skin Man” Skinner secretly recorded a conversation with Cincinnati Reds legend Pete Rose about Rose’s gambling debt to Skinner. Dayton Daily News reporter Wes Hills obtained the recording in 2002 from U.S. District Court in Dayton after it was seized during a raid of Skinner’s home several years…
Pakistan calls for debt relief to address climate change, economic distress
Pakistan Pakistan calls for debt relief to address climate change, economic distress … Read the original article here