Foresea Limited targeted businesses with hospitality tickets for the British Grand Prix The company is connected to three similar scam businesses shut down following Insolvency Service investigations. Foresea Ltd was wound-up at the High Court in Manchester on 12 February 2025. A company which offered businesses British Grand Prix hospitality packages they never actually had…
Foresea Limited targeted businesses with hospitality tickets for the British Grand Prix The company is connected to three similar scam businesses shut down following Insolvency Service investigations. Foresea Ltd was wound-up at the High Court in Manchester on 12 February 2025. A company which offered businesses British Grand Prix hospitality packages they never actually had…
(Statehouse) – Help could be on the way for Hoosiers dealing with medical debt. The Senate Health and Services Provider Committee unanimously passed Senate Bill 317 after several major rewrites. If passed and signed into law, Senate Bill 317 would require all Indiana hospitals to give patients information about charitable assistance and payment plans. The…
KUALA LUMPUR (Feb 13): VS Industry Bhd (KL:VS) said water filtration system maker NEP Holdings (M) Bhd has been placed under liquidation after the Court of Appeal dismissed NEP’s appeal against the High Court’s decision to dismiss their application for a stay of a winding up order. “Following this, NEP’s liquidators have obtained the certificate…
NCLT Mumbai Issues Insolvency Plea Notice To Future Enterprises Ltd BW Legal World Read the original article here
The Kerala High Court yesterday (on February 12), observed that during the Corporate Insolvency Resolution Process, initiation of cheque dishonour proceedings, due to the moratorium, is prohibited only against the corporate debtor and not against the persons referred under Section 141 of the Negotiable Instruments Act (N.I. Act). In other words, the accused persons in…
The “Khun Soo Rao Chuay” debt relief program, or “You Fight, We Help,” has attracted over 500,000 registrants, with the application deadline set for the end of February. Backed by 48 financial institutions, the initiative aims to assist debt-burdened individuals. Deputy Government Spokesperson, Sasikarn Wattanachun, highlighted two main components of the program. Key Takeways The…
(Feb 13): EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected of fraud weighs a potential liquidation. The cuts began recently and more reductions are set to follow, people familiar with the matter said, asking not to be identified as the matter is private.…
EFishery Cuts About 90% of Jobs as Potential Liquidation Looms Bloomberg Read the original article here
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant reforms to enhance liquidation outcomes under the Insolvency and Bankruptcy Code (IBC). With more companies being successfully resolved and a decline in liquidations, the regulator is focusing on improving realisation for claimants and streamlining the liquidation process. IBBI Chairman Ravi Mital, in the board’s…