Winding up of a company is a critical legal process that marks the closure of a business entity, leading to the liquidation of its assets, settlement of liabilities, and formal dissolution. This process can be initiated voluntarily by the company’s shareholders and creditors or compulsorily by the National Company Law Tribunal (NCLT) due to insolvency,…
A Great Yarmouth-based printer with a history stretching back to 1870 has ceased trading and is set to enter liquidation. Specialist business rescue and insolvency company McTear Williams & Wood has been engaged to assist Bendart Ltd, which traded as Blackwell Print, with a view to placing the company into liquidation. The firm said Blackwell,…
‘Beyond the Gates’ Spoilers are ready to set the stage for the show’s second week and we have some fun weekly spoilery goodies to share. Week one was awesome, and the second week of Monday, March 3 to Friday, March 7 has some big shoes to fill. The best part is it looks like they’ll…
Zomato, the online food delivery platform announced a consolidated profit of Rs 36 crore for the second quarter ending in September 2023, propelled by robust growth in its revenue. In the same quarter of the previous financial year, the company had posted a loss of Rs 251 crore. During the current quarter, the revenue from…
Lucknow: In 2008, Ajay Verma and his two relatives had invested Rs 1 crore to buy three flats in Sushant Golf City. Even after a long and agonising wait of 16 years, none of them got the flats. The officials of Ansal API — the developer handing the Sushant Golf City project — kept giving…
Hong Kong actor Vinci Wong has been declared bankrupt by the city’s High Court. Judge Jack Wong Kin-tong made the order against the 54-year-old on Tuesday (March 3), where the debtor was absent from the hearing. Wong, who served as the chairman of Tung Wah Group of Hospitals in 2018 and 2019, filed for bankruptcy in…
Malaysia federal court rejects enforceability of overseas casino credit debt in NagaCorp-linked case Asia Gaming Brief Read the original article here
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What’s happening at Star Entertainment? Voluntary administration? Can the company recover? ReadWrite Read the original article here
One of the companies behind travel tech firm Snowfall has gone into liquidation with debts of almost £10.5 million, leaving employees and companies in the travel space severely out of pocket. However, the overall organisation continues to operate as Junction following a rebrand and “full reset” last month. Global Transport Solutions Limited (GTS), which was…