Navigating Financial Pressures: Aryza's Insights on Q1 2025 Insolvency and Lending Trends – ACCESS Newswire
Navigating Financial Pressures: Aryza’s Insights on Q1 2025 Insolvency and Lending Trends ACCESS Newswire Read the original article here
Dentons – Stormy seas ahead for charities
Leaving Dentons Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons’ Preferred Law Firm in China, with offices in more than 40 locations throughout China.…
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No Provision Under IBC Mandating Resolution Professional To Share Valuation Report With Suspended Management Of Corporate Debtor: NCLAT
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Barun Mitra (Technical Member) has held that there is no provision in the Insolvency and Bankruptcy Code, 2016 (Code), that mandates the valuation report to be shared with the suspended management of the Corporate Debtor. Therefore, the…
Vinyl Me, Please confirm they’ve gone into liquidation
Vinyl Me, Please has confirmed that it has entered liquidation. It comes as news of the company struggling was first shared by the Denver Post. In the report, several customers came forward to say that they had filed complaints against VMP, accusing them of not sending out paid orders, ignoring questions and enquiries, and not…
Mothercare to end UK Boots deal, India JV helps cut debt, Middle East sales drop
Mothercare issued a fairly downbeat full-year update on Thursday with the parent-and child retailer saying the 52 weeks to 29 March saw falling sales. Mothercare UK The comparison period was a 53-week one with unaudited worldwide retail sales by franchise partners of £231 million for the latest year, a decline of 18%. In constant currency…
Utah teen raises $2500 to help erase school lunch debt in his own community
COTTONWOOD HEIGHTS, Utah — The ongoing school lunch debt issue affecting Utah students has led to tens of thousands of dollars being donated by members of the community. Even students themselves are helping their peers. David Hafner, a junior at Alta High School, is one of those students and is being recognized as the Smith’s…
Photo reveals grim reality after Aussie business collapses after 24 years – Yahoo
Photo reveals grim reality after Aussie business collapses after 24 years Yahoo Read the original article here
Settlement secured for liquidated training firm after five years
A settlement has been reached with creditors for multiple businesses linked to Birmingham Pride festival director Lawrence Barton. It brings a five-year saga to an end after the collapse of Barton’s training business, GB Training, which owed £8.4m to creditors. Liquidator Kevin Mawer and Barton have secured an undisclosed agreement that will allow for a…
NCLAT dismisses insolvency plea against PepsiCo; says IBC can’t be invoked only for repayment of interest
The NCLAT held that SNJ’s insolvency petition under Section 9 (concerning operational debts) of the Insolvency and Bankruptcy Code, 2016 (IBC) was not maintainable since the principal amount of the debt claimed from PepsiCo had already been repaid and only a disputed claim for interest remained. A three-member Bench of Justice Ashok Bhushan (Chairperson), and…