Unpacking the credit mechanics of infrastructure debt | Insights | Macquarie Asset Management

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Dissolved company investigations – GOV.UK

A company can be dissolved for different reasons. It might be voluntarily dissolved by its directors when it is not required any more (even if the company is insolvent) or by Companies House if they believe the company is not carrying on business or in operation. If a company has entered into formal insolvency proceedings…

Renewable fuel company folds owing nearly $3.5m

Christchurch-registered renewable fuel company NXT Fuels has folded owing nearly $3.5 million after shareholders refused to prop up another loss. The company was formed in October 2005, developing projects converting initially algae and then biomass feed stocks into bio-energy and carbon efficient products. Shareholders who had supported the company to continue operating finally had enough…

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Liquidation Of Corporate Debtor Can Be Ordered If Successful Resolution Applicant Cannot Obtain Necessary Approvals Within One Year: NCLAT

The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Arun Baroka (Technical Member) and Mr. Barun Mitra (Technical Member) has held that when a successful resolution applicant fails to obtain all necessary approvals within one year from the date of approval of the resolution plan— as mandated…