Transtar Linehaul the latest operator to enter administration

Image: Jovannig/stock.adobe.com It’s a case of another day and another Australian transport company exiting the industry, with Transtar Linehaul entering administration. On July 7, the New South Wales based operator appointed Hamilton Murphy as administrators, with a first meeting held with creditors yesterday. On Hamilton Murphy’s website, it has also called for expressions…

Pledged Shares Held By Corporate Debtor In Subsidiary Are Its Assets, Can’t Be Invoked During CIRP Due To Moratorium: NCLT Mumbai

The National Company Law Tribunal (NCLT), Mumbai Bench of Lakshmi Gurung (Judicial Member) and Hariharan Neelakanta Iyer (Technical Member) has held that pledged shares held by the Corporate Debtor in its subsidiary company are assets of the Corporate Debtor and, therefore, cannot be invoked by the pledgee during the Corporate Insolvency Resolution Process due to…

Le Coq Sportif ha dichiarato bancarotta

Le Coq Sportif, uno dei brand sportivi più antichi in Francia e in Europa, è entrato in procedura di bancarotta presso il Tribunale Commerciale di Parigi. Una notizia purtroppo annunciata da tempo, visti i tanti problemi finanziari del brand con il Galletto, ora controllato al 75% dal gruppo Airesis, che ha acquistato le quote nel…