The company argued that though all relevant laws were considered, yet, IBC was simply overlooked by the government while formulating and drafting Manual for Procurement of Works, 2022. The Delhi High Court has asked the Centre to revisit its bid conditions that impose blanket ban on the companies having undergone corporate insolvency resolution process in…
There were 14 company insolvencies registered in Northern Ireland in July, which was down 30% on the same month last year, data from the Insolvency Service shows. The total number of company insolvencies was comprised of one compulsory liquidation (this happens when a company is forced to close when it cannot pay money owed to…
Retailer Smiths City has “temporarily” closed all of its stores after being placed in voluntary administration. Smiths City staff were called into a meeting at 9am on Tuesday and informed of the decision. All nine remaining Smiths City stores across New Zealand and its online shop have now been “temporarily closed for business” to assess…
THE BRITISH and Irish Lions tour to Australia helped wipe out Rugby Australia’s crippling debts and allowed them loom at creating a new investment fund for the sport down under. The Lions tour is expected to generate around $100 million Australian dollars (€55m) which will help lift the dark financial clouds over rugby in Australia…
By Drew Dietsch | Published 3 days ago The Toxic Avenger remake is out in theaters right now. Since it was an unrated release on just under 2,000 screens, it didn’t exactly bust the box office wide open. The scuzzy sendup of superheroes opened in the #11 spot and only managed to take in $2.2…
A petition to wind up Sizzler Pizza Ltd, which trades from 19 Church Street in Wellington, was lodged by creditors in August, before the firm went into voluntary liquidation on August 20. The take-away offers a range of kebas, pizzas and American style “smash burgers” along with sides, milkshakes and deserts, and also sells via…
Newtown Creative Ltd traded under the name Teals Prairie International, advertising as “expert gift builders”. It sold products such as personalised wooden boxes through Amazon and Etsy. But during a meeting on August 4 at its principal address in Saltpans, Charlestown, it was decided that the company would be voluntarily wound up. Joe Whiley, of Insolvency Direct Limited in…
Aryza Announces Strategic Acquisition of Bravure to Expand Digital Collections and Debt Sale Capabilities Aryza, a leading global provider of credit and debt lifecycle SaaS solutions, is pleased to announce the acquisition of Bravure, a market leader in technology enabled debt sale and recovery solutions. Based in Sydney Australia, this strategic acquisition reinforces Aryza’s commitment to…
Ghana has dealt with a debt crisis since the early 2000s, originating from a long history of colonialism. Although it was one of the first African countries to gain independence in 1957, Ghana continues to depend on the export of raw materials such as gold, oil and cocoa. When global commodity prices declined in the…
SG cinema chain Cathay Cineplexes shuts down, enters into voluntary liquidation marketech apac Read the original article here