The parent company of Masham’s Black Sheep Brewery has filed another notice of intention (NOI) to appoint administrators, in a fresh attempt to keep the business on life support. Keystone Brewing Group, which also owns Hofmeister and several other brewers, including Leeds-based North Brewing Co, Huddersfield-based Magic Rock and Warwickshire’s Purity Brewing Co, filed three…
Produce Buying Company (PBC) Limited The Produce Buying Company (PBC) Limited faces complete bankruptcy according to auditors who analyzed the state owned enterprise’s 2024 financial statements, marking a catastrophic deterioration from an already critical situation just one year earlier. Adom Boafo and Associates, the company’s independent auditors, issued a qualified opinion on financial statements for…
New Delhi, Jan 15 (PTI) The Supreme Court on Jan 15 ruled that homebuyers’ societies or Resident Welfare Associations (RWAs) ordinarily constituted for maintenance and management of common facilities in a housing project cannot intervene in the insolvency proceedings of the developer company. The Supreme Court on January 15 ruled that homebuyers’ societies or RWAs,…
As tourist numbers in many parts of the world continue to reach new heights, many smaller companies selling tours and various holiday packages have been having a difficult time staying afloat amid a multitude of competitors and the ease of self-booking everything online. Tour operators Great Little Escapes and Jetline in the United Kingdom both shut…
Debt collectors have the option to sue you over unpaid balances, but filing a lawsuit still needs to make financial sense. Nuttawan Jayawan/Getty Images Credit card delinquencies have climbed to their highest levels in over a decade as borrowers continue to struggle under the weight of persistent inflation and elevated interest rates. Despite the Federal…
The Supreme Court on Thursday ruled that homebuyers’ societies or Resident Welfare Associations (RWAs) ordinarily constituted for maintenance and management of common facilities in a housing project cannot intervene in the insolvency proceedings of the developer company. A bench of justices JB Pardiwala and R Mahdevan, which upheld the insolvency proceedings related to Takshashila Heights…
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“The Society is not a party to the financial transaction forming the substratum of the Section 7 application. Hence, no statutory right of appeal inheres in the appellant,” it said, adding that the NCLAT’s decision absence of locus standi rests on sound legal footing. “Permitting such intervention would undermine the expeditious and structured insolvency framework…
Supreme Court rules RWAs can’t intervene in insolvency of developer firms. Upholds IBC code, protects homebuyer rights. New Delhi, Jan 15 (PTI) The Supreme Court on Thursday ruled that homebuyers’ societies or Resident Welfare Associations (RWAs) ordinarily constituted for maintenance and management of common facilities in a housing project cannot intervene in the insolvency proceedings…
New Delhi, Jan 15 (PTI) The Supreme Court on Thursday ruled that homebuyers’ societies or Resident Welfare Associations (RWAs) ordinarily constituted for maintenance and management of common facilities in a housing project cannot intervene in the insolvency proceedings of the developer company. A bench of justices JB Pardiwala and R Mahdevan, which upheld the insolvency proceedings…