Renowned Scottish fashion company placed into liquidation

Scottish Borders-based Queene and Belle Limited agreed a resolution at a meeting chaired by Angela Bell “that the company be wound up voluntarily” and that a liquidator is appointed. Richard Gardiner, of Thomson Cooper, was appointed liquidator “for the purpose of such winding up”. Read More Queene and Belle Limited, described by Companies House as operating a “creative design”…

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Fleeing conman’s firm placed in liquidation

A Dunedin businessman who fled the country while subject to an Immigration investigation has now had his business placed in liquidation, owing more than $50,000. Dalliston Dias and his company Level Up Decorators Ltd were repeatedly hauled before the Disputes Tribunal over recent years over substandard or incomplete work. The Otago Daily Times spoke to a string…

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NCLAT reaffirms project-specific insolvency proceedings against realty firms, ETLegalWorld

The National Company Law Appellate Tribunal has reaffirmed that insolvency proceedings initiated by homebuyers against realty firms must remain confined to the specific project where default has occurred and cannot extend to other projects of the corporate debtor. The appellate tribunal highlighted that putting all other projects of the realty firms, which are unrelated to…

The Insolvency and Bankruptcy Code 2.0 explained

In today’s Finshots, we oversimplify the new amendments to the Insolvency and Bankruptcy Code (IBC). But just a heads up before we dive in. This is one of those stories that’s going to be a long read. Also, this weekend, we’re hosting a free 2-day Insurance Masterclass that helps you build real financial security by understanding health…