Mary Chia Holdings Limited – Update on Court Proceedings and Insolvency Risks Key Highlights Mary Chia Holdings Limited and its subsidiaries are currently embroiled in significant legal proceedings with Fullink Capital Pte. Ltd. Multiple insolvency proceedings have been initiated against the Company and key officers, including the CEO and CFO, as well as a wholly-owned…
Copia faces insolvency petition over unpaid debts Capitalfm.co.ke Read the original article here
UK steel firm set to collapse into liquidation – in business for 11 years MSN Read the original article here
The situation looks bleak and potentially terminal for the Álava-based steel pipe maker company Tubos Reunidos, as its board of directors has informed both the National Securities Market Commission and a court in Vitoria-Gasteiz that it is unable to meet its upcoming financial obligations or debts. ADVERTISEMENT ADVERTISEMENT The company is facing a mounting debt…
The situation looks bleak and potentially terminal for the Álava-based steel pipe maker company Tubos Reunidos, as its board of directors has informed both the National Securities Market Commission and a court in Vitoria-Gasteiz that it is unable to meet its upcoming financial obligations or debts. The company is facing a mounting debt of €263…
Thank you for reading this post, don’t forget to subscribe! Supreme Court of India upheld NCLAT order restoring CoC in Think & Learn Private Limited insolvency. Bench of Justice JB Pardiwala and Justice Vijay Bishnoi dismissed appeal by Byju Raveendran. The Supreme Court of India on Monday refused to interfere with an order of the…
UK steel firm set to collapse into liquidation – in business for 11 years MSN Read the original article here
The Supreme Court of India has set aside a judgment of the National Company Law Appellate Tribunal (NCLAT) and restored the resolution plans for stalled real estate projects of Earth Infrastructures Limited (EIL). In a significant ruling, the Court applied the doctrine of “piercing the corporate veil” to hold that the assets of subsidiary companies…
South Africa is expected to see business insolvencies reach 1,540 cases in 2026, and while this is a decline from the start of the decade, risks from the Iran War are extensive. This is according to Allianz Trade’s latest Insolvency Report, which examines non-payment risks for corporates in 2026 and 2027. The world leader in…
There were 167,176 overdue invoices on the books of around 25,00 mostly small businesses in Northern Ireland in the first quarter of this year, a new report reveals. Late payments are a significant cause of company insolvencies, and mounting arrears can quickly turn day to-day cash flow issues into a wider crisis,according to R3, the…