The Mumbai Bench of the National Company Law Tribunal (NCLT) has dismissed a insolvency application filed by Canara Bank Ltd. against Globiz Exim Private Ltd. and held that a corporate guarantor cannot be subjected to the Corporate Insolvency Resolution Process (CIRP) through a fresh demand notice after the limitation period has already expired. The Canara…
Trump declared at the White House Correspondents’ Dinner that many outlets would collapse without him. The remark provoked debate over media sustainability and political coverage. U.S. President Donald Trump expressed confidence that after the end of his political career many American media outlets will go bankrupt, because there will be no one left for them…
The administrators of the Liberty Bell Bay manganese smelter believe the company had been insolvent since May last year, months before the Tasmanian government loaned it $20 million. The smelter in northern Tasmania was placed into administration in March and officially closed last week, leaving about 200 workers without jobs. In its voluntary administrators’ report,…
Norwich-based ski travel startup SkiYodl has officially entered liquidation, marking a dramatic end to a business launched with high-profile backing and ambitious expansion plans across Europe’s major Alpine resorts. Liquidators were appointed to the firm on Wednesday, July 22. High-Profile Roots and A-List Clients SkiYodl was co-founded by Oliver Dannatt—the son of Lord Richard Dannatt,…
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REVEALED: Latest business liquidations in Scenic Rim The Courier Mail Read the original article here
A vanished boat is the least of it Receivers BDO are hunting for a Ramco Ultimate 9000 boat and trailer worth roughly $200,000, the only vessel of its model in New Zealand, that went missing after the collapse of TW Group Holdings, TW Civil and RMS Contracting (Wellington). Police and private investigators have been engaged.…
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REVEALED: Latest business liquidations in Perth The Daily Telegraph Read the original article here