Mercantile Ports & Logistics has provided an update on the ongoing Corporate Insolvency Resolution Process of its subsidiary Karanja Terminal & Logistics Private Limited following a hearing before the National Company Law Tribunal in Mumbai. The company’s counsel began substantive submissions by outlining a detailed chronology of KTLPL’s One Time Settlement process and the subsequent…
Hamas may potentially receive up to $400 million in debt relief under the 15-point Gaza Board of Peace (BoP) plan, KAN News reported on Tuesday. The report is based on Article 5 of the agreement, which KAN described as containing vague wording that says the money will be transferred to “suppliers and contract holders,” without…
Dutch bicycle manufacturer Accell Group was declared bankrupt by an Amsterdam court, according to the bankruptcy trustees. The new court order revokes the previous ‘suspension of payments’ that was granted to the Dutch parts of Accell’s business on August 5. Court-appointed trustees said the companies could no longer meet their costs, and that the factory…
Breyer Holdings, the parent company of collapsed contractor Breyer Group, has entered creditors’ voluntary liquidation. Dominik Thiel-Czerwinke and Jamie Taylor of BTG were appointed joint liquidators on 3 August by the company’s members and creditors, according to an official notice. Essex-based Breyer Holdings Ltd was the parent of Breyer Group plc, which entered administration in…
On insolvency, the court found that neither company could pay its debts as they fell due without outside support, and that both owed more than they owned. It noted that one company had never made a profit from its horse-breeding and training operations and, as at 31 March 2024, recorded net liabilities of $2.773 million, while the…
Over 36,000 Companies Shut Operations in Maharashtra in 5 Years: Govt Moneylife Read the original article here
Since the beginning of 2025, public-sector creditors such as tax and social security authorities have been required to pursue outstanding claims more consistently through debt enforcement proceedings. This explains part of the increase, business information provider Dun & Bradstreet said on Wednesday. Specifically, corporate insolvencies rose by almost 55 percent to 7,496 cases in the…
– Suzanne Paul’s former Glendowie mansion, valued above $9m, has returned to the market. – It features five bedrooms, Mediterranean styling, harbour views, three levels, and 686sqm of living space. – Paul sold it for $4m in 2004 after financial trouble, but later declared bankruptcy. Suzanne Paul’s former dream home is on the market for…
Expert Opinion: Re-using a company name after liquidation – Marketing Stockport We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkRead more Read the…
Debt management and financial analysis system programme: Annual Report 2025 Polity.org.za Read the original article here