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The Gretna Inn Limited had total creditor claims of £580,824.71, according to a statement of affairs signed by director Iain William Broughton on July 8. The company is described in the insolvency documents as trading as Crossways Inn Hotel, the former name of The Gretna Inn on Annan Road in Gretna. Natalie Hughes, of Simply…
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GAO: ED Should Consider Early Coordination With Loan Servicers to Ease Implementation Challenges NASFAA.org Read the original article here
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In Value Wise Consultancy Private Limited v Deputy Director, Enforcement Directorate, the National Company Law Appellate Tribunal (NCLAT) held that the National Company Law Tribunal (NCLT) has no jurisdiction over the Enforcement Directorate (ED) withdrawing funds from a corporate debtor’s account. The case began with police complaints against the corporate debtor alleging loan diversion, ED…
For a financial creditor, a stressed account is a race against time. Working capital dries up, customers drift away, suppliers tighten credit, and key employees leave – often long before a formal insolvency application is even filed. By the time CIRP begins, the business a creditor is trying to resolve may already be…