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…
REVEALED: Latest business liquidations in Dardanup The Daily Telegraph Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
A collapsed Cotswolds car firm’s over £250K debts have been revealed. A statement of affairs has been published by liquidators BTG Begbies Traynor about Woodstock-based company Cotswolds Cars Ltd. Within the document, it is revealed that the business has creditors worth over £250,000, more than in its latest accounts which was to August 31, 2024.…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Australian private credit funds delivered triple the returns of ultra-safe government bonds over the past year, delivering a windfall for investors despite growing unease about the health and transparency of loans. Returns in Australia’s listed and unlisted private debt funds averaged returns of 5.6 per cent in the 12 months to June 30, according to…
REVEALED: Liquidator appointments for businesses in the Scenic Rim council area for August 13 couriermail.com.au Read the original article here
REVEALED: Latest business liquidations in Latrobe (VIC) Herald Sun Read the original article here