Pond Time Ltd, which traded as The Highland Drove in Great Salkeld, entered creditors’ voluntary liquidation after the pub closed earlier this summer. The operators had warned in May that rising costs meant they could no longer see a way to make their plans for the pub work. In a Facebook post on May 31,…
The Bucharest Tribunal on Tuesday, August 18, rejected public transport operator STB’s request to enter insolvency proceedings because the company did not submit all the documents required by law. Mayor Ciprian Ciucu called the decision “unexpected” and said he hoped the company would appeal. The case was registered last Thursday and resolved at its first…
SpiceJet has received some relief in its insolvency battle after the National Company Law Tribunal (NCLT) allowed aircraft lessor Aviator ML to withdraw its insolvency plea against the airline following a settlement between the two sides. However, the tribunal also imposed a fine on both SpiceJet and Aviator ML for informing it about the settlement…
Bobble AI is facing a formal insolvency process after its operating company, Talent Unlimited Online Services Private Limited, was admitted into the Corporate Insolvency Resolution Process by the National Company Law Tribunal (NCLT), New Delhi. The development was first reported by Entrackr, based on regulatory filings and records available with the Registrar of Companies. At…
The founder of Liverpool property group Signature has been banned as a company director after investors lost more than £4.8 million through a linked company that distributed false and misleading marketing material. Businessman Lawrence Kenwright – once linked with a run for Mayor of Liverpool – has been the director of almost 100 companies, including…
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Reading Time: 2 minutes Liquidators are investigating whether produce company Kiwi Crunch Exports Ltd traded while it was insolvent. The Hawke’s Bay-based company was placed in both liquidation and receivership on August 11. In their first report, liquidators Raymond Cox and Gareth Hoole from ECOVIS KGA, said they are investigating whether Kiwi Crunch traded while…
In the first instalment of this series, ‘Crossroads: A Guide to Corporate Distress in the Cayman Islands’, we explored statutory demands and one of the tools available to creditors seeking payment of outstanding debts. However, not every company reaches the end of its life due to financial difficulties, disputes or insolvency. In fact, most Cayman…
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…