Michael Reid, head of insolvency services in Scotland for MHA, has been appointed liquidator of VG Mathers Limited, based at Kintore in Aberdeenshire. VG Mathers’ fall into liquidation has resulted in the loss of all seven jobs. Colin Mathers, director of VG Mathers Limited, said: “It is with a heavy heart that we announce the…
Three companies active in ornamental horticulture and trade were declared bankrupt on Tuesday, September 1, in the Netherlands. The businesses involved are wholesale nursery Green Collect Sales, based in De Kwakel; Nakayama Floral Design, based in The Hague; and florist Blossom Flowers,…
NAIROBI, Kenya, Sept 2 – A challenge has been filed by Allan Mulama Advocates at the High Court in Nairobi following the gazettement of the liquidation of the Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO) this week. In her ruling, Lady Justice Rhoda Rutto certified as urgent the matter filed by RUPSA…
Pending Fraud Proceedings Cannot Prevent CIRP: NCLT Approves ₹104 Cr Consolidated Resolution Plan with 98.2% CoC Vote [Read Order] Taxscan Read the original article here
Sale & Leaseback of Cloud Storage Particles is Financial Lease under Ind AS 116: NCLT Admits ₹1.63 Cr Insolvency Plea Taxscan Read the original article here
Jobs lost as Aberdeenshire haulage firm liquidated TheBusinessDesk.com Read the original article here
NEW DELHI: In a significant ruling addressing the treatment of statutory delay penalties under the insolvency framework, the Supreme Court of India held that time extension charges levied by the New Okhla Industrial Development Authority (NOIDA) cannot be treated as Corporate Insolvency Resolution Process (CIRP) costs or recovered from homebuyers and the incoming resolution applicant.…
FarmInsect shuts down after failed rescue efforts Aquafeed.com Read the original article here
REVEALED: Liquidator appointments for businesses in the Logan council area for September 3 The Courier Mail Read the original article here
Will homebuyers have to pay delay penalty if developer claims insolvency? SC sets the record straight ThePrint Read the original article here