VG Mathers Limited, founded nearly 60 years ago in Scotland, ceased trading after a prolonged period of “difficult conditions” in the road haulage sector. The closure has resulted in the loss of seven jobs. Colin Mathers, director of VG Mathers Limited and son of the founder, told our Scottish sister paper The National: “For years,…
VG Mathers Limited, founded nearly 60 years ago in Scotland, ceased trading after a prolonged period of “difficult conditions” in the road haulage sector. The closure has resulted in the loss of seven jobs. Colin Mathers, director of VG Mathers Limited and son of the founder, told our Scottish sister paper The National: “For years,…
The Bombay High Court has upheld the revival of The Svadeshi Mills Company Ltd., which has been in liquidation since 2005, based on a revival plan endorsed by Grand View Estates Pvt. Ltd. and Forbes & Co. Ltd. who together own 53.25% of the shares of the company. The Division Bench called the objection raised…
The National Company LawTribunal (NCLT) has accepted the Section 9 Application filed by Sai Kripa Indenting against Sneh Olefins Private Limited for Corporate Insolvency Resolution Process (CIRP) on account of operational debt of ₹38,28,15,122.64. The Bench ruled that the inability of the Corporate Debtor to meet its obligation, SARFAESI proceeding and proposed settlement does not…
He disclosed the figure while responding to a question from BNP MP Reza Ahmed of Kushtia-1. The finance minister said the government is taking a range of measures to reduce the debt burden on people, with emphasis on increasing revenue collection, ensuring efficient management of public funds and strengthening debt management. He said the government…