Market snapshot: The National Company Law Appellate Tribunal has stayed the initiation of corporate insolvency proceedings against Polycab India Limited. The legal dispute centers on an alleged operational debt of ₹2.79 crore filed by Asier Metals Private Limited. Data Snapshot Alleged operational debt under legal challenge from Asier Metals Private Limited stands at ₹2.79 crore.…
They paid for their wedding photos in full. Some had photographers booked for months. Then, just days or weeks before the wedding, an email arrived saying the company they booked through was filing for bankruptcy. Customers of Boston-based Picture This Wedding were forced to hire someone else, and photographers working for the company say they’re…
Home/Corporate Laws/Absence of a 66% vote in favour of Liquidation does not prevent Liquidation u/S 33(1)(a): NCLAT dismisses Appeal [Read Order] Corporate LawsLaw Report The tribunal observed that Section 33(1)(a) was automatically triggered. Get the day’s tax rulings in your inbox × The case number, coram and counsel for this order are part of the…
The company, in an exchange filing, stated, “With reference to the captioned subject, please find enclosed herewith the press release on the receipt of order dated October 09, 2026 from the Hon’ble National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi staying and keeping in abeyance the order dated October 07, 2026 passed by…
The foreign secretary, Ed Miliband, will claim the global financial system is failing developing countries, as he calls for a “new deal” for governments struggling under the burden of debt. Promising to throw the UK’s diplomatic weight behind urgent reform, he will evoke the example of the Gleneagles summit under the last Labour government in…
No assets had as yet been identified to satisfy creditors. The company had operated as a charity until May, when it was deregistered over a failure to file annual accounts. Its most recent accounts filed, to December 2022, show financial problems were apparent years ago. The accounts show negative equity of -$87,919, against total assets…
An award-winning UK furniture brand has plunged into liquidation owing more than £1.4 million in debt. The Sussex-based company sells furniture, lighting and home decor before entering creditors’ voluntary liquidation on June 1. Pure White Lines Ltd. also sources antique and vintage items from across Europe, and was established in 2012. Beloved UK furniture brand…
Full list: Companies entering liquidation or administration across Australia on October 14 The Courier Mail Read the original article here
IMF calls for US to cut deficits amid bond woes, urges China to shift away from exports Reuters Read the original article here
Future of The Mulberry pub in Farnham uncertain as company behind it faces liquidation Farnham Herald Read the original article here