Seven linked companies shut down after Insolvency Service investigation with Companies House | Insolvency Service

The companies appeared unrelated until a joint investigation uncovered similar conduct concerns. The companies were registered in Lancashire, London, Manchester and Reading.   They appeared unrelated on the Companies House public registry until the Insolvency Service teamed up with Companies House and found evidence of a connection.  The seven companies were wound up by the High…

Can Companies In Liquidation Seek Exemption From GST Pre-Deposit To File Appeals? Delhi High Court To Examine

The Delhi High Court will examine whether companies undergoing liquidation can seek exemption from the mandatory pre-deposit requirement under Section 107(6) of the Central Goods and Services Tax (CGST) Act. The issue is whether the requirement can be relaxed in view of the statutory distribution mechanism under the Insolvency and Bankruptcy Code (IBC). A Division…