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The irony is hard to miss. Ten months later, the Essar saga finally ended. Lenders received about ₹42,000 crore, roughly 85 per cent of their claims, or about 276 per cent of liquidation value. Patience paid. But it took an extraordinarily long time to discover that it would. That is the dilemma India’s insolvency system…
The Crown Inn Woodstock Ltd was put into voluntary liquidation in July last year. It is believed the Grade II listed 18th century boutique hotel, bed and breakfast and restaurant in Woodstock with the same name remains open and trading. Daniel Taylor, at the Manchester-based insolvency firm Fortis Insolvency, was instructed to wind down the…
Astron Paper files contempt petition in NCLT over non-compliance scanx.trade Read the original article here
Astron Paper CoC e-voting opens for 4th meeting after adjournment scanx.trade Read the original article here
A chartered accountant who fraudulently diverted more than £40,000 from her Cambridge employer has been jailed after a court activated part of a previous suspended prison sentence for a previous fraud. Kirsty Lynette Payne was sentenced to 10 months in prison for the latest fraud offence. The court also activated 18 months of a previous…
HMRC files winding-up petition against Peterborough cleaning company Peterborough Telegraph Read the original article here
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Gilles Lapierre reacts to Cycles Lapierre’s judicial reorganisation Bike Europe Read the original article here
Finance broker Creditplus has ceased trading after its parent company Jump Finance Ltd appointed insolvency specialists. An announcement posted on the firm’s website has confirmed the news, with Antony Batty & Co appointed to oversee the winding up process. Customers and dealers are now being encouraged to contact the insolvency practitioners if they have any…