Ngaiwi Developments owes Inland Revenue $2.3m, NZ Mortgages and Securities $793,000, Edenbay Properties $270,000 and unsecured trade creditors $479,000, the report said. Total debts are yet to be quantified but the only assets are $25,000 cash in the bank, according to Tony Maginness and Jared Booth. Stewart had the liquidators appointed when various factors combined…
Bollywood actor Akshay Kumar recently faced a setback in his legal battle as the National Company Law Tribunal (NCLT) dismissed his insolvency petition against the ed-tech company Cue Learn Pvt. Ltd. The dispute revolves around an endorsement agreement Kumar signed with Cue Learn in March 2021, for a total fee of ₹8.10 crore. According to…
By R. Chandra Mouli Filing an insolvency petition can work wonders, especially in an ecosystem that favors creditors, further to the constitution of the National Company Law Tribunal. If you want to know when NCLT was established, the answer can be found in the Exam Prep lessons – published by Byju’s. India vs Australia 4th…
Swindon & Wiltshire Economy Wednesday January 22 2025 Author Name: Peter Davison Insolvency-related activity in the Thames Valley and Wiltshire has decreased slightly says R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe showed a minor drop in insolvency-related activities from 211 in November to 203 in December. The…
A household name in the UK, Katie Price has lived out the highs and lows of life in the spotlight. An open book with her fans, the mother-of-five has documented many of her woes on her various reality series and in tell-all interviews. Having courted the limelight as a teenage glamour model, the public have…
Lynette Horsburgh BBC News, Lancashire Getty Images John Allen, who has since been declared bankrupt, was also ordered to pay £3,600 in compensation A plasterer fraudulently exaggerated his turnover by more than £200,000 to take up huge business loans during the coronavirus pandemic and blew the money on “gambling and fantasy football”. Jordan Allen “blatantly”…
The number of people falling into financial insolvency in England and Wales last year was 14 per cent higher than in 2023, driven by a record high in debt relief orders (DROs), the Insolvency Service said, writes David Connett. A total of 117,947 personal insolvencies were registered in 2024, up from 103,434 in 2023. The…
The National Company Law Tribunal (NCLT) has dismissed Bollywood actor Akshay Kumar’s petition to start insolvency proceedings against Cue Learn Pvt. Ltd, according to a news report. The bench, consisting of Judicial Member MS Shanmuga Sundaram and Technical Member Dr. Sanjeev Ranjan, ruled that Kumar’s claim was based on pending payments under a contract, which…
The National Company Law Tribunal (NCLT), New Delhi bench comprising Justice Manni Sankariah Shanmuga Sundaram (Judicial Member) and Dr. Sanjeev Ranjan (Technical Member) has dismissed petition filed by Bollywood actor Akshay Kumar, seeking initiation of insolvency proceedings against Cue Learn Private Limited, an ed tech company. The Tribunal noted that the claim in question pertained…
Scottish business insolvencies saw a significant year-on-year decrease in December 2024, despite the overall annual figures remaining stable. The latest data reveals a complex picture of Scotland’s economic health as the country navigates through challenging times. In December 2024, there were 82 company insolvencies registered in Scotland, marking a substantial 24% decrease compared to the…