Liquidation In Point Cook. What is a Preference Payment

Liquidation In Point Cook. What is a Preference Payment. A preference payment (or preferential payment) is a payment or asset transfer that can give a creditor an ‘advantage’ over other creditors. Typically, preferences are payments of money and any payment made to a creditor before a liquidation may be eligible for recovery by a liquidator. If your Company is Insolvent and not able to…

Liquidation In Penshurst. What is a Preference Payment

Liquidation In Penshurst. What is a Preference Payment. A preference payment (or preferential payment) is a payment or asset transfer that can give a creditor an ‘advantage’ over other creditors. Typically, preferences are payments of money and any payment made to a creditor before a liquidation may be eligible for recovery by a liquidator. If your Company is Insolvent and not able to pay…

NCLT appoints IRP to carry out Amtek Auto insolvency process – Daily News & Analysis

The National Company Law Tribunal (NCLT) today appointed an interim resolution professional to carry out the insolvency process of debt-ridden auto component maker Amtek Auto, according to a regulatory filing. “NCLT, Chandigarh has today…appointed Dinkar Tiruvannadapuram Venkatsubramanian as an interim resolution professional (IRP) for carrying out the CIRP (corporate insolvency resolution process) of the company,”…

Leclanché shrugs off insolvency ‘blip’, targets US stock listing and software acquisition – Energy Storage News

Published: 27 Jul 2017, 12:05 Leclanché battery storage system at a large remote microgrid project. image: Younicos. Swiss battery maker Leclanché could apply for listing on a US stock exchange and is targeting the acquisition of an energy management storage software company, despite emerging from a recent period of technical insolvency. Leclanché held its annual…

NOCL gets insolvency official – The Hindu

The National Company Law Tribunal, Chennai, has appointed an Insolvency Resolution Professional (IRP) for Nagarjuna Oil Corporation Ltd. (NOCL) which is setting up a six million tonne refinery on the east coast at Cuddalore in Tamil Nadu. Tuesdays order was based on an application filed by the creditors, a regulatory filing by Nagarjuna Oil Refinery…