After a company failed to keep financial records, pay its debts, and overstated its financial position before it went into administration, one director was ordered to pay more than $2 million to the liquidators. Liquidators have won their case against a director after the Supreme Court of Victoria found that a bare denial was insufficient…
Dubai court declares man insolvent after he fails to pay Dhs4.2 million debt Gulf Today Read the original article here
The tribunal upheld National Company Law Tribunals order, citing broad powers under the Insolvency and Bankruptcy Code and stressing accountability during CIRP. Corporate dispute appellate tribunal NCLAT has rejected an appeal of Log 9 Mobility’s two suspended directors challenging an NCLT order that directed them to assist in the recovery of 100 electric vehicles taken…
REVEALED: Latest business liquidations in Manningham Herald Sun Read the original article here
The company running West Island deli joint Chenoys has gone bankrupt with liabilities exceeding a million dollars after years of losses and unpaid bills, court records show. A notice seen posted on the doors of the restaurant in Dollard-des-Ormeaux warned property cannot be removed without the bankruptcy trustee’s written permission. Chenoys goes back to 1936.…
Refex Renewables settles insolvency dispute with SILRES for ₹16.51 crore scanx.trade Read the original article here
Business registrations fall in NW as caution persists wigantoday.net Read the original article here
Bengal Steel Industries Q1 Results: NCLT admits firm to insolvency process scanx.trade Read the original article here
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REVEALED: Latest business liquidations in Manningham Herald Sun Read the original article here