Lawrence King, director at insolvency practice Antony Batty & Co, said pubs, restaurants, and shops cannot afford to ‘take their eyes off the ball’, even if they are getting a cash boost during the World Cup. He acknowledged the short-term benefits of increased trade during the competition but urged businesses to seek qualified advice if…
REVEALED: Latest business liquidations in Manningham Herald Sun Read the original article here
Glasgow-based electrical contractor BGL Contracts Limited has entered administration, resulting in the loss of all 40 jobs after facing mounting financial pressures. The firm, which has operated for almost 20 years, appointed Interpath managing directors Alistair McAlinden and Geoff Jacobs as joint administrators. The company specialised in electrical fit-out work for clients across sectors including…
Insolvency practitioners in Singapore hold a formidable investigative tool. Section 335 of the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) lets the court compel not only a bankrupt but any third party who may hold relevant information, including family members, to appear for examination and to produce documents about the bankrupt’s affairs, dealings and property.…
Shares of Ola Electric Mobility extended their losing streak for a third consecutive session on Tuesday, losing nearly 9% in three days, amid reports that two suppliers had filed insolvency petitions against the company’s wholly owned subsidiary over alleged unpaid dues. On Tuesday, Ola Electric shares fell as much as 2.35% to ₹41.39 on the…
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by a suspended director of Farm2Energy, upholding insolvency proceedings against the company over an unpaid advance related to a biomass bales supply contract. A three-member bench dismissed the appeal filed by Sukhbir Singh, a director of the suspended board of the Ludhiana-based Farm2Energy, and…
French e-bike brand O2Feel seeks investors after insolvency filing Bike Europe Read the original article here
You can also listen to this podcast on iono.fm here. SIMON BROWN: I’m chatting with Eric Levenstein. He’s director and head of the Insolvency and Business rescue Department at Werksmans Attorneys. Eric, appreciate the time. Two significant milestones in the local business rescue landscape – Murray & Roberts did a deal with a Differential Capital.…
The shares of Ola Electric Mobility slipped over 2% on Tuesday to extend a 9% fall over the past three consecutive sessions, as media reports around vendors filing fresh insolvency pleas against its subsidiary over alleged dues worth Rs 40 crore spooked investors.The shares of the company dropped to Rs 41.41 per share on the…
The firm has given an update to ticket holders Author: Oliver MorganPublished 13 minutes ago The upcoming Kernowfornia Festival this September here in Cornwall has been cancelled following the insolvency and subsequent liquidation of its organising company, Gracenote Promotion LTD. The decision to cancel the festival was made after Gracenote Promotion LTD conducted a thorough…